elliot wave combined with fibonacci to create confluence for a bullish target. what do you think?
strong confluence suggesting eurusd will reach target 1 & possibly weekly support. if both reached daily support will be my next target.
Break of CT could be a trigger for a short position to complete wave D. MA crossed over to the downside on Daily and weekly! there is a strong bullish marubozu off of CT so i am being cautious of my short position as it could break to the upside. whats your thoughts???????????
We need MA's to crossover for a signal. If price breaks weekly support i will be shorting. If price reaches 61.8 fib i will be using PA on 4HR to determine a entry to the upside. with a target of 1.15 But very confusing candles for me personally. WHAT DO YOU GUYS THINK? COMMENT BELOW!
I will be entering upon the break of monthly res What about you?
CABLE. I posted similar analysis of this pair a week ago. I did infact get stopped out due to a early entry however my analysis was correct. I am now entering upon the break of monthly support 1.51 bearish to complete wave D. Whats your thoughts?
I have found a bearish contracting triangle on this pair with all waves now complete and using fibonacci to find target levels. when price has broken weekly resistance on 4hour i will be entering
Although MA'S are crossed over to the downside on all HigherTFS, price did break a key level but wasnt able to push beyond .786 fib. So if price does break that level i will be going long. However, on the daily we have a elliot wave with a pinbar on weekly res completing C wave. Fibonacci also helps to confirm abcd wave. so i will be shorting if price breaks...
I still believe will touch 1.16 eventually, however before that day comes there are some reversal signs. MA'S are beginning to crossover to the downside on higher timeframes. Monthly res & 78.6 fib rejected price signalling strong level. Whats your thoughts? Comment below
Heres my verdict on usdcad.. What do you guys think? Comment below.
On all higher TF'S, Im seeing short. We have the MA'S crossed over to the downside on weekly and daily. There is price action signalling bearish. In addition the candles have been rejected by weekly resistance and have broken a trend line signalling weakness. I see bearish all the way! What do you see? I have used fibs to help find my target if this pair...
With both MA'S on all Higher TF'S above candles giving a good signal this is a long. Price has broken Monthly resistance possibly completing wave C signalling the start of wave d. ?
From my analysis here is what i found on this pair: Although on the last leg of the elliot wave C, price broke a key level of monthly resistance, it has retraced to the 50% fib. On all higher TF'S both MA'S are above candles and not in proximity of one another signalling a continuation of the downtrend. Key price action, both bearish and bullish, so i will be...