market_waver

market_waver

The price formed a channel and bounced from it in January. Looking for longs

market_waver

The price formed a channel. The trade is active since 11th of october.

market_waver Updated 

The price tested the line and bounced. More than possible that within the next few days we will see a 0.75 price area.

market_waver

Pair formed a channel, therefore, it is a good opportunity to short EURUSD pair.

market_waver

We have a tested channel on this pair. Therefore, it is good opportunity to take long trade on this pair.

market_waver

The price is in the resistance area. Also, we see that price is in the upper side of the channel. Therefore, I am short in Gold

market_waver

Opened short trade 2 days ago. As you can see, the price bounce was confirmed (see chart).

market_waver

Expecting this pair to continue climbing up. The previous week mentioned correction and up movement. Everything was accurate. Consequently, the price drew the 1st wave (red) of the bigger wave 3 (blue). However, 1st wave (red) seems to be leading diagonal which has ended this Friday. Therefore, I will enter in longs after small correction to 2nd wave.

market_waver

Expecting this pair to continue decline after correction. Price completed 3rd wave (green) and seem to be retracing from 1.618 fibo level because a 3rd wave is always equal to 1.619 fibo level of a 1st wave. Therefore, I will short this pair after correction in 4th wave (green).

market_waver

I am expecting this pair to continue down movement during the upcoming week. Price completed the 1st wave (green) and 2nd wave (green) of bearish 3rd wave (red). Moreover, if you take a look at the last candles on this pair, then you will see that price struggles to break that level. And as far as I see, the point is that they are fibo levels (0.5-0.618) which are...

market_waver

Expecting OIL prices to continue climbing higher because we have price in channel and rejection from significant fibo levels (0.5-0.618). Also, we have start of last 5th wave (green) of bigger 3rd wave (red).

market_waver

Price is in channel. Moreover, seems that 3rd wave has been started, therefore im expecting this pair to climb higher. Also, we have some confluences with Dollar index, see my last post about it. That's the reason i am taking this trade.

market_waver

2nd wave is very extended with WXY structure, but i am expecting small decline and bullish continuation after decline.

market_waver

2nd wave (green) is completed which was extended. And rejection from 0.5-0.618 fibo levels. Consequently, we saw stong bearish impulsive waves during second part of last trading week. Expecting price to reach 1.618 fibo level of 1st wave. But we may see 2.618 fibo level too. Because 3rd wave seem to be very strong.

market_waver

Expecting Dollar index to continue bullish movements during upcoming week. Because 2nd wave (red) seem to be completed. By the way, 2nd wave (red) was extended correction.

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2nd wave was very tricky because firstly, it seemed that we have simple ABC correction, but after correction in 2nd wave extended in WXY. Therefore, we had to get few stop losses, but in the end right trade was caught. Therefore, i am expecting this pair to continue bearish movement.

market_waver

During last weeks price completed leading diagonal structure in the 1st wave (green), after which price completed 2nd wave (green) rejecting from 0.382 fibo level which means that we may see strong bearish continuation in 3rd wave and bigger 4th wave.

market_waver

See the charts