GBPCAD Short Set-up - FX Trading Signal$GBPCAD #Forex #Trading #Signal
Entry @ 1.571
SL @ 1.540
TP @ 1.65
Technicals:
- Bullish Divergence
- Elliott Wave Bearish Impulse complete
- Bullish Harmonic
- Fibonacci Projections
Many pips ahead!
Wavetheory
EURCHF 4 Hr. Short Opportunity! + Trading PlanWelcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
NAS100USD - DAILY TIME FRAME The Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
NQ dropped as expectd after completing a corrective a-b-cYesterday NQ tagged the Red Supply zone and completed a corrective wave iv down.
This morning we are getting the first leg down of wave v down
BCHUSDT 4H: Possible SHORT#BCHUSDT The market has the potential for an downtrend to 95$
First target 104$
SL 133$
XAUUSD ANALYIS UPDATEGold price reach at an interesting zone yesterday price failed to break demand zone and still hold this level now we see both chances sell or buy if reject this zone then buy if breaks then we sell
GBPCHF LONGFor a very long time, since 1993 GBPCHF is in down trend and it has created completed the 3rd wave on 1 august 2011. Till then its in a flat correction for the 4th wave of the circle. And for the 4th wave its forming ABC pattern while A & B of the ABC flat correction is also completed and moving for the C leg of the 4th Wave. Today is 15th August, and historically August is the bottom of the 3rd wave, so we expect long position for this pair. For this idea our invalidation level also marked. All the best!
NIFTY ELLIOT WAVE ANALYSIS 15TFNIFTY ON 10-08-2022
After a narrow gap-up opening, the Index observed a minor profit booking was during the first trading hour and NIFTY took support at its first level (Near 17548) and traded in a range bound manner during the entire day.
Balmer Lawrie - Wave 4 UnfoldingIn Daily stock completed Wave 1 - 2 - 3
Current Wave 4 Unfolding
Since wave 2 was deep, chances are wave 4 will be flat
Near term resistance and wave 4 unlocking may happen near 120
Post that stock has minor resistance at 130
Den straight away to 150
Keep an eye
Ethereum; Probable Scenarios (Short to Mid/Long Term)More probable scenarios for Ethereum ( BINANCE:ETHUSDT ), Short to Mid/Long term.
CADJPY ANALYSIS UPDATECADJPY price reach at its supply zone now both chances for long or short but we think price breaks the zone and continue to go up
XAUUSD ANALYIS UPDATEGold breaks its bearish trendline and done retest and also complete its impulse wave and on the way for correction so we still see bullish move this week 1839-52
BNBUSDT 1H: Possible SHORT#BNBUSDT has the potential for an downtrend to 292$
First target 302$
SL 324$
USDCHF TRADE ANALYSISPRICE BREAKS THE BEARISH CHANNEL AND ALMOST DONE RETEST we need rejection then we find long opportunity
EURUSD ANALYSIS UPDATEEURO breaks its bearish trendline and done retest now we need rejection then we enter for long
XAUUSD ANALYIS UPDATE#GOLD reach at its bullish trendline so we need breakout then we find a good sell opportunity
USDCAD Long: Excellent Buying Opportunity To Take Now!USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines).
Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend. Clear momentum divergences on the MACD and RSI support this idea as well.
On top of this, the pattern comes at the very end of another pattern we love to see: an expanded flat (as outlined by the (A)(B)(C) labels). This gives even more confluence to our idea, as a flat pattern is one of the core corrective patterns we trade here at Parallax.
Exactly how you enter is up to you. You can enter now, or wait for the highs around 1.2950 to be breached first. Regardless, the invalidation level for this trade is 1.2766; price must not move past that level for this wave count to remain valid.
This trade setup was created using the rules and guidelines of the Elliott Wave principle. We love the Wave Principle: it's our #1 choice when it comes to forecasting and technical analysis. We strongly believe that no other trading system gives you the same level of confidence when trading. The wave principle provides a rules-based approach for trade entry and exit, as well as active position management.
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.
QQQ SHORTReasoning explained in the chart:
1. MACD and RSI divergence
2. Finishing of wave B and major fib level
3. Price hitting the upper end of the channel.
Million $ strategy for option buyersoption buyers can consider buying OTM call options in SPX or any indices as it broke out C>A
first target of wave C, is 4030
if it breaches this level expect 4220 as 1.62of A
buying after C wave break-out is the winning secret of option buyers
AUDNZD: A down wave will be coming soon...Hey Traders, FX:AUDNZD is almost ready for a down wave. Wait for market to give you reaction and look for sell setups, it's a medium term trade.
We can see a 100 pips move minimum and if we get a correction, another drop will be coming to break previous lows as well.
P.S. Do not think that market cannot go higher, wait for your sell setups before you jump in.
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 OUR 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
Trade with care
We Trade Waves Team
CADJPY Triangle Gives Us Clear Entry for a BuyTriangles are always a treat to find on the charts. This is because the pattern provides an entry signal that is clear and easy to execute.
In Elliott Wave Theory, a triangle pattern consists of 5 internal subwaves, ABCDE. When those subwaves are complete, a break of the triangle is expected in the direction of the trend that occurred prior to the triangle. In this case, we are expecting a thrust to the upside, now that wave (e) is potentially complete.
Triangles always come before the final move in the larger term wave sequence. In CADJPY, this means we are expecting one more wave to the upside before price corrects to the downside. The triangle pattern gives us everything we need to catch that final bull move. Price must remain above the invalidation level of 103.34 for this interpretation to remain valid.
At minimum, we expect a move to the previous highs. We are targeting the 108.00 handle as our initial profit target. There is a good reason for this too... comment below if you want to learn how Elliott Wave Theory can help you find high probability targets as well.
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
GJ countertrendGBPJPY is on upside but as we know the market move by forming Highs and Lows (wave form), I expect a little bullish before starting to fall then after it will continue with it's trend BULLS with a high momentum
