I apologize my chart is looking a bit crazy today. So we can see UJ has come to the end of a market at the price 106.84 and we are currently in the 2-3 leg of an elliot wave (the Fib retracements are confirming this). The pullback (the '4' of the elliot wave) is where I will buy in. I'm going to ride the 4-5 wave to the upside. The pullback should happen...
Looking on the daily chart, AUDUSD is close to approaching the 0.7050 quarter level. In late April and mid May we saw resistance taps at that half level, so I am looking for price action to be bearish on lower time frames near 0.7050 and take a sell from there. Could it go bullish from here? I do not believe so. Looking at the Elliot 5-wave (0-1 leg:...
Price have been moving between 108 and 108.5 for some time (Quarter points) so when we hit 108 it should respect that quarter level. SL 20 pips TP 50 pips , entry right at 108
Confirmations: - for about a month now we have gone on a downtrend and market needs to pull back up - Three pins to the low - Divergence and price above liquid 50 - price resisting well hesitation zone of the quarter and should retrase back to previous Major Whole Number
Typical BTMM strategy We can see on the charts how last week we had a bearish cycle going down to 1.49250 yet could not break that zone. After that, we made a multi session W formation and today we are coming in to create a wedge that should breakout soon enough to create a new higher high and change momentum for this trade to the upside. Stop is a bit too much...
Price struggles to make a new lower low and could not reach the quarter level and psychological level of 75.00. We can see a double top formation coming along with ideal divergence after a macro level cycle finished on a wedge that has been occurring for a matter of weeks now. Going to be looking for long opportunities Confirmations: - Double Bottom - Price...
Price has found resistance in a large quarter point and psychological number of 1.625000. As we can see as well, this correlates with a large macro cycle being finished and made a large M formation between last week and this week. Im looking to enter this coming days as midweek reversal and hold for a long term cycle down for a good 500 pips potentially....
Price has struggled to breach the large quarter point of 1.62500. This coincides with a macro cycle of three pushes that has finished (as can be seen in chart in blue squares) and correlates with finished cycle of micro cycle (pink squares). We have divergence on higher timeframes of TDI which indicate a long term swing. Going to be looking to enter in london...
BACKTESTING ON A DEMO NOT TO BE TAKEN SERIOUSLY - 200 ema and 800 ema have not crossed so we may be seeing one last push down - two pins off the 200 for a reset - respected the liquid 50 and is below market baseline - pointing for the next quarter 3 TPs - TP1 on hestiation zone @ 1.94250 (90 pips) - TP2 on half way point @ 1.93750 (130 pips) - TP3 on...
AUDUSD is currently hovering at the MLQP of 0.7000 , also a psychological price. It is expected to keep support and bounce off of this level. Look at price action over the next hour or so for support taps. After a second tap, buy in with 20 pips SL and 50 pips TP
Prediction of an ABC corrective wave following the 50pip move on the Elliot-5-Wave to the downside. Looking for the market to consolidate, then possibly make another drop after encountering resistance off the current whole level. Watch price action
Had a sharp rejection (support) at the 111.00 whole level, wick just past the whole level. Look at the 1H timeframe. There is a bullish wave to the upside coming (Elliot wave possible) , so watch for retracements at those specific levels Entry at 111.115 Could have a buy limit down at the whole level (partial position) SL -14 pips TP+40 pips
USDJPY has taken multiple touches of resistance against the 111.50 quarter level. I am looking for it to travel to the downside to the 111.00 whole level. The stochastic indicates we are not quite in the overbought region yet, so we may see more bullish price play on smaller time frames before a true drop occurs. Entry is right at 111.50 , stop loss is 15 pips ,...
Chart Speaks For Itself We will see a downside to my 38.2 fib Price Target: 97.00 Looking To Trade Asian Session? This here is Key
USDJPY currently sitting at 110.580 , and is on the 4th wave of an Elliot 5-wave. The 4th wave portion is currently sitting at the 0.382 retrace (good entry, this is my only entry at 0.05 lots). Alternatively, you can have partials at the 0.382 , and partials at the 0.50 Fib retrace. Stop loss can be set anywhere below the half level (110.500) and take profit...
- Daily Market closed with a strong bearish candle today. I didn't post yesterday because I didn't see much of a change from my previous assessment of the market. On this timeframe we can see how price played right off of the 786 Fib level and began pushing to the downside. Price may stay within the channel, but if it's a confirmed break, then we could look for...
- Daily Wednesday closed with a doji. Nothing much changed from my previous forecast for the pair. On Thursday, price came back within the channel in a major way and closed below 125.000. This could mean price may make its way towards 120.000 in the long run. - 4H Like I said before, price has comeback and hit the other side of the channel yesterday....
Wednesday didn't show much difference to report. Price consolidated and created a doji. On Thursday we saw a massive bearish candle created and closed on the other side of the zone. This could be a signal for more bearish momentum in the future. However, if we take a look at "recent" price movement on the Monthly timeframe, we can see something interesting. The...