We got a good potential for AUDUSD, buy setup for long-term
As shown in the chart, we have a complete uptrend running flat correction, followed by a flag formation. If upside breaks the flag around the 108.200 level... Very good confirmation for a BUY.
As shown in the chart, we have a nice contracting flat completed... A nice breakout of this correction... AND a nice breakout ouf the flag formation... I forecast some more downside... at least to the blue line to complete the bigger corrective pattern. Every insight is appreciated, i am just a beginner, thank you !!!
GBP's been in a downtrend all summer... Is the British Pound setting up soon for a BIG reversal soon ? Any insight is appreciated, thank you !
Rate cut or no cut ? I think we might see a short term bullish momentum until interest rate decision. It could even make a higher high ( 1450 + ). But mid/ long term i think we could see a BIG SHORT INCOMING, testing the weekly lows to complete the bigger correction. Very long term : very bullish .
Here is my forecasting on AUDCHF. We are in a downtrend, and most probably finished the 4h 1,2,3 correction. I am seeing some more downside. The blue lines are the 3 last low we had. It will probably retest one of these before making a bigger correction. Lines 2 and 3 are very probable in my opinion. I am just a beginner, let me know what you think, every...
USDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I...
I am looking at this bullish corrective structure on the daily time frame. Price is now at the top of wave 4 and needs to confirm either a breakout to the upside or a reversal for wave 5 first. I expect price to move around this level for a while before making a definitive move so will be trading both long and short positions on lower time frames. Happy...
Gold has been moving according to my analysis and I am expecting more upside to come. There is currently a correction forming which could see an interim move down to complete wave 3 but from that point I will be looking for another long entry to the 1485 mark. Happy trading! Linton White JP Markets South Africa
Expecting this to go over $1BN market cap very shortly. Indicators are extremely bullish - no signs of reversal thus far. Lots of thin movement showing that it's going to be volatile on the way up there.
Looking at the daily time frame on EURUSD, we can see that price hasn't reached the 23.6% retracement level as yet. I expect to see a small pullback to support where price will continue upwards and break the 23.6% retracement level. My initial target to the upside is the 38.2% retracement level. Happy trading! Linton White Pro Trader, Analyst, Mentor & Money...
Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on...
My forecast for NZDUSD to form a reversal and end wave 3 was on point. Price reversed and is now headed to the top of the structure where I will await a breakout or a pullback for wave 5.
Cad/chf is setup to reach that price area long term. Coming off the weekly 200 again right now. It is a very choppy pair. But it has been testing this pitchfork median for quite a while.....
Hello traders, as you can see NZDUSD is currently in downtrend and it's making nice flag for sell under the trendline. I won't take that trade because RR for me is not good and i really don't want to miss bigger move. The bigger move is upside. When NZDUSD breaks the low we will see divergence in play. Divergence could be a reversal sign. The green box is BUY zone...