BTC/USDBitcoin/dollar has shown an Elliot wave 5th wave pattern with a ABC correction on the 4HR time frame , making this a completed wave 1 & 2 on the daily time frame. Price has rejected the 0.618 Fibonacci retracement level with strong bullish candles. Will we see a 3rd Elliot wave to the long side on the daily or break further to the downside ?
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USDCHF TREND CONTINUATION POSIBILITYTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation for movement to the upside and but if the market trend starts to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 269 pips will be up for grab with small risk SL at swing low. the previous signal on this pair was 308pips we are looking to capture a continuation of this movement to the upside.
Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
EURUSD Potential corrective waveTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into negative territory for trade entry confirmation for movement to the downside and trend filter to read a bearish value. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 268 pips will be up for grab with small risk SL at swing high.
Profit expectations: 15 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
NZD/USD WEEKLY OUTLOOKNZD/USD Weekly perspective. Simple Weekly fib D2 extension confluent with resistance. Also if you check are NZD/USD daily post we also have another fib targeting the same resistance therefore this is are next target for NZD/USD Only looking to long this pair waiting for the perfect opportunity patience pays!