NZDUSD has created an impulse to the downside and has broken two areas. Expect a corrective pattern to further form. Enter short on the next impulse. Good luck to all.
Here I am trying to get things right on counting the waves, fan of Sir. Elliott.
I wish some one could make a constructive criticism or comment on this, tell me if I am right or wrong on my count, this is the only way to learn and keep progressing.
Haven't found much help on my way so far. What a world.
This is my Idea, expecting the Long Break Out on the 3hr...
Here on EURNZD we have a trade setup forming inside our corrective structure. This setup is only valid if price does not break out of the bigger corrective structure. Good luck to you all
And here is one more
wavers way to look at current AUDUSD
( maybe some strict elliotwavers should have some questions )
I suppose, that many "advanced pattern wavers"
will try to short "Gartley level .786"
so why not try to catch with them C wave from the top ?
I'll personally try with very tight stop loss ( around 0.7606 )
it is a risky trade but we are...
I don't usually analyze and take trades off 15 minute charts, but this quick trend continuation pattern looked interesting...
Price has been making lower lows & lower highs for the last few days on EURUSD, and trading within about a 70 pip descending channel. Currently price has been pulling back off the most recent swing move (and lower channel limit), which has...
Consider gold for a corrective buy opportunity, when the HA price closes above the 8/14 moving averages.
The point of invalidation is the recent swing low of 1122.
Target is support level of 1210 ( support in Feb,March,June 2016) now acting as resistance and fib 50 level of the 2016 gold uptrend.
Risk Reward is 3 to 1.
The trade is closed if price is...
Here is the bigger picture for AUDCAD as well as a smaller time frame view. I will watch for a buy setup at the bottom when price hits the trendline and hopefully we will see wave five to the upside.
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this setup :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
#brocorporation
One of the scenarious for this pair is to form a continuation triangle which should finish one more leg up than a bit down and a possible thrust up.
The chances for this to happen will be much higher if the pair performs an impulse up during next few 4h sessions near the lower boundary of the triangle.
IF you plan to enter on the bullish side wait for a...
To all, excuse me.
I was a few days analyzing the waves and I made a mistake in marking the 5th wave, when in fact it is the 3rd. and still bullish.
This gives us much more room for a growing BTC.
Again apologies and now I will expand to make it clear where we are located.
