EURJPY - 5-3 WAVE PATTERN + H&SWe can see that the pair has reached a level that had not been retested since February 2016, and upon touching it, it bounced off and broke the major upper trendline a few days later.
After the ECB meeting and Draghi's talks regarding QE we can assume some further weakening of the euro for the days to come.
We can also see that a H&S pattern formed and I would be considering a short entry after the break and close below the neckline as indicated on the chart
Trade safe and do your own due diligence before entering a trade.
Abcpattern
ARKW ETF looks like a classic ABC move to me.looks like we are at a crossroads, will it go, or will it retrace?
Which ever way it moves in the next few weeks will likely be our signal to know how to play this out for the next 3 to 12 months.
A. just keeps creeping up, nice and steady, bulls keep control and just steps its way to target.
B. retrace, build up selling pressure, then during 4th Q, the bulls will take over and push it quickly up past 37 and off to target before end of 2018.
Either way, I predict the bull market will prevail over the next 3 to 18 months.
EURCAD 5-3 WAVE PATTERN - ENTERING ON THE PULLBACKReason for short:
1) Minor Upper Trendline broken with one strong bush so (bias is still bullish but there is a small counter trend opportunity - therefore a tight stop loss since this trade carries high level of risk)
2) Pair was unable to push through a major level of structure and immediately later the trendline was broken
Target is set for 2 levels of confluence
Trade safe and do your own due diligence before entering a trade.
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BUY SET UP IN CADCHF - 4H CHARTHey guys!
Simple idea, look for a test to the trendline and fast reversal with a flag to buy will be our final confirmations for the trade (only those confirmations, nothing else!)
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Hey chicos!
Idea simple, buscamos un testeo en la tendencia y una reversión fuerte con bandera de compra para nuestra confirmación final (sólo si hace esos movimientos concretos, nada más!)
Carlos
COPPER ANALYSIS - 4H CHARTHey there!
So my mate @Joshua_nate and I have been checking on this one. We are expecting reversal soon for a C wave in Daily Timeframe. Just watch for the brakeout and then sell!
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Hola a todos,
Mi socio @Joshua_nate y yo hemos estado viendo este caso. Esperamos una reversión para realizar una onda C en temporalidad diaria. Simplemente buscad el brakeout para la venta.
Carlos
ABC FORMATION IN GBPUSD - 4H CHARTHey Folks,
Simple idea here, ABC structure possibility if market brakes the top and reverses (red). There is a chance that we brake uptrend on a new impulse. Either way I am looking for a Buy Set Up.
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Hey Amigos,
Simple idea aquí, posibilidad de una estructura ABC si testea el tope y se da la vuelta (rojo). Hay posiblidades de que arranque alcista en nuevo impulso. De cualquier forma estamos buscando confirmación de compra.
Carlos
ABC PATTERN IN EURUSD - WEEKLY CHARTHey Folks,
Thought about sharing this idea to you all of what my plans are for the following months. More upside in the EURUSD and at some point we will finally have the bearish impulse down to the 78.6-88.6 retracement area from the last rally in Monthly chart.
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Hey Chicos,
Pensé en compartir esta idea de cuál es mi planificación para los siguientes meses. Más subida en EURUSD y en algún momento tendremos el nuevo impulso bajista hasta los niveles de retroceso 78.6-88.6 del anterior rally en gráfico mensual.
Carlos
NZCAD Potential Sell Setup, wait for corrective structure.Hi Guys, All NZD pair have good sell setups forming, I'm gonna post as they develop; NZDCAD has one more down to complete abc structure then up move before major sell to downward in future because in all cad pairs, major down move is expected. Good luck
Expecting down move in EURUSDWe had a down impulse end of last year and are in a correction since this year. I’m expecting the pair to at least go down to the bottom of the channel soon. The correction might even be over, so we could as well break the channel and go below $1. Alternatively we have one more up from the bottom of the channel before we move below $1.