Hello traders.
I like to share with you my gold analysis. Even if both directions are possible, we have a long trade setup. Let me explain.
Yellow wave count is one option. Based on it, down move was the X wave and it will go up for Z. Minimum target is breaking the of Y. The structure between yellow lines looks like a flag for more upside. So, wait for the...
Hello traders. I wish a nice week to all of you.
I'm looking for short trade setups in this pair. Down move can be reversal impulse and the last up move can be the correction. Based on this possibility, selling it after breakout looks like a good idea. But please wait for a small flag after breakout because there is a chance for more upside. We have very strong...
Hedge Funds and other companies are investing heavily in the Cannabis sector, and this company is relatively cheap. Which means that those companies investing in the sector are incrementally accumulating their positions. This also means that those companies will purchase stocks where they believe it to be cheap and that entry area is a good area (based on...
Hello traders.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it. Down move can be C wave inside of daily X correction, or it can be weekly down impulse. It is not clear yet. Here is my medium-term expectation.
Hello traders.
I'm expecting an up move to 0.618 retracement and the completion of ABC corrective structure. So, I put an entry order as you can see. Here is my target:
Hello traders.
It broke the up trendline and now it's making a correction. I have an entry order as you can see. Waiting for breakout and correction in order to take short trade is also a good idea. Here is my forecast. But of course, I won't keep open this trade until it breaks weekly bottom. I'm just showing you the potential.
Hello traders.
I'm expecting either daily X wave and one more down move or totally upside, which will break the previous top.
I believe taking a long trade will be a good idea in both cases. As you can see, a correction is in the making. So, I put an entry order. Minimum target is the completion of daily X wave.
Trade with care...
Hello traders.
This chart is very clear in daily timeframe. I'm expecting a new up impulse after corrective structure.
In 1H, I think up move was reversal impulse and now, a correction is in the making. The down move can be the whole correction or wave A in bigger structure.
It is not clear at this point, but putting an entry order looks like a good idea. My...
Hello traders.
This chart has a great potential for downside. Wait for the breakout and a small correction before take any short trade. The drop can be C wave in running flat, or weekly corrective structure, or weekly down impulse. Here is my weekly forecast.
Hello traders.
It looks like a flag is in the making. So, I'm expecting next up impulse. I think down move is a correction, and it will go up very much. My target is 0.382 retracement of down impulse because I believe the structure is too small to be the whole correction of weekly down move.
Hello traders.
Gold came down and break the trend line. Wait for a correction before selling it. Down move potential is huge. My target is the completion of weekly regular flat corrective structure. As long as the price of gold stays below 1375, my target will be around 1100. Please look at the related idea to see more details.
Hello traders.
GBPJPY has a great potential for downside just like GBPUSD. Shart down move can be starting of the new weekly impulse, but it is still in the corrective structure. A small flag, what I'm waiting for, then I will take a short trade.
My weekly and daily analysis are:
Hello traders.
Like all other GBP charts, this one is making a big corrective structure for weekly down impulse. The correction could be over at the previous top. It is not clear yet, but I want to take short trades if I can find any good trade setup, because of the potential of down move.
In 1H, it looks like a flag is in the making. That's why I put an entry...
Hello traders.
After the sharp fall, EURUSD is making a correction. I hope it will go up one more time and create better corrective structure, so I can find a better entry. I have put an entry order under the previous bottom. If it falls, I will be in the trade. Target is not clear yet. Down move can be weekly correction or weekly down impulse. It's too early to say.
Hello traders.
We don't have any trade setup yet, but we can have one soon. I'm waiting for a correction to take a short trade. On the other hand, the structure between yellow lines can be a flag for more upside and the blue line is 0.786 retracement of down move, so it can be the target for upside. If it goes up one more time, I will wait for reversal impulse...
Hello traders.
This is my 4th long trade setup idea. The first idea stopped out with 1% loss, other 2 were canceled because it made lower lows. Now, we have new on.
I have an entry order above last top with a stop loss below the last bottom. I'm trying to catch the daily up impulse. It will be a very big wave. The possible target is 123.
Hopefully, it will make a...
BEPL looking like in Consolidating and Forming the " Descending triangle " pattern on day charts.
Price recently got rejected from 50% levels recently and moving side ways with lower levels.
Although its making strong support at 155 - 160 levels, but looking at overall trend and nifty , price likely to break the support.
This confirms the bearishness and...
