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EUR/AUD Monthly Analysis !!Good Day Traders !! On the Monthly timeframe on this pair we have an "M" formation that was printed and we rejected the neckline and started our downside movement. We are currently approaching a very strong area of support and the market might easily reject this area and continue it's move to the upside. However when we look at fundamentals and also the COT data we have a different scenario and a very bearish expectation for this pair in the long term. From An institutional perspective we have on Euro hedge funds Shorting massively since the net position went from 165,000 Net position on late January until 125,000 Net position recorded during the last report. Also we have closed more than 5,800 Long position and added more than 6,500 Short positions during the last report. On Aud we have Jumped from -1,450 Net position to close to 6,100 Net positions recorded during the last report. We have seen Hedge funds adding massively long position on the currency which explain the strenght of the Australian dollar during the previous weeks. On the last report hedge funds have added close to 5,383 Long positions and Closed 2,300 Short position which also forecast a very bullish AUD during the next weeks. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
by TheDayzen
1 ~ 2 ~ 3 ~ 4 ~ 5 strategy (downtrend) ~ swing short trade (BTC)-Yurlo Good morning folks, please do me a favour and smash that like button if you like these visuals 👍 Price action talk: (bitcoin) Downtrend: 2 validation points Uptrend: 3 validation points #1: Lower highs, and lower lows being painted on the chart, looking for a retest of $10,900 - $11,000 (trend needs 3 validation points, we have 2 on resistance and support. also, we're sitting under resistance which tells me lower support levels need tested according to structural integrity. #2: Appears to be rejecting gann fan code red (channel) #3: A move to "3" would test the fundamentals and structural integrity at this level. #4: This area has no structural support and i'd like to see more fundamentals as support. which would take us back to $11,000 where we'll either bounce off support or break downwards towards $10,500. Oscillator/momentum signal: #1: Currently at mid-range, low range being swept could signal a possible buy around $10,950 - $11,085. Pay close attention to that level if it gets tapped. Invalidation: $11,500 gets flipped into support triggering a leg up to $11,800.
BYBIT:BTCUSD.PShort
by Yurlo
24
WRXBTC Exactly Elliott & Gelen Nilli Theory ( Neowave ) Abtin00Hello guys I hope had great profit last month In here we an amazing chart at start of them We have an Elliott theory of abc and 12345 or we can say its going like Gelen nili theory A - B - C We think Wave 2 of correction is finish and we are starting new rally in WRX If its coming true we can get amazing profit from 300% to 1250% from this market we expect thats Wave 3 going in 5 micro wave but it can continue this ABC wave like Diameter Dont forget your own strategy and capital management and dont forget use SL Good Luck Abtin
WLong
by Abtin00
Elliot count on XTZ Hello, traders. If we count Elliot waves in XTZ we are going to see very clear patterns of its impulsive waves and corrective waves, we believe that the XTZ corrective wave has now ended with the support test at an important support level and we may be heading towards starting another bullish movement for this asset with the waves 1 2 3 4 5. I know the chart is polluted, but we can see clear patterns in the Elliot count, so push the like button and follow us on tradingview.
Long
by MarketMinds
1
XBTUSD NEW COUNTINGHello guys The price jump was very unexpected last night Due to Elliott's structure, we expected a final correction wave But it didn't happen So what should we do now? We can count this as no correction wave because the last wave structure was not formed and only a correction for its previous upward microwave If we look at the overall surge, we can still say we're still in the third wave Although we thought we were in the fourth wave, it's not like we're still in the third wave and the fourth wave hasn't formed yet
BITMEX:XBTUSD.P
by Abtin00
GBPNZD - Clean channel, low risk/reward. Looks good.If my count is correct (12345), I believe we have a pretty clean long position here.. (Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.) Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long. About 300 pips move, if it makes it all the way! I'll be looking to exit around the median line to lock in profits.
Long
by DonjonCapital