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Midas

MIDAS TECHNICAL ANALYSIS WITH DCS-R FOR MARCH 8TH $AUD/JPYAn opportunity spotted on the Australian Dollar/Japanese Yen through the DCS-Report . Looking at the order flow we can see that the market have made an impulse or wave/leg 1 to the upside after being contained within the Foothill pattern. A MIDAS support channel have been launched from the initial take-off and are currently awaiting to be tested for further gains to the upside. Note: The chart loaded a bit "low", you can hold and drag your mouse on the chart to adjust it for better view. This is the same setup as on $NZD/JPY as these two pairs are in correlation with one another.
Long
by Carl_G
MIDAS TECHNICAL ANALYSIS WITH DCS-R FOR MARCH 8TH $NZD/JPYAn opportunity spotted on the New Zealand Dollar/Japanese Yen through the DCS-Report . Looking at the order flow we can see that the market have made an impulse or wave/leg 1 to the upside after being contained within the Foothill pattern. A MIDAS support channel have been launched from the initial take-off and are currently awaiting to be tested for further gains to the upside. Note: The chart loaded a bit "low", you can hold and drag your mouse on the chart to adjust it for better view.
Long
by Carl_G
1
MIDAS TECHNICAL ANALYSIS WITH ELLIOTT WAVES $GBP/CADI would like to start off by saying that I removed the Primary MIDAS R1 Curve as it cluttered the chart and have already done its job in regards to the analysis above, however it successfully captured the initial pullback. On the chart above a T.D price flip have competed in oversold conditions at what looks like to be the end of wave 3, as there is a huge bullish divergence to the upside in oversold conditions as well. I am currently awaiting price to pullback to the MIDAS R2 channel which have to be followed by bearish conformation before going short. A bearish conformation can be many things, one simply have to wait and see what the scenario is as price pulls back to the curve and its reaction to it. One can also add a Top Finder to try and predict the top/end of wave 4. Lets see how things line or not line up as the analysis unfolds. I will try to remember to post updates on this analysis together with setup, entry and stop loss. Don't forget to give the analysis a thumbs up if you agree and make sure to follow to keep up-to-date on the unfolding.
Short
by Carl_G
S2 is broken and R2 is pushing down on H1 timeframe17:25 GMT update. Everything goes as expected so far. IMO, S2 is broken and cant support prices anymore. R2 is pushing price nicely down. EU is going DOWN. On the left side in close proximity, there is not any anchoring point which can give support for the faling prices. We need to go far far back left to find a support MIDAS line below these price levels. But it would not be suitable in H1 timeframe, for that we need to go higher timeframes. And thats another chart.
Short
by AkifTokuz
1