USD/CHF projected price pathThis just seems how all the fibs are measuring out wave wise. Watch that 99000 level.
Fibretracement
GBPJPY LONG POSITION AFTER 23% LEVEL TESTGBPJPY Long structure setup coming off of a Elliot Wave. A brief dive to 141.100 level before a retracement to 38% then 50% level on the 1 week chart. Nothing out of the ordinary. Buy on GBPJPY.
GBPCHF ELLIOT WAVE AND LONG RETRACEMENT TOWARD DAILY 61% LEVELGBPCHF is coming off of an Elliot Wave and consolidating with slow upward trend toward the 61% level just passing the 50% level. Long term 23% levels will be attained on the monthly chart within the next year or two. Buy market execution on the GBPCHF.
GBPUAUD CLASSIC SETUP FOR LONG TOWARDS 50% DAILLY FIB LEVELThe GBPAUD chart is in a classic long structure with tested levels and currently consolidating at the 38% daily level. 50% level should be reached in the upcoming months when the RSI has reached oversold levels. Buy towards the 50% daily level shown.
EURAUD TESTED A PREVIOUS RESISTANCE AND FAILED TOWARD SHORT 61% EUDAUD has broken its upward trend which is a complete 100% retrace from the 2015 plunge. After the previous test on the 50% weekly fib retracement level and fail it is now headed back toward a downward trend a "long" short toward the daily 61% level and beyond. A sell is seen here.
CADJPY LONG POSITION TOWARD 50% THEN 61% FIB LEVELSThe CADJPY is another pair that is telling on the monthly, weekly and daily charts. The emphasis here is on the daily chart just passing the 38% fib level and now towards the 50% then onto the 61% levels as stated above. Buy all the way.
AUDNZD LONG POSITION w/ CONSOLIDATION @ MAJOR FIB LEVELS (below)The Kiwi has always been a volatile currency but loyal at the same time. Several fib retracment charts were plotted to see the exact position and movement. On the month chart the AUDNZD is coming off a 3 yr downward trend to consolidate over the last 3 yrs at the 38% level. On the weekly chart the consolidation is clearly seen. But it is at the daily chart where it has tested a previous key level enough times for a reversal toward the 23%, 38%, 50%, ad ultimately toward the 61% level. Long position is recommended.
EURCHF LONG MOVE TOWARD 38.2% FIB LEVELThe EuroFranc is in a similar structure as a few of Franc pairs. A sharp dive around 2015 has created a correction upward trend toward it's previous fib levels. This pair in particular is no different, and being such a viable pair it will continue to meet those expected levels. A buy toward these areas is recommended.
CADCHF CLIMB TOAWRDS 61.8% FIB RETRACEMENT LEVELThe CaddieFranc is still recovering from a sharp nosedive on New Year's 2015 already retracing to the 61.8% level and falling back down toward around 40% fib levels. The pair is expected to continue to regain strength and climb back up to the 61.8% level and ultimately onto the 80-90% level, where it once was before the dive. Expect a slow consolidated/upward climb in the next few months.
AUDCHF LONG POSITION COMING OUT OF A 3 YR CONSOLIDATIONThe Australian dollar vs the Swiss Franc are 2 slow moving yet volatile spiking currencies. Paired together they have an uncommonly smooth price movement, however the pair has been stuck in a 3 yr consolidation structure with a slow upward trend toward the monthly 38% level. Though a small move, a sure one up to around the 80 price level.
EOS LONG POSITION TO 50% FIB RETRACEMENT LEVELThe crypto community is on a much needed bull surge towards 50% fib retracement levels. As a useful and usually accurate tool, these levels are supported by key price levels at previous tested levels. Given all of these considerations, a long run is expected to the 50% level, as stated above, with a solid 33% pip gain during this time.
BITCOIN LONG RUN TOWARD $89007500 is a very important support level for Bitcoin. Before the collaspe/downward trend of 2018, this level has been tested before and should have been noted in Nov 2017. However, since the advent of futures, the stock markets have taken hold of the levels of the crypto as it did with all and the fib levels are being met; as expected. An important resistance level at 8900 will be the deciding factor of the much anticipated correction toward 5 figures. Until then this area can be expected for a long position.
EURUSD CORRECTION & CONTINUATION LONG POSITIONThe EURUSD is on a 10 year downward trend from the Global Recession back in '08. Coming down from a all time high of 1.60 to its level currently at 1.23-1.25. The fib levels have all been met with resistance all the way down as expected and now is climbing again from a brief consolidation at the 61.8% level. A brief climb to 1.25 is expected at the 38% then will continue to the 50% level of 1.31. Key support and resistance zones are to be noted at 123 & 126.8 (respectively). Look for a strong 1200+ pip gain to meet the TP3 level of 135.5 around December 2018. Conservative TP levels top out around 1.31.
GBPUSD BULLISH TREND TOWARD 50% FIB RETRACE LEVELEver since "BREXIT" the GBPUSD struggled to maintain stability within its own economy but managed to outperform neighboring currencies. Given these circumstances and a restabilization within the economy a long term bull run is expected for months to come toward the 50% level from the "BREXIT" dive. Entry point at Market anytime before the 37% retracement level and TP at around the 50% level as shown producing around 500+ pips!
7750-7600 Levels Looking Prominent for a ReversalA reversal for the wave (2) correction could happen inside the indicated area in a bullish case. The trend-line and fib levels are labeled on the chart.
The possible bearish scenario would be if BTC retraces 100% of wave (1), going below the 7240 level. Even more bearish if BTC falls below the wave ((1)) low.
Keep in mind that any other scenario not mentioned could also take place.
USDCAD Trade Update1 Lot Profit taken off of USDCAD LONG from March 12th @ 1.28385 and closed @ 1.30944 for a +255.9 pip gain. Not a bad haul. Still in with 1 LOT and monitoring price action, which has hit resistance at 1.31 mark corresponding with the 61.8% retracement off of the May 2017 high. Price did breach the most recent Weekly Supply area and I'll be watching how it performs if/when it re-enters here. Trailing stop 50 pips from price. RSI, MACD, and DMI are all printing divergence. I'm anticipating a brief retracement followed by a last Bull push taking out stop order above 1.31, followed by a legitimate correction.
CLOAK/BTC Triple bottom & following BTC + Binance Listing soon!Hey all,
CLOAK might be a good one to watch while BTC -0.34% is on it's way up. It is closely following BTC/USD movements currently so could be some nice gains here. Not to mention the rumours of it being listed on Binance this week which could take this to the moon.
-Broke out of down trend (green) will still need to close above to confirm trade though.
-Triple bottomed and is bouncing of the 78.6 Fibs line which seems to be a strong support there which is a good signal.
-MACD looks like it is about to cross over.
-RSI is sitting around 60 so there still room to move upward from here.
-Volume also coming in
Lots of bullish signals here
Have added in my targets also :)
Upcoming Bitcoin BTC Price Action Predictions and TargetsMid and long-term predictions for BTC: unbiased.
We can see the indecision in the market and is it no surprise it is non-trending.
This is another critical decision point and the upcoming move will be fate-determining for the value of Bitcoin -0.31% in the coming months.
On clear breakout up with good volume or breakdown critical resistance and support levels are charted, respectively.
This is for educational purposes only and is in no to be interpreted or used as trading or financial advice.
USDCAD Outlook. Looking for High Probability LONG Re-EntryHaving pocketed +350 pips across several USDCAD lots, I'm waiting for a high-probability set-up to get back in long. For me, that would be a decisive break above current trendline, which was put in place last week as Dollar Bulls pulled profits out of the market. Currently, support is at the 1.28 mark as price action failed to break through the area of supply indicated in the red rectangle.
Signals indicating a BUY, but I do not want to jump back in prematurely as the market could easily look for areas of better price demand, especially within the dark gold retracement area I've marked on the chart.
USDCHF Pullback to Bottom of ChannelAs per my last update on the USDCHF pair, price has come down and currently bouncing off of the bottom of the channel. Overall the Dollar is relatively underperforming, which I have been discussing for the past few week s. My LONG is still on and my target area is still in the green fib extension area, unless price drops out of the channel like a rock and/or fails to reach the top of the channel.
Possible Minor Correction | Things to Look Out ForOn a 45 min chart, the fib retracement levels for wave (4) are shown in case the triangle pattern continues. (Note that the previous wave (2) correction retraced to the 0.786 fib level).
Suggestions:
watch for a crossover with the 8,13,21,55 EMAs for a bearish signal
watch the MACD for a bounce (for a bearish signal) or a crossover (for a bullish one)
watch the RSI for a bounce (for a bearish signal) or a breakout (for a bullish one)
Once this possible correction is complete (above the wave (3) low, then we might get to see a 5th impulse wave.
(This is just an idea, not financial advice.)
USDCHF LONG. Still in profit, looking to add a few lots.My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for February. I'm currently ~60 or so pips from my take profit zone (Green Fib Ext Rectangle). If price breaks above last weeks high I'm looking to add an additional lot or two, bank profit on the current LONG and set my stops to break even.
One technical thing to keep in mind is that price could easily retrace to the bottom of the channel, which would also correspond to the Retracement Zone from the February low to the high last Friday. If that occurs, as per my custom I'll draw in a trendline in anticipation of a break above it. All of this depends, however, on how the Dollar performs against the majors. As I mentioned in my posts on the Dollar Index from last week, we've yet to have a trend change so all USD longs are are susceptible at the moment.
Ethereum Classic not yet done!!?? ETC/USDOther EW chartist might consider ETC to have completed all its waves.Here is how I am looking at it, in my setup wave 2 and wave 3 have retraced to 0.382 and 0.618 fib level respectively. According to Elliott, wave 2 and wave 4 are usually the converse of each other and show different characteristics.For instance, if wave 2 correction is short and quick then wave 4 correction will be long and slow. That's what we are seeing on the above chart.
Also, the sub-waves of wave 3 show good fib retracements. Wave 2 and 4 having 0.786 and 0.618 retracements respectively. My setup is as below....
SL:26.00$
TP 1:36.8$
TP 2:48-52$(Will update)
As I get more data, I will update my targets and chart.For now, 36.8$ is my target!
