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AB=CD

EURJPY ForecastWe have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the green Inflection zone, we will buy EURJPY Scenario B This corrective cycle ended on January 2023, and we have already started wave 3 in the primary degree. What to do in scenario B? The EURJPY will need to break the highs created on October 2022 before looking for buying opportunities in a shorter time frame cycle. In conclusion, in the short term, we do not expect that EURJPY can provide us with good trading opportunities. We will continue analysing it for you and updating you accordingly if the market structure changes Please remember to do not to risk more than 2% of your account on each trading idea
Long
by TradingtheRightSide
PYPL | Accumulation phase and bullish reversal expectedFeb 27 2023 - UTC-5 1:00 PM BULLISH INDICATOR (Feb 27) 1. The significant support channel between 66.77 and 71.86 has been tested thrice in past 9 months. 2. On Daily and 4H Chart, a Falling Wedge is spotted, which is a reversal pattern. 3. After the bottom is hit, the price stayed sideways (Accumulation phase). So after 4th testing of same support channel bullish reversal is expected. 4. From the last swing high and swing low, the price stayed between Fib level 0% and 50%. If the price will rise upward from 50% level then start of bullish trend is expected. 5. Harmonic ABCD pattern is in formation on Daily chart. Another signal for reversal. BEARISH INDICATOR (Feb 27) 1. A strong bearish rally hit the significant support channel between 66.77 and 71.86. 2. From the last swing high and swing low, the price stayed between Fib level 0% and 50%. There is a possibility the price can break downwards. 3. No divergence on RCI has been spotted yet. PREDICTIONS 1. Bullish reversal is expected but will wait to enter the Long trade after bullish reversal is confirmed when price will cross Fib level 38.20% (88.20) upwards. 2. Confirmed Long trade will happen when price will break Fib 50% level (95.34). 3. Possibility of bullish trend with trailing stop loss. 4. If the rectangular box is broken on bearish side then, short trade will be considered below price of 64.60. BIAS 1 = LONG - PLAN A (@ Pending Buy Stop around 95.34) BIAS 2 = SHORT - PLAN B, (@ Pending Sell Stop around price 64.60)
NASDAQ:PYPLLong
by haroonraees
2
EURUSD ForecsatEURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most provable at this point because wave (A) seems like a clear motive wave for us. We clearly see 5 waves forming (A). That means that, as wave 4 in green (primary degree) has to have a corrective structure, there is still another wave up missing. What to do? We currently can not look to enter the market. We should be patient and wait for the price to break the 1.1033 level before looking for short-term buying opportunities. Alternative scenario We forecast that wave 4 in the primary degree (green) is not over yet. However, until the price does not break the 1.1033 level, we cannot discard the scenario where wave 4 is already over. If this is the case, the price will resume the downtrend directly, making lower lows. Unfortunately, today we cannot give you a trade idea for the EURUSD, but we hope you understand what the asset situation of the EURUSD is. As always, we will keep you updated Please remember to do not to risk more than 2% of your account on each trading idea
by TradingtheRightSide
NASDAQ Bearish Time WindowPrice likes to move in AB=CD price structures where there is a time and price element in the pattern. The AB is equal to CD on a time and price basis the CD leg being a 100 level expansion of the AB leg. This particular price structure here on the NASDAQ has two possible AB=CD patterns in play. The blue ab=cd is what I call a hidden time window because it is much harder to see. The black AB=CD is the traditional time window and it is usually much easier to find. The bearish harmonic pattern that I have highlighted is what gives the AB=CD patterns their price structures. The BC legs are found by using the A and D swings on the harmonic pattern. Once you are able to spot a likely AB leg you can use it to anticipate price and time which is how I have defined the downside target area.
NASDAQ:IXICShort
by Divi
AUDUSD - Good ol' Head & Shoulder in the making AUDUSD has been hit pretty strong by the news that popped up an hour ago, USD getting more and more strengh as it showed more inflation than expected. Here we have a nice Head & Shoulder in the making, and price is grinding the neck line as I'm writing, I'm already in position, as I've entered a little bit before the news, my trade is at break even now so, it's a free ride If price happens to break the neck line, well then, we gonna see some blood on the chart! In addition of the H&S we have what could be an ABCD push in process as well. And finally, as you can see on the chart, we first broke the ascending trendline, then price made a flag right around the trendline, which it used to retest the trendline, then, price broke the flag, and retested it so, I'm no expert but, that's a lot of evidences going in favor of a short, I wouldn't be surprised if the neck line was broke, to see price fall to the target area at 0.675 Cheers guys and safe trading!!!
Short
by aemerydufoug
2
DXY - ABCD pushHey there! Here is the analysis concerning DXY for the following week. It looks like we've past the previous week trying to get in the rebound for what could be a continuation of the movement upward of the dollar, the C point. Last week the market was consolidating after the big push of the dollar two weeks ago. DXY is pushing strong, supported by the fresh US news that popped out last weeks, showing that the US economy is pretty resilient. Therefore, the market is anticipating the fed reaction. We're in this situation now where, Fed has been pushing rates higher for quiet a while to try to prevent inflation from devastating the economy, but, if the US datas are showing signs that the economy isn't slowing down then, the Fed might have to raise again the interest rates, or maintain them high longer then expected, pushing away the date the Fed pivot and then making the dollar still attractive compared to other currencies for which interest rates are under hte Fed's Level. From a TA point of view, we're continuing the rebound that started around the 100 level, last week we broke and retested the 102.5 level crossing and retesting the upper trendline of the descnding channel DXY was in for months. All of this is bullish signs for DXY that tend to make me say we might be into a trend reversal, at least temporarely. I'm expecting dollar strenght this week, fueled by the news. From previous news, seems like there's a divergence between the market expectation and the actual numbers, in other words, market is being very emotionnal right now. Let me explain, the Fed has done everything to counter the inflation, its strategy being to slow the economy down, in order to lower the buying power of the working class, so the prices would drop. But, if datas are showing that the economy is still strong then well, Fed, the job isn't done, so you gatta do something about it. Only 2 options really : 1) Datas show economy/inflation is slowing down => Fed will take it easy, Dollar will eventually fall 2) Datas show that economy and inflation is not slowing down => Fed will raise the interest rates higher, or keep them higher longer => Dollar will keep on rising This week, we have inflation rate US and US CPI. If CPI is better than expected then Dollar will shoot up. Inflation is different because it's a lagging indicator, so even if it's falling down now, but that the US economy is working full speed then, the working class will eventually level up to inflation, but then, the FED looses at containing inflation under or around 2% Well, we'll see, but, I'm bullish on DXY for this week, and will actively look for short on XXXUSD pairs, and for longs on USDXXX pairs, Cheers everyone and safe trading!!
ICEUS:DXYLong
by aemerydufoug
2