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Mediumterm

Long NZD/CAD - potential H&S (medium to long term)Weekly 8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue. Daily Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways: 1. Horizontal at 0.91 - in line with the left shoulder and a level at which the current price has been flirting with. 2. Slanted - in this case the neckline has been broken and price action over the last couple days can be viewed as pull back to the falling neckline. In both cases the right shoulder formed a low of 0.886. which is now a key level for this play. The second notable feature of the daily chart is the ADX crossing above 20 suggesting a trend is starting out. 4 Hour and 1 Hour Key support lies around 0.9012. On the hourly my current entry lies 0.9013 to 0.9040. Over the last couple days price has rallied after entering this range and is therefore a key region of support. Note this also lies just above where the slanted neckline would be. Trade Parameters Entry: 0.9013 - 0.9040 Stop loss: 0.8850 Targets: 0.9240 (R/R: 1.29), 0.9410 (R/R: 2.29) and 0.9530 (R/R: 3.00)
Long
by NSC95
2
COCOA CC1!I rarely publish these longterm ideas but here i am pointing out the current wave 4 on a weekly chart. So in the long run we will be short the CC1! but since we are currently in a wave 4 we will be looking for long positions. For a starter position i placed a long entry @2000, next @1975, @1935 and finally @1900 Soft targets start @2290,@2610 and very distant and unlikely @2800. Targets 2610 and 2800 would be the area of adding big short positions for the long term trend continuation and commencing of wave 5. Long term Short Targets start @1300, all the way to @790.
CLong
by ValloLoco
BTC Elliot Wave medium term: 6000USD in Nov. & 1800 in January?I have posted a previous idea about long term Elliot Wave, here is the analysis mid term in logarithmic scale. If this is correct we could see BTC to reach the long term wave 5 in November coinciding with the medium term wave 5 reaching around 6000USD to start then the correction phase that could reach around 1800 on wave 5 by January 2018 within a longer term correction phase. This is just a theoretical possibility, I'm not sure myself that this could happen. If fundamentals support BTC may be it will not go done like this Elliot Wave predicts. But if BTC starts to be seen as an old technology (kind of a MySpace) and starts to get replaced by others more advanced and with more practical uses in real live than BTC? Remember that the scalability issue of BTC has just been postponed but is not really solved, they are just patching it with SegWit, block size increases, SegWitx2, etc... but as capacity is added more usage can be put on the network that will make it reach again the capacity cap. Also, please note that I put a A-E correction wave in April 2017 when in theory it should only be A-C, but that is what the chart was giving me. What do you think about that? What are your opinions for BTC midterm?
BITSTAMP:BTCUSD
by jorge964
5
BTCUSD Medium Term ShortDue to BTC that keeps breaking the resistance barriers I believe that it has yet to reach its major deviation resistance barrier which might lie between $3850 - $ 4000. We see in August a possible Elliott 5 wave forming which could lead to a major regression in middle to late August to the areas of $3400 - $3600. Thus I would advise traders to put in medium term shorts in: Target Short: $3800 - $4000 Target Take Profit 1: $3600 - $3700 Target Take Profit 2: $3400 - $ 3600 Optimal Take Profit should be $3500 to $ 3650 Stop Loss: $4150
BITSTAMP:BTCUSD
by TheoDewet
USD/JPY Near Term Set up for LongFX:USDJPY Long Entry 1: 109.0, Stop Loss 1: 108.75, Target 1: 114.4, Risk to Reward Ratio: 1:19.4 Entry 2: 108.3, Stop Loss 2: 108.00, Target 2: 114.4, Risk to Reward Ratio: 1:28.33 Trade cautiously and await for confirmation of entry signals Consider the horizontal channel which repeats itself over a 1- 1.5 Month Period Support levels at 109 & 108.35 Resistance level at 114.4 Awaiting moving average cross over 4 hour RSI Index overbought Bottom of Bollinger Bands - awaiting reversal Good Luck!
Long
by kct-perspective
AUDJPY reached new highsAUD/JPY is recently one of the most dynamically moving pairs. The price is growing really fast since the beginning of June, almost without any major corrections. Some declines happened only last Friday. As you can see, price after withdrawal to support set by previous high, very quickly began to grow. It was a classic re-test of the previously defeated level. Currently pair is heading to new trend highs, what can be read as a sign of its continuation. On weekly chart we can notice rejection of bearish pin bar from last week. If there are no falls in the last two sessions of this week, we will receive a buy signal resulting from rejection of bearish weekly pin bar. It seems that most realistic scenario is a wave of growth reaching at least 90.70 or the November 2015 high. It is possible that we will have another week of growth, followed by few days of correction.
Long
by Comparic
Keep an Eye Out for the Pitchfork! (450 pips on USDCAD)Hey all, I've got a simplified graph here with just the bare features required to visualize the fact that the pair has been adhering to this pitchfork quite nicely. I expect it to hit the following three targets sometime within the next few months. This is barring a complete bearish reversal due to the Canadian dollar's recent strength, which may end up causing the pair to fall to the lower channel. That is a key stipulation that one must consider when analyzing the entry.
Long
by Cohiba93