The EURUSD is currently in a symmetrical triangle (blue trendlines). I believe this will break in a short term. I expect that it will make an upward movement. As you can see, the Elliot wave has been applied. Here you can find point E in the lower part of the triangle. If the elliot analysis is correct, the triangle will ...
Now lets take a look at the daily chart for this trade setup! MACD is pushing down, now we just need the momentum and confirmation from the orange MACD. RSI is relatively low and we also know that we are in a downward trend long term. Considering we are near an important price action level, it is safe to assume we will see price decrease from here on out! We also ...
Price broke out of the ABC correction counter trend line which is also the neckline of a double bottom pattern.
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Price has the potential to move towards the resistance level after it broken out of the correction with an impulsive wave 1-5 and retested the broken structure with an ABC zigzag pattern.
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Considering that the price has broken out if the ABC zigzag ...
Hey traders, so I see a huge rejection off the daily trendline after fridays big selloff with the CAD numbers and news .. I now see it possibly reaching towards 1.34 resistance .. This chart displayed is the hourly timeframe and as you can see the candle closed bullish with barely any wick above a support zone .. Great risk to reward setup.. Enjoy and take at own ...
Hey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will ...
Previous target level / area was achieved.
This weeks plan:
Expecting the base of last weeks LO's to hold and make moves upwards towards the area between 144.10 and 144.50. All depending on if 143.00 or higher can act as support.
With the momentum needed for this move up, there may even be enough to reach the 146.00 level (Bonus).
Million Dollar Tip: If you're ...
Siguiente el canal de tendencia bajista en 1H el precio se dispone a realizar un patron de correccion para continua su bajada, lo aconsejable es tomar posiciones en limit o stop para esperar la ruptura
Price completed a motive contracting leading diagonal wave and made a corrective ABC structure.
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The ABC corrective structure also ends with a double bottom pattern at the support confluence level and price has the potential to move up towards the resistance level.
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Considering that the price has broken the counter trend line, all the bullish criteria has been ...
We have EURUSD price rejecting the trendline, wait for the candle confirmation in H4 so you can go short on this trade, secure your TP on the trendline but I think the sell will break it and reach our next zone!
Alright so here is a good setup i have come across now that the markets have closed .. unfortunately i am currently in GA longs which i have not exited for the weekend .. hoping for one last push up (liquidity spike) then the sell from this potential daily supply area in confluence with the 78.6 FIB level and the 4hr ABCD Pattern .... Great Risk to Reward ...
Price breaks and retested broken support level that lined up with H4 moving averages and 50.0 Fib ratio.
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This swing is also a possible Wave 4 of ending diagonal wave and price has the potential to move down towards the support zone & -27.0 Fib area to complete the Wave 5.
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Price has also made a daily bearish engulfing candle and inside candle which are further ...
XAUUSD, $index weakness ahead while gold has formed bottom medium term to move upside for few days and even weeks. upside levels are 1243 next 1264, if break then next 1284
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