Get started

Elliottwaveforecasts

GBPAUD, 4hr tf, channel elliott wave analysisHello my friends, I spotted a good setup on GBPAUD and i think it is worth to try taking it. This is a 5.5R trade setup which rarely come so we will try to capitalize it. As you can see price moving inside a parallell channel and we could try counting each movement with Elliott Wave counts. The movement respecting elliott waves count as clear as sky. We are now finishing wave-4 and could start to continue going down along with wave-5. We will use wave-1 as our invalidation because the rule of wave-4 is it will never touche wave-1 area. Sell GBPAUD 1.8190 Stop loss 1.8230 Take profit 1.7970 (5.5R) RR ratio 1 : 5.5 USe only 1-2% risk Good luck
Short
by HayatoDragonFX
4
EURCAD, 4hr tf, buy bullish flag breakoutHello my friends, Another setup for December is EURCAD pair. As you can see, it looks like a bullish flag pattern formed on this pair. Price already took down the resistance and currently retesting it as a support. We might see price rotate towards 1.5650-60 area. This bullish flag measured objective are around 270 pips. The next resistance would be at 1.5650 which where will be our take profit for this trade. If you're a fan of Elliott Wave, we could also assume this movement as Wave ABC correction in my opinion. Let's see how this turn out. Buy EURCAD 1.5510 Stop loss 1.5460 Take profit 1.5660 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPUSD🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 Cable seems to be giving us a (w-x-y) pattern for this final leg of wave (B) of (A-B-C) correction of Wave (A).. But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then bears are now preparing to get on boards for wave c. If cable continue to break and trade above 1.33217 level, then this will prove bulls still in control of wave c or wave y of c of (a-b-c) of (b) but if price trade below (1.31948 / 1.31034 ) or below 1.29737 then we might consider having completed wave b then bears on boards for wave c The structure may change at anytime, make sure you validate it and apply your risk management before placing any trades... This whole correction could be a Running Or Expanding Flat if Cable continue pushing higher💵💵💵😊💵💵💵 All the best 💵💵💵😊💵💵💵
by Ghost_Trader_SA
BTCUSD Elliott Wave Prediction - What's your count?Hello all, A long term forecast for Bitcoin going into 2021. I am counting the third wave to be in the region of 33k - 38k USD. An extended third could possibly go in higher but I won't entertain it just now as it's anyone's guess. In accordance to Elliott Wave theory, the third wave is typically the most impulsive so it is possible that we achieve this level before Q1 2021. I will provide further counts and price levels once we've successfully breached the ATH. Please follow for further updates. Do leave a comment with your price prediction. How high do you think it'll go during this run? I'm keen to hear your thoughts and as always, a like to show your support is much appreciated. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
BITSTAMP:BTCUSDLong
by BeyondEdge
1
XAUUSD Elliott Wave Prediction - Does it match your target?Hello all, A long term forecast for Gold going into 2021. I am counting the fifth wave to be in the region of 2185 - 2300 USD. Will provide detailed counts and price levels once we're into the final wave of this leg. Please follow for further updates. Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSDLong
by BeyondEdge
2
AMD 1D Elliot Wave, Equal Legs Clearly, this chart has a lot going on. Technical analysis using Elliot wave projection + bull flag + equal legs. New to using fib circle but I gave it a shot here because I like the reactions. AMD completed an ABC from September to October. A new impulse seems to be in play. Equal legs target rationale: AMD went on a 6 month run from March to September ($36-$93). Then price pulled back holding the .382 from the initial run up, forming a bull flag with declining volume. Equal legs target= $131 in 6-7 months if price remains above $73. Elliot wave rationale: We have a completed ABC flat correction from September to November. Breaking out of the downtrend with higher lows. Held .382 from the initial run up in March. Possible wave 2 in near the .764 fib retracement. Invalidated if $73 doesn’t hold. Targets are in green.
NASDAQ:AMDLong
by UnknownUnicorn10189870
XAUUSD, 4hr tf, selling pressure is stll hereHello my friends, I got into 1 more position during 30 October. I tried analyzing XAUUSD with elliott waves and found a nice setup on XAUUSD. Price now just completed wave-4 and we could see price rotate lower once again. We could set our SL at wave-1 area as invalidation level because wave-4 could never touch wave-1 area according to the rules. I took sell position at 1887 as there is also where the 50% fibonacci retacement level of wave-3. Sell XAUUSD 1887 Stop loss 1895 Take profit 1855 RR ratio 1 : 4 (4R) Use only 1-2% risk Good luck
OANDA:XAUUSDShort
by HayatoDragonFX
$EURUSD - Elliott Wave analysisHi guys! 👋🏻 🔔 EURUSD continues to move within the uptrend channel. The movement from October 15 was impulsive, therefore it makes sense to wait for a further upward movement. 🔔 At this stage, in my opinion, one should wait for the break out from the symmetrical triangle, which in turn foreshadows the end of the correction, and open a long. 🔔 If the price breaks below the lower edge of the triangle, then wait for the price to fall to the Fibo level of 0.618, which is placed at the lower border of the channel, and if the price can stay above this border - go long. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
AUDUSD, 4hr tf, descending channel Elliott Waves setupHello my friends, For today i found a good setup to trade. Please drop a like to this post and follow me for my next update. Also check my bio for a good content. Today i found that AUDUSD moving inside this downward channel and it looks like it is following the Elliott Wave theory. So we will jump into counting the wave. I am planning to sell this pair as it is now making the 4th wave ascending triangle pattern. For some people they could see this as a rising wedge. You could see that at the end of this triangle there is a horizontal resistance and descending trend line as well. Pretty much we could say 0.7150 area is a confluence of resistances. Our stop loss will be at the wave-1 area 0.7200 becase according to the elliott wave rules, wave-4 can't touch wave-1 area Touching it will invalidate our analysis and sell setup. Sell AUDUSD 0.7150 Stop loss 0.7200 Take profit 0.6980 RR ratio 1 : 4.2 Use only 1-2% risk Good luck Disclaimer : I sold AUDUSD from 0.7150
Short
by HayatoDragonFX
1
XAUUSD, 15m chart, buy on retracement of wave-4Hello my friends, It's been long since my last post. I stay away from the market the last 4 days because i got no proper setup to trade. Also there are a lot of fundamentals issue so it was quite dangerous to take a trade. For today i am gonna trade lightly with XAUSD. I got bored and try looking at lower timeframe for a trade setup. Incidentally i found an opportunity on XAUUSD. Price rally yesterday for 250 pips and today we saw a retracement. I tried counting the wave and i found that we are going to see some upside movement because we are just finished with 3rd wave. It stop exactly at 161.8% fibonacci retracement. Buy XAUUSD 1905 Stop loss 1901 Take profit 1913 RR Ratio 1 : 2 Use only 1-2% risk Good luck Disclamer : I bought XUUSD from 1905
OANDA:XAUUSDLong
by HayatoDragonFX