NZD CHF LONG Hello traders
The impulse for the nzd chf is bullish, and we have a correction pattern, expecting the continuation of the bullish trend until the supply area
Impulse
Advanced Bitcoin analysisHello traders
We have a strong bullish impulse and an expanding corrective pattern, so we can expect another bullish wave, knowing that the price has breached the upper level of the support area on the weekly chart that we mentioned before.
It is compatible with the command block responsible for breaking the structure
Our data indicates a high success rate
Wheat Has Topped, But Corrective Recovery Can Be NearWheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs.
Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections.
Wheat has five waves down from the highs into first leg A, now unfolding and finishing wave "5" of A that can stop around 700 - 600 area. So, top is in place temporarily, but corrective pullback in wave B may occur at the beginning of 2023, which can retest the 950 – 1000 resistance area before we will later see more weakness within wave C.
All the best!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
EURAUD - another bullish impulseHello traders! EURAUD has just created a slow correction after its last impulse, now printing a green and aggressive candle which can indicate another strong impulse to the upside. For the last weeks, the pair moved on a range, and now it finally managed to break it. EMAs are cut for long, and so does MACD, indicating a bullish environment, and the technical indicators are also suggesting a strong buy.
MOMENTUMB and MARKET CORRECTIONHello everyone!
Today I want to draw your attention to the momentum and price correction.
In fact, any price movement consists of an impulse and a correction.
You can earn money on each of these phases.
Impulse
An impulse movement is a strong price movement towards the main trend.
As a trader, it is right that you should open positions in this direction.
This movement is quite easy to identify.
How correctly an impulse movement will spend less time covering a longer distance than a corrective movement.
The impulse has a large force that pushes the price in the right direction, so the movement is strong and fast.
Correction
The corrective movement is characterized by a smaller force of movement.
Very often, the correction will move in one corridor without much updating of the highs or lows.
The fact is that with a corrective movement in the price, there is not enough force to update the maximum or minimum.
The movement will be weak, resembling trampling on the spot.
Of course, you can earn money in such a period, but it will be more difficult to do this than when trading on impulse movement.
In addition , there is always a risk that the trend will pick up again and push the price against you and very quickly .
You simply won't have time to close a position if you haven't set a stop loss.
Support and resistance
It is important to note how the level from which the price makes a reaction is first support, then resistance when breaking through.
This is a frequent occurrence in all markets.
The impulse conceals a force that cannot break through the level immediately, so the correction begins and the accumulation of new energy to overcome the level.
After that, a breakdown occurs.
At this point, support becomes resistance.
The price during the correction, as we remember, does not have sufficient strength to update the maximum and the level becomes a resistance that the price cannot pass.
The correction rests on the level and failed to overcome it.
And this structure is quite common.
Conclusions
The main conclusion is simple - trade according to the trend.
Learn to identify impulse movement and corrective movement, so it will be easier for you to determine the trend.
Watch how the price reacts to the levels.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDJPY Impulse Wave 5 CompletionPrice is trading in a wave 4 phase; we are at interesting levels where we have the 38,2 and 50 Fibonacci levels. Soon price will move in the upside direction as wave 5. Wave 1 and 5 cannot overlap to validate this pattern. Price needs to make a new high.
EURJPY - The Trend Is Your Friend Until It Isn't!🎯Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURJPY is overall bearish trading inside the bearish orange channel and currently approaching the upper red trendline so we will be looking for trend-following sell setups.
This setup now reminds me of my last two sell setups attached on the chart.
EURJPY is forming a channel in red , for the bears to take over and start the next bearish impulse, we need a new swing low to form around the lower red trendline.
Trigger => a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, EURJPY cans till trade higher, and the setup will be invalidated if we break above the upper red trendline.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDJPY Bottoms For Now; More Weakness After Rally USDJPY came sharply down in the last few weeks, away from 150/152 high, from where we can even count five waves down as part of a new bearish cycle, especially if we consider that pair is also breaking the trendline support on a daily chart. As such, we will go with a bearish look and will be looking for further weakness after any higher-degree three-wave rally which can show up in December. Resistance is at 142.30 and 145.56 from where we will expect more weakness on USDJPY.
LiteCoin Is Looking HigherLitecoin made some nice breakout above November highs recently, which we see it as a higher degree wave C or maybe even wave 3 after a completed irregular/expanded flat correction in B/2 on November 9th.
Litecoin hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware of further rise at least up to 90 area for wave C, if not even above 100 for wave 3.
Don't forget, risk-on sentiment seems to be back in the game, as stocks are recovering and USD is losing its power that can be easily in favor of Crypto.
A catalyst for even further weakness of the buck in the last two sessions are FOMC minutes in which members noted that they will be careful with hiking rates going forward. This sounded dovish so US yields came down, notes higher which had a negative impact on the USD and a positive on stocks. So lower USD can definitely help cryptos, especially those that are doing well for the last few days, such as LTC.
All the best!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
USDCHF Impulse CompletionUSDCHF is trading in a downtrend; the price will continue to move in the bearish direction. We are in an impulse move phase 1-2-3-4-5 sequence. Waves 1 and 4 are not overlapped making it a good pattern also the wave 1 and 2 are not equal. The downtrend wont last long but worth looking into.
MATIC / USDT LONG Hello traders
In today's session, we are watching the cryptocurrency Matic for a short-term buying opportunity after closing the downside wave for a small correction. Our first target is the top, and the second target is 1.27 FB Level.
The coin is traded on volumes. Support for the POC volumes levelThe price broke through the inclined level and fixed higher. The coin is traded on volumes. After the impulse, we returned to the retest. At the bottom there is support for the POC level, stop for the level. I recommend entering the position from $ 4.723. First goal - 4.85$
GBPCAD weekly breakdownHello hello! After a bearish year for GBPCAD , it finally shifts on a weekly perspective, breaking the Moving Averages & EMAs finally crossed. For the past 3 weeks we saw a strong impulse on this pair, now waiting for a slow correction that can be followed by another strong impulse upwards. Moreover, the Commitment Of Traders data shows confluence on this analysis, GBP becoming stronger while CAD weakening.
We now have to wait in order to see a correction, and only after that we can be looking for an entrance!
NZDUSD creating a new IMPULSEHello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
GBPUSD Analysiswe have bearish continuation correction on the our daily time frame, What do you guys think ?.Are we very bearish after breaking the current support,
CADJPY Wave 5 BuysPrice is trading in bullish momentum, we have wave 5 as the extended wave on the blue degree. Often time wave 3 is the extended wave but in this case its wave 5 but remember wave 3 can never be the shortest wave of all the impulse phases on the impulse pattern.
NZDCAD Sell-OffPrice is trading in an impulse move, I'm expecting a wave 5 drop soon whether on the current level which is the 50% or 61.8% Fibonacci level although the price can't break the marked-up level.
AUDCAD Price Starts Trading BullishFor a while, we have been in a corrective state on AUDCAD and recently price is turning back up in an impulse move. Chances are we will continue moving in the same direction.
USDCAD Trading In Wave 5 PhasePrice is trading in a short term downtrend on the 4hour to 1hour timeframe. We are in an impulse phase, in this case we have waves 1,2,3,4 and waiting for wave 5 completion which can offer a last wave sell-off. Its safe to say the dollar will be weak for the next few days.
DAX Is Trading In A Five-Wave Bullish ImpulseDAX is in sharp and impulsive recovery away from the lows, breaking important daily trendline, which can be easily an indication for more gains, especially if we take a look in the 4-hour chart, where we see an unfinished five-wave cycle from Elliott wave perspective.
Looking at the 4-hour chart, we see DAX trading in the middle of wave 3 of a five-wave bullish cycle, so we will have to be aware of more upside, but ideally after 4th corrective pullbacks.
Currently we can see it finishing an extended subwave 5 of (3) of 3, so after a pullback in wave (4) with support around 14100 - 14000 area, watch out for a bullish resumption within wave (5) of 3.
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
EURUSD Bearish Trend Continues / Top Down AnalysisEURUSD has been trading bearish for a while now I expect the downtrend market to continue. We have two possible counts but in the same direction which is a zigzag correction pattern or an impulse move for the wave 5 completion meaning we can still see a deeper pullback prior to that.
SRFHello and welcome to this analysis
SRF in the daily time frame has activated a Bullish Harmonic 5-0 pattern
Short term upside targets 2475/2525 with 2335 as stop loss
Medium term upside target 3200 with 2300 as stop loss
In both short and medium term Risk Reward set up looks good.
