Here is a shorter timeframe view on GOLD.
A few days ago I posted an analysis on GOLD but on bigger timeframe to let you see the overall market of the market from my point of view. I believe the market ended it's correction at 1764 to begin a Wave 1 which have been a leading diagonal. From the 1959 high, the market began a corrective ZIGZAG pattern with a FLAT as...
Here is a potential SHORT idea on GBPAUD.
GBPAUD have been in an uptrend for almost 29 days, but I believe that this uptrend was only a 5 wave corrections of a bigger FLAT pattern. Overall I believe that GBPAUD is still bearrish and I believe that we did reach a key level and I will be looking for short opportunity instead of long from this level.
So that being...
Here is a short term long idea on EURAUD.
This is a countertrend idea so it's risker than just waiting the potential end of C wave.
The way to trade this setup is actually waiting a Wave 1 to form and buy and the END of Wave 2. (the corrective wave)
We seems to be in a Wave 4 correction (which should be a FLAT, because Wave 2 has been a ZIGZAG pattern).
I am currently neutral on NZDJPY because I prefer following the overall trend and this trade would be countertrend.
NZDJPY seems to be forming a great FLAT PATTERN. I will be looking for a LONG position between 73,600 and 73,000.
From my perspective I think the market will retrace until 73,000 because that would be 38,2% of Wave 3.
Again , this might NEVER...
Possible long idea on EURAUD.
We could currently be at the end of Wave B within a Wave 4 corrective pattern. (Wave 2 was a Flat pattern patttern, so the alternation rule make it a zigzag for wave 4)
Wave A would be a Leading diagonal with a deep Zigzag correction as Wave B.
As we can see see on the chart. Wave C of wave B is an ending diagonal that is 1,618%...
Possible Long Idea about XAUUSD .
Double correction have been completed on November 29th. (Double Zigzag).
Wave 1 is a leading diagonal. A leading diagonal always include a deep retracement. Which might has been completed at 61,8% of Wave A of Wave 2 (1790$).
From that point, I believe we are going back above 2000$ but I also believe that if it breaks the low...
so here is a simple analysis on GBPCAD. I see a trendline re-test with a major support area that have been reach.
It could be the reversal area of GBPCAD. Also daily Bollinger Band 200 period been hit in the same area of the supply & demand area!
I expect higher than the target 1.84 would be the last high and honestly, I think it will reach 1.84 and...
here is my full analysis on GBPCAD. As you can see, I am a swing trader. I will be taking profit after 1400 pips. I am expecting longer term an even higher level to be reached.
1.84 been the level where an Bearish Gartley been complete so the market began a correction for the Wave number 1. The correction been an ABC correction (if you learned Eliott...
here is my EURAUD view. I can see an HEAD N SHOULDER, it also just completed an ABCD PATTERN on the 61.8% FIBS that is almost an ABCD PATTERN from the 1.36 level.
Re-test just been done. This is a swing trade, might take a few weeks.
Don't be greedy!
gold seems like it did hit an important level!
We can see it did it the weekly bollinger band + BAT PATTERN and we can see a strong supply & demand area!
Trade with care,
don't be greedy!
long time I didn't post anything! Here is my view on GBPUSD. I am expecting a bullish movement from most of GBP pair but GBPUSD is looking really bullish since it did re-test a strong weekly support!
I am expecting a minimum of 1.37
don't be greedy!
so here is my view on AUDJPY. Pretty simple trade, on higher timeframe we can see that AUDJPY is on really low level and been consolidating for now a few weeks. I am expecting in the next few weeks a really nice uptrend for AUDJPY.
The movement might begin next week, if it get to the lower level at 81.788, we might have to wait another week.
this scenario is pretty simple. When you look on weekly timeframe, you can see that BTC never re-tested that 6000$ level before a few weeks ago. It went back above that 7500-8000$ area that is the previously broke supply & demand area. We can also take a look at the trend and realize that the market stopped right above the previous low meaning that...
As soon as the trendline will be break, AUDJPY will be good for a buy!
I am long on pretty every XXXJPY. AUDJPY did complete an Gartley last week and did re-tested it!
Lets be patient, this is a good long setup!
Trade with care,