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Elliotwaveprojection

Canadian Dollar is strenghten agains the US Dollar!!!In this technical analysis, Canadian Dollar is more strenghten than US Dollar So, I make this analysis in Daily because it's seem a nice opportunity in short of this par for the next days. Because US Dollar is weakness than US Dollar. Also, htis par is one of the opportunity month to find down pips because I proyect a possible drop of 600 pips. Followin the elliot waves analysis, we are in the Elliot Wave #4 to find down the Elliot Wave #5. This is a huge opportunity for longer in short. That is what I explained in weekly taht the price is go down to find down the trend line of ascedent triangle that we were from 2015. But rememebr than in long-term we see a USD agains the CAD so bullish into the target at $1.64 CAD, and that mean that Canadian Dollar is continue devaluated from long-term agains the USD and that is a great opportunity if you want to put in long position when the price is leave at $!.29 CAD approximately, that is the 600 pips of bearrun that I hope.
Short
by harisonhbn9718
2
Special Analysis IN the mid-term and long-term for USD/CADHello guys, in this technical analysis I want to speak you to Monthly from Daily timeframe what I expect of this par!!! Lookin in Montly, we are in the elliot wave correction ABCDE, and that mean a possible bullish this pattern, because we are into in the ascendent triangle with expectative so bullish for long term!!! But more important is this screenshoot above, we are into the elliot wave # 4 into this elliot wave correction above up this screenshoot This mean that USD/CAD it's can going to reach the $1.64 CAD, and now look in the past time how Canadian Dollar is going to devaluate agains the U.S. Dollar, that is horrible, and also there are a bad news for Canada that the country it's going to comming on a considerable cases of covid-19 and the situation of Canadian petroleum that I see in this country a strong reccesion for the CAD currency. In weekly as you see in the monthly timeframe, we are complete the elliot wave correction D to find down the elliot wave correction E, and alter the USD to the moon against of CAD. But now the situation in weekly is that we are in the another into elliot wave that we are in the elliot wave 4 with chartist pattern called a bearish rising wedge. And also, I mark this elliot wave of this form because is the model of the possible drop in finished to find down the elliot wave E in monthly. And that support line is the base that form the ascendent triangle that you can see in monthly And finally, to conclude in Daily timeframe, we are in this rising wedge mentioned above, this is so bearish pattern with a possible drop of 5% if you put in long in the elliot wave E, we can to find up sell off of this par, So, also, this par is so interesting in this timeframe to put in short position. But, if you trade in H4 or H1 timeframe, we can see a possible up of the price until to find up the elliot wave E into this bearish rising wedge that I show you. And copying the Elliot waves Fibonacci, you can to see the same question of Weekly timeframe, because we are into the elliot wave correction. And guys, if you like my idea and aport you a help of then. So, consider this technical analysis for mid-term and long-term situation. Now in conclusion, in mid-term we can to expect that the price is reach the $1.30 CAD and this zone, it's the elliot wave E to put with hope the price action in weekly to put in long in the good zone to buy, but only we need to be patient and take a lot discipline, becuase I see in long term this par so bullish reaching above $1.60 CAD about all Canadian issues in the government, currency, petroleum and bad news for the Canada economy. This is not my techncal analysis, but I put in tutorial as teach you how you need to operate of this par, and it's important to know you this information for mid-term and long-term. Now, don't missing my part II of this analysis in H4 in minutes that I will going to make now.
Education
by harisonhbn9718
GOLD (XAU/USD) SELL SIGNALHey tradomaniacs, welcome to another free trade-plan . This is my personal view on gold and my trading-plans for the future. Overall I expect gold to retrace one more time in order to complete the current consolidation before it heads up to 1.800 as my mid-term-target. Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Market Sell: 1720,00 Stop-Loss: 1735,00 Target 1: 1707,50 Target 2: 1695,00 Target 3: 1675,40 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
FOREXCOM:XAUUSDShort
by Trading2ez
1
S&P 500 To Extend Lower After Short-term PullbackThe sharp decline in S&P 500 from its February 2020 high can be seen as an incomplete five-wave Elliot Wave impulse structure. The price breakout of the short-term trendline in wave (i), followed by a sharp corrective pullback in wave (ii) that retested the broken trendline. A sharp sell-off followed the retest and extends to 1.618 x wave (i), a common termination point for wave (iii) which is usually the longest wave among wave (i), (ii) and (v). Wave (iii) decline breaks a mid-term ascending trendline and weekly S/R level. In order to complete the impulse structure, A corrective rally should take place in wave (iv), which would most likely retest the mid-term trendline that lined up with supply zone, and 38.2 Fibonacci ratio Once wave correction is completed, we should see a last downward move to complete the five-wave impulse pattern. What's your thought on S&P 500? Do you think it has find the bottom?
SP:SPXShort
by Veejahbee
2
GBPUSD, end of bearish moment As shown on the chart analysis, GBPusd the upside is still very much possible for the pair due to some reasons : 1. A clearly and vividly counted 5 impulse wave 2. followed by a big time correction of zigzag ( wxy) 3. The corrective structure has broken the 61.8 fib level. Therefore we must be expecting a resumption of the upside trend soon so far the invalidation level is not broken which is the September 2019 low. Feel free to write in the comments all your questions, queries and any instrument you want me to analyze . Kindly push the like button if you think the idea is useful - that would be the best THANK YOU. Thank you.
Long
by ABDOLLAR_FX
2
Bitcion Cash is Showing a Pattern That Could Lead to a Bull RunThe rally that started in December 2019 breakout descending wedge, resistance level and can be seen as a five-wave impulse pattern. Once a five-wave impulse is completed, a three-wave pullback follows according to Elliot Wave theory. In BCHUSD's case, the decline from February high to current low can be seen as a simple a-b-c zigzag/flag pattern. Wave c of the zigzag equals a, and the correction retraced 50-61.8% of the advance while retesting a broken S/R level that lined up with moving averages. If this count is correct + other technical confluence, the price has the potential to move higher in wave (ii). Target above February high is plausible, given that wave (iii) usually move 1.618x wave (i). What's your thought on Bitcoin Cash?
COINBASE:BCHUSDLong
by Veejahbee
4
How Far Will the Prices of Gold Fall, $1000/oz? Gold’s reputation as a safe haven in times of financial turmoil was tarnished on Friday as the growing panic about the spread of coronavirus infections outside China saw the precious metal suffer one of its worst one-day drops on record. While the coronavirus is the major headline for the shock and awe in gold, the chart has already presented a pattern that suggests a possible sell-off. And last week's decline could be the beginning of a massive sell-off according to Elliot Wave Principle. Elliot Wave Analysis The decline from $1920.10/oz in September 2011 to as low as $1044.92/oz in November 2015 can be seen as a complete impulse pattern. The five waves are labeled 1-2-3-4-5, where wave 4 unfolded as a triangle and wave 5 in an ending diagonal. The recovery from $1044/oz in 2015 to as high as $1688.72 an ounce in February 2020 looks like a simple A-B-C zigzag correction with a running flat wave B. According to the Elliott Wave theory, impulses point in the direction of the larger trend. Once the corresponding three-wave retracement is over, the trend resumes. In Gold's case, we have an impulse to the south followed by a correction. If this count is correct, there is a complete bearish 5-3 wave cycle. Verdict This means that instead of joining the bulls now, investors should remain cautious. The anticipated decline has the potential to drag Gold below wave (A) low around $1044 an ounce. With the yellow metal currently trading at $1585.40/oz, this translates into a 33% slump, maybe more. Note This is a longterm view on Gold. It takes wave (A) around 5 years to complete the bearish impulse, so we could anticipate this move to unfold in the next 3-5 years. What's your thought on Gold? Can we see $1000 again?
FX_IDC:XAUUSDShort
by Veejahbee
10