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Wavepatterns

Possible long-term scenarious for EUR/AUDThis pair is giving me some hard time in terms of its future behabiour. Despite the fact that I am pretty sure it is going to move higher at the moment I do not have a clear picture of when it is going to happen. This is why I have two bullish scenarious. Either it makes one more down move and then takes off like a rocket or it has already taken off and you need to wait for a retracement to get in. By the way the pattern under scrutiny is an ending diagonal.
Long
by AleksandrLombrozo
Possible ending diagonal for AUD/USDThose who are aware of wave patterns might want to find clear similarities between two encircled areas. The pattern under scrutiny is an ending diagonal which could bring AUD heavily down. Those who trade momentum indicators could turn them on and discover divergencies on 1H up to 8H. Even if the pair is eventually going up it will have to retrace some more which I want to believe will happen due to the consequences of this ending diagonal
Short
by AleksandrLombrozo
2
USDCAD Reversal - Cheap Canadian Dollar In demand Zone My Two Cents: USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand Weekly : Price Testing Cloud Zone - Rejected Once Daily: Price is starting to retrace from a daily consecutive bullish trend 4H : Reversal in effect 1H : Double Top Is Clear Now to confirm this sell, I will wait for a clear impulse down. Followed by a retracement of that impulse to form a ( Flag ) and then sell the Flag formation. Stop : 1.36200
Short
by VolcyWaveIntlx
EURJPY Short Term Sell Opportunity Price is testing a trendline of a long term channel where we may have a setup completion in the upcoming week. Having in mind that we are in a correction we may soon have the end of this correction and have the beggining of the next impulse. We should keep a closer eye for a breakout below the corrective structure and sell EURJPY. Daily chart: On Monday i will host a webinar analyzing all forex markets for potential setups in the upcoming week. You may register using the link below: attendee.gotowebinar.com Have a nice trading week..!
Short
by Fxprotrader
1
EURUSD Wait For A Correction Before Going ShortAs expected brexit had a massive impact in most of the currency pairs, with EURUSD being in that list. Price dropped massively breaking a long term uptrend but as we may see in the chart we are already in a correction. Patient traders should wait for price to retrace in o corrective mode probably to the broken level where we should watch for a sell setup. But there is a high probability to find solid buy setups during this correction. If any buy setup completes i will update this post. On Wednesday i will host a webinar where i will show you how to identify harmonics and how to trade them the right way. Register using the link below: attendee.gotowebinar.com Have a nice trading week...
Short
by Fxprotrader
9
GBPUSD Key Level To Watch For A SellAfter this massive sell off after the brexit referendum, price broke below a long term corrective structure. Although we may have several buy opportunities in the upcoming week, our main view is that price after a correction will continue it's way south. A great level where we should watch closer for a sell setup is the 50% fib level of the massive downmove where price will test the lower trend of the long term corrective structure. In addition looking left at that level we may see that we had plenty of action. On Wednesday i will host a webinar where i will show you how to identify harmonic patterns and how to trade them the right way. Register using the link below: attendee.gotowebinar.com Have a nice trading week...
Short
by Fxprotrader
Project 1001 Pips - AUDNZD Watch For Breakout At Both DirectionLast week we posted a potential setup where we expected price to enter a key zone something that didn't happen. Still price moves into a correction and we still keep an eye for a breakout below this structure. If we have this breakout we should keep a closer eye for a setup and go short. In case we see price breaks above the long term downtrend, structure changes and longs are the ones we look for. Once again we should have a buy setup to complete after the breakout. If any setup completes based on my strategy i will update this post with exact entry, stoploss and profit targets. P.S: Register for next Saturday 2 July webinar where we will analyze setups for the upcoming week, update the ones we post this week and answer to your questions. Register using the link below: attendee.gotowebinar.com Those who couldn't attend today's webinar i will soon post it on youtube. Have a nice trading week!
by Fxprotrader
4
Project 1001 Pips AUDJPY Sell Opportunity AheadLooking at the higher timeframes we may see that price with a sharp impulsive downmove has broken below a long term corrective structure and is now is retracing back to the broken level in a corrective mode once again. Most likely it will bounce from that level for another down move. We should keep a closer eye for a breakout below the correction. This will signal a sell setup with profit target as shown at the chart. Larget view of structure:
Short
by Fxprotrader
16
SPX500 Pending Head & Shoulders Pattern A bearish shark pattern is working pretty good till now and after a sharp drop from it's D ponit a correction is expected. If price pulls back for that correction it will probably complete a head and shoulders wave pattern which will most likely push price to the down once more. So watch for a sell setup to form at the level of the left shoulder, with a second option is to wait for price to break the neckline of the pattern. Keep your trading simple, follow your own plan! Like and comment if you agree!
FX:SPX500Short
by Fxprotrader
6
Crude Oil High Probability Sell SetupIn my previous post on usoil, we had a bearish gartley pattern, which didn't work well (see link below). I was still waiting for oil to retrace, and we now have a much better setup to get involved with. Price broke below a rising wedge pattern after being rejected from a key zone formed at the upper bond of the pattern with MACD divergence showing that this uptrend has no more power to continue it climb. We should now wait for a small retrace (correction), watch for a sell setup to complete and sell crude oil.
FX:USOILShort
by Fxprotrader
8
Harmonics & Wave Patterns In Great SynergyIn the daily AUDCAD chart we have a pending bullish bat pattern with waves XABC have already completed. Price is moving in a descending channel with MACD divergence already in presence. If price continues this up and down move we will soon have the bat pattern completion giving us a beautiful buy setup. When everything is in plave i will update this post.. Keep your trading simple, follow your own plan..! Like and comment if you agree..!
Long
by Fxprotrader
4