EurCad wave 5 of Elliot wave + Bearish Cypher Looking bullish now to start the 5 wave, with targets at or near cypher pattern area.
5thwave
GBP/USD -Why you don't need the newsbrexit whay? Don't get caught in a pickle. Use SL and be responsible. These events are when accounts get blown, or doubled. Pick the right side!
ENDING DIAGONAL IN AUDUSD - 4H CHARTHey guys,
Here's a perfect chance to make some pips on a short position.
5th wave extension turned into an ending diagonal.
I expect one more move up at least in the structure and then a brakeout downtrend until the support level aligned with the end of 4th wave.
Carlos
GBPUSD Bearish Cypher + 5th Wave ExtensionLooking for the GBPUSD to make a reversal here. A perfect Cypher wouldve been at the 78fib, but the Order Block is up here. Looking for a 5min ICT reversal pattern
USDZAR SHORT (TARGETS 13.00)Fundamentally Bearish ZAR, Bullish USD (see realted idea )
However, we have a rencent lower low and what looks to be a USD bearish 5th wave.
Therefore, its a 13.81 sell for
- TP1 13.40
- TP2 13.25
- TP3 13.00
3x reversal above 14.10 forbreakeven and profits into 14.30
EURUSD possible Elliot 5th wave completeIt appears that an elliot 5th wave is complete at the .618 Fibonacci retracement measured from the June 23rd high and extreme low. Looking at a correction to 1.113 which is the .618 retracement of the 5 wave high and low.
Once again all critiques and comments welcome
Bud
GBPUSD Possible short- Wave 1 finished -
- Wave 2 in the making - ''correction''
- Looks like- A wave pullback in a bigger ABC correction
- Possible short term '' sell'' down to fib level.
- Then turn to complete the B wave
Possible 5th wave on EGHere is a possible 5th wave setup on EURGBP on the Daily timeframe, also my fundamental indicators says that EUR is stronger than GBP so I can hope for higher rates in this asset.
*Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
NZDUSD LONG OPPORTUNITYNZDUSD is making an ABC correction on 1H chart, you can buy the bounce off the trendline+0.382 fibonacci which would be a nice confluence or for a more conservative entry wait for the breakout of the trendline before buying.1st target would be 1.27 extension and 2nd target 1.618 fib extension.
NZDUSD in start of wave 5?this could be start of wave 5th on daily timeframe. for participations, need to go down to 1 h timeframe for short entry
UNITED SPIRITS (MCDOWELL-N) - INVEST BETWEEN 2220 -1980 SL. 16885th wave pending. UNITED SPIRITS (MCDOWELL-N) - INVEST BETWEEN 2220 -1980
SL. 1688
EURUSD 5th Wave BuyFairly self explanatory. 5th wave projection lies on the 50% retracement of the1.1460-1.1235 downswing
USDZAR 5th wavePrevious 4th wave double topped at 14.29
As per original setup sell 15.10
TP 14.15 (4:1 reward:risk) has been adjusted to TP 14.1875 (3.5:1 reward:risk)
Trailing stop currently 14.90
short oil 5th wave startedFrom the chart it is clear that we going down in impulsive move, currently oil started the 5th wave down perfectly finished 4th wave at 61.8% i personally expect sub 25$ and even 20$
GBPUSD ANALYSIS Expecting a reversal for the Pound to the upside in the near future. However at this moment I am inclined to sell as for all the indicators (structure resistance and moving average resistances). Without resisting current price developments to the downside; I will observe this subwave count to progress in its final wave v, before we resume trending with the bullish sentiment. The termination of the subwaves, larger correction WXY, bearish wolfe wave 5, and the projected leg of zig zag clone (ABCD harmonic pattern) appears to occur at 1.410 which means a double bottom before a bull take-over is likely.
DAX SHORT (2)Hi all,
My previous publication suggested that price last week would reach out to the 0.786 retracement for a harmonic completion before resuming the last impulse wave of the superceding structure. It hasn't quite done so (yet). However on the likely that this bullish correction is over and that we won't see higher prices in the near future, I will anticipate short opportunities now before it's too late.
Following last week's price breach of the ascending trendline (ABC) indicating a 'possible' termination of bullish correction, we saw a strong pull back into an area from which we can infer offers a valid bearish head and shoulder pattern. Concurrently this price area is also a potential reversal zone as per the gartley harmonic completion (purple) at the .78 retracement. From a larger perspective, price has finally found resistance from the .38 fib retracement after an exhausting wave 3 bearish rally. So it wouldn't be unfair to assume that the bears will look to take this one home by completing the wave structure.
Otherwise, if the market pushes price above the 27th high then we could expect bears to take charge proceeding the cypher harmonic completion and wolfe wave completion.
Regards
Laurence
CRUDE OIL ending diagonalCRUDE OIL seems to developing 5th wave as ending diagonal. Expecting to see price move first to 35-36 area, where it will go down to 20
USDJPY Drops Into Support Zone - 121.49 Key LevelToday's drop penetrates deep enough into a support zone to consider the risk to reward ratio of a long position. The long position would be based on the current drop being wave iv and that means a wave v higher may begin soon. This pattern is valid so long as prices are above 121.49.
First target would be 124 and a secondary target up near 125.35.
Below 121.49 is significant and seals the Oct 15 to Nov 18 up move as a 3 wave move and a more significant top is in place.
Keep abreast of real time news in USDJPY.
