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Ending Diagonal

Possible ending diagonal for AUD/USDThose who are aware of wave patterns might want to find clear similarities between two encircled areas. The pattern under scrutiny is an ending diagonal which could bring AUD heavily down. Those who trade momentum indicators could turn them on and discover divergencies on 1H up to 8H. Even if the pair is eventually going up it will have to retrace some more which I want to believe will happen due to the consequences of this ending diagonal
Short
by AleksandrLombrozo
2
Gold Possibily Forming an Ending Diagonal!!Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving indication of current declines coming to an end soon.. The current price action suggest that Gold is forming an Ending Diagonal which is almost complete or might go up and come down little once more before breaking out of it.. One can take long positions Gold once the price breaks out of Ending Diagonal and keep it for long as this could be a start of another Rally going higher than 1375 and probably towards 1500. Its a very nice risk reward entry now to go long.. If it goes down further and continue declining further then my analysis might be wrong and I will not take trade as suggested above and wait for other confirmations.
FX:XAUUSDLong
by SirajHudda
NZDUSD understanding wave structure and how they behave. Hi Guys , please click on the chart tagged to see all the previous updates on this chart. I am expecting more upside to complete the 5th wave in an expanding ending diagonal ( yes one more never-ending diagonal ). If you didn't catch any of the up move don't worr, the trade you don't want to miss is the sell !! I will be posting updates as we go. Buying on pullback on 60 mins is a good idea. I will look at the this in details tomorrow. Trade with care Thank you for your support.
Long
by anilmangal
50
EURUSD Short: Second Entry for Those Who Missed It! Huge R/RFor those who missed this entry, we had a great Cypher/EW Count trade to first target here: This completes wave A of the correction. Then, wave-B has on folded into a rising wedge, typically marking the final wave in its degree series. Tight stop placed above base of wave-i-of-C. PS: This one is a little late, it ran away on me while publishing #WinningTradeProblems. I suggest waiting for a pullback and using this idea to gain some EW knowledge. Happy Trading!
Short
by glennmercer
4
EURUSD Short: EW Count Update - Cypher Complete!Hey Traders! Here is another possible short setup on EURUSD. We have a cypher complete with a possible ending diagonal setting off the drop. I like these trades because it allows us to maximize our R/R and place a tight stop. I like to keep my losses small and this is no exception. If it rallies beyond the end of the possible ending diagonal I don't want to be in the trade anymore, hence SL placement. I set two targets, one at .382 retracement and another at the confluence between .618 fib and the missed daily pivot from yesterday. Happy trading!
Short
by glennmercer
4
GOLD - Major bottom about to show up (or already done on 20July)#XAUUSD is at very important point these days. Major bottom is about to show up within couple of days or it already happened on 20July2015 at $1071 price. As this is major correction of uptrend of Gold, its most probably a triple Zigzag (WXYXZ). Wave-Z is about to end (or done at 1071). As it looks like ABC zigzag where A is 5 waves, B is 3 waves and now C looks like to make ending diagonal which is 3-3-3-3-3 pattern where first 3-3-3 are already done.
FX_IDC:XAUUSD
by Elliottician_SamRoy