- Price in bearish market, however overall market sentiment on higher timeframes is bullish - Recent price action showing bulls start to step in, double bottom pattern could be indication of potential reversal - Awaiting break of dynamic resistance before taking long position with price target of 1.4, which is psychological level
Hi guys, here's my analysis on the AUDCAD pair. We've seen a break above daily structure resistance,and as such on the retest of the area, and a confirmation of it being support, we'd be looking for long trades on this pair. Please give me a thumbs if you like my idea. pr
Initially I assessed as a possible ending diagonal. The market has since then provided a clearer path.
My previous GBPNZD which i bought from 1.9345 hit stop loss. In my opinion we might still see price going up because we still got 1 more impulse to complete wave-5. Buy GBPNZD 1.9220 Stop loss 1.9120 Take profit 2.000 (7.8R) Use only 1-2% risk Good luck
GBPJPY is setting up nicely to grab that Liquidity by tapping in the Daily Imbalance
Hello my friends, I already post about buying GU since last week when i saw a potential double bottom mirrorring XAUUSD chart. In my opinion, we could still see GBPUSD going up because all the other major pairs already go up from the last few days except GU. Buy GBPUSD 1.3740 Stop loss 1.3690 Take profit 1.3900 (3.2R) Use only 1-2% risk Good luck
As you can see price right now making a clear HnS pattern. All GBP crosses already melt down during the last 2 days and only GBPCAD remains. We could see this pair melt down following previousy GBPNZD and GBPAUD. Both pairs was mentioned in my post previously and both trade hit my target profit. Sell GBPCAD 1.7290 Stop loss 1.7460 Take profit 1.6800 (2.9R) Use...
The price structure looks weak and there is a probability that the stock can fall further towards 1730- 1710 levels. To continue weakness, should sustain below 1900 levels. Immediate resistance is around 1860 The trend change level is 1900. In conclusion, as long as it trading below 1900, any rally if comes in the stock, might be used to create fresh shorts in...
The market confirmed scenario A, with Wave 2 ending at 1724.00 Now we can expect the target of 1840 to be a high possibility.
Hi Traders, here is my analysis on GbpJpy. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...
Hi Traders, here is my analysis on GbpUsd. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...
Hi Traders, here is my analysis on EurUsd My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to...
Hi Traders, here is my analysis on XauUsd. (GOLD) My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the...
Hello my friends, previously we took sell positions in this pair and managed to booked +180 pips profit from it yielding 4R Right now we're on strong support at EMA-200 and this is also where 50% fibonacci retracement of wave-4. Usually wave-4 will end at 50% fibonacci retracement. As our protective stop loss, we will use wave-1 area because per Elliott wave...
As you can see EURAUD currently on progress to complete wave-(3). If we try to break down the wave we could see another impulse towards 1.5720-10 area to finally complete this wave-(3). I am going to buy EURAUD again as i already trade this pair for the last 2 weeks and it has been a very profitable trade for me. Buy EURAUD 1.5460 Stop loss 1.5420 Take profit...
If this weekly candle Close LIKE that you can buy for MIDTERM
As you can see the same setup with GBPAUD. Price also at the end of wave-iv and we might see another impulse to the downside to complete wave-v. Sell GBPNZD 1.9595 Stop loss 1.9640 Take profit 1.9415 (4R) Use only 1-2% risk Good luck