Looking to ride wave 5 of the elliot wave, the last wave, and sell at cypher completion right on the green line.
High probability Advanced harmonic, swing trade opportunity
buy at the bottom of yellow and white trendline. Low risk HIgh reward trade
Currently showing a bullish cypher, with a possible gartley completion on top of the channel.
Bullish cypher forming, possible 3rd elliot wave.
EUR pairs look like they are getting ready to drop off trendline resistance, Today President Trump has pulled out of the paris climate deal (fraud) which can cause the euro to take a hit. We shall see and hope!
Bearish cyher set up possibly high of week, we could see some dropping till the end of tomorrow as long as we dont stay in consolidation.
Potentential buy off the trendline, with targets being around the red box or cypher completion. we're also curreently in the 5th wave of the elliot wave.
Buy the break out, that would be the 5th wave of the elliot theory.
Quick scalp with long term set up in the comment section, I see an elliot wave set up in the 15m chart and the 4hr
there's a bullish bat pattern, it's also an abc correction of the elliot wave and we could see it bouncing off the trendline break out, it that fails, There's a head and shoulders on the daily, Possible target being the cypher pattern completion.
GBPAUD about to break out of channel,expect this to go up, waves are complete.
Looking for a 50% retracement which would be around the red box. Targets will be back at the top.
Strong support with abc correction/ab=cd targeting cypher pattern.
Woohoo my target was reached over night, gonna look to re enter off support where it's in confluence with the 38.2 retracement off the 3rd leg. Wait for the pull back and enter and ride the 5th wave. Never trade against the trend!!!! Unless you have more confirmation, like confluece with a trendline and fibinocci where you have a low risk and high return as...
On the daily chart I'm anticipating the 5th wave on the daily, it's currently in a channel once it breaks it will start the 5 the wave. On a smaller time frame we also have an elliot wave where it looks like the 5th wave will be the break out wave of the channel/trendline. Also anticipating a ABC correction then continuing the bullish Trend. Stops will be under...
Looking for a pull back off the 4th wave, if it crosses into wave 1 high territory it's invalid. We also have the daily 61.8 at the top red box, looking to short in that area.