EURUSD POTENTIAL MOVE TO THE DOWNSIDEIf we see a break of this TL. I will be expecting a move down to my fib -0.27 mark. Keep an eye on this pair.
Theory
EURNZD Potential Wave Movesif we see a breakout on this pair we will be dropping down to lower TF looking for a trend continuation pattern or if we get a bounce we will be looking for a trend reversal pattern to the upsdie so keep an eye out on this pair
S&P500 Time for a short. Pure logic.Best week since 2011, it has to go down, before it gets further up. With lot of resistance from top, and most traders placing shorts, it will surely go down on monday. I am short at 2160. Targets at box.
Happy trading.
Possible ABCDI have identified a possible ABCD setup here on NZDCAD. I couldn't get A-C to the perfect .618 but .619 won't effect the setup at all since the bottom is 1.272 like it's supposed to be. Short til D then I go long with a stop loss of -15 pips and a TP of 60 pips for a 1:4 Risk/Reward trade
Long term view on GoldSo far the price have found Support around the 50% of the previous Up Movement (See the fib), However the last attempt to go higher seems to start losing momentum, because the most immediate up trend line (Demand Line) has been broken.
However that does not necesarily means that the bearish market will continue, in fact, depending on the price action, the current area could be atractive for taking long positions, off course if the demand is strong enought to impulse the market to the upside and if the price action say so.
In the other hand, if during the next months, the price is unablLSHe to break the LSH, and instead of it it makes a Lower High, I would be interested in look for short set ups in Lower time frames. In any case what is really important about this scenario is the place of the market right now, because it is located at an extreme ... Lets see how the action evolves during the next sessions.
EURUSD WAVE COUNT AND FUNNEL CONFLUENCEHello traders
As we see the eu rally higher and higher,
we might take sometime to figure potential
retracements before we buy again.
I kept the daily funnel from previous analysis
and in conjunction with my wave count
eu is stepping back to 1.12000 before soaring again
Point 4 is the safest bet to go long again.
Trade safe, trade well.
Fib Theory for GBPCADPlugged in a Fib to see how it looks, assuming this is the bottom, its in a good position to break the trend line, hit the .236, retest the trendline, then head for the weekly pivot at .382, possibly even more. Just a theory I wanted to share.
EURUSD wave count + Fib. time zonesHello traders,
Looking back on EURUSD this is what I see from an elliotician perspective.
I hope you find this helpful for your future wave count.
Please notice how the Fib. time zone tool complies with the wave count.
Trade safe, trade well.
AUDUSD Long Pullback in direction of trendprice is starting to consolidate inside a daily demand level while we have been in an uptrend. I'm looking for PA (price action: order flow)to confirm this level and see a couple of bigger bars to the upside. As institutions confirm this level then looking for profit targets @ the previous highs.
GBPUSD Possible short- Wave 1 finished -
- Wave 2 in the making - ''correction''
- Looks like- A wave pullback in a bigger ABC correction
- Possible short term '' sell'' down to fib level.
- Then turn to complete the B wave
EURUSD SHORT TERM LONG- Small A-B-C correction.
- Then some short term upside, before big downside move.
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FXMM could be building a bullish 5 wave, or is it really?FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9 push to the next Fib targets. The support zone 1114.4-1090 stays valid. We most likely will retest this levels if the Elliott Wave pattern breaks. I will recommend to buy a break to the upside, with profit targets based on structure support.
audusd long term downtrendif anyone is interested in my theory let make a chat i would love if someone see what i see , and i would love if someone help me with my strategy /
ICT Market Maker Buy Model - EURGBP Monthly MacroStarting with Top Down,
I will be practicing market maker models this weekend, until I can see them on Small Time Frames.
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Elliott Wave Double Three PatternCrude_oil is forming Elliott's double three correction pattern. One wave (w) has completed and the wave (A) of the other wave (Y) is near finishing. Now wave (B) will start. The price will soon reverse.
After some signs of the reversal, this may present good buy opportunity with great risk reward ratio.
Ending Diagonal Sell setupThere is an ending diagonal setup. The sharp sell off is expected to the starting of the diagonal. We kept our target at 38.2% of wave (3).
