Continuation
ORBEX 360°:EURCAD Minor Correction Likely to Drive Prices Down!LONG short-term to complete the complex correction; 1.4700-1.4860
SHORT medium-term, where intermediate wave (3) concludes its course; 1.39120-1.3425
SHORT medium/long-term, where primary wave 3 completes its course - only valid if the primary impulse is not an A,B,C correction; 1.3625-1.3150
SHORT longer-term, where primary 5 completes the cycle degree correction; 1.29
GBPAUD - 5th Elliot WavePlease refer to text on chart.
Price is forming a nice Elliot wave pattern here, I'll do an aggressive, low risk entry. However if the trade doesn't work and get in lower. The R/R for this trade is amazing so I don't mind having to take a few tries.
** Remember, we do not predict future price. We simply react to current price movements based on our interpretations of past data.
EURUUSD: Support Firmness At 1.10 Hints to Further Upside!EURUSD could have found support at 1.10 round level!
This assumes that we are still correcting towards intermediate wave (4), and are currently completing minor wave B of the A,B,C correction. Wave B is a minute a,b,c with subminute wave (v) being a triangle. Wave C of this correction could take prices to fresh highs above 1.1181.
In case prices slide lower than the 1.094 support, this could turn out to be an impulsive move to the downside.
AUDUSD 4H AROON PULLBACKS & TREND TRADING STRATEGY#3 Aroon Pullback & Trend Trading Strategy
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
The Aroon interpretation of this type of reading suggests that we’ve been forming these higher highs for a very long period of time. For Aroon-Down we would be forming lower lows.
Often times these excessive readings on the Aroon oscillator signals the presence of a strong trend. However, if you’re looking to just scalp the market, you can exit your trade as soon as the Aroon-Up crosses below the centerline.
But, we’re looking to trade with the trend.
And, we have developed a proven way to differentiate between a pullback and a full reversal.
We call it the law of effort vs. result.
The effort is the activity measured by the Aroon lines (in our case Aroon-Up). And, the result is the activity measured by the price action. The theory is that if the Aroon-UP resets itself by moving away from the 100 readings and going to 0 readings, the price should follow the lead of the Aroon-Up reading.
We would expect the effort put to translate into lower prices. If it does not, and we see only a slight change in the price, we know the uptrend is very strong.
This is how you can catch pullbacks with Aroon and trend trading.
We combined the Aroon trend strength strategy and Aroon pullback trading strategy into one big market edge.
EURUSD 4H AROON TREND STRENGTH STRATEGY#2 Aroon Trend Strength Strategy
The underlying strength of the trend can be revealed through the Aroon lines.
After we reach the 100 level sometimes we’re starting to get periods of little changes.
The Aroon UP will simply hang, kind of like reaching a plateau.
This is the same kind of activity that can be found when a traditional oscillator reaches overbought readings. And, it stays in overbought reading for a good amount of time.
The Aroon-Up continuous reading close to the 100 level is an indication of a very strong trend. However, at some point in time one or two trade scenarios can happen:
To expect a trend reversal
Or, to expect a pullback
CADJPY - 240 Bullish continuation and BAT Pattern set upIn consolidation. Recent high has broken previous structure high at 83.238 and is in a bullish trend. On the Day chart this is the last leg of a BAT pattern looking at completion of the D point at 102.765, quite some way off. The recent reversal in the "kill-zone" box has seen continuation of the bullish trend but has yet to break the current highest point at 83.554 and close above it. This would confirm the continuation up. On the watch list for a completion of the larger BAT.
AUDJPY - 240 Bullish ContinuationBullish Trend continuation. Pullback to a double bottom and 1.272 Extension. Predicting continuation Bullish with current low at 74.608 not violated and a re-test of the high at 75.579. Target at resistance of previous structure around 76.144 and confluence with 1.272 extension taken from previous lowest swing (69.978).
AUDCAD - LONG TERM CONTINUATION - SHORT TRADEAUDCAD Multi timeframe analysis.
This is a short trade taking the WEEKLY downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - One Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
PT1/T1: Potential Target 1 is the lower ADR channel band on the Daily timeframe (Exact price level will change over time depending on how fast price reaches it)
T1/PT2: Potential Target 2 is the lower ADR channel band on the Weekly timeframe, used to build a basket of trend positions (Exact price level will change over time depending on how fast price reaches it)
If AUDCAD pushes lower like my analysis STRONGLY suggests and how Friday closing suggests; AUDCAD will could provide a good move of over 200 Pips.
CADCHF - LONG TERM CONTINUATION - SHORT TRADECADCHF Multi timeframe analysis.
This is a short trade taking the WEEKLY downtrend/RANGE as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the ABCD Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - One Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Will be adjusted if the trade is carried across weeks)
T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Four Hour (Will be adjusted if the trade is carried across weeks)
T3. Target 3 is a spike below the Weekly ADR signaling a change in bias (Used more for trend position building VS expecting the price to reach it every trade)
NZDUSD - LONG TERM CONTINUATION - SHORT TRADENZDUSD Multi timeframe analysis.
This is a short trade taking the DAILY downtrend as my bias using the Four Hour all the way down to the One Minute to pinpoint my entry.
1. Daily Downtrend Continuation
2. Price at the SHARK Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Four Hour - One Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Will be adjusted if the trade is carried across weeks)
T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Four Hour (Will be adjusted if the trade is carried across weeks)
T3. Target 3 is a 2.000 extension of the Daily trend retracement (Used more for trend position building VS expecting the price to reach it every trade)
ORBEX: EURGBP - Ready to Take Break-even Stops Lower?EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant.
Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support this outlook, otherwise, fresh lows can be expected.
Should prices move below minute a low the complex minor W,X,Y pattern could come to an end.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
NOK short continuationRejected at zone and falling.
Brokevthrough trendline. Watch area
Around emas. With macd crossdown
Could retest bottom zone. Were on a
Gap fill end and at emas. Need confirmation
Below.
Join our discord for free colaboration, Chart Breakdowns, Trade Idea Alerts, Market Chat
discord.gg
EURJPY - LONG TERM CONTINUATION - SHORT TRADEEURJPY Multi timeframe analysis.
This is a short trade taking the Weekly downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley & AB=CD Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - 1 Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
T1. Target 1 is the closest Weekly Pivot to a 38.2 retracement of the pattern setup (Can adjust if the trade is carried across weeks)
T2. Target 2 is price spiking below the highest timeframes ADR channel, in this case, the Daily
T3. Target 3 is a 1.618 extension of the Weekly trend retracement (Used more for trend position building VS expecting the price to reach it every trade)