The upside target at the previous top (31.49) is a minimum. It could double there. Bullish divergence on the RSI.
The power of the trends + Corrective structure at the end. Price is approaching the trendline resistance. Watch the breakout.
Targets previous top at 23.65
It could take more time for this pair to finish a WXYXZ correction. The last wave X could shape a triangular ABCDE formation. Break below D point would signal a move down.
It is possible that AYI is in the 4th wave correction unfolding within wxyxz structure. The trendline support (white) is right under the price. Watch both trendlines (white and yellow) for further clue. The breakout of the yellow resistance is a good buy trigger for the last wave up.
Hello Traders, Long term long EURUSD Set R:R accordingly. I highly honor your reflections on my analysis. Thank you.
Hello Traders, Long Opportunity for USDCHF R:R approx 1 to 5+ I will be honored for your reflections as I recounted the internal waves for wave 4 and I anticipate up-ward move. Thank you.
The pair broke above the resistance finishing correction. The previous top is the minimum target. Risk/reward more than 2. US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as...
Hell Traders, Long observations for USOIL as three opportunities observed with respective R:R from apprx 1 to 3+ respectivey. I will be honored to hear your reflections on my thought analysis. Wishing you wonderful week ahead. Thank you.
Hello Traders, Long term week based set up for USDCHF. I will highly honor your reflections on my thought process. Thank you.
Hello Trader, Short for the long term DXY -0.15% R:R approx 1 to 1+. Your reflections on my observation I highly respect to hear from you. Thank you.
It is possible that EURUSD is in a large WXYXZ correction. Monthly time frame. We finished WXY and now the C of X is underway or we could be in wave A of Z already. The C of X has hit the 1.414 of A of X and if it wasn't enough then another jump higher to the 1.618 ratio or even to the trendline resistance is possible. The Z could hit below the parity once...
Hello there, This is one of the possible scenarios. Trends are powerful.
Update for the daily chart I posted. Maybe we will get the sell setup next week! Hmmm? Bias is short but staying out until I get my signal!
Hello there, I think corrective move is still unfolding in the last wave Z down. Both downside in wave Z and upside in wave 5 are worth traders attention.
Hi Guys, I had posted audnzd before but it broke out of structure and made impulse down, I looked again at structure and found it's all bigger B wave in form of wxyxz structure, so i'm not looking potential buy instead i'm looking for correction of this impulse and it will come so sell breakout of that correction to bottom. You can look for short term buy in form...
As you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation. Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times. This gives me enough indication that the...