Abdulla-yousif

Abdulla-yousif

Talking about 4 hours frame, I see that wave 2 is already at the end as the uptrend is exhausted and price action is shaped inside the supply zone I expect the price to drop down to the swing low or nearest moving average DO NOT ENTERT THIS TRADE WITHOUT PROPER RISK MANAGEMENT, YOU ARE RESPONSIBLE FOR YOUR TRADES

Abdulla-yousif

Wave 3 has ended at around 0.68029 and from that point price jumped creating the 4th wave and it is still in progress Once price reaches to the supply zone and price action is created inside the zone I expect it to drop down creating the 5th wave DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADE

Abdulla-yousif

Based on the previous analysis the 5th wave had completed. Price has jumped from the Demand Zone creating an uptrend towards the Supply Zone. If price respects the supply zone and price action is created inside the zone then I expect it to fall down to the swing low or 200 simple moving average or 50% Fibonacci of the uptrend DO NOT ENTER THE TRDE WITHOUT...

Abdulla-yousif

The price returns up of the demand zone as expected

Abdulla-yousif

The pair had completed the full pattern and the 5th wave had ended in July 2021. Price went up as expected but it dropped down again to the demand area where I consider it to be part 2 of wave 5. On the 1 hour frame if the down trend is broken and the price action is created inside the demand zone hopefully with RSI divergence then I think it will go up to reach...

Abdulla-yousif

Last week wave 2 had ended at the supply zone and price dropped down creating the 3d wave I see wave 3 is still in progress until it reaches the demand zone Once it reaches the demand zone then we will see if it creates a pattern for reversal, hopefully by next week Have a nice weekend

Abdulla-yousif

Based on Elliot waves analysis I see that the 5th wave is reaching the demand zone If the down trend on the 1H frame breaks and price action is given hopefully with a good divergence on the RSI I would recommend buying with proper money management DO NOT ENTER THE TRADE WITHOUT PROPER MONEY MANAGMENT

Abdulla-yousif

The pair had already reached to demand zone as I mentioned in my previous post Price has broken the down trend on the 1H frame but it is retracing down again with highly liquid candles ___________________________________________________ Why would I get into the this trade? For now I will not buy as the price is downward bias even though the trend is broken...

Abdulla-yousif

Due to the data released, FOMC and the inflation rates in Canada, the pair surged up which is against my analysis. _____________________________________________________________________________ # Why did I get into this trade? 1- Price had reached to the supply zone (grey shaded) 2- Price action had shown up (inside the supply zone) 3-Price had broken the...

Abdulla-yousif

The price has reached up to the supply zone and price action has shown up on the 1Hour chart. The uptrend has been broken. Wait for it to make retracement towards up before it drops down to the swing low or 200 simple moving average DO NOT ENTER THE TRADE WITHOUT PROPER MONEY MANAGEENT

Abdulla-yousif

I see that the pair has reached the demand zone on the 4H chart and price action has shown up. on the 1H chart if the downtrend is broken then it will move up until it reaches swing highs or simple moving average 200 DO NOT ENTER THE TRADE WITHOUT PROPER MONEY MANAGEMENT YOU MAY LOSE MONEY