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EURUSD - Explosive Move Ahead! 🚀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 bullish reversal. EURUSD is inversely correlated with DXY, which has almost finished its bullish cycle. It would be a good idea to keep an eye on certain USD pairs such as Gold for a reversal correlated with EURUSD. MONTHLY The monthly chart shows a 5 wave move which has almost completed. Keep a close eye on this. It's going to be a big one!
by WicktatorFX
21
AUDUSD 150pips - EASY ONE! Must READAUDUSD 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 list, AU goes UP, EA goes DOWN, happens 80% of the time. (A stone for TWO Birds... ) // #2 Entry (Confirmed Entry, Minimal Reward) // -: Wait for the SH (Stop Hunt) of the PL (Prev Low) and buy on the close back above BL (Baseline) // INVALIDATION // On #1, Entry 40-50pips SL from where price touches the H4 LB (Our exits are only only on candle close) On #2 Entry, when price rejects below the BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it. TARGETS - For me, I am looking at H4 800EMA and Max target as you can see on D1 will be gunning for that D1 200EMA P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
by TheHOODofCRYPTO
EURAUD 300pips - High Probability Setup// 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 the BL (Baseline) // INVALIDATION // On #1, Entry 40pips SL a=from where price touches the D1 UB (Our exits are only only on candle close) On #2 Entry, when price rejects below the BL, the SUITE INDICATORS will print a SL zone on the chart for you, use it. P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
by TheHOODofCRYPTO
GBPCAD - Catch This Massive Swing 🚀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 appears, enter with stops below the lows - Targets: 1.66 (1100pips), 1.76 (2100pips), 1.8 (2500pips) Please be cautious when trading GBPCAD as its really volatile. Goodluck and as always, trade safe!
by WicktatorFX
7
EURCHF - Catch Wave 3! 🚀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 to the structure level - Watch for a bounce before entering - Stops below the structure level - Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips) As always, goodluck and trade safe!
by WicktatorFX
5
EDUCATION - Types Of Confirmations 📚When trading, it is important to have confirmations. Confirmations are when price moves in a a particular way which tells us that our setup is valid and even, ready for entry. We have 3 main types of confirmations. 1. Trendline Break This confirmation is very simple yet very effective. When price is following a trend, you can often find that there's a trendline that can be placed. This trendline is used as a guide. eg. When price stays below the trendline = bearish when price goes above the trendline = bullish Entry Method: Entry on break of the trendline with stops below the lowest price before the break 2. Break of structure Price tends to test and respect significant price points. e.g. We can draw a structure level when price rejects a certain price point and assume that when price stays below that level = bearish When price breaks above that structure level = bullish Entry Method: Entry on break of structure OR retest of that structure level 3. Moving Average Cross Over Using 2 moving averages can help you ascertain whether price is bullish or bearish. In the crypto market, the 100 and 200 moving averages are often used. eg. When the 100 moving average is below the 200 moving average = bearish When the 100 moving average is above the 200moving average = bullish Entry Method: Once there's a bullish cross over (100 over 200), we can assume price is bullish. We can look for pullbacks for entry COMBINATION Confirmations can be most reliable when more than one is used at the same time e.g. trendline break and break of structure. Please note that these types of confirmations work with ALL market, whether it is Crypto or Forex. See below for various examples of using confirmations when entering the market, particularly the crypto market. BITCOIN ETHEREUM LITECOIN Saveable post:
Education
by WicktatorFX
12
CHFJPY - BIG TRADE SETUP 🔥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 below the recent lows - Targets: 137.7 (350pips)., 140 (600pips) Long Term Trade idea: SELL Once we've completed the 5th subwave and concluded the overall 5th wave, watch for bearish price action. Once it appears, enter with stops above that recent high and hold your trade. Midterm target is 120 (2000pips) Goodluck and as always, trade safe!
by WicktatorFX
19
AUDCAD - Minimal downside, Maximum UPSIDE! 🔥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 timeframe and enter. The invalidation level for this setup is the structure level. Wave 2 shouldn't go beyond the start of wave 1. Trade Idea: - Watch for lower timeframe bullish reversal patterns such as trendline break, BOS, MACD/RSI etc/ - Enter with stops below the structure level - For confirmation, you can wait for the red trendline to break. This method would require a bigger SL so just be aware of that - Targets: 0.914 (210pips), 0.95 (580pips), hold a small position for a swing trade Best thing about this trade is that we're at the bottom so we can have a clear invalidation level! Goodluck and as always, trade safe!
by WicktatorFX
3
NZDJPY - Plan For The Year ✨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 fibonacci - Enter on trendline break with stops above the recent highs - Targets: 80 (550pips), 78.6 (700pips) LONG Trade Idea: - Watch for the ABC correction to complete above the wave 4 invalidation level (blue structure) - Once bullish price action appears, enter with stops below the lows - Targets: 85 (700pips), 87.3 (900pips) 89 (1050pips) See below for lower timeframe analysis. Break of orange trendline = risk entry Break of red trendline = safe entry Gooduck and as always, trade safe!
by WicktatorFX
9
NZDJPY - Higher Timeframe Overview ✨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 can catch the final wave down of wave A. SHORT Trade Idea: - Watch for price to breakdown on lower timeframe - Targets: 79.5 (380pips) 76 (720pips) As always, goodluck and please do trade safe!
by WicktatorFX
9
NASDAQ - The Major Correction 🩸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 fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in place to actively monitor any sort of breakout. Bare in mind that a breakout may be a complex correction as opposed to an actual break. We just need to see how price action plays out and then go from there. Right now there isn't any trade setup as we're in the middle of the move. Once we see any sort of corrections, we can prepare ourselves for a trade. Hope this post helps you understand the current market structure. Goodluck and as always, trade safe!
Editors' picks
OANDA:NAS100USD
by WicktatorFX
57
NETF*** - The Beginning Of The End?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 start of the pandemic. As with all great series, it must come to an end, much like Netflix's uncontrollable growth. Recently Netflix took a massive hit when their estimated growth in subscribers felt below par. It was projected that they'll get 2.5million new subscribers, which fell below investors expectation of 6.93million subscribers which started the year off pretty badly. Coupled with price hikes and competition from other streaming platforms, Netflix was haemorrhaging subscribers. Recently, it took even a bigger hit. Investers were expecting Netflix to report another quarter of slowing subscribers growth but the results were even worse. Netflix lost 200k subscribers and it is expected that they'll be losing a lot more - perhaps millions. Technical Analysis From a technical standpoint, Netflix has started its downtrend and both fundamentals and technicals don't appear to show any signs of a reversal coming anytime soon. Would be a good idea to sit on the sidelines for now and see how far Netflix will drop this quarter. What do you guys think? Leave your comments below!
Editors' picks
NASDAQ:NFLX
by WicktatorFX
96
NASDAQ - FED RELIEF RALLY ✨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 structure level, we're looking at 12,000 - 12,600 level for a bullish reaction. Trade idea: - Watch for price to move lower to the structure level or just below structure level - Watch for bullish pressure around the time of FED event - Enter with stops below the lows - Targets: 14,300 (1,400pips), 15,200 (2,400pips) Goodluck and trade safe! See below for our previous analysis on NASDAQ.
OANDA:NAS100USD
by WicktatorFX
4
NZDCHF - Watch For Reversal 💸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 bearish trade criterias to be met - Target 0.626 (160pips), Next target 0.612 (300pips) Goodluck and trade safe!
by WicktatorFX
8
My BTC Analysis 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 structures of the previous day. From own view, the market is likely to go back to the previous low level to pick up an OB in other continue the market trend.
BITSTAMP:BTCUSDLong
by Ifeanyichukwuxx
6