EURUSD has been in a massive downtrend and it appears we are almost at the bottom. We are currently on the final bearish wave - which is made up of 5 subwaves. We've recently seen a perfect rejection of the 618 fibonacci and we've started the final bearish push. We've seen subwave 1 and 2. We are currently in subwave 3. Expecting 2 more waves and then a major...
AUDUSD is currently correcting within a BULLISH TREND so we are looking at a continuation around the LB . (Reason -Structure, H4 & D1 Bullish , SUITE B, Ema Cloud) // #1 ENTRY (Risk Entry, Good Reward) // -: Wait for DXY for reach UB then we will be ready to attack this USD pair around the PREV LOW/ LB. Also, IF AU will do this, we need to add EURAUD to the...
// THE DIRECTION // EURAUD, we are looking at a SHORT-TERM SELL OFF (Correction) on this pair. (Reason -D1 div leg anticipatio, FIB, SUITE B H4 is ready for a bearish leg ) // #1 ENTRY // -: Wait for the DIV leg to show up around UB (Upper Band) on D1 then smash a SHORT. // #2 Entry // -: Wait for the DIV leg to happen and then rejects back down fixing below...
EURNZD is currently in a major ABC (probably parallel) ascending correction. We've completed waves A and B. We are now in Wave C = 5 waves. We've almost completed wave 1. The next move is the wave 2 lower. Trade Idea: - Watch for the red trendline to break to confirm wave 2 has started - Enter with stops above wave 1 - Target 1.64 (400pips) but slowly taper...
Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters. There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel. Trade Idea: - Watch for break of the descending red trendline for confirmation - Once entered, SL below the lows (below...
GBPCAD is currently in a big ABC correction. We saw a really complex midsection (wave B). We are now looking for bullish price action to catch wave C, which is going to be a massive 2500pips. Trade Idea: - we are currently seeing a brief retracement on lower timeframe. Watch for that to complete and bullish price action to appear - When bullish price action...
EURCHF is currently in wave 2, which is an ABC wave. Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave! Trade Idea: - Watch for price to come down...
The bullish leg of CHFJPY is coming to an end very soon. Elliott Wave theory states that waves 1, 3 and 5 have 5 subwaves. We can see that we're in wave 5 now and we've only seen 4 subwaves so far. Anticipating subwave 5 higher before the completion of the over 5th wave. Short Term Trade Idea: BUY - Watch for the break of the red trendline - Enter with stops...
GBPNZD Is approaching Key sell zone. Both in D1 and H4 TF.
AUDCAD has recently double bottomed so we can assume that buyers are stepping in. From an Elliott Wave perspective, we have started the bullish wave and we've seen Wave 1 and now currently in Wave 2, which is an ABC correction. We are currently on the C leg of the correction. We just need to wait for price to create some sort of bullish reversal on lower...
Our last NZDJPY analysis was invalidated and did not get triggered for entry. Since then, we went back to the drawing board and realised that we're still within Wave 5. Wave 5 is made up of 5 subwaves and we are currently on the 4th subwave, which is an ABC correction. We are now trading the C leg of this correction. SHORT Trade Idea: - Watch for rejection of...
NZDJPY recently completed its impulsive wave (see chart for breakdown of impulsive schematic). We are now in the corrective phase, which is an ABC correction. We are almost at the completion of wave A. Expecting one more move lower to complete the 5th subwave of wave A. Expecting a deep pullback once the 5th subwave has finished. Whilst we wait for wave B, we...
Our last analysis on Nasdaq played out PERFECTLY. See below for our previous setup and click play to watch the magic happen... Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the...
Netflix is one of the many companies that used the global pandemic to their benefit. With millions being in lockdown, there was only so much board games you could play before you switched on Netflix.. and chilled. When the pandemic hit in March 2020, Netflix saw a staggering growth of almost 100% in just a few months. In total, it went on to gain 142% from the...
Following on from our last post, we are seeing the wave B decline and almost at completion. We are anticipating the next wave C during the FED rate decision on March 16th. Depending on what they decide on how to deal with the balance sheet, we may see a nice relief rally. The area to look for a bounce is the recent structure level at 13,000. If we move below that...
NZDCHF is currently making its way to the 618 fib where we are looking for a retracement back down to atleast the first structure level at 0.626. Watching closely for rejection of our sell zone and lower timeframe bearish price action to indicate that the reversal is on the way. Trade Idea: - Watch for rejection of 61.8 - On lower timeframe watch for your...
For the Past month, btc has been on a downtrend. At this moment the market created a low @36375.25 price and went all the way up to create a high @39250.00 price then, goes down again to establish a new low @34320.00 breaking the previous low. The next day, price surged upwards mitigated the previous low and breaks the previous high as well as breaking all the...