EURGBP - DOWNSIDE - 30 MIN CHART EURGBP - DOWNSIDE - 30 MIN CHART
Fibonacci + Smoothed Moving Averages + Respecting Negative Trend
Downside
Don't Short Euro - Upside To GoEuro is going to make one more down leg and it will see extreme volatility to the upside as Dollar is likely to see continued weakness to the downside.
Many, many of you are anticipating downside projections but something is telling me to disregard that thought.
We will go higher, and trade above 1.19202 significantly.
Ideal buy entries can be anywhere from 1.17702 to 1.17444 about a 25.8 pip range to go long.
Price should NOT go below 1.17276.
GLGT - Thoughts and Feedback are always appreciated,
Thank you
Dax ready for a longer counter moveThe Stimulus is probably not gonna be served pre-elections. The overall market sentiment is bearish from my point of view. Its very likely to count the last two waves up we've seen as finished correction pattern. Im expecting so far a continuation to to downside.
ES. Possible SELL @ 382.After completing an ABCD to the tick @ 3356 Im waiting to see what happens at the 382 at 3426 for a possible Sell signal.
A move beyond 3465 would mean we are probably heading for all time highs.
We have the election around the corner which will be interesting.
EURCAD. Wave 4 setting up for a Gartley Sell. Waiting for the EURCAD to pull back into the Sell area. This will create a great R/R trade to the downside.
GC. Sell area before a major buy zone. Gold is nearing a potential sell area to complete a Gartley pattern . This will complete the B-C of the bigger ABCD down to the low 1800s area. This area also completes the bigger ABCD pattern from the ATH back at the start of August. October is seasonally a mildly bearish month. Also a big change in trend window coming up this week.
UPDATE: S&P500 5-3-5 ZIGZAG CORRECTION (4H)Just an update to my post from Sept 30th. Based on the movements since then, and the fact that we have reached the previous high of about $3430, I no longer believe we are in a 3-3-5 Flat type correction. Instead, based on my updated count, I believe we are in a 5-3-5 Zigzag correction. So, I am still expecting downside on the larger time frame as I still believe we are on the final leg (Wave 5) of an Expanding Triangle which may terminate just above $2000. For the short term, I believe this upside move (Wave A) will terminate around $3475 and head down towards $3450 (Wave B). We should see another move upwards again terminating above or at $3475 to complete Wave C. At this point, I would start bulking up on short sells to ride the longer term downside move. If at anytime we breach the ATH, I will have to reassess.
S&P500 3-3-5 RUNNING FLAT CORRECTION (4H)I believe we are at the tail end of a 3-3-5 Running Flat correction in the S&P500 on the 4hr time frame. We have already reached the upper maximum on the Schiff scale at a price of $3385, so the downside can come at any time now. If the price tags or breaches the last local high of $3430, I will have to reassess on what kind of correction we are really in. On the larger time frame, I believe we started the 5th wave (downside) of an Expanding Triangle which started exactly 2 years ago. I believe it's possible we may reach the previous low of $2160 and may bottom out around $2100-$2000 before we continue the Grand time frame trend for upside.
Bitcoin and Ethereum Shorting OpportunityHey there,
Please like this idea and follow me to stay updated on new ideas!
Bitcoin and Ethereum are looking for more downside in my opinion.
Take care on you longs.
Too many are bullish right now and market seems to currently break critical structure,
according to my analysis atleast.
Target ranging between 10,500 and 10k
Cheers,
Konrad
Big Test of Support LevelWhilst this market has been caught in a range on the intraday charts we can see a potential momentum build up to the downside.
Price is now moving in to test the range support and with the momentum moving lower we could soon see a breakout.
If this occurs it could be a solid pair to watch for breakout trades and smaller time frame breakout and re-test trades.
USDCHF DOWNSIDEMultiple areas of support that can be found before reaching TP, however the price is holding safely below 50SMA and fibonacci. Enjoy!
EURUSD - DOWNSIDENice short opportunity today after EURUSD did not correlate with the USD downside - may correlate on the retrace.
GBPUSD - watching for breakout to downside in next hour or twoThere's a nice convergence of lines here giving the GBPUSD a good spot to break below and head downward today.
AUDCHF - SHORTwait for a break and retest of this support level before entering any SHORT positions towards the downside
IOTABTC broke triangle 🦐IOTABTC broke triangle and retested it.
The price creates another little triangle below the main structure, if the price will do downside ''breakout'' could be create another great impulse
AUD/USD - Bearish BreakoutAUD/USD - 04/05/2020
The price on daily and 4HR chart has made a clear breakout of the uptrend line. We will be looking for further downside potential after testing the key resistance level.
Follow me if you like my trading ideas.
USDCHF - BEARISHwill we get a break of this ascending trend line and a move towards the downside going into next week?
