EUR/SEK: I'm Bullish Long: Possible Bull Run?Right now on the EUR/SEK, I am willing to say I think a possible bull run is about the happen. It looks like resistance been going on for a while prior to the next positive wedge and looking at the different time periods, it may burst quite soon. As always, everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. This isn't meant to be taken as actionable financial advice in any way, shape or form.
Forexpairs
CAD/CHF: Waiting for the Next PhaseI been mostly busy lately, but that didn't stop me from wanting to do an entry for the CADCHF pair before market close. Right now, the bearish action is making me anxious and some people may think this could be sign of a sell off, but I think it is actually due to market hours. Looking at the continuation pattern, I expect the upcoming wedges to be more towards signs of bullishness. I also think the next phase is likely positive. That being said, everything I say is on an opinion based basis. Please pursue at your own risk. Do your own due diligence and this is not meant to be taken as actionable financial advice.
Two FX Pairs in the Red Making Me Excited: NZDUSD and CADCHFLooking at charting patterns right now, two pairs I would get excited to retrade for a decent reentry are NZDUSD and CADCHF, I think the current resistance bubble is about to be broken up and than you will see another positive retracement pattern just as prior. Overall, I feel like it is a strong entry. As always, proceed on your own risk. Everything I say is on an opinion based basis and do your own due diligence.
NZD/USD: This is a Hold: Bullishness to Continue!I been talking about NZDUSD previously, and I still think the support levels continue to be rising. Yes, small dips along the way that you can selloff and rebuy, but overall this is a decent hold as it stands. Right now, I think w/ continued support levels, the sentiment is also strong. As always, this is on an opinion based basis. Pursue at your own risk and do your own due diligence.
EURCAD: Easily Entered, Now Let's Wait :)EURCAD looks like a dip given the recent bearish wedge and the overall positive correlation and fibonacci support levels. Right now, I think it is a good entry price. I also feel like support levels may be obvious. As always, this is on an opinion based basis. Invest and pursue at your own risk and make sure to do your own due diligence.
Two Long Entries for CHF Pairs: CAD and SGDCurrently, watching these two pair correlations on Forex, I think both of them are due for a similar type of positive wedge correlation given there entry price. I am long looking at the patterns right now. Right now I think the setup is quite intriguing. That being said, everything I say is on an opinion based basis. Invest at your own risk. Please proceed with caution and do your own due diligence.
Entered Long: Retesting Positive: AUDCHFRight now I think that AUDCHF should be a good entry. Infact, it already been going up when writing this post. Unironically speaking however, the bollinger bands previous curve correlation looks like it is about to go up for popped resistance. Fractals and fibonacci levels also seem to be on the support side. As always, pursue at your own risk. This is on an opinion based basis. Do your own due diligence and proceed with caution.
NZDUSD: New Entry Potential (BB% Analysis)+smaRight now, NZDUSD looks like it can have a positive bounce back from the negative draw down of the current bollinger bands indicator. It also seems like it may start garnishing much higher support especially looking at the SMA. The fractals are also there although volume is pretty low. Resistance may be broken soon and it might not be beaten up longer. As always, this is on an opinion based basis. Do your own due diligence and proceed with caution at your own risk.
Waiting for the Next Wege Retracement: GBPUSDCurrently, on this Forex pair, I am a bit down on entry. Right now looking at BB %B (Bollinger Bands Percentages) in the indicator and the cycling pattern on GBPUSD w/ short sellers and growth correlations, I think it should bounce back for the next positive wedge correlation. That being said, invest at your own risk. As always, do your own due diligence. What I say shouldn't be taken as face value as actionable financial advice.
My Current Forex Watchlist: GBPUSD, AUDCAD, NZDUSD, and USDCHFRight now for a quick turn around in profit, I am currently watching these four pairs. GBPUSD looks generally bullish as does AUDCAD and it still has some support for the pattern going on. NZDUSD looks like it has expected positive growth correlations while USDCHF is expected to hopefully retest and recover from the recent bearishness. Please keep in mind this is on opinion based basis based on how I see the charting patterns. Please pursue at your own risk and do your own due diligence.
EURJPY: Keeping a Close Watch Right NowRight now, I am currently keeping a close watch on EURJPY to look for some quick profits. I think the current bullish levels are safe in comparison to the resistance, but this can all change in a matter of hours. Definitely one of the pairs to keep an eye out for right now. As always, take everything I say on an opinion based basis and pursue at your own risk. Do your own due diligence.
Keeping a Close Watch on NZDUSDIn my opinion, NZDUSD as a Forex pair is currently underrated. While it has some slight positive, there is higher bullish potential and a positive continuation wedge needing to be filled. I also think the bullishness will beat current resistance levels. Overall, I am a long. Please keep in mind everything I say is on an opinion based basis. Pursue at your own risk and perform your own due diligence.
Two Pairs I'm Currently Bullish In: USDCHF and AUDCADTwo forex pairs I am currently watching for a long entry are USDCHF and AUDCAD. I think AUDCAD may seem like it is about to bottom out, but has still some ways to go for a continuation of its wedge, while USDCHF has more positive bounce back potential. Currently, both pairs are a close watch. As always, this is on an opinion based basis. Pursue at your own risk.
GBP/USD (GBPUSD) - Updated Elliott wave countGBP/USD (GBPUSD) have completed (A)(B)(C) zigzag pattern in 4 hr time frame, Now it is correcting down in ABC zigzag in 15 min time frame, where it has completed B wave and starts moving down in C wave. It is in 2nd subwave of C, which end soon and again falling in 3rd subwave of C down. Invalidation level must hold to retain the count valid.
I am Targeting Towards: $1.706139 for GBP/CAD PairFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said support outweighs the resistance. I am currently confident in growth correlation for this Forex pair and the target can be met for a quick profit turnover. I think the current market pattern feels obvious, and if you traded Forex you would see what I mean.
EURJPY | SellHi,
Criteria:
1. Confirmed Double Top - bearish chart pattern
2. Neckline retest
3. Trendline retest
4. The orange box marks a strong area - only powerful candles managed to break this level.
5. The round number 121.000
6. Fibonacci retracement 38%
7. 4H EMA200
8. Weekly "Bearish Engulfing"
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
AUDUSD | Sell after confirmation!Hi,
AUDUSD has started to reach to the high-probability short-term reversal area. The price increase has been pretty amazing so, a bearish candlestick pattern inside the marked area is definitely needed.
Criteria:
1. 2x AB=CD
2. Channel projections crossing area
3. 2018 low should act as a resistance
4. The round number 0.70000
5. Fibo Extension and retracement
6. Wait for a bearish candlestick pattern formation from 4H timeframe - Evening Star or bearish Engulfing needed!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
EURNZD | Buy OpportunityHi,
EURNZD has been quite a good trading pair with a high success rate.
Buy criteria:
1. The trendline
2. The round number 1.68000
3. AB=CD
4. 2014 high should act as a support level
5. Fibonacci retracement Golden Ratio 62%
6. Fibonacci Extension 161%
7. Previously worked support level.
8. Possible RSI Divergence
9. Wait for a bullish candlestick formation around the marked light-blue area.
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
USDCAD | Short-term Buy OpportunityHi,
We might get a short-term buy opportunity if you have seen a bullish candlestick pattern inside the light-blue area.
Criteria vise there is nothing special so definitely wait for it, criteria:
1. 2x AB=CD
2. The round number
3. The trendline
4. Invisible trendline :)
5. Strong area - previously worked as a support and as a resistance level.
6. As said, wait for bullish Engulfing, Railway Tracks, Morning Star inside the marked area to trigger the trade!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Best regards,
Vaido
EURRON: 1M Resistance rejection. Short opportunity.The pair is on a strong 1D uptrend since it found support in September on the 1D MA50 and is close to the overbought zone (RSI = 71.170). Yesterday it peaked at 75.000 which is where it was rejected on September 20th. Moreover yesterday's rejection took place on the 1M 4.7825 Resistance, which is holding since late January 2019. As a result we are expecting a strong pull back to the 4.7500 Symmetrical Support.
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