The pair will be in a wave 3 - 4 correction and will take advantage of impulsive move of wave 4 - 5.
Bulls are ready to take over the market according to elliot wave analysis.
Gold Spot has been a tricky pair lately and good moves. As depicted in the chart we had a basic EW structure 12345. Our first correction became a triangle labeled abcde which was temporarily in prison which then later had a impulsive breakdown reaching 1460.00. Support and resistance level at 1483.72 which was an area which formed a corrective channel known as...
Previous post i shared possible buy. Now we also have possible short, waiting for trendline breakdown to confirm shorting. Now it's a waiting period ''no entry''
I have two speculations on gold spot, once trendline breakout going long.
The pair looks ready to drop once possible running or expanded flat complete. Wait for trendline breakdowns for shorting confirmations.
I also shared a good buy setup on the pair and performed very well.
Early hours of Monday morning i shared a good short term buy setup on eurusd and it is still profitable.
This week i will also be going long on audusd, explanation within analysis.
Brand new week consider taking buy positions on eurjpy, it will pay nicely..goodluck to all my followers
Friday NFP gave us short positions on eurusd. As markets open i am looking at going long on eurusd for the week taking advantage of impulsive moves, goodluck traders
The euro is in a good position for long positions, its more wiser to take position after NFP market noise settles down. Entry @ 1.11649 target profit @ 161.8% riding Wave 3. Goodluck and enjoy the pips
Intraday setup i shared this morning currently in the money, Congrats to those who followed
December will be holding buy position and only closing in January 2020. Risk Management and Patience very key, goodluck traders
Intra day good opportunity to sell the weak dollar
eurusd formed a base channel, good opportunity to go long
Gold spot has put both buyers and sellers in a trap, its all about knowing your elliot wave analysis and trusting the process. Patience is key at this point.
The euro possibly ready to drop to complete Wave C of EW