ETHUSDLet's keep this simple. New high was made recently. A higher low is forming. Can price retest the previous high? I can see it rejecting the previous high and going lower. What do you think?
Trades
XAUUAS REACHED OUR aimXauusd reached our position in long action from yesterday
But to be honest my first action for buying gold was field but i wrote a comment on my past idea that i will get in at new position for long as you saw in chart but there is NP at this cause all of trading stands on risk management….
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ETHUSDLet's see if price continues to melt down. Let's see if price reaches 38 to 50% retest of recent low. If price reaches 100-123%, we will look for short term long depending on price action.
NZDUSDNow that the long target has been reached, let's see if we get a retracement of 38 to 50% of the recent low. If price reaches 100 to123%, we will look for longs depending on price action. Previous idea is connected down below!
NZDUSDBullish divergence on rsi? Double bottom indicator and lower low price action? Looking USD weakness after a strong FOMC day. Could price retest recent high to some degree?
EURGBPBearish RSI divergence with double top on indicator and higher high? Over extended bull run? Let's see if price retest the recent low.
CHFJPYI like the price action here. CHF took a lot of damage. let's see if we get a retest of recent high.
EURCADLooking for price to retest the recent highs. Price is at a level im comfty with to get some type of bounce to the upside. Let's see what happens.
Spy FuturesLet's see what happens! Possible Bullish divergence on the RSI with the double bottom on indicator and price action creating lower low.
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eurnzdCould be at the end of an ABC Zig Zag wave pattern. Getting some bullish candles in with bears still fighting for position. We are looking for price to reach 38% or 50% or even 100% of the recent high.
ethusdPossible expanded, regular, or running flat. If not, it could just be a 38% retrace of the recent low. Let's see if price can reach the shaded area. Possible bearish divergence on the daily timeframe.
nzdcadPossible pattern spotted. Head and shoulders pattern forming? ABC ZIgzag?
Let's see what happens.
GBPAUDCould be making a regular, irregular, or expanded flat. Let's see if price can reach the shaded area.
ETHUSDWe are just coming off of a bounce of a flat wave. Price has already reached the 50% target. We want to see if we can reach 78% to 100%. Would be lovely if we can reach a double top if price retests the high of wave B.
SL: 0%
TP 1: 78%
TP 2: 100%
GBPCADPossible Expanded Flat. Price could touch 161% before moving upwards.
Stop Sign
SL: 142%
Flag
TP 1: 38%
TP 2: 50%
Gift
TP 3: 100%
AUDNZDPossible Expanded Flat. Price could reach 161% before taking off if trade is valid.
Stop Sign
SL: 142% (Risk management purposes. Will add order at 161%)
Flag
TP 1: 38%
TP 2: 50%
Gift
TP 3: 100%
SPYA retest of the current trendline would put us near $380. We will look for a breakout to the downside or if price may test the high after this move.
DXYWe could be at the last bear run on the DXY until we see more damage in the usd makets. If we look left, we have just completed and abc zig zag which transformed into a new abc zigzag to the upside which may turn into one of the abc flats depending on price action. The party is still going on which is cool but be careful because there is work in the morning lol. If one of the flats do work out, then after that, i would expect a stronger dollar down the line.
AUDNZDWe may have spotted a double bottom with a regular flat elliott wave setting up here. Price could retest wave "B" anywhere between 50 to 100%. We have our targets and stop loss set. Let's see what happens. If price does form a double top, we will take another look to see what may come next.
ETHUSDThe main reason im bullish at this moment is due to there being potential bullish rsi divegence between the rsi having a double bottom with there being a lower low in recent price action. I believe that we have just finished a "abc" wave pattern and may be ready for a retes of the "b" wave anywhere between 61 -100 percent. Which would create a double top. I this happens, I would expect the current wave to form into a 2 wave with price going lower in the future. If price goes below 1570, we have a sell stop set there as this could form into the "c" of a downwards "abc" wave which would then be considered the end of an head and shoulders. Either way, we are in a corrective state here considering the stage of price action we are in. Let's see what happens.
