EURCAD - Continuation expectedStrong buying followed by a balancing zone indicates that this correction most likely will be followed by another bullish move towards 1.4540 primarily and if that level/zone folds, 1.4600 would be up next.
Long-correction
USDJPY long ideaHello everyone, i will be posting here my ideas, so i can keep track of them.
Why i dont publish in private? Because i am open to any suggestion, so if anyone wants to tell me something about the idea i published, i will be glad to read what he or she has to tell me !
In this case i am posting the pair usdjpy, which seems to be on a corrective structure. On the 1H chart there is a clear impulse up (arrow) followed by a correction, so buying when the trendline is broken should be a good idea.
I will stop looking for buy setups when price goes below previous low of the impulse up.
EURUSD setup to catch the XY moveIdea is based upon Elliott wave theory supported by median line analysis. More info on the chart. Good luck
Inverse H&S FORMED ON FTSE - POSSIBLE STOP HUNT IN PLAYAn inverse head-and-shoulders pattern has formed on the FTSE, with a projection of around 200 points, which would pull it towards the 6900 handle. This leads me to believe that market makers are looking to clear out the stops that will be resting above the 'double top' before any further move down in the index.
6921 is the 70.5 OTE fib retracement from the 10th April high to the low that just formed in early July, and comes in at the low of the 4H bearish order block. Respect of this block would also give optimal entry for a possible correction in the market over the coming weeks.
EURUSD about to correct?Idea is based on median line analysis and simple support resistance. Info is on the chart. Good luck
EURUSD Elliott Double Three Correction?EURUSD has been in correction after big decline. The first correction was a Flat one 3-3-5 where I thought the market would reversed and make a new low.. however, the decline was just in 3 waves a zigzag and from there a rally in 5 waves can be seen.. Which creates a scenario of a W-X-Y correction.. Flat(W)-Zigzag(X)-Most likely zigzag(Y) having a 5 wave count as Wave A.. I would expect the pair to decline atleast 50% in wave B and then one more 5 wave really which would go till 1.1800 where it will find resistance as W=Y at that zone and its also a resistance area on daily/monthly charts as well as 38.2% fib retracement of the large decline. I would make this as my primary count for now and see how the markets unfold.
These are just my studies and analysis based on Elliott Wave.. Any comments or suggestions are welcome.
Happy Trading!!
NZDUSD : Downtrend exitTrade setup : Long on NZDUSD
SL : 0.7080
TP1 : 71.90
TP2 : 72.55
Technical View :
4-Hour chart :
A nice pullback on the last downtrend resistance of NZDUSD with a inverted head & shoulders pattern formed suggest that the NZDUSD may correct upward.
1D chart :
Bounce up on downtrend resistance
MACD uptrend signal
Best of luck,
Serge
