ETHUSD shows a strong regression trend, but there is a chance we can break the trend and turn it inta an impuls Elliot wave again.
But I would set a tight stop loss and take the possibility to go short.
Check chart were I want to enter/stop loss and take profit.
So this is my 4 hour chart. the market created a higher high near the resistance zone and i think its going to retrace and then continue to the upside. I may enter if it respects my fib golden zones and target the higher high. then i wait for confirmation that the resistance is holding and i will enter a short position and target the previous support zone. Use...
Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We...
The following screenshots may help you to understand the current Market Situation of the pair USDCHF.
The pictures show the Weekly, Daily, H4 and H1 timeframes.
Let's start with the weekly Chart:
Moving on to the Daily Chart:
Going over to the H4...
Here's an idea of a potential buy set up before a resumption of the move downwards towards the low 1800s. A H&S is currently forming the right shoulder which should present a buy opportunity from around 1865 with a target to 1885.
If the shoulder forms as expected then a sell from 1885 with a target of 1815 could be a good sell opportunity. Being mindful that the...
Good day traders! New York market has been opened and I hope y'all have a great trades ahead. Start off with my sharing on CADJPY to give y'all a little heads up on the directions!
CADJPY has been struggling in between the price range of 79.70 to 78.34 for the past few days. Therefore, a break of 78.34 would result in bearish movement to 74.13 (ideally) whereas...
Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. However, we are back to another one of the most traded commodity pairing, XAUUSD, also known as GOLD vs USD.
Gold has been really bullish recently due to fundamental supports such as...
These are the scenarios (if price doesn't stuck in a range) for both the short and the long side. Short has a higher chance (imho) now, but markets do what they want, so won't be surprised if it goes up. I'd wait with going long until the last LH is broken, but then go long after a retest. If green zone (LH) doesn't fall, I'd keep going short after every broken...
The market is in uptrend reaching the price on the resistance at 39.38, following clearly the first five Elliot's waves.
We expect a short sideway completing 3 more correction waves.
Our first entry price (Short) could be when the market break the support at 35.00, taking a profit on the next support at about 31.00.
Our second entry price (Long) could be if the...
Hi Traders, GBPJPY has 2 opportunities right now. One is Cypher Pattern play for long positions which can give us 120 pips. Then we have break of structure play downward which can give us 180 Pips. We need to be careful as this is weekend and we have news expected. We should have stops wider in such cases if we want to jump in.
Please feel free to comment or ask...
As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe.
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.
SPOTTED NZDUSD 500-700 PIP PROFIT!
September 12 - November 12
ENTER LONG @ 0.64000
TP LONG @ 0.66500
SL LONG @ 0.63150
November 12 - December 5
ENTER SHORT @ 0.66500
TP SHORT @ 0.60340
SL SHORT @ 0.67000
DURATION 84-86 DAYS
TRADE AT YOUR OWN RISK
This trade has a positive and negative price target. On the upside we expect a move to 215 or 220 and on the downside we expect price to decline to nearly 170.
In recent weeks AAPL (Apple Computer) went up 46.44% and should be due for a pullback. The analysis we have conducted has provided an opportunity to make money whether the stock gaps up or if it gaps...
Rising Wedge forming with prices of Bitcoin being extremely volatile in that range. After breakout, $4100 resistance would be tested.
However, Bollinger Bands are telling another story about BTC prices as the lower line of the Bollinger Bands are going sideways and possibly further downwards. Increasing the volatility of BTC with so much room for the price to move about.