Correctivestructure
Monero: Clear Double Zig-Zag Corrrection Looks CompletedMonero declined from 155 to 62 and lost exactly 60%! This is interesting sign, but to be more confident, 62 is really nice psychological support because wave (I) resistance became wave (IV) support. There is one more and the most important sign! We see a clear double zig-zag correction, which means that correction could be completed and we could expect Monero back to bullish trend. Keep in mind that bulls will be confirmed, when we see a broken channel resistance line.
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EUR/USD Head and Shoulders SellEUR/USD has completed a head and shoulders pattern on the 4 hour timeframe. Main trend is currently a downtrend, therefore we are looking to sell. Furthermore EUR/USD is currently correcting and giving us an opportunity to sell. However, be carefull because there are major news releases this week. Such as NFP. Trade safe traders.
ABC PATTERN IN EURAUD - 4H CHARTHey Traders,
Just a re-analysis on this. Still looking for a sell to trade the C wave of this possible ABC pattern. Now it could start the impulse before expected (red). If you want to trade this look for a correction or a flag and sell it to the low at the end of Wave A.
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Hola Traders,
Simplemente un re-analysis en esto. Sigo buscando una venta para operar la Onda C del posible patrón ABC. Podría arrancar en impulso antes de lo previsto (rojo). Si queréis operar la venta buscad una corrección o una bandera para venderlo hasta el bajo en el final de la Onda A.
Carlos
USDCAD: Is the long term correction finally over??!I know everyone enjoyed the UCAD sell if you were on the short side! :) now is it time for more upside longterm or is this just the beginning of another bigger correction for more down?
Depending on how PA behaves we should know! Price has been pulsing up on lower TF and just completed an hourly flat pattern. I will keep this one updated as price progresses!
There is no crystal ball, how price plays out is anyone's guess. If a forecast isn't going your way and you're in the trade, always have a stop in place were you will be wrong! Never get emotionally tied to trade ideas!
It's never a good time when that happens! Always trade responsibly and professionally! Have a great week!
some previous ideas on UCAD in the related Ideas. If you have a similar view post it in the comments! Thanks for looking! :)
Ethereum Update: Still Looking For A TriangleEthereum is still sideways in a triangle corrective pattern as we mentioned in earlier updates. It's pointing up into wave D now with double zig-zag, similar as correction into wave C. Keep in mind that upside can be temporary limited arround 78,6% Fibonacci retracement and 350 level. So be aware of another decline into wave E after reached wave D!
ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
GBP/AUD Broken Corrective StructureGBP/AUD Confirmed Downside? Just Broken small corrective structure, there is small resistance where i've placed the small yellow line, if it also breaks the yellow line this would confirm the downside. Good downside potential on this setup. I see roughly 200pips worth of downside movement, if not more. Trade safe traders.
Bitcoin - Target area for wave D seen between 4,390 - 4,425My preferred count remains that a triangle is unfolding as wave 4. If this count is correct, then the ongoing wave D rally should complete in the 4,390 - 4,225 area for a final zig-zag or series of zig-zags decline(s) in wave E towards 3,655 to complete the triangle consolidation and wave 4 for a strong impulsive rally in wave 5.
In my September 14 post. I called for wave C to complete near 3,300. It did extend below that point and bottomed at 2,972, but no matter what, this should be the lowest point of the wave 4 correction as stated then.
As there seems to be a tendency for extended wave five rallies, I will be looking for an extension this time too, which could cause a rally in wave 5 all the way up to 9,150...
GBP/JPY Short Term Sell, Long Term Buy!GBP/JPY what im seeing is a short term move to the downside to test key support levels. If it rejects we could we looking at a lot of upside potential. Currently in corrective structure so this means its a good sell setup. Make sure to sell when it breaks the corrective structure. Trade safe traders.