Impulsewave
EURJPY Impulse Wave Correction SHORT from SupplyWelcome back! Let me know your thoughts in the comments!
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Last stand for BTC BullsThere is a lack of a clear impulsive structure to the upside which makes it difficult to clearly say whether or not the price action is bullish or bearish . This is the only real bullish count that would pave the way for new all time highs. If we assume that ~17,500 was the bottom then we are looking at an impulse in minor 1 a complex correction in minor 2 and a three of three extension in wave ((i)) of 3. The price rejected at 24,666 which is the 1.618 of W in the bearish count so in order to consider this current move a wave 3 we would need to see that pivot get cleared. Price below 20,670 will invalidate the bullish impulse since wave (ii) will have retraced >100% of wave (i). It's important to note that the volumes are very low for a wave 3 which casts doubt on the bullish count.
GBPNZD Correction from Support and More DownsideWelcome back! Let me know your thoughts in the comments!
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GBPNZD It will correct upward 100+ PipsWelcome back! Let me know your thoughts in the comments!
**GBPNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Bitcoin - Divergence (Live Example)Divergence:
Warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
For confirmation the completion of the full 5 Wave Impulse cycle, we look for the 5th Wave to show signs of divergence. This is our first indicator that we might begin to see the ABC correction starting to form.
Price going higher, however the Stochastic RSI going lower.
GBPNZD I Trade Plan for THIS WEEK! Welcome back! Here's an analysis of this pair!
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DXY 3000 PIPS SHORT ANALYSIS We're in wave C of micro wave 4, that is the correction wave of wave 4 which contains three waves (ABC correction waves) based on my previous post. Price gave us an impulse move down to 103.1730 level and corrected. As for now, am anticipating that price will continue its movement to the down side after the wave B completion.
However, price made a correction up to 78.6% fib level from the previous 4H high to the previous 4H low. Therefore, we accept its as one of the confluences that price has reached exhaustion point. For a safe entry, look for break of that red trendline and a pullback, then you can enter. Target will be 101.8320 level, that will be over 3000 pips down. Let's see how the market will play out this week. Stay blessed...
LUNA $100 TARGETJust like the previous SUSHI post, LUNA is on course for a First Wave Extension impulse wave
Target is $97-$121 to complete the third wave, after which a slight retracement to the $54 levels ($38 if volatility is high)
and back up to $150 to complete wave 5.
Expect price to return back to Wave 2 correction in the case of a bear market.
The above statement could result in a larger Wave Degree being formed.
EURJPY | New perspectiveEuro appears to be grinding as we continue to witness the oscillation of price action right above the identified key level at the 137 area.
In this regard, I have identified a demand zone below the key level as a yardstick for a bullish momentum going forward.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD | New perspective Following a sharp decline since mid-April 2022, the Gold prices rallied 1% on Friday on the back of a retreat in the dollar, but the yellow metal was set to end the month lower on bets of aggressive policy tightening by the U.S. Federal Reserve.
In this regard, I am having two possibilities of a counter-trend and trend continuation set-up which are duly explained in detail in this video. However, market open will determine what option we will be leaning on as I shall do an update in the comment section of my tradingview account when confirmations arise.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.