this is long term view of USDCAD there are 2 main countings for this pair. black one which indicating that uptrend is over and the purple one which indicating a deeper correction for wave 4 and another wave to upside as wave 5 lets see which one is going to happen
GBPCHF had broke the trendline. its a possible indication that this corrective move to downside is over. for entering long and confirmation of this analysis we need a correction. Note the long term divergence. this analysis is not for a trade setup. this is just one of the scenarios that GBPCHF can develop; we have to wait for more clues and see how the pattern...
Hello there! Its good to forget about the chart sometimes to make a fresh look ))) It would be great to know your opinion. Best wishes! Aibek
its seems this correction is a WXYXZ (triple ZZ) . but wave (x) triangle ...?
Price is moving in a corrective structure having completed a five wave pattern. That's a very good level to go short. Stoploss should be placed just above the previous high which is the beggining of the impulsive move to the down. Like and comment if you agree.!
Price is about to complete a five wave corrective pattern wxyxz at the same level where we will have a bearish gartley completion. I will trade this setup entering with two positions. If price reaches the first target i will move stoploss on the second to breakeven.
USDJPY has retraced back to the Short Zone area in three waves making it an X way. The pair can go lower from here. My targets are way lower around 114.00 to 113.50 area but I would enter and exit short term trades based on the wave structures that I see going down from current levels. Its a nice risk reward trade. The stops can either be above previous X wave or...