AUDUSD: ABC Pattern in developing?Technically speaking, the AUDUSD pair is very attractive in short term. If we look at 30' chart, it seems that another bearish leg is still in play and could trigger something like ABC Pattern.
Elliottwaveprojection
GBPUSD: Pullback in short term?The main trend remains bullish but in short term a corrective structure is possible to appear on hourly chart (ABC Pattern). If this analysis is correct, a bullish consolidation is still possible, but if this happens it should be considered part of a corrective structure.
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
Cheers!
USDCAD: Mid Term Technical AnalysisOn daily chart is visible the reason why we took a long position at 1.3327 (see setup below), but the most important thing is to see how the channel is the Price Action main driver!
On a bullish side, Price action is developing something like ABCDE Pattern, not confirmed yet, it has our setup level (1.3327) as support. As shown on daily chart, when the rally is over, the Price Action will trigger an interesting corrective structure (pullback or bearish reversal) in short term (maybe visible on only small time frame).
OUR STRATEGY FOR NEXT WEEK
Use intraday time frame (preferably 1H) for area resistance detection.
Find support levels after correction structure.
Follow the short term development, click on chart below.
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
Cheers!
AUDNZD: Short Term Technical AnalysisThe trend is bullish but in short term some corrective structure is possible, having said that, from a technical point of view, the rally triggered on hourly chart should continue after the pullback completing the impulsive structure (1-2-3-4-5).
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
BCHUSD | Wave projection | Doubled Bull Flag Move +50%Wave Analysis with price and chart pattern
> A possible ABC motive wave bullish scenario with a doubled bull flag pattern support, the price currently within the second bull flag local pattern.
> This doubled bull flag is forming a major inverted head & shoulders reversal pattern.
> Medium term target @ upper rising channel resistance for bull flag pattern + 50% upside
> Pullback Entry at the rising channel support liquidity swing zone with potential false breakdown area.
Always trade with affordable risk and respect your stoploss!
Good Luck
Bull dead for the momentWaiting for a further downwards developement.
Assuming that the Ending diagonal is in play.
Need a motive wave to confirm that something has ended.
Motive is needed to confirm that something is beggining as well.
Waiting for a reaction before this rockets.Elliot wave double sideways combo or expanded flat in play
The Y wave can develop as a zig zag (5 /3 /5) move.
Alternatively it can develop as an impulse. Currently it looks like a zig zag since wave A was gigantic drop.
Waiting for a reaction in the green demand zone.
Will be watching for divergences on oscilators.
This is a discount in my opinion.
Long term HOLD of this asset.
USDCAD: Sell the rally in short term?We already used this pair for some trades last week (see chart below), but from my point of view, it still remains interesting in the short term.
From a technical point of view, FX:USDCAD pair is developing something of an impulse structure (12345) on hourly chart, and my idea is to try to take a short position on the last impulsive wave (5) with a first target area around 1.3526.
OUR LAST SETUP
(Click & Play on chart below)
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
Cheers!
EURUSD: Consolidation in short term?Last week we already gave the signal to sell from Top, so today we will only follow some short-term updates. Well, technically speaking, the main trend (daily chart) is bullish, but if we look at the hourly chart, some bearish consolidation is still possible. That said, in the updates that follow below, we'll be looking for some interesting technical levels.
TOP REVERSAL AREA
(Click & Paly on chart below)
FUNDAMENTAL ANALYSIS
(Click & Paly on chart below)
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
Cheers!
SINGER | Wave Projection | Major 4-Wave Triangle - MACD GoldenXThe price is currently trading just below 200SMMA as the key resistance under the assumption that its major 4-wave triangle breakout could be possible with double bottom pattern and MACD golden cross.
This bullish scenario has the downside is -8% and the upside is +10 - 20% with RRR: 1.5-2:1.
Bitcoin Wyckoff and Elliott WaveThis is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be complete, but a breakout above wave (b) is required to add confidence to that count. Further breakdown has a target of the daily pivot. If the count is correct, then wave ((iii)) of 3 has a minimum expected target of $42350 from here. The Daily RSI is printing hidden bullish divergence at the moment, but we need confirmation that it is complete. The daily Stoch RSI has reset into oversold, so a breakout of oversold would add more support to the idea that wave ((ii)) is complete. We can also note the red parabola. While price remains above that curved line we should continue to expect higher, overall, rather than a larger pullback.
Let's see if we can get that rally from somewhere around this area.
BTCUSD | Wave Projection 123 | Classic Reversal Move CUP&HOLDERBTC classic reversal move > Inverted head & shoulders turning into cup&holders
Target cup&holder at the same level of previous mega falling wedge
Possible a bull flag move forming holder pattern at 0.5 fibo retracement zone
SHORT ENTRY NOW! and Long at bull flag confirmation pattern breakout TP +70%
GBPJPY: Short Term Resistance AreaFrom a technical point of view, GBP/JPY pair has reached an important resistance area, that said, if the pair triggers a bearish leg, something like a ABC Pattern may appear. Above 167.40 the rally will continue 170 direction..
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
TIDLOR | Wave Analysis | Falling Wedge Breakout-Bull DivergencePrice action and chart pattern trading:
> A possible ABC correction - C-wave trend reversal in progress
> Falling wedge local trend breakout EMA20D resistance making an inverse head & shoulders pattern.
> TP1 @ SMMA50 as key dynamic resistance and TP2 @SMMA200 with +20%++ upside
> Entry @ Neckline breakout with Stoploss @ H&S head position -8%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss!
USCAD: Rebound in short term?The main trend is bearish, but in the short term we cannot rule out some corrective (bullish) structure. That being said FX:USDCAD pair might find support area around 1.3320, from here technical rebound is possible.
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
Retrace to be shortedNo matter what. I am seeing a motive wave downwards which could become a larger structure impulse.
Just an update on previous BTC idea that followed up nicely.
5 completed waves in Elliottwave theory means that something begins and that something ends. In this case, i think that something is only beggining towards the lower prices
Short time bullish on dollar.I still didnt see a proper retracement of USD...
On the chart i pointed out with Elliott wave a possible roadmap of dollar movement which might influence crypto space to go into a retracement.
Weekly bullish divergence is also formed on the RSI. Macd ema cross not yet confirmed.
GBPJPY: Medium Term AnalysisA few hours ago we published the same analysis, but looking at the short term. Now let's try to follow the pair in medium term. Having said that, the key resistance is around 167.90, as long as the price stays below it, the trend is bearish, And we don't rule out a deep correction structure.
Our previous analysis
(Click & Play on chart below)
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
MATICUSDT | Wave Projection | 4-Wave Correction - Subwave B?Price action and chart pattern trading setup
TFD - Elliott wave analysis
> A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario.
> Entry @ breakout triangle after downtrend subwave c completely retraced
> Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1 extension + 30-40%
> Risk reward ratio could be 3:1
Indicator: RSI bullish momentum
Always trade with affordable risk and respect your stoploss
count for CHZUSDTcurrently, CHZ is still in a prolonged correction and is still missing a wave to complete it's correction.
one more drop IMO.
overall all count is still bullish, still a strong uptrend based on HTF. wave 1,2 and 3 is already complete IMO.
EURUSD: Sell the rally for a pullback?As we said in the analysis about Dollar Index ( TVC:DXY ), some corrective structure is possible in the near term. At the moment I don't have a target on the $EURSD pair, so we could use the one shown in the Dollar Index analysis.
DOLLAR INDEX ANALYSIS
(Click & Play on chart below)
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
XAUUSD ShortHello Traders!
As you can see from the price action, XAUUSD is in sell mode as of now.
Currently we are in 5 wave impulse down with a target of 1971.
APEUSDT | Wave Projection Leading Diagonal Wave 5 BreakoutWave projection with price action and chart pattern analysis
Ape price recently breakout MA20 and squeezed under MA200 - MA20 about to golden cross MA200
If breakout MA200 successfully, a possible ABC pattern uptrend about to into an explosive leading diagonal wave 5 targeting 1 - 1.618 extension of wave 3
When a deep consolidation in wave 4 happening almost at the end of wave 2 level- a potential strong impulse leading wave 5 likely to occur.
TP1 + 60%, TP2 +100%
Indicator: MACD bullish signal - golden cross above 0 line
