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Day/-Swingtrade-Chance. Ride the retracement!Hey guys, the 5th Wave is complete and I`m expecting an A-B-C-Pattern which is not TOO strong since Jerome Paul said that he might be more patient by rate hike`s. Let`s see what happens. I Don`t expect a retracement which is too strong. Gold move shows dollar-weakness / should not be strong today and that is quite good for the Euro. I just edpect some profit-safes and more nice entrys to destroy the previous S/H/S-Pattern. Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need education or more signals? PM me! :-)
Short
by Trading2ez
NZD/USD I told you the level below the pitchfork. I told you the pattern. I haven't touched my paintbrush mark when I told you it might make a running flat to start the week in the weekly outlook video. I did all I could do.... At this point, my stops in profit from the tip. If it comes down and takes me out (I don't think it will), I will simply enter again. Looking for 50-62% retrace. Need 4hr to daily corrective structure to get in at this point. It will correct eventually. I like NU better than EU or the others because of the wave pattern it made and considering the other NZD pairs...
Long
by thillygoosth
USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth
USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
by thillygoosth
EURO/$(Breakdown)-Are the Impulsive downtrend waves completed?Short and simple(the graph might be harder to read as there are some elements overlapping, but I'll explain them here). By this point almost everyone knows what's going on. Just today EURO/USD hit one of the wave 5 landing zones(1.62x wave 1) around 1.1432 , and immediately bounced back. This is supported from the chart as the 100+200 week MA's, are around the same area, as well as the 0.5 Fibonacci retrace support line. Here's the catch. DXY at the same time broke-out of its yearly sealing price around 95.52-96. This is crucial as it just happened at the end of the week, and if in case the DXY closes at it's current index, this could give enough confidence and strength for the dollar to run even higher. My guess here for the DXY index would be either the 2015 highs in around the 100's or, the 2016 highs in the similar range(more leaning towards the 2015 highs). If this would be the case, I can see the EURO/USD going down eventually to 1.18 before finally correcting in an ABC matter(this is easily readable from the chart). This area perfect matches the 0.62 Fibonacci ret. zone. RSI/MACD were included in the analysis and do support the analysis, but they were excluded from the post in order to show the wave analysis. Finally considering all the recent recession talks. In my opinion, there's a high likelihood of a recession happening this fall. Then of course, all of the analysis done here, could be thrown out the window, since no one with a serious certainty can really guess the erratic behavior expected from the markets. But on this matter maybe on some other idea(please, do comment on this matter down bellow!). On a personal note, it's such a bummer that the dollar is running this high as I'm about to travel to the States the following weeks. -Happy trading folks . . . Disclaimer: //This is not a buy/sell sign, you decide what to do with your own money!// If you liked my take on EUR/USD , comment your thoughts, agree or follow for more interesting TA's, it's all very well appreciated.
Long
by step_ahead_ofthemarket
3
NZDUSD - Setting up for a move higher?Price seems to be in a consolidation after the first impulse move to the upside. We are expecting price to make another move higher should it continue to develop correctively from here. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Long
by KarYong