GBPCHF - Elliott WaveABC Short. I can see 61% retracement in wave C, and it's visible on the 1-hour timeframe which is my confirmation of entry
ABC
GBPJPY - Elliott WaveABC short could go to 1.61% of A or wave 1 as it reacted of 61% Fibonacci but the target is 100% to play safe.
USDCAD - Elliott WaveABC Short, 61% retracement can be seen at the start of the entry which is my confirmation of entry. Of course no guarantee this means it's starting.
GBPCHF - top of the range for possible sellsExpecting D1 to create another wave down before further continuation up
H4 - top of the consolidation zone
H1 multiple divergences.
Looking for convergence on H1 to validate bearish pressure.
USDJPY ShortHello ladies and lads, hope u all are doing great.
Based on Elliotwave theory, we probably are right at the end of B of ABC correction pattern. But yet still we do not have a sign of a reversal at the time, but i can see there is a high chance that we see reversal signs that confirm this story for our USDJPY.
I have left the tools that i have used to find a Time and Price PRZ, the square that is RED, on the chart itself so you can hover over and see what i think is happening here.
for the last thing, it is nice to mention that DT oscillator in Daily time frame is in Over Bought situation.
I would be glad to hear your ideas on this Idea of mine. and feel free to ask your questions.
thanks for your time.
Good luck
EURAUD - long setup - intradayD1 - holding a key support zone, no signs against, bullish hidden div
H4 - bullish div, false break, trend line breakout
Expecting continuation higher as long as the key support zone holds.
USDJPY - Expecting second leg downD1 - after the bullish impulsive structure i expect to see second wave down.
H4 - assumption here is that we are inside a pullback move (the up move). Looking for signs that this move is over and then i will start scanning for possible sell entries.
$DOGE ABC correctionWe saw the huge Doge move, Elliot Wave blow off through the roof,
Next step is to find loading zone,
And we can see it appears to be at perfect ABC correction (white line), after we touch it again, get ready to form new 1st wave of Elliot action
ETHERIIUM - ABC Consolidation? 65% move coming?!Etherium just did a -61% correction to the fib 0.618 zone and bounced up 60%! Here, in the 6H, it met resistance at the lower 55EMA threshold (blue line), signaling that it will NOT make a move to break the ATH ($4.3k), before making a lower-low first.
Therefore, ETH may be in an ABC consolidation.
Look for possible support ~$2.1K. A bounce here could go as high as $3.5K (65% move). Resistance here makes sense - this is the upper 55EMA threshold (blue line).
From here, a possible drop of -68% - consolidating to $1.35k. This happens to be fib 0.786 and AND old resistance line from Jan 2018!
Wherever this bottom falls, it will be the cheapest ETH will ever be. It only goes UP from here folks!
Note: This is just an opinion. Good luck in your trades!
ETH, first week of summerWe found some resistance around the 2900 usd area which is where the 34 Daily EMA is located and also the fib level of 55% from the swing lows. I am expecting an ABC move to the upside and the area between 3500-4000 usd area.
This is just an indication, please check my other analysis below and also other crypto traders in this platform so you get a full picture of the highest probability. But remember, when many people predict the same thing and targets, this may not happen. This is the reason i go for 4000 price target and not anything below or above.
If you are wondering what my retracement levels are, please check my previous publication.
Stay safe!
GET OUT OF MARKET NOW - sell off to come lacklustre bounce
I have decided to pull out of being long for the time being - seems like too much overhead
supply and not enough legs on this bear bounce, another leg down in strong capitulation style
should clear the weak hands out before the bull run could resume....BEWARE IT COULD BE
SURPRISINGLY SHOCKING
Its done a AB but no C leg down and it will probably extend further than wave A down
Get out and collect back in on the sell off
A Beautiful Bullish DivergenceOn the 4 Hourly chart, we have created a bullish divergence on the RSI. We have had a nice ABC correction after a nice pump and I now expect us to continue pumping and break out of this falling wedge. That lower 60 cent area would have been a great entry zone for anyone new to Skale. I have a good feeling about this coin.
EURGBP - Bulls Going In!Recently we saw that this pair broke the long term descending trendline and last week we cleared the daily level. We seem to be in an ABC bullish correction.
Watch for bulls to come in and enter with stops below the ABC correction.
Goodluck and trade safe!
USDCAD Bullish idea Hello Friends,
USDCAD showing there is a pattern having its A and B leg completed, now moving for its C leg up. There is an immediate resistance at the confluence point of its channel shown in the chart of 2 hr.
What do you all think?
Thanks
🔹 Watching $MSFT Setup Setting up nicely, right here for a potential put swing position. RSI way overbought & looking at a ABC correction right here.
GOLD (XAUUSD) 30min - Zigzag up ideaI think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave.
So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of waves.
Soon i will post an higher timeframe idea of the upper cycle in wich this should be a part.
EURUSD - bullish BAT / ABC completitionLooks like an ABC is completed yet or alsmost done (the green rectangle would be the bounce area if it will continues down). Buy targets around 1.243, SL below 1.16
EURJPY: Undecided Yet !On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:
1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.
2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and thus the price would break the down trendline and when the price reaches the support have a new Long position there.
Until then, Trade Safe and Best of Luck !
BTC Traders: Fasten Your Seatbelt BTC has successfully retraced 61.8% in the corrective waves (ABC) and we can consider this phase to be done. An overview on the H4 timeframe will tell us that BTC is in its 3rd wave (bullish) and longest. Round numbers are our next targets. Will it be able to reach the 60K by the end of the week ? Supply and Demand will tell, that's why you should fasten your seatbelt as we are heading to the moon with BTC.
Best of Luck !
MacroForex
Bitcoin U.S. Dollar 2H multiweek timeframe The chart has all the information,
>careful this is a short term correcting wave, I think a reversal will manifest itself rather soon
Ciao
BITSTAMP:BTCUSD
