BeFinanceMate
Price came back to broken support zone. it gives us nice entry for long trade. 38.2 and 50.0 fibonacci levels would be exit point. Sell high Buy low
USDJPY - breakout channel correction wave A completed. now aiming 110.69 to pr.structure
GBPNZD Trade setup Price break out ascending trendline Open short position and hold to reach 1.89798 Second entry after pullback to structure 1.92549 (0.382)
Nice retracement from 0.886/1.618 from X-B and B-C gives downward trade
Price broke the previous low and testing it before drop. Nice opportunity to short here as there is a correction wave of Elliot. Broken 200MA confirms downtrend.
Breakout of ascending trendline gives downward movement as Elliot 5 waves have completed, now turn to correction waves. Moreover, one of the important MA - 100MA is testing, high percentage to drop
Classic structure of Elliot`s impulse wave is coming to the end. The 4th wave is stopped and retracing back from 38.2 and 50.0 levels of fibonacci from 2 important levels. On the other hand, overbought and cross-over on MACD12,26,9 setting, gives us downward movement
Selling as break out of ascending trendline and inverted SHS
Possible rise on this pair as price found important rising trendline
Price retracing up as Canadian Employement Change was declined and stated -1.1K, from golden ratios, making the second wave in the of 3rd wave, Open a long position after sure bullish candle on higher time frame
Selling opportunity as price rested on 200EMA and 38.2-50.0 fibo level.
Another short opportunity is formed as price came to important level.
Working with Elliot Wave + Fibonacci levels. We are on correction moves.
Possible pullback is end after completing inverted SHS pattern. Working with fibonacci levels for target points
Nice opportunity on EurAud. Price touched ascending trendline third time making Bullish Bat Pattern and looking for reverse to participate for long.
Elliot wave price action ended in falling wage pattern. Break out of falling wage leads to correction moves