The Euros are generally going up where as the pounds are going sideways... if the pound was to weaken or stay where it is and the euros continue its strength... I will also look at DXY (Dollar Index and Euro Index EXY the Euro Pound EUR/GBP could explode... however in the short term... we could see a WAVE5 Up tomorrow. Time Frame to Trade: H1 or m30
EURGBP H1 Long Signal Tomorrow 16 July 2020 The Euros are generally going up where as the pounds are going sideways... if the pound was to weaken or stay where it is and the euros continue its strength... I will also look at DXY ( Dollar Index and Euro Index EXY the Euro Pound EUR/GBP could explode... however in the short term... we could see a WAVE5 Up...
The GBPUSD will stay sideways tomorrow. If true. then the day after or during US Session tomorrow, it might setup for a Setup 1 Long Breakout into Wave 5. let's watch it what it does overnight and at London open tomorrow.
This is what I call the famous setup. 8 hrs ahead of time you know what you are going to do at the frankfurt open..(potentially) Now if it stays sideways within the marked boxed zone. we can then trade the Wave 5 up... towards Target Zone Same like the EUR/GBP attached below
This is typically what I call the Famous Setup On the H1 Gator will be open and during Asian session the price goes sideways, boxed sideways at Frankfurt open, if the box is tight, take the break out into Target Zone area marked
Here is an idea on EUR/USD chart. Quick 10 Seconds Elliott Wave Analysis and Forecast and a Trade Idea
If price stays sideways within the marked box, tomorrow around Frankfurt open it should start to shoot up towards wave 5 Cons: Price is stuck within a Box on D1 chart. The D1 box high might prove as a resistance. Relevant to yesterday's trading idea linked below
This is the FAMOUS Setup. I call this famous because it happens in a way that if you look at it at the close of NY everyone can clearly see that this market went UP this day. So if the same momentum was to continue then... if the conditions are met, as shown on the chart, we can take a trade in the Long direction. Condition: if the market stayed within this...
If the market stayed within this boxed region then London Session or the US Session will produce a breakout in to Wave 5 down. Let's watch it tomorrow.
The USDCAD has created an interesting situation Time to Trade: At Frankfurt open tomorrow. Time Frame M15 or H1 Direction: Short
USDCAD Multiple Time Frame Analysis and Trade IDEAS Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down Also there is a potential opportunity for he Intra-Day...
This is a price pattern that I like to call the FAMOUS setup. It allows me to forecast the market at 10 pm UK time before going to bed. I see this pattern 10-12 hrs in advance. And so the prediction is that provided that it stays within this boxed range, as shown on the chart... It will break out into wave 5 on the M15 chart. I should go and hit Target Zone...
Either at Tokyo Open or else at the Frankfurt Open This will shoot up. If price goes below purple then its invalid. price must stay inside this box (ghost feed)
The Kiwi seems to be going into a Wave 4 I can see A B trap (a pattern that occurs within the ABC pullbacks). If it is an abc pullback then Wave C is next This could produce some short setups on the hourly charts.
Looks like a Wave 5 down is possible. 1-2 Days to complete and hit the target near 119
DAX30 GER30 London Session Pre-Market Analysis The DAX is creating a B trap on D1 H1 shows a 3 up... and currently red and green line are touching marked the box high and low of the h1 box I'd like price to break out above the h1 box high
In this video, I look at the future direction of the Dollar across the forex market. Where is the dollar heading as a whole against all the other currencies? Looking at the Dollar Index chart there is a clear direction. Let's find out. If you like the video please hit the like button and also subscribe to my youtube channel for more videos. If you'd like...
USD/JPY Possible Short Setup One on the H4 Four Hour Chart The daily chart is sideways but it does have some momentum downwards previously The dollar index is overall downtrend but taking a pause right now. Lets see if this is a potential short setup.