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EUR/CAD - TIME TO GO LONG?The pair has been in consolidation for the past 2-3 months in what seems to be a Triangle correction according to my own wave analysis. It is now reaching the bottom level of the Triangle (C) and has shown a few signs of reversal and an opportunity to go long as indicated on the chart (Hammer + Divergence). Therefore I'll be waiting for a few more confirming signs and then buy for a ride back to the top (D).
Trade safe and do your own due diligence before executing a trade.
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DigiByte Accumulation and Long callThe first quarter is promising good developments for the DigiByte devs.
A close above 30 could signal the next bull up. But if it breaks below 29 we could see 25 - 20
Could also be more sideways in accumulation.
LONG Call with above cloud. Some nice opportunities between CDENice LONG setup here. Expecting a small pullback to the green support line signalled by Stoch and soon RSI , although looking at past patterns in FCT this could well shoot up before that.
There is space here to make some profits as we climb to D with a sell and re-buy at E.
Stop-loss could be just under the green line drawn however this could be a bit tight and the lower red support line would work better.
ABCDE TRIANGLE IN USDCAD - DAILY CHARTHi people,
I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D-
If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend.
Now we have broken that channel up and it's broken the trend from -C- to -D-
I expect the market to make a flag and then I will buy the brakeout to get a nice short term buy.
However, my trade is the sell from -E- And that move can triple my account!!
Carlos
GBPCAD Triangle formation may formHi fellows, i was expecting short move on this pair. Although that move is about to complete. It seems to me that bearish move is not aggressive and may rise back to the upside again. Once price will hit the bottom i will look for long at bottom based on price action. If you are looking to buy on this pair please wait for the price to hit the bottom and look for price action before buying. No early entry please. I will try my best to update this idea on time. Thanks for your support fellows and good luck.
WAVE CORRECTION ON EURUSD - WEEKLY CHARTWE HAD A LONG DOWNTREN IMPULSE FOLLOWED BY AN ELIOTT -ABCDE- CORRECTIVE STRUCTURE ALREADY LOCATED ON THE D POINT AS YOU SEE. WE ARE GONNA WAIT FOR THE -D- POINT TO BE CONFIRMED AND START TRADING UPTREND TOWARDS TO -E- AND THEN DO A LONG TERM FOR THE NEXT DOWNTREN IMPULSE!
HOPE YOU LIKE THIS!
CARLOS