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Impulsive

USDNOK Elliott Wave Application (feedback appreciated please.)I was reading over the weekend and really trying to understand how to identify inner waves of the larger Wave to get a better idea of structure inside of waves. Another area of learning for me was the correction waves, going over simple and complex and that brings me to this example here. As we are coming off a large 5- Wave completion, we got a ABC correction where C corrected 100% of Wave A. Following the correction the sub-wave count of the next push was a inner 5-wave move, not ABC, which makes me believe that the correction is actually completed and Wave 1 of next move is confirmed. Giving that situation i believe the sub-wave count can start for Wave 2 and we can find entries to get in on the 3rd Wave. Any feedback, input or clarification is highly appreciated guys, always a student of the charts!! Happy trading
by CroomFX
USD/JPY - Elliot Wave - Fibonacci - H4 + H1 AnaliseIf we look to H4 and H1 time frame, we are able to see that the price are struggling on a sidetrend. Looking into support and resistence zones, we could see on H1 time-frame, three support areas, with two resistence areas. After I analize the elliot wave impulsive and correction phases on the trend(h4 time frame), i could now say, after add on it an interpretation from macd and rsi indicator, that the sellers are getting weak, with that the buyers could now enjoy some space. I hope that after , maybe, some more correction, that the pair could enter in an impulsive wave , for that i hope that the trend pass the 50% retracement level of fibonacci. Will wait to get the markets open again, and then i define my position on this pair.
Long
by UnknownUnicorn687928
German DAX May Experience Some Weakness In Weakness To ComeOn the daily chart of German DAX we are observing a nice higher degree impulse in motion, with price particularly trading at the end of blue wave 3 of three. If that is the case, then red sub-wave 5) may experience some resistance in days ahead and may expect price to fall into a corrective reversal within the upcoming blue wave four. If that were the case, then the DAX may be in for a slow and choppy ride within the upcoming weeks.
D
by ew-forecast
AUDUSD And Other Commodity Currencies Higher Again?Hello Traders, we hope you have a relaxed weekend. In this idea, we'll be looking at AUDUSD long. As the market shows us a bullish sequence against the December low 2016. We will expect further bullish momentum in AUDUSD. Especially commodity currencies such as AUD, NZD and CAD. With Gold and Silver, new bullish cycle, we expect aussie, kiwi and loonie also to follow the path of gold and silver moving higher. But before we call AUDUSD long confirmed, the pair should first take out the high at around 0.77575, to continue its bullish momentum. In the case of a break of the 0.77575. We will consider long trades after a pullback to the initial breakout level. We will keep you updated with that. As of for right now, we will be on the sidelines, as the pair also could start a lower degree correction from current levels to the last breakout level at around 0.76324. When we see a significant breakout out of the 0.77575 our target will be around 0.79484, for the short-term, as we expect AUDUSD to move even higher, but this would be the first target which we will consider. Hope you enjoyed this short overview. We will be publishing charts now more frequently. As always trade with care and always use a stop-loss Cheers
Long
by secrets2trade
U.S. Dollar Index Weekly Outlook + BIG Long Move Possible?The US-Dollar Index is in an intact impulsive long trend. After the weekly break of the sideways range a pull back towards the break out level or in other words around 100-100.5 zone was initiated.The possible upside breakout of the 1 ½ - year sideways range also underlines the current situation within the US-Dollar. After the Federal Reserve stopped QE 3 in October 2014 and started to think about rising rates the currency moved in a sideways range of uncertainty about a next potential rate hike. As the FED said that economic data should be waited to recover. For one and a half year the market moved in a range between 92-100. This is also shown in all USD-crosses such as the EUR/USD, that the USD made choppy moves on weekly time frames. After the market indicated an upside move and a potential fundamental driver of the US election, the market finally broke out of the sideways range and closed above 100 on a weekly basis which confirmed the breakout. After the FED rose rates in December 2016 for another 25 basis points, market reacted with further upside movement. This fundamental driver gave technicals a sustainable kick to the upside. For the near term, fundamental drivers play with the question of the next rate hike by the FED and tax policy by President Trump, which will affect the US-Dollar heavily as well. We definitely keep an eye when evaluating new mid-longterm bullish US-Dollar trades. However, currently market flirts again with the break out zone and seems to start its bullish move to the upside. BUT for an clear confirmation of a new start of an impulsive move the local highs ofaround 103 should be broken with a weekly close price, then we could easily see next weekly resistance of 107.75-110 with a potential pullback before. 107.75-110 is the price target of the projection from the sideways range. Bullish candle formation in weekly chart confirms that this breakout might not be a fake one. This indication told us that the uptrend might give a little pullback to the downside before continue due to an overbought market. This scenario is currently for some weeks of flirting with the resistance. We currently await for two scenarios for the DXY. Two scenarios: - Market finds support and initiates further bullish movement and breaks the resistance zone of local highs at 103.8 (break out highs). This would be a continuation move that the next impulsive the long side has been confirmed. - Market corrects a little further to the downside and holds support around drawn trend line after initiating further bullish momentum We remain bullish on long-term. As we look at our intermarket indications we could get confirmed with our statement, as they currently cooling down from capital outflow. We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macroeconomic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading. As seen in the chart, our two of our intermarket indications showing a cool down of capital outflows and currently moving in buying territory which might indicate a soon inflow of capital towards other asset classes. We take into account always the BIG 4: Currencies, Bonds, Stocks and Commodities. As always, trading is a probability game nobody is 100% and always use a stop-loss when trading. Trade with care.
TVC:DXYLong
by secrets2trade
3
Elliott Wave Analysis: CADCHF UpdateGood morning traders! Today we are looking at the CADCHF. On the daily chart of CADCHF we are observing a nice higher degree three wave move to the upside in action, with price specifically trading in minor wave two as part of blue wave C. On the 4h chart we believe market is trading in a three wave correction within two corrective channel lines, with waves a and b already completed, and now red wave c in motion towards the 0.7800 level. If we are on the right track and more upside will follow, then the following sub-wave two may offer some support for bulls.
by ew-forecast