ASAMForex

ASAMForex

It seems like price has completed an Ending diagonal with fifth wave breaking the upper channel (Throw Over). We expect price to move back down to retest the previous resistance now broken acting as support.

ASAMForex

We expect this move to occur after break and retest of the current support level created. Price has completed the first five waves move down, now is correcting the move. This will be followed by other five waves move that constitute the third wave

ASAMForex

Price have corrected through WXY pattern to the upside, currently we expect the movement down to correct the WXY. This is expected to reach 0.618 Fibonacci ratio.

ASAMForex

9 waves triangles occurs when wave "E" of a triangle is a triangle itself. Analysis reveals this formation, and it has already broken to the downside and retested to the broken lower triangle line. Expect a powerful drop in price from the current position.

ASAMForex

We expect triangle formation if uncompleted waves will support the structure. Triangle is the trend continuation pattern, so expect a strong move to the top when price leaves a triangle.

ASAMForex

Expect a drop in price in completion of wave C of the ABC correction. But currently wave be is not yet completed, so wait until you get signs of completion of "B" up then shot wave "C".

ASAMForex

I seems like a price id forming a flat correction, currently expect to have buy position in wave "C" to the top.

ASAMForex

This setup have multiple confirmations for sell trade, you can take it.

ASAMForex

We expect a sell opportunity in this pair when confirmation occurs after completion of the current wave "B" up.

ASAMForex

We expect a rise in USDCAD in completion of wave five.

ASAMForex

It seems like the price will drop sharply then rise up to complete the final wave of an ending diagonal.

ASAMForex

Expect a rise in this pair

ASAMForex

We expect to have this rise in gold in the coming week starting from JUNE 29 2020.

ASAMForex

Watch the move

ASAMForex

We expect USDCAD to respect the count presented up to number five at the top, this provide a good opportunity for buy. But remember we are going to buy when a correction at the current price is completed.

ASAMForex

Getting this form of illustration in price charts is not simple task, but everything we do is guided by specific principles and guidelines that market can obey them or violate. If this pattern will be completed as my projections indicates, I like to see everyone selling without stop loss in this pair on the coming week.

ASAMForex

USDCAD has not completed the full market structure according to ELLIOT WAVE PRINCIPLE. We still have one wave to complete a high degree wave "C" down.

ASAMForex

Confluence of two things at the current price provide high probability turn at this region. Remember it is exactly at the zone, so wait to see how price will respond to the zone (Breaking or Reversing).