MCOETH corrective structure still in play or trend mode started?Just some basic analysis. Lets see what happens!
Flat
Possible Flat Channel Forming on EURGBPThere is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.
Potential Flat Correction with a ZZ wave BRight now, I am looking for a wave c of B to start to complete the ZZ!
Let's see what happens!
Running Flat in USDCADRunning Flat en USDCAD diario. Espero entrada en corto en el nuevo impulso cuando se forme otra bandera. Buscaré el primer Take profit en el bajo de la bandera, y el segundo profit en el -0,27 de Fibonacci.
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Running Flat on USDCAD daily. I'm waiting for short entry into the new impulse when another flat is formed. I'll look for the first take profit in lower's flat, and the second profit in -0,27 Fibonacci.
Potential 300+ PIP move! PA is creating a nice flat pattern for another sell towards the downside. USD/CHF formed a nice pin bar close this past Friday after the NFP results. so all chf pairs are looking to gain strength. Will watch this pair this week to see what Price Action (PA) gives us.
Potential 300+PIP move right here so be on the look out!!
FXT :)
CADJPY - SHORTING OPPORTUNITIESWe can see that the pair has formed a nice Double Top at a major level which is why I'm considering short positions for the near future. Looking at the bigger picture we could be in a Flat ABC correction, whichever the case maybe I'm looking towards the downside. A break of the upper trendline should provide even more confirmation, while at the same time we can see that a Bearish Divergence is in play.
From a fundamental standpoint we have the release of Canada's employment figure today so pay attention as it will cause a lot of volatility.
Trade safe and do your own due diligence before executing a trade.
For further details such as Entry price, Stop levels etc join us at:
www.valuedbusinessconsulting.com
Sugar - Wave 4 should complete in the 15.54 - 16.03 area Since my last update on June 23 - 2017, we saw wave 3 bottom at 12.53, which was just below the expected 12.67 target. Since this low wave 4 has been unfolding as a flat correction. I'm looking for wave 4 to complete in the 15.54 - 16.03 area for the next impulsive decline in wave 5 towards 9.98.
Stay tuned for a top and new impulsive decline soon.
GBPJPY Flat or Triangle or neither? Let's see if we get some bullish momentum near the lows. Will post chart updates on this one
GBPCAD : Short opportunity.As we can see this pair is forming a Flat, which means it's a good opportunity to sell it after it breaks the 4th wave of the ending diagonal.
The pair is already at the bottom, so please take your profit as soon as possible because we don't know when the biggest correction or the reversal may occur.
P.S: This content is for educational purposes and discussion.
Good luck.
EURAUD - long idea Hello traders
I think we will have good long chance in this pair by next days. More details and explanation on the chart
Good luck all
NZDCHF- short opportunity Hello traders
Here we present short Idea for NZDCHF. Pair form Flat pattern and we may start selling now
Good luck all
EURNZD Follow Up and UpdatesThis pair is now offering new opportunities to join the bulls. We can look for buy setups as long as the last low is holding.
Now any pullback is an opportunity to go long. Remember that we might see two types of correction
Flat correction or Double wave correction
Regardless of how things will happen, bottom line is - as long as 1.5230 holds, we are after buys.
GBP/USD .. possiable flat correction Hello traders,
GBP/USD most probably is forming regular flat pattern. waiting for fake break out to go short.
Good luck all
Possible Flat correction...Hi All,
Ive been racking my brains to see why EUR keeps rallying even though maximum fib extensions of 686% has been reached; but I think I have a possible solution which makes perfect sense!
IT'S A FLAT CORRECTION!!!!!! (3-3-5)
In the bigger picture from my previous post, I am expecting a bigger ABC correction to close the gap which I think is still happening due to the nature of the previous impulse wave reaching the max fib extensions as I mentioned above signifying a move has finished. In terms of how this current move fits into that scenario, wave (a) and (b) are complete and (c) is currently in play to complete the flat - once (c) wave is done, the bigger wave A will be complete.
We have a few big USD announcements (NFP in particular) this week which could help to push this pair down as EUR is extremely overbought.
Let's see what the next 2 days of trading brings as my shorts are still holding nicely.
Happy Trading!
Don
WHO IS READY FOR USDCAD TO FINALLY FALL?Hi All,
Interesting moves this week and based on the count, I think Looney is looking like it is about to fall and start wave 3. Please see my count update below.
Count update:
Big picture: From the screenshot below, I have been tracking the final wave 5 of wave C of an ending diagonal which has hit a key fib level where wave A = C at 100%. This is followed by a shape impulsive wave down which generally signifies a change in trend.
From the top:
Wave 1: 5 wave impulsive to the downside. I initially thought this was a potential wave C of an expanded flat but having recounted the final wave 5 up (which was an ending diagonal) I have changed my count to reflect this and have labelled 1.3795 as the top.
Wave 2: This is a clear ABC flat wave that retraced to 78.6% of the wave 1 impulse
Wave 3 (Current wave): I have marked out the possible FIB extensions for wave 3; Target 1 = 1.3526 Target 2 = 1.3376 target 3 = 1.3132
This Friday's session will be a massive indication that this count is right so let's see how it plays out
Happy Trading!
This Alternate count is now my preferredHi All,
I've been looking at EUR, DXY, Cable, and Swissy for a while now and my counts are all pointing to USD falling. (Please review my previous posting) - This also tells me that the looney will be falling as well.
Revised count:
Wave 1 - From the top labelled as (c), A clear 5 wave impulse down
Wave 2 - Flat correction
Wave sub 1 of 3 - from the top labelled c, another clear 5 wave impulse down
Wave sub 2 of 3 - Flat correction
Elliot wave guideline: Both corrective flat wave 2 retraced to around 90% of the previous impulse - an indicator of a flat correction termination point.
Forecast wave - We should now see the beginning of a wave 3 to the downside
Let's see what the French Elections hold as the results could push the USD down (Finally)
Happy Trading
Bearish Anti Alt. SharkBearish Anti Alt. Shark
Emerging Flat Corrective structure is forming . Currently , the last bearish wave Y is in progress
