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Hoagtrading

NZDUSD Jaunary 2017: Bear will take 6950 low.Talking Point: Technical Strategy : Bearish Elliottwave View : Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting this pair @ 0.7035 and booked profit @ 0.6897 on cautious trade during holiday season. Same time, we were expected bounce from channel support which can be counted as a sub wave 4 or sub wave 2 of wave 3 of larger downtrend wave. During our today's review on count, we are on very much sync from our last analysis. We got a bounce and had a nice "Dark Cloud Cover" candlestick pattern. This pattern is also sync with our elliott wave view. This is good position to decide on trade and it's strategy to enter and exit from trade position. Action We re-initiated our short position with 0.6990 level and targeting below 0.6800.
Short
by Hoag
CrudeOil ($CL) Short position entredTalking Points: CrudeOil Technical Strategy: Sell for correction Elliottwave Count: After had a breakout of 53.50, we are looking for bullish count, consolidation remain due Analysis Based on our previous analysis on CrudeOil (CL), we were stuck on complex correction cycle after reversed from 26.17 level to 51.65. However current market is much clear than previous analysis and able to judge. We are expecting new bull move in market which can target above 54 in medium term market. In short term cycle, we are expecting correction to take 51.50 level at-least before it resume it's bullish waves. Action We are initiating short position as we are having very limited risk and high reward levels. -- By Hoagtrading.com (@hoagtrading)
NYMEX:CL1!Short
by Hoag
Austrian Traded Index Analysis: Triangle scenario played well, nTalking Points: Austrian Traded Index (ATX) Technical Strategy : Hold until Triangle breakout Elliottwave Count : Triangle Analysis ATX (Austrian Traded Index) is in wave (B) which is in triangle formation. We are in last phase of triangle (wave e). We possibly see last pull leg up or in alternate scenario, we possibly see downtrend from current level. We might mark this move as confirmed after 2092 level breakout which is drawn from wave (c) to wave (d). Each leg of triangle retraced 76.4% of fibbo, with same analogy we can target wave (e) to 2502.26 or at-least 2390 (already reached 2390). Action We are bullish on AUD basket in short term and same time we need to put caution on every AUD pairs. As those pairs are on bearish view for longer time frame. Once ATX confirm it's triangle breakout, we can expect impulse bear move on AUD pairs. -- By @Hoagtrading (Hoagtrading.com)
AShort
by Hoag
Silver: Expecting one short position Talking Point: Technical Strategy: Turning Bearish Elliottwave View: Progressing wave (C) of c. Analysis Silver was trading sideway and is on long term down trend. However, recover from 13.91 looks promising. We had impulse leg up and current move from 20.96 is correcting this move. We were expecting correction over 17.04. But current move on lower timeframe is not suggesting any good sign of bulls. Action We are prefer to short this pair for target 16.30 area with very limited stoploss. -- By @Hoagtrading (Hoagtrading.com)
OANDA:XAGUSDShort
by Hoag