Abcpattern
GBPUSD ABC patternThe GBPUSD looks to be completing an ABC pattern . At around 1.283 we have the AB=CD level where we are expecting to see some signs of supply entering the market. If prices break and close strongly above 1.283 we will be looking towards 1.300 zone which represents the 1.27 AB=CD.
Expecting the market to wave upwards so as long as prices remain above 1.2400 , we will be looking for buy signals on pull backs until we arrive at the 1.277-1.283 zone.
Short DAX opportunityDax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant/flag in the 5m TF, which could send DAX to 12,060 before it begins to drop.
Entry: 12,060
SL: 12,123
TP: 11,780
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RRR: 5.18
Trade with care.
BREAKOUT IN EURCAD - 1H CHARTHey Traders,
Hope you had a great weekend. We have an opportunity to sell soon in EURCAD.
As soon as we get the breakout look for any flag to sell for a pontential bearish impulse.
Keep an eye on it.
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Hey Traders,
Espero que hayáis tenido un buen fin de semana. Pronto tenemos una gran oportunidad de venta en EURCAD.
Así como se produzca la ruptura de la tendencia buscad cualquier bandera de venta para entrar en un impulso bajista potencial.
Id echándole un ojo.
ABC STRUCTURE IN GBPAUD - 4H CHARTHey Traders,
I wanted to share my view on GBPAUD.
We are about to end B wave so I am looking for a mid term trade from the end of B to the end of C wave.
More than 1000 pips! Will be posting updates.
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Hola Traders,
Quería compartir mi visión en GBPAUD.
Estamos a punto de terminar la onda B y mi objetivo es hacer un trade desde el final de esta hasta el final de la onda C.
Más de 1000 pips! Ire publicando actualizaciones.
FINAL ANALYSIS IN EURUSD - 4H CHARTHey Traders,
Just wanted to share what I think is my final analysis on EURUSD.
2 chances
Red: More upside and then complete the 3 wave correction in a sharp shape
Blue: One more down before the C wave.
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Hey Traders,
Solo quería compartir el que pienso será mi análisis final en EURUSD.
2 posibilidades:
Rojo: Continuación al alza para terminar la correción de tres movimientos de manera afilada.
Azul: Un movimiento más hacia abajo antes del tercer movimiento de correción C.
SHORT SET UP IN EURUSD - 1H CHARTHey Guys,
Simple idea. ABC structure finished so look for a flag to sell and get in the trade.
The flag we are looking for is simulated by the red arrow.
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Hey Chicos,
Idea simple. Estructura ABC completa así que buscad una bandera para vender y entrar en el trade.
La bandera que buscamos está representada por la flecha roja.
Carlos
P.D. A los de iMarkets. Mañana webinar a las 4 PM España - 10 AM Nueva York. Hasta mañana!
AUD Potential Swing Trade Short Opportunity. Looking to possibly setup a Short On this swing trade idea. This pair has been widely ranging for quite some time. DXY is the adjacent chart that can be used to reference possible movements for this pair. We observed a ABC Formation- Expecting a Double Top at the top around the ranging field. 0.75195
I am observing a rejection. But we still do believe that price action will raise this price a little more. So stay tuned on this up and coming short opportunity.
BTC: PERFECT B REACHED, GOING TO C.
After seeing so many patterns, charts, own mistakes in the counts, the only thing I really realized is that the whole life of the BTC formed a Cup & Handle pattern, perfect.Seldom seen.
In the middle of consolidation, we now turn to C (corrective wave) and last within the handle.
And this is where almost all traders have the doubt about the time and value that will take before the expected PUMP.
I have two scenarios in mind, in addition to when the BTC goes to C it will retest many areas (fib levs) example the 900 area and pullbacks.
C1: 650/750
C2: 450/550 (for me most likely) 450/550? yes
Suggestions, advice, etc. are more than welcome.
Thanks for the likes, the followers.
You probably can not predict the future, but can design to benefit from the most likely events, minimizing the risks
ABC PATTERN IN GBPUSD - 1HHey guys,
I have been posting charts on this pair but this is the last one I will post for Buys.
We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC.
I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade the move up, hopefully another sharp impulse.
If it makes a sharp impulse until 1.2839 we will complete the H4 three wave structure and I will start looking for sells.
Carlos
Gold Ends the Week touching the 1221 Resistance LevelGold rose higher today after shaking off a selling spree after the NFP numbers were released. Prices fell right to the 6 day moving average before buyers stepped in and gold prices rallied. Prices continued to move higher right up to the closing bell and the action stopped @ 1221.6. Let's see what happens next week but if price can finally break through the 1221 and close above it (yes, I know, I've said that before :) ), the first target would be 1241, the .618 fib extension of the (A) wave. However, if this is truely going to be an ABC pattern, then price will hit 1278.6, the full 1.0 measured move.
Here's the simplified Heikin-Ashi chart. Although we are in a solid green uptrend, today's candle was an inside candle which suggests that it might take price a couple more days to blast through the resistance.
Here's the weekly chart. Notice that price on the weekly is now right at the midline of the BB. That's equal to a 20 day ma. If price moves above here, the odds are good that it will move to at least the blue BB at 1284.
The final chart I want to look at is a monthly Heikin-Ashi chart. January ended as a red inside bar and so far, the February action has been all green. If price continues to rise, February could be a great month for the bulls.
Have a great weekend!
RED VS BLUE EURUSD H4FIRST AND FOREMOST... BOTH red and blue are A B C corrections. Red is the LONG Version and BLUE the short..
"IF" the market turns now... and Wave A completes here, we will be on the blue path. It would still meet the guidelines of closing within the "area" of 4. "IF NOT" and prices goes to the long red A then that too meets the guidelines of closing within the 'area' of 4.
Every thing after that is what I suspect will happen correction wise after the main conflict of Red vs. Blue is over.
IN EITHER CASE, I made this chart as a CORRECTION to my "Follow the yellow brick road" chart.
BTC continues to consolidate, on the way to a perfect call!!!
Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C.
All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%) ideal for getting long or how other traders wait for it to break the neckline of the cup.
I apologize for the comings and goings of the charts, but welcome to Bitcoin.
The only thing certain is that the whole life of the BTC formed a perfect cup and handle pattern, a perfect retracement, an increase in volume in the perfect handle and now what would be missing is most important to identify C to get LONG.
100% TA
0% FA on this chart
Good trading, good profit for all!
BTC it´s going to B targetThis is a zoom of the handle and its possible and total consolidation phase before the breakout.
At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal time to get LONG to wave 3.
Many traders get long once the price makes the breakout on the neckline. That remains in everyone and the risk they want to run.
In short, my humble opinion is that the whole life of the BTC has formed a perfect cup, the retracement that began to form the handle was exactly -0.33%, the volume grew significantly in the handle (as they say the books)
What will now be what the destinations will be and in what time will, B and C and form the break to reach the final target (3)
Thanks to the followers and likes
Nice trading, good profit!