Updated XRP fractalThis is an update to a previous XRP chart I made. Made some tweaks, I've become obsessed with this chart. Let's see if she fulfills the "XRP prophecies"
Fractology
Same trade different outook on a fractal level for the Dirty 30!Refer to my last post for more information, like and comment if you agree with my post!
BTCUSD - Are we seeing a fractal repeat of March?I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart.
I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the trendline.
To make it even stranger, 190 bars is almost a 0.618 retracement of 298. 190/298 = 0.6375
298*0.618 = 184.164
That puts it 6 candles or 12 hours out. Spooky...
And of course, the first run up retraced by 0.605.
I'm not sure if this will play out but it will be cool if it does. Let me know what you think!
Happy trading:)
USD/SGD : Looking very very strong SELL Expecting continue downfall as per chart pattern .
Sell on Breakdown.
ThankyOu
Do You Know About GOLD ?I have seen and watched Prev Data in Longer Term Bases that Janury months GOLD Sure rise max time even in Downtrend , Uptrend side ways move also.
I am Expecting November and december will be sideway until 1400$ then we can see a big rally in GOLD For Longer Terms.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
Long then short for GBPUSDAfter making a downside impulse the pair is correcting. First, we are going to look for one more move up to finish the last leg of the correction. After the pair goes beyond 1.3350 we will look for trades down as per our strategy.
Generally we anticipate a huge move down that might test 1.25 area. Possibly it could happen this year.
Long opportunity for EURUSDThere is a high likelihood for one more move up this week. The pair is forming a zigzag structure at the moment. Thus it would be a premature action to get in the market right now. As soon as the price is 1.17400, it might give us a clue whether it will go up. As of now, we are going to look only for long opportunities.
Short opportunity for USDCADThere is a likelihood that the whole move up is a correction to more downside opportunities.This is visible by the chart incline and the relative position of the upmove to the prior impulse down.
All eyes on the loonie. The downside potential could bring a lot of money on your account.
Long opportunity for USDCHFThe pair is correcting itself after a bullish move. So far this correction gives me a strong believe there will be one more impulse to finish the structure. Look for a small impulse up (probably one hour impulse), then correction and buy.
How all charts work. The case of USDCHF.When you analyse charts, what picture do you see? Is this the type of a candle or the position of a moving average?Perhaps you prefer Fibonacci analysis alone? But are these techniques explain what really happens on the market and could truly predict what is going to occur?
Today we would like to show the true nature of every single chart and how forecast might be made without the use of indicators or tough mathematical calculations. To make that prediction you will need your eyes, open mind and understanding that each impulse is followed by another impulse after a period of correction.
In order for that Fractology will use the daily chart of USDCHF.
If we look at the chart we could clearly see three waves of correction (depicted with ABC) and an impulse (depicted with an arrow). The fact that the pair has broken out of a terminal structure on the final stages of wave C tells us that it will make an attempt to test the structure of a high degree. Correspondingly the break of that next structure will force the pair to take off.
Most commonly this analysis is known as a wave patterns analysis. It stipulates that at every time charts work within some wave structures on the "matryoshka" principle, repeating itself.
EURUSD is topping up. Look for selling opportunitiesIf you have a look at the daily EURUSD chart, what do you think the next major move will be?
"Buy low, sell high" is the best statement to describe what is going to happen to this chart. As per Fractology wave analysis, EURUSD has to correct its rally up which means the decline of EUR is looming large.
On the 4-hour chart, the pair has made an impulse down which makes us believe there will be at least one more downside move.
However, as per our wave probability analysis, there is a chance for one more upside move which will break the August high. After that, the pair will likely crash down.
It is reasonable not trade the pair for bullish moves at the moment and wait for a big change down.
GOLD - Expect a correction or a reversalThe pair has made an impulse which has not made a correction yet.
Therefore we expect a correction for this pair. However a presumable correction might turn into an impulse itself.
Be careful with buys. It is reasonable not to do anything or wait for a sell setup.
All eyes on the "loonie" (USDCAD)Earlier Fractology published its bullish view on USDCAD. We were wrong to expect an upside move that soon. As of now, Fractology does not change its bullish analysis and we keep on looking for buying opportunities.
On the chart above there is a chance of forming an expanding ending diagonal which has no other choice but to resolve up.
Secondly, any chart rejects the possibility of a price moving in a straight line without a decent correction. Therefore the lower the pair comes the higher we expect a retracement.
Fractology recommends having a look at NZDCAD which has a similar setup and might surge up this week.
Expect a turn on GBPJPYThe pair might soon experience an abrupt change to the downside.
Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price.
Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down.
Thirdly, GBPJPY is forming a pattern which Fractology identifies as a reversal pattern.
Fractology would advise waiting for a move before taking any trades. After that happens we will find a place to sell within a corrective pattern.
Buy some USDCADSince our last analysis on USDCAD ( ) we have been selling this pair for a couple of weeks.
However, it is high time for the whole move down to be corrected up.
The pair is heavily oversold and any new low might be the last. It is reasonable to look for buying opportunities under these circumstances.
Therefore whenever the price breaks the trendline and corrects itself, start looking for bullish moves.
If the price makes new low Fractology will not change its analysis and keep on looking for upward impulses to go bullish.
EURNZD might shoot upThe pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal.
The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up.
However, it is reasonable to wait for a breakout from the current pattern and a small correction for a better risk-to-reward ratio.
Some weeks Fractology has made a similar forecast on GBPUSD www.fractology.biz and the prediction worked fantastically.
NZDCAD to come downThe chances are very high the pair will come down in the nex few sessions. The impulse-correction relationship is very obvious on the chart. This brings us to a conclusion that there is going to be at least one more down move back to the trendline.
However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides its interest rate. Therefore all kiwi moves might be very rough.
Fractology recommends trading this pair when there is a clear breakout. As soon as the pair reaches the trendline, it will be safe to put your trade to breakeven and watch if it goes down to the daily trendline.
CADCHF is about to reverse downCADCHF is completing a pattern which brings us to a conclusion that the pair will come down. There is a chance the pair will make one more high before turning the direction.
The outcomes of the move might be significant. It might come down as low as of early June 2017. Otherwise, the pair will make three legs of correction and go up for another impulse.
Fractology recommends waiting until the breaks out of the pattern and correct. Only after breakout do the opportunities for short trades appear.
Buying opportunity for EURNZDSome crosses might correct a bit while majors move (like this one - www.fractology.biz )
Buy if price breaks the trendline and correct a bit
Selling opportunity for AUDCHFSome crosses might correct a bit while majors move (like this one - www.fractology.biz )
Sell if price breaks down the trendline and correct a bit
