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USD/CHF - 2 Bullish & 1 Bearish Elliott Wave PatternsThe USD/CHF made two bullish Elliott waves, and it's making the third Elliott wave, but this one is bearish. This chart is all about learning to apply the Elliot wave pattern. The first bullish Elliott wave started on the 21st of October and ended on the 23rd of October . And the second bullish Elliott wave started on the 23rd of October and ended on the 4th of November . Now, from the 4th of November, the bearish Elliot wave started, and The fifth wave is in the still making process. ABC correction is remaining . If you like my technical analysis on the Elliott wave theory in this chart, then like, comment, and follow me.
by forextidings
4H Forex Trend Following Strategy With 200 MAThe downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA. But because of an election, there is a possibility of fluctuations. Therefore maybe the trend falls from the major resistance trendline and touches the support trendline by crossing the levels 0.8960 - 0.8920 .
by forextidings
EUR/AUD ABCD formation and long opportunityFrom the beginning of June, EUR/USD made a rectangle, and it's broke this channel between points C & D . Here, I have used the ABCD pattern to set the levels. C point is 0.5 , and the BC projection is 2 . From D point, it fell. It will bounce from the potential reversal point, and it will reach the following target 1.67700 - 1.69600 -1.71300 . But if it breaks the potential reversal, it will fall and hit the following levels 1.64160 - 1.63210 - 1.61765 .
Long
by forextidings
EUR/AUD Roaming in the Flat TrendThe trend is moving flat in the triangle shape. The control price is between the dynamic resistance trendline and the solid support trendline. The current trend is flat but, there are possibilities of a rise and fall. It will touch the solid trendline, and then there are two scenarios. If the trend bounces from that point, there will be an incremental movement, and it will touch 1.6595 (the first target), then the next target will be 1.6860 . If the trend falls, it will hit the first target ( 1.5960 ). Then it will touch the second target ( 1.5660 ). Day Trading strategy: From the solid support trendline, You can start to buy until the control price trendline. And you can start to sell there, until the solid support trendline.
by forextidings
2
Will GBPUSD surge from this corrective wave?GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here. Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback to 1.2726 & 1.2676 levels. And upper breakout will hard-hit on the current trend. It will fly till the 1.3020 to 1.3160 target prices. The day traders can keep buying/selling between the consolidation area but get ready for the above targets after a breakout of the descending triangle pattern.
by forextidings
4
AUD/USD Analysis With An Elliott Wave And Triangle PatternThe above chart is an incremental trend, in which I have applied the Elliott wave pattern to get the levels. At the end of the major support, it's making an ascending triangle . That, I have described in detail in the above chart. The trend is crossing the upper trendline of the triangle. It will fall from around 0.7300 . If there will be a situation of continuous fall, and it falls up to 0.7100 , then the targets will be ( 0.7000-0.6960 ). But if there a reversal and with the help of support trendline trend rises, then it will knock the targets ( 0.7336 - 0.7400 ).
by forextidings
GBP/USD Trading Signals with the Fibonacci MagicFibonacci Retracement: Swing Low - 1.14098 Swing High - 1.34832 According to Fibonacci retracement, GBP/USD's last stop is a 50.00% retracement level. Currently, it's trading nearby a 23.60% retracement level. The day traders can jump for the 38.20% retracement level but, there's a strong support trendline between the 23.60% to 38.20% range. How to play now? Use the following strategy to walk safely: You can initiate a new short position at 'possible entry point' or use it as a hurdle. Clear your position at a strong support trendline to make a safe trade. It will help you to get a higher probability of success. A strong sell signal will come after a breakdown of the 38.20% retracement level for the target of 1.12446 (50.00%) . GBPUSD is struggling to recapture a positive momentum. Fibonacci retracement may fail here because of the crossover of 50 & 200 MA , and strong support is ahead. That time, go with the flow. Here, flow is a strong support trendline. Accurately, if GBP/USD crossover the 1.3060 , it will fly from there. And that will be for 1.3240 - 1.3400 levels.
by forextidings
Chance to get $12,000 from this USD/JPY SignalUSD/JPY is following a dynamic resistance trendline since July 2020, and it's there now. Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders! If you have expected something bigger from this call, I recommend holding it for the short-term. And for a short period holding, USD/JPY should breakdown the consolidation area's support trendline to hit the following target prices. Targets: 105.06 - 104.80 - 104.06 - 104.3
Short
by forextidings
Will SILVER Collapse or Surge from here?Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in the upper direction, there will be an ascending trend, and the targets will be 26.4186 and 27.3800 . But if it will fall after the ascending triangle, There will be a downtrend. And targets will be 21.2500 and 20.2686 .
OANDA:XAGUSD
by forextidings
2
The Diminishing Trend of USD/CHFUSD/CHF is making a slope here, between a strong resistance trendline and a support trendline. The trend made an upswing parallel channel, But it can fall and knock the control price line. There is a possibility that It will rise to 0.9200 , and then it can touch 0.9236 . Also, there is a possibility for the fall to 0.9100 , which is the first target. Then it will touch 0.9060 , which is the second target. NOTE: 1. Don't buy if the trend crosses the parallel channel. 2. Don't sell if the trend crosses the strong resistance trendline.
by forextidings
EUR/USD Free Trading Signals For The Day TradersThe trend is making a downside slope here. I applied the Fibonacci retracement to set the levels. In the beginning, it's an uptrend. From the 1.20114 , it started to fall. In between the resistance and support trendline, it tried to climb and made minor support. the trend rose to the 1.17696 , then it started to fall again. It will tumble to the 50 percent then 68.80 percent. So, my targets are clear. For day traders, the target level is 1.15900. If it breaks the level of 50 percent, then the target would be 1.14904 for the short term investors. NOTE: Don't buy if it crosses the resistance trendline.
Short
by forextidings
4
USD/CAD Fibonacci Retracements Analysis - TP 1.3830+I have used Fibonacci retracement in this chart to identify the possible further moves of USD/CAD. It's an uptrend. In the beginning, there is a descending triangle. There is a descending triangle at the beginning of the Fibonacci retracement ( 78.60 percent around). And the next construction of the trend before the brokedown is a parallel trendline. After the breakdown, the trend created strong support and slowly started to climb and reached the retracement level of 1.3389 . It will rise to the TP1 ( 1.3630 ). which will react like the resistance. After that, the next target will be TP2 ( 1.3830 ), which is the 50 percent retracement level of the Fibonacci retracement. It has started to rise from a low point, and it will hit a level parallel to a higher point.
by forextidings
2
The Downtrend of the EUR/USD Will Begin From HEREIn this chart, resistance & support shown by using a box. Redline between the chart is a hurdle. By following the box, we can say that there will be a downtrend. Dynamic resistance shows that if the trend crosses the hurdle, there will be a downtrend. But if it will not intersect each other and will take a "V" shape there will be an uptrend to the 1.1770 - 1.1800 . It's favorable to buy at the points where candles touch the support line and to sell at the points where candles touch the resistance line. TARGETS: Short term investors: 1.1468 The day traders: 1.1626 - 1.1566
by forextidings
GOLD Symmetrical triangle breakout target $2000+The gold spot made a symmetrical triangle and broke upward. And it was following the downtrend line channel from the beginning of September. As you can see, the breakout candle has closed above. I have drawn a dynamic parallel trendline to find out the last point of the rally. Long-term investors, please keep their eyes on A, B, C, D, E, F, and G. Wherein F & G are the next targets. And day traders can take entry for $1990 - $2014+ levels. As I described, gold tried and failed to break away from the bullish "symmetrical triangle," suggesting a continuation of the uptrend that preceded it looms. Kindly note XAUUSD trend will change after the breakdown of D.
OANDA:XAUUSDLong
by forextidings
3
USD/JPY's futhere movesIn the previous week USD/JPY gained +1.261 points. From the last candle there will be an uptrend to the parallel channel and then price will start to fall again. Here, the hurdle is 106.06 level. If candles consecutively crosses the dynamic resistance(DR) there will be an uptrend and price will increase to the 106.76 or above but if candles continuously move downwards under the DR or parallel channel, In this situation trend will be continue to move in the same direction and it will decrease to the control price or more. If trend crosses the hurdle there will be the first target of 105.86 level and second target will be 105.60 level. If you pay attention to the whole trend of this chart you will get to know that there is the extreme fall in trend from the point which shown by the blue arrow which indicates the overbought and volume spike. and you can see, every time when the tail crosses dynamic resistance, trend decreases. and every time when the candle touches a support trendline, trend moves upside. By crossing the support trendline, It makes a major failure and it continuously decreases, and makes an excess, after that it again started to move upwards.
Short
by forextidings
GBP/USD Trend Analysis based on Elliott Wave theory.According to the chart above, GBP/USD keeps moving upward nonstop. But it rallies pausing at reversal points (strong resistance) for a few days or weeks. At present, it's again at a strong resistance line. Will it uptrend over here? Can British Pound / U.S. Dollar start a downtrend? As per the Elliot wave theory, GBPUSD can run for 1.34450 level to complete the fifth wave. You can take this level as a target. We may see corrective waves (A, B, & C) ahead. Hence, be ready for the targets 1.33200 and 1.29800 . Don't forget to keep eyes on Stoch RSI crossing to take a new entry.
by forextidings