Brotec02

Brotec02

Euro is now at a major structure support. Im long on a Euro considering the structure it created.

Brotec02

Euro will break the resistance at 119.889 level and will complete the candle close at 120.668 level. Few hint that this is a valid entry: 1. Fibo retracement of previous high and low bullish engulfing candle shows current position is at 60% retracement. 2. It finished the 5-wave move. 3. Following the pattern it is now moving towards the C pattern to wrap up the...

Brotec02

Buy Euro at the support now till the resistance

Brotec02

Euro weakness seen, with divergence in MACD and RSI heading down. In addition a change in direction should always indicate a hint, so ABC and head & shoulder patterns followed by a new 5-wave move down is a best way to understand the transition. Happy Trading.

Brotec02

Still strong resistance at the ceiling for the meantime, short till 60% retracement.

Brotec02

For the 3rd leg, 117.696 level is a re-test of the structure. If support level is valid aim for a higher level trade.

Brotec02 Updated 

With 5-wave move is over. It is should now a start for a bigger consolidation with history repeating itself. First it must break-out the structure with a short follow by a long positions. I set-up my short and long positions for you to review so you must look at a bigger TF to understand the structure. (say daily chart ) But what comes next after the...

Brotec02

On a monthly charts, the structure is long way downtrend. However, with a string of bullish engulfing candles for 2 consecutive weeks it is now evident that the structure is trying to move up. By looking at the Weekly & Daily TF Charts It is now evident that the trend is trying to maneuver a new 5 wave move. With wave one completed, it is moving slightly down via...

Brotec02

With 5-wave move is over. It is should now a start for a bigger consolidation with history repeating itself. First it must break-out the structure with a short follow by a long positions. I set-up my short and long positions for you to review so you must look at a bigger TF to understand the structure. (say daily chart) But what comes next after the...

Brotec02

Dollar still weaker at this point, with a very larger resistance at the top. One more down, by shorting the Dollar is far better idea with a very good risk reward ratio. Besides a greater trade is waiting at the bottom with bullish Dollar completing the 5th leg of 5-wave move.

Brotec02

EUR_GBP: Euro will not go down just yet, as any given structure, it has to break the structure to move higher and has to move higher to go lower. Euro will need 1 more move up before finally go down.

Brotec02

EUR_USD: Euro is now ready to move up after consolidation. Buy at the pull back or break-out

Brotec02

Euro waiting at the wings to go higher. Buy at the lower lo or at the support level to move higher close to 900 pip move.

Brotec02

GBPUSD: Wave Analysis for GBP_USD for Education Purpose only.

Brotec02

EUR_USD: A bullish Euro could go another move to the upside. This flag could make it the Euro up again. Buy at the first bounce for a more higher move to the upside.

Brotec02

USD_CHD: Short the Dollar at the resistance level.

Brotec02

Dollar Swiss 5 wave move start to get into shape. This is my wave analysis for the pair in the coming months. Trade with care

Brotec02

EUR_NZD: With bullish engulfing candle arise from the bottom, there is a possibility for Euro to rise up to the top of resistance level. A flag pattern is now on the way, so definitely the Euro could still go one more up to the resistance level. A lot of possible formations could be seen along the way, with ABCD and head and shoulders patterns can be created. With...