Get started

5thwave

GBPUSD Long short lonnnnng continuedMorning folks, as we all know football is coming home today; this is why I had to post this in the morning... (beers) last week I posted my set up (see link/page) if you had taken that trade you would now be sat with around 100+ pips profit.. not bad. My targets for the first long have been added to this update I believe 1.405 (my actual tp is 1.395/1.40) at the .618 Fibonacci this fib is drawn from point B to C as that is the last move in my prediction of an ABCDE formation before the market continues higher. All a bit boring I know.. if this target is then hit ill be updating on closing my positions and when I'm taking the shorts and my expected target for that.. It's also important to keep in mind the other fib levels seen on the set up.. I will be adjusting stops when needed. (already moved to breakeven.. ) could do higher low being set after this impulse we saw Friday. I wouldn't take the long from this position personally as the market has already moved either wait for the short or the next long remember in trading patience, doing your homework and supporting England in the Euros is the only thing that matters.. I watch the month week daily and place on either the 8/4/1hr charts. I am not a financial advisor or anything like that but I do take money from the market.... Firm handshakes. HAPPY TRADING. >:-)
Long
by RGFX_
GBPUSD Long short lonnnnngCheck it... ? current idea I am looking into, I have also taken a long up to the 1.395 area.. could have maybe taken it further but with around a 40 pip SL i'm fairly happy with this set up. looking again to short at that 1.395 area with a take around this level will post again later on to update. Then we go long looking for around 1.44/45 area. As you can see we have an ABCDE formation coming in (maybe) which will give us plenty of room either side of the market. the key here is to be unbias, patient and ready to take action.. If you look at this analysis on the daily chart you shall see my prediction for #bullish pound, a fifth extension updward.. (hopefully) I watch the month week daily and place on either the 8/4/1hr charts. I write this after a few beers and a bottle of wine (an awful lot of Greek food).. the analysis was done before that so apologies for the state of this... hope you enjoy and Firm handshakes. HAPPY TRADING. >:-) I am not a financial advisor or anything like that but i do take money from the market....
Long
by RGFX_
DJIA is my wave count correct ?There is not much to write here if My count of the Elliot waves is correct I would say that 35k up to 38k will bring solid correction. I would expect harmonic pattern of 3 correcting waves if this analyse is correct. Expecting also USD to grow stronger and BTC to go lower than current price. I have not much experience with DJIA index but after what I saw the very low GDP of most of the coutries and huge spike in prices of equites commodities I suspect that the bubble might be hiding somewhere
DJ:DJIShort
by Krystiannwk
Bitcoin Short Trade IdeaHello traders! Bitcoin is showing some weakness in bullish momentum no clear fundamental catalyst yet but some reversion in equities and dollar strength could cause a dip. I labelled the take profit levels also the invalidation level ( stop level ). I recommend placing a sell stop order at the 4hr trend line break + a few points below the last 4hr candle, or a sell limit order at the 50% retracement after the trend line break. Stop Loss and Take profit levels are labelled. Have a Nice Day! Vitez
BITSTAMP:BTCUSDShort
by Vitezabraham
1
Elliott Wave Analysis: ICXUSD Is Hunting New HighsHello Crypto traders! Today we will talk about ICON (ICXUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. Well, ICX is in a clear impulsive uptrend within a five-wave cycle from March 2020 lows and seems like the final (5) can be now in play after we noticed nice a complex W-X-Y corrective movement in wave (4) with perfect support at the former wave 4 and 1.7 level. Anyway, as you can see, ICX bounced sharply and impulsively with five waves on the intraday basis, which suggest more upside as part of a new five-wave cycle within wave (5) that can push the price even up to 4.0 area, especially if we see broken channel resistance line. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:ICXUSDLong
by ew-forecast
2
Elliott Wave Analysis: XLMUSD Can Be Finishing 5th WaveHello Crypto traders! Today we will talk about cryptocurrency Stellar(XLMUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. Well, Crypto market is in a massive rally since March 2020 lows, but we can see it nearing some interesting target levels, as we see it also approaching important period. One of them can be XLMUSD in which we are tracking the final wave 5, mainly because it's coming up out of wave 4 triangle, which actually suggest the final leg 5 before we may see bigger and deeper corrective decline. Wave 5 can be either a five-wave impulse or ending diagonal formation, so there's room for a slightly higher levels towards 0.70 - 0.80 target area, where XLM may potentially find a temporay top. What we want to say is to be careful at this stage, especially now when BTC is already at the new all-time highs and also within 5th wave, either ouf of wave 4 triangle or maybe as part of the wedge pattern. Be humble and trade smart!
BINANCE:XLMUSD
by ew-forecast
10
DOT/USDT in coming daysHi every one DOT / TETHERUS The DOT/USDT has formed a flag pattern a while ago and than it broke the pattern and started to form the Elliot wave principle (12345 impulse and ABC correction wave)and now has finished the waves So it is expected to price move upward after finishing the Elliot wave principle and also there is a ascending rectangle and a hidden bullish divergence (+HD) Which make this signal much more reliable. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
15