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Wavetheory

USDJPY - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on the chart. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
by Tradelikemee
USDJPY Rally Slowing Down; Get Ready to Go ShortThe USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam. Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be developing? Another triangle! If you saw our previous post on this pair, you know that we love to see triangles on the chart, as they are indicative of a trend change. So in this case, we are expecting a small wave up to new highs, after which a swift reversal should occur. Price must remain above 138.56 for the triangle interpretation to remain valid. If this wave count plays out, we will have significant opportunities to go short this pair. Let us know what you think! At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Short
by ImreSG
USDJPY Rally Slowing Down; Get Ready to Go ShortUSDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)). This is very telling from an Elliott Wave point of view. Why? The triangle pattern ALWAYS precedes the final move in the larger term sequence. So, if we have a triangle pattern in wave ((4)), this suggests that we need a final wave ((5)) up (which price is tracing out now), after which the trend will shift to the downside. How exactly you enter this position is up to you. You could wait for price to break through the support shelf around 134.30-134.80. Or if you practice Elliott Wave theory, you could wait for a smaller time frame impulse wave to the downside to confirm the new trend. Either way, we believe that the best trades in USDJPY will be to the downside. At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
Short
by ImreSG
1
ADA Weekly chart analyzehello everybody hope you have good days. today i want to analyze ADA altcoin in 1W chart for long term. according to the VASIL hardfork that will be happen in early month (june 2022) and this upgrade will be so amazing and increase network throghput. so we have a good fundamental for ADA these days. now lets go to chart: you see that we have completed a 5 impulsive wave and ADA saw about 3.20 price and after that we start a very deep correction. now you see we can approch end of this correction at the overlap levels of fibo (ret 0.38 and proj 0.50 like i show on chart) and also we are a good support level in around 0.4 price. overlaping this fibo levels and this support strenghen our perdict. after that we have an ABC correction wave after impulsive an seems to be ended. our momentum in 1W timeframe is in oversld levels. now if we lose this support(around 0.4 price) we can go down till brown area that i show on chart.(this levels is overlap of 100% and 61.8% fibo levels and a good support level according to history of market. just dont forget to place your SL below first support level to prevent losing more if we lose this support. SL=0.38 thank you all for your support. !!NOTE!! ((friends when you support me and follow me and comment on my posts you can teach me more about market. im very interested to learn more and you are the best teacher. please support me for more posts thank you))
Long
by TraderAmin-KZ
CRO longterm targets.hello everybody. CRO seems to be at the end of an ABC correction and compeleting C wave. according to the 100% wave A retracement and 261.8% wave B extention and these two levels overlaped. this level is a good support level. and momentum is in oversold area and pulledback to exit this condition. after end of correction we can see a yellow target level that i show on my chart. this level contains three important factor: 1-moving average 200 2-old valid trendline 3-50% fibo retracement level of ABC correction. . . . FUNDAMENTAL: CRO have good fundamental and good news these days. the most important news was partnership of crypto.com with qatar fifa worldcup. and in these 4 5 month we can see good grows in this lovely altcoin. . . . dont forget to manage your capital and risk. . . . if you take a trade you must set a good stoploss. (NOTE!!! this article is my own opinion and its not a trade advice. please tarde on your own opinion and use others opinion to improve your analyze.) . . . so i will do that.please support me and i wish use your experience and you can help me to improve my abilities. thank you all.have good days.
Long
by TraderAmin-KZ
2
EURUSD UPDATEEU on the HTF is in a strong downtrend, price has recently bounced from the strong psychological level of 1.0400 and formed equal lows from a daily perspective, below these equal lows is liquidity i would like to see removed before we can move higher. Dropping down to the 4H TF since the recent bearish impulsive wave to the downside price has now provided us with a new corrective wave - this retracement move is currently testing the 0.618 fib in the form of a rising wedge, we can identify the range is tightening and we expect a breakout soon. For entry confirmations i would like to see a sweep of the current intraday highs and push above the top ascending trendline of the wedge to stop hunt early shorts, and come into our area of confluence with the 0.786 fib and psychological level of 1.06500, inside of this identified zone we will drop down to the lower timeframes and look for one of our valid entry confirmations to capitalise on the next impulsive wave down.
Short
by ITSCRYPTO1
LONG ON SOLUSDTWe are looking at a move from $34 to $39 the Long drawing tool shows the entry the exit and the stop loss. If we break $42 then the next target is $46-48 and then next target is $56. I think the news of Sol taking control of the whales account yesterday was either positive and people are buying knowing that the SOL owners are on top of protecting the community or it is being fueled by short traders expecting a dump to the liquidation price of $22 because of the 138 million dollar long that they announced was going to crash the network tokens price. This is the fastest network on the planet guys and so much NFT projects are being built it is insane so I think the whole news about taking control of the account are fake and majot FUD because we see plenty of volume coming into this asset ever since! The market is a crooked place full of fake news but the volume never lies! It is always the one thing you can count on!
Long
by FLASHGORDON10