Abcpattern
USDCAD Bullish possibility
Hello ladies and lads. Hope you are well.
According to the elliotWaveStructures that we have in mind, there seems to be an opportunity for us to go long on USDCAD for days.
If the price does not fall deeper than our invalidation point (1.24027), we need to consider this possibility.
We do not have any entry signal yet, but it is good to have it on your watchlist.
Cheers.
GBPUSD. Possible Short on GBPUSD in coming hourshey, hope you are well
Based on this chart and what we can see, we are probably at the end of wave 1 structure. So, there is a high probability that we encounter a correction.
I believe if the Trigger line breaks, we can go short and reach our TPs.
Cheers.
GBPJPY BREAKDOWNOn a monthly timeframe, we are in a good trending market (Bearish). Currently in a correction phase after the long impulse move which occurred or started around 2007 and ended around 2011. We are in a beautiful ABC correction. Patiently waiting for wave C completion before looking for impulse move to the down side though continuation of the whole bearish movement. we might encounter a flat correction or a running correction but to gain confidence, wait for trend line break.
WAVE A = 3 WAVES
WAVE B = 3 WAVES
WAVE C = 5 WAVES
To enter, as a patient trader, wait or look for trend line break, a retracement of about 50% or 61.8% fibs level before entering a position.
BTC - Will Bitcoin ever find its DIP ??Hello traders,
Eiiishhh, what a crash it was on the worldwide market!!
But don't worry, we will soon see the bounce soon coming back after we finish scaring everyone.
We are entering into the strongest support zone of BTC, which is also the B of my blue ABC, that will be on its 123%/127,2%
My lowest price objective will be 28420 , which is the 161,8% of the green ABC of the blue B
**Make sure to check the entire chart in order to understand the analysis**
.
.
.
Don't hesitate to put any comment, I will be happy to answer them
SOL ab=cd#SOL/USDT
$SOL is above daily support that is the same with 0.786 fib level of weekly swing high.
🐮 if bulls success to hold this support that includes descending trend lines, we may see a big swing high that shape AB=CD pattern to $330.
🐻 break down from descending trend lines will drop price to weekly support around $41 and the bullish pattern will be invalid then.
0705 USOIL wkly plan to buy to 112-116 zone Hello traders,
Being such a long time. Hope you guys all good with novel coronavirus in the last 3 years.
I am back now!
Check with USOIL first since war between Ukraine and Russia has push all prices up, exp OIL.
This chart on 4H CHART for USOIL is telling a story that 112-116 will be the next target zone for buyers. USOIL has been running sideways since last Wed. This is a 2th ABC or Z correction. And all running above the support EMAS. It is very possible for usoil make a breakout up to test 112-113 zone first, then 116.
Plans for next week on USOIL is to find out entry confirming signal on 30m/1H chart.
Good luck to this plan to buy.
Less is more!
XAUUSD ADVANCE HARMONICS PATTERNXAUUSD has formed an advance harmonics pattern on its daily chart.
The price is trading an ABC bullish pattern on the hourly chart above the entry level 1875.670.
ABC targets projections
TP1 ABC 900.665
TP2 ABC 1910.414
GARTLEY targets projections
TP1 1918.511
TP2 1918.511
EURJPY ABC BEARISH PATTERNEURJPY has formed an abc bearish pattern on its hourly chart.
The price is trading the entry level EL 137.241
EURJPY ABC BEARISH PATTERN
PATTERNS ARE ONLY VALID WHEN
THE PRICE CLOSES ABOVE/BELOW THE ENTRY
LEVEL WITH A CONFIRMED TREND
💼EL 137.241
⚠️SL 138.006
🎯TP1 136.011
🎯TP2 134.776
🎯TP3 133.908