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Fivewave

USDJPY, DIagnoal Five Wave, 1HRGood afternoon UJ is looking to be on a bearish trend and currently forming. I posted analysis last week pertaining to this pair being a bull run, it started off strong, but the bears seem to be taking control. No worries, all we have to do is adapt and react off the market conditions Here is a quick scalp opportunity to get into if you are currently scanning the market for ideas. Currently looking for price to head up to 134.196 to complete wave 5 of the diagonal channel. If you like this analysis and/or have a similar set up please share, like, and leave a comment.
by NoPumpFakesFx
EURUSD, Long possiblity that may last for weeks.Hello ladies and lads, there is a good opportunity in EURUSD. I have described the situation briefly in the following lines: 1- Pattern: 5 wave pattern (motive) of C of Bigger ABC. 2- Fib zone: 1st wave projection from end point of 4th: 3.00 3rd wave projection from end point of 4th: 0.382 4th wave extension: 1.272 3- Indicators: MACD : showing a Divergence that occurs mostly at the end of a motive wave. DT Oscillator: I have used 8.5.3.3. as the configuration for DT in EURUSD's chart. both Daily and Weekly charts are in oversold position and their signal line has been crossed upward. 4- Trade Trigger: 2-5 pips above 1.18842 5- Invalidation and stop loss: 2-5 pips lower than 1.18060 6- Take Profit: First tp can be 1.19753, but the potential is much more if conditions are met. I will update this part later. This is it. I would be glad if I could hear your thoughts on this. You can ask me any question you have! Thanks for your time, hasta la vista!
Long
by HunkIsHere
LTCUSD: Litecoin Is Trading Bullish Within Five WavesWhen we look for reversals, it's very important to wait for confirmations, which in our case would be five-wave rally. If we take a look on 4hour chart, we can see a potential “Double Bottom” pattern, from where we clearly see a five-wave cycle in forming towards 250-260 levels, which would confirm that bottom can be in place. But if from any reason sharply drops below 155 level, then it would be only three waves up and bulls would not be confirmed yet!
BITFINEX:LTCUSD
by ew-forecast
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