POTENTIAL BUY TRADE ON GBPJPY -BREAKOUT OF FALLING WEDGE PATTERNAs it can be seen from the chart, GBPJPY broke a critical resistance price level which has since then been retested. Evidently, it has successfully retested that level which has now become a strong level of support. In conjunction with the break and retest of the key level, GBPJPY has broken out of a bullish falling wedge pattern, increasing the probability of this trade being successful and reaching the expected price target.
*NOT FINANCIAL ADVICE, MERELY AN OPINION*
Waveanalyis
Financial Wave. LitecoinOur priority scenario in Litecoin has changed after yesterday's drop below $90. We still believe that LTC will continue to rise in wave 3 above $105.57, shorter term targets we will be able to determine after the correction is over. A drop in price below $81.76 cancels this scenario.
NZDCHF Next Opportunity For This PairHello Traders, here's how I'd be approaching NZDCHF for possibly shorting opportunities. Overall on this pair, we're down-trending on higher timeframes and we're really just scaling down to lower timeframes to look for entry reasons to the downside, at least until the HTF bullish bias is invalidated. We've been able to catch shorts with members of our community in previous times for a decent 10RR, and today I'd share with you our next entry zone that we;d be considering for more shorts.
The zone marked in yellow is a decent supply zone on the daily timeframe, one from which we can expect a distribution and continuation to the downside. It also tallied with the premium fibonacci level 61.8 which is also a very decent price level to consider shorts. This is just a trade schematics and we'd urge that you also do your research. However, we will stay reactive and will be eyeing this zone for possible trade entries.
Give us a thumbs to support us make more updates as we see them on the charts.
Financial Wave. XRPXRP stopped the decline in wave 2 at $0.37105. We have assumed this in our priority and so we will continue to follow it. Wave 3 has quite high upside potential and we might see a strong rally next week. The first target remains the same, which is $0.42201. In case the price falls below 0.37105$, the upside scenario is likely to be cancelled. We’ll continue to monitor Ripple in our Premium channel.
XAU/USD (GOLD) BEARISH OUTLOOKOANDA:XAUUSD
HI , TRADER'S IN our last forecast of GOLD we predicted
That Price Will Make DOUBLEBOTTOM and reach minimum 1890$ , price perfectly reach tp1
Now price is trading in CHANNEL UP breaking down can make price bearish
Gold can reach 1865-62$ Again
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GBP/AUD RANGE TRADINGOANDA:GBPAUD
HI,TRADER'S , AS Per Chart analysis market is trading in tight range
Market is in Channel Down and in Channel price is ranging in descending triangle
scenario 1 that market break down triangle and retest channel and go further down to support level
scenario 2 That market break up triangle and retest upper trendline
Note : Wait for breakout and than take Trade
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NASDAQ (US 100) PERFECT BEARISH OUTLOOKCURRENCYCOM:US100
HI TRADER'S...I always Try My BEST To provide you neat charting
So it's Easy for you to understand , Our Last 90% Ideas went In profit
In Nasdaq 100 , Market Is in UP channel , 50 Ema at 12235 , Short term target
Market can breakout lower trendline And reach Major support at 11755 at 200 ema
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DXYIt seems that wave 5 is over, which can be a part of wave A or 1 of the corrective phase.
The index has reacted well to the areas determined for the completion of wave A and until the bottom of the hypothetical wave 5 has not been broken, this analysis is valid.
The red boxes are the ideal areas for the end of the hypothetical wave B.
Happy dollar days are coming..
How to never break your Trading Account?Follow We Trade Waves 4 Golden Trading Rules!
1) Do Not Over-Risk
Big Risk = big loss = potential big profit | Small Risk = small loss = potential big profit (Read this again)
2) Do Not Over-Trade
Successful trading is not about trading often, it's about being selective and trade correctly!
3) Do Not Trade Without Stop Loss
Check GBPAUD, CHFJPY, GBPJPY Daily chart and you will see market sometimes move thousand pips within minutes!
4) Never Ever Add To Losing Position
While you are thinking that you will break even faster which is true! you will be doubling, tripling your risk at the same time!
Print above rules and keep them in front of you while trading
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
WTW Team
GBPUSD Analysis and Update by WE TRADE WAVESHey Traders, looks like GBPUSD is going to make an Exp flat for another move up. Make sure to not jump in if market goes to 1.23 level and always use proper risk management.
P.S. Without a setup we will not enter.
So we will be looking for our buy setups and we will ignore any sell setups from current level, if structure changes we will update you
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
#BITCOIN to 12k?!Hey Traders, one more push down is very possible for Bitcoin - Check the price at 14k, 12k and look for buys!
Scenario 2 is also possible, if we get an up move and correction, another up wave will be coming.
We will ignore the sell setups and we will focus on the buy setups only.
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
EURNZD One move push upHey Traders, we are already in the buy and targeting 1.71 levels. If you are not in, wait for buy setups and you get in.
Wait for sell setups and do not jump in. You can target the Yellow zone.
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team
Neo Wave Learner doubtWhat is the difference between projection overlapping and "obviously different in price and/or time" in NEO Wave? In Pre-Constructive Rules of Logic, Rule#1, Condition_b, Paraghraph_4, it states "If part of m2's price range is shared by m0 and m3 is longer and more vertical than ml during a time span equal to (or less than) ml and m(-1) is shorter than ml and m0 and m2 are obviously different in price or time or both and m4 (or m4 through m6) returns to the beginning of ml in a time period 50% of that consumed by ml through m3, a 5th Extension Terminal pattern may have completed with m3; add ":c3" to ml's Structure list."
Here, m0 and m2 should share price range, which means projection overlapping, at the same time, it is mentioned, m0 and m2 should be obviously different in price&/time.
Experts please help..
Also, Mr. Neely mentioned, "m1 is longer than m3" in few other places, does the length means, by means of distance between 2 price points or by means of time distance or should i consider a multiple..