The pair is currently in a Flag pattern, or for the Wave traders in a Zig-Zag correction. The pair is showing bullish signs: 1) Bullish Divergence on the 4H 2) Shooting star at the lower level of the channel on the 1H We don't know if the C leg of the Zig Zag correction is over therefore any profits you make it's wiser to lock them in as soon as possible. My...
The shoulders are sitting way too low in order for it to qualify as a H&S pattern according to my plan. As a matter of fact there are a lot of signs showing bullish momentum. 1) Weekly Bullish Divergence 2) Soon to be completed double bottoms 3) Flat Correction complete from the most recent impulse Merry Christmas to you all and wishing you a profitable 2018!...
The pair is currently still correcting and we could get one more strong move to the upside. Bear in mind though that in the bigger picture (Monthly chart - which i will post as an update) we are still within a Zig-Zag correction (wave 4 to be exact) therefore I would be very cautious and lock in profits as soon as possible. Note how leg C looks like it's...
As highlighted on the chart it seems as though USD/JPY is 1 step ahead of USD/ZAR. If this is indeed the case then we can expect a monster move up from USD/ZAR. A similar case occurs with the CAD/JPY + CHF/JPY and I have already made a post for those who want to check it out. (see related ideas seciton). As of now there is no clear buy setup for USD/ZAR...
The pair is currently forming an Ending Diagonal . Ending Diagonals tend to form 5 actionary waves, but this is of course not the always the case as they also sometimes form just 3. As of now 3 waves have been completed so the pair will either drop now or will complete the 5th and final wave and drop after breaking/retesting the 1.3400 level. We have no clear...
On the 19th of October I posted a chart on this pair, calling a potential +1000 pip target. Since then the pair has moved 800 pips towards the primary target. What the pair is showing now is a sign that we could be getting one last push up and reach the final target. Triangle corrections tend to precede the final actionary wave and this is exactly what we're...
FX:NZDUSD Accumulation Range Forming - Poential Buy Setup incoming I'm going to use 2 buy limit for this trade ( one conservative and one more aggressive ) 1) Buy limit @ 0.68295 CONSERVATIVE ENTRY - LOW RISK tp: 0.70603 (230,8pips) sl: 0.67580 (71,5pips) Risk:Reward = 1 : 3.23 2) 0.50 buy limit @ 0.67880 AGGRESSIVE ENTRY - STANDARD RISK tp: 0.70603...
A bullish flag on FX_IDC:USDJPY is in the making and I expect it to break through within a couple of hours
Looking on the hourly time frame, Komodo broken the resistance and currently holding the support well. This is usually indication of the next impulse move up to the next major resistance. What are your thoughts? Trade with care.
IBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway). This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's...
The USDCAD pair has been in an uptrend in the medium-term direction. Recently this pair has been retracing since the 6th of October. This retracement falls right into the round 1.2500 level, together with a 61.8% retracement off the impulsleg and a forming AB=CD pattern this creates a solid buy setup. Targets will be taken @1.2586 Stoploss beneath the entry...
BTS Is looking a lot like other Alts after a full retrace; There's Value around 1500 and I don't really see it staying under 1000
Looking at the pattern weekly pattern on NZDCHF looks to be an opportunity for a long term long.
We can see that the pair is at the bottom of the channel, and both from the Price Action and the Bullish Divergence (on 12H, DAILY AND WEEKLY TFs) itself we can easily assume that bullish momentum is building up which is why I'd be considering a long position to the top of the channel and when and if the price reaches that point we can then start looking into the...
XauUsd to 1317 confirmation with rsi macd stock div then the a bigger move up
EURUSD / Long Setup / H1 Chart Entry Long - 1.19801 Take Profit - 1.21157 Stop Loss - 1.19221 Good luck with your trades! *** My previous EURUSD trading idea
A long breakout just occurred on the AUDNZD. Remember to always follow your strategy!
Im still seeing the big buy setup in short term and in long term. I´ll open my positions if I don't see any LL forming in the next stick! PLEASE COMMENT!!