AUDUSD WAVE AND PATTERN ANALYSIS TRENDThis post is just a personal idea and analysis should not be the criterion for buying or selling
It seems to be in the g-wave and based on confirmation from other currency pairs such as eurusd, which has a negative correlation with this currency pair and the euro is bullish, this currency pair will probably fall to the specified range in the long run.
It may form in the same diametric microwave
The range I consider for the target is 0.47780
In the rectangles on the chart, the patterns formed in the past in microwaves are labeled in different time cycles and can be used for teaching and learning.
On the chart, I tried to segment as much as possible the educational tips related to the classic Elliott and Elliott in neowave style in the rectangles I drew and the formation patterns in different time cycles. I hope my efforts will be useful for educational materials.
My prediction is that the price will reach this level in the next 4 to 5 years
Patternanalysis
MOBQ Wave Analysis AND PATTERN It has a structure similar to abc and the minimum thrust up to the specified range can be observed
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
SUPERTREND AND EMA x2 Strategy for XAUUSD SWING TRADINGTools(Indicators) used:
Supertrend Indicator from KivancOzbilgic no changes.
EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used).
Set Length on second EMA at 50 change color to Yellow
CHART 5 MINS and UP but under 1H.
Preferred instrument is FXOPEN:XAUUSD
Strategy:-
We enter a trade upon confirmation of the following conditions.
1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below.
If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1
2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above.
If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1.
This is the strategy that I am using and I have been able to close 90% trades in profit.
The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy
Please Like and Comment....
Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
GBPAUD sell!!GBPAUD has been trading inside the given Parallel Channel for quite some time now . the price has reached the upper Resistance of the Channel and has already rejected it . Further supported by the confluence factor , that is , The M- Pattern !! At this point i am looking to sell .My final Target being 1.8530!!
BTC on its last run before decline.I know all of my chart predictions are extremely unorthodox, and heres one for BTC .
Previous all time highs for BTC bullrun was seen in the year 2017-2018.
We saw that the price has 3 progressive all time highs between 3 different dates, after which the price starts to decline.
These ATH dates in december 2017 were
7
11
and
16
What makes these ATH dates special in my extremely unorthodox prediction is that, first two ATH have a difference of 4 days between them, and the third being 5 days after that.
The third ATH comes at 1. 25x days of difference between the first two ATH dates.
which is
4 (different between 7th and 11th of december) x 1.25 = 5,
5 days later comes to be at 16th of December, which was the last time BTC ever pulled off the highest ATH price closing for the year 2017.
Using this for the year 2021 BTC bullrun.
We know that we have already had 2 ATH for this year.
These dates are
8
22,
Using what we know from our 2017 bullrun, we get a difference of 14 days between the two ATH we have had so far in 2021.
If we multiply 14(difference between date 8 and date 22) by 1.25, it comes to be 17.5 days.
So roughly at 17-18 days after 22nd of Feburary, which is on the 14-15th of March, we should see BTC at its ATH for this bullrun and then it should start to decline.
However it is possible that we could see another spike even after price decline but price will not close there and a massive selloff will take place.
End of prediction.
I am not a certified trader or an analyst, but I just do this for fun. Do not sell/buy using my prediction.
The Bullish Abandoned BabyLast seen May of 2019. Not much else to talk about. This one is for the books. (As if the Inverted head and shoulders wasn't enough.)
Enjoy this ride, there's too many bears out there for all the wrong reasons.
This is probably my final analysis for awhile on Bitcoin. Happy Stacking Sats.
The Coming Future
XRP tends to do these patterns based on previous ones it has made in the past. The left is the comparison, and the right is a zoomed out look of the two patterns. Now take this with a grain of salt as this is mostly pattern analysis and most people don't agree.
From the Corona March drop to August, is the same pattern, just extended a little bit. The ghost bars and the markings on the 1D show that this crazy spike is just a fake out for the moment, until the XRP fractal takes play in Jan/Dec months where it'll moon. The 2017/2018 moon where XRP jumped from .23c area to $3.84 also had a drop then moon; we still need to go through the drop phrase.
Even without the pattern analysis XRP has touched the .32c resistance and RSI and Stoch RSI both show overbought on the 1D. It might play around for a bit in the .32c area but a correction is coming soon. Keep in mind that the current United States is considering another lock down, some states have initiated it already. The UK is already in second lock down. The jobless claims are still increasing, and DOW and S&P look to be heading in a down trend. I believe a drop is coming, around 40% in total. As always, time will tell.
Credit to Mr. Level up for showing this pattern. His calls have been 80% correct which is far better than most traders, as their calls are usually 50% correct.
Not financial advise. DYOR. Trade responsibly, XD.
Apple stock caught in bear continuation pattern.Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term.
The stock broke its support of $116 here and will likely continue and trade under $115 today.
If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next possible breakout.
Perfect opportunity for the long term stock investor to get into the stock and continue to average down should the stock come back.
In the options world, I am not seeing any significant news to push the stock up unless APPLE surprises investors with ER next week.
DXY (USD Index) 4hour Analysis September 20th, 2020 DXY Short Idea
Trend: Bearish
Trade scenario 1: Price action continues to fall and breaks through support around 92.60. Look for a confirmed lower high below 92.60 with strong bearish setups. Target lower toward major support and key fib levels.
Trade scenario 2: Price action turns bullish and begins forming higher highs. Look for a break and retest of 93.30 with confirmations. Target toward the 38.2% fib level
AUDJPY 4hour Analysis September 6th, 2020AUDJPY Long idea
This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken.
Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a confirmed break and retest of 76.500.
DXY (USD Index) 4hour Analysis September 6th, 2020 DXY Short Idea
Overall we are still very bearish on dxy until we see a significant break of a lower high on this timeframe.
At the current level price action is at we can see two potential bearish scenarios:
1.Price action confirms the lower high below 93.30 and begins another bearish leg. Look for strong bearish setups below the 92.60 zone. Target lower toward key fib levels.
2.Price action pullback to the 38.2% and confirms structure. Look for a lower timeframe transition to confirm the reversal. Target lower toward key fib levels.
For us to consider bullish scenarios we need to see a break of 95.00 with a confirmed higher low above the zone.
EURJPY Daily Analysis August 30th, 2020EURJPY Long Idea
Overall we are very bullish on all significant timeframes and are looking to continue with this trend.
From the current level of price action we can see two potential long opportunities:
1.We see strong bullish setups off the lower timeframe support that pice action is currently at. Target higher toward significant resistance.
2.Price action pulls back to key support at 124.000 which is in line with our 38.2% fib level. Look to enter on strong bullish setups and target higher toward key resistance.
For us to consider short opportunities we need to see a break and retest of key support near 124.000.
XAUUSD 4hour Analysis August 23rd, 2020Gold Long idea
Gold has been very bullish on all timeframes and is looking to continue with this trend.
We are now in a retracement and are looking for reversal setups near the 38.2% fib level and 61.8% fib level.
Look to target higher toward major resistance levels after seeing a bullish transition with strong setups.
EURJPY Daily Analysis August 16th, 2020EURJPY Long Idea
This pair has been very bullish on the daily and 4hour timeframe and we are going to continue with that trend.
At the current level we have two potential long opportunities:
1.Price action pulls back to form structure at the 38.2% fib level and forms a higher low with strong bullish setups. Look to target higher toward the monthly zone and -27% fib level.
2.Price action momentum continues and pushes through our monthly zone. Look to enter on a higher low above this zone. Target significant resistance level.
For us to consider short opportunities we need to see a significant bearish transition and a break below 121.250 with confirmed lower highs. Target low toward significant support levels.
USDJPY 4Hour Analysis August 16th, 2020USDJPY Short Idea
Overall we are very bearish on higher timeframes and are going to continue with this trend. Look for bearish setups at key fib & resistance levels.
Ideally we want to see a reversal at the current level. Look to enter on a bearish transition and confirmed lower high below the 106.000 monthly zone. Target lower toward our weekly support & -27% fib level.
For us to consider long opportunities we need to see a break of 107.400 with confirmed higher lows above. Target higher toward significant resistance levels.
AUDJPY 4hour Analysis August 16th, 2020AUDJPY Long idea
This pair has been in a very strong 4hour bullish trend and is currently at a major monthly zone.
We’re going to continue with the bullish trend and look for long opportunities above this zone.
Look for a significant break and retest of 76.700 with strong bullish setups to enter on. Target higher toward significant resistance levels.
For us to consider short opportunities we want to see a break of major support around 76.000 with confirmed lower highs below. Target lower toward major support levels
AUDUSD 4hour Analysis August 16th, 2020AUDUSD Long idea
Price action is very bullish on the daily and 4hour time frames and recently broke a major zone around 0.70500. Now we are seeing some consolidation above 0.70500 and are looking for potential long opportunities.
1.Look for a break and retest of 0.71900 with a confirmed higher low. Target toward the -27% fib level.
For us to consider short opportunities we need to see a major shift in price action. We would only consider selling when the major zone around 0.70500 is confirmed broken.
EURJPY 4hour Analysis August 9th, 2020EURJPY Short Idea
On the daily timeframe and below this pair is very bearish.
Current price action is in a retracement and we are looking for long opportunities with the overall bullish trend.
Ideally we would like to see a reversal at the 61.8% with strong bullish setups. We can target higher toward our monthly resistance zone and -27% fib level around 126.250
For us to consider short opportunities we need to see a significant break of 124.000 first with confirming lower highs. The real transition will take place after 122.750 is broken and price action moves below it.