The current structure for Gold is an ascending channel. Expect another move up whenever price reaches the bottom of the channel.
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.
SIMPLE PLAN. READ UP. But do as you see fit.
Just an outlook on GU. Will only take the right sell set ups. Obviously with my other Idea I'll be looking for shorter term swings on the D. But when we get to the top of the structure it's SELL SELL SELL homies! ;p
Okay, here is how I see it. This pattern is WICKED... very very WICKED... It has oversized adjustment EVERY where, and that could cause miscounts for E wave traders like myself. Look at the blue 1 and 2 for example... W.T. H right? But to me that is 1 and 2. Because doing it any other way will cause the bottom of 2 to go lower than 1, leading to 'invalid'...
Hey traders! EURCAD is consolidating in the fourth wave of potentially a long and powerful rally. I enter flags at the break of the staff, where an added layer of support is created from previous resistance. I have my stop set behind a few different supports, including short term SMA's, S/R zones, and trendlines. I will not set a hard TP for this and will...
Hey traders! Hope everyone has been taking advantage of these trending markets over the past couple of weeks! I've been busy with some side trading projects and am back with an updated wave count on the EURO. We are witnessing sideways corrective structure in what could potentially be a fourth wave symmetrical triangle. The 1H trend is down but we also have...
Elliot Wave Perspective of Crude Oil. I am interested in trading the Wave 5. Also the price action near 38.2% or 50% retracement level will be taken into notice before entering the Long . Roughly Long @ 48.74 Stop Loss @ 46.99 Take Profit @ 53.00
Hey traders! I like a long position here, but I want to buy the pullback to the unhit daily pivot which will yield a higher R/R and eliminate that bearish magnet. The .5 bat target is highly confluent, with another .786 fib and a missed daily pivot at the same level. I want to move quickly to breakeven after the trade is active. I will update with another idea...
There's wave (ii) in progress, but wave (iii) is likely going to start soon. Also, we've got a wedge in wave (i).
We are still waiting for yen to pass through the 106 area to confirm that price trend is once again up. eeetradinganalysis.wix.com
As we stated in our last week's analysis, cable may rise up once more reaching 1.39-1.41 levels before downtrend resumes.
Like Gold, Silver rallied as high as 21.10 before it turned down. Currently, price is trading sideways which may go as low as 19.00 area. A break out from its corrective channel will signal that this metal is back to being bullish once again.