Idea is based on a combination of Elliot Wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets. Good luck guys
Idea is based on a combination of EW theory and median line analysis. The rationale behind this setup is shown on the chart. Unfortunately due to the dynamic nature of my TA I cant give you a fixed stop loss for the LONG setup. Use the RSI and watch price action to determine where to go LONG!. Please zoom out to see the pitchforks which I use.
The AUDUSD is forming the right shoulder as we speak. I am going to make a small quick play on the AUDUSD LONG until it finishin the formation of the shoulder. Then I will SHORT it until we get to the support line deciding if we keep going down or rebound to new highs.
Idea is based on a combination of Elliot wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good luck guys.
Idea is based on a combination of Elliot wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop loss. Good Luck
This idea is based on a combination of median line analysis and Elliot wave theory. The two gray and blue pitchforks date respectively back to 30-04-2014 and 05-09-2013. Please zoom out to see both slopes. The reasoning behind this technical analysis is shown on the chart, along with concrete targets and stop loss. Good luck guys
We are at 12 candles sticks before ECB PResident Mario Draghi makes its statement with regard the interest rate. In both cases, lowering interest rate to -0.25 or keeping the interest rate as it is will not give an impetus to the market because European Banks own savings will not go to investment or to facilitate the credits line for SME's, and the private...
USDJPY is floating in a large band between 103,5 and 101 since JAnuary 2014. It was an easy trading. Around 103 you short and at around 101 you go long. After BoJ announcement of the tightening of the monetary policy, and the tappering, the balance and the swing would have been almost the same with a rising trend in favor of USD. But there is a new situation...
Well everything is said on the title, but if we do look carefully on the chart, the reversal pattern didn't end yet. MA50 and MA100 are not crossing yet. We caliber MA on a faster period, we are not there yet. USDJPY Pair arrived at a 50% Fibo retracement level. That support level is rather strong. Bellow, it's the 100YEN level which is quite strong as well and...
We are pushing out the actual downtrend. Sign of reversal or just starting a new downtrend ?