TP1 93.60 TP2 93.35 DXY may ultimately target 92.60
I don't trade BTC so this is 10 mins of analysis for laughs. Number of ways to play this; 1. Buy for the 5th wave target of $550 (4:1 reward risk) 2. Buy for the 3rd wave $510 target (2.9:1 reward risk) then short it for the 4th wave into $470 - $450 (2.8:1 reward risk) and then buy the completion of the 4th wave into the 5th Below $435 negates. Would look...
USDZAR Daily Chart with buy order blocks marked in yellow. Original analysis; 8am Monday 16 May as preparation for a CNBC Africa appearance. 5th wave targets 18.75 (20.09 in extension). Requires break of 16.97. Until then expect the 14.00-17.00 range to play. Price is extented at current levels (15.60) and 14.80 would present a good buying opportunity.
Disappointed that I to only see this so late in the game. EURUSD positioning still short giving a bullish bias to EURUSD, esp if EURGBP continues to rally. At the same time price is in the 1.1460-1.1220 fib zone for sell trade so there are two ways to play this. STRATEGY A Buy 1.1290 for a move into TP 1.1410 for 2.89 Reward:Risk. and 3x reversal below 1.1260...
Gold has seen consolidation between $1200 and $1285. $1212 is the 76% retracement of the range. Looking to buy $1230 for $1260 (4.9:1 reward:risk) Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4) In reversal, 3x sell for break even and profits into $1213.
GBPUSD continues bullish however we have what looks like completion of a 3rd wave. Trying something different so my stops are wider than usual. Sell 1.4585 TP 1.4455 (1.28 Reward:Risk) Sell 1.4575 TP 1.4390 (0.98 Risk) 4th wave will likely target anywhere from 1.4350 to 1.4480 Oscillators - we have divergence on the stochastic RSI but not the RSI. H3 shows RSI...
Fairly self explanatory. 5th wave projection lies on the 50% retracement of the1.1460-1.1235 downswing
Previous 4th wave double topped at 14.29 As per original setup sell 15.10 TP 14.15 (4:1 reward:risk) has been adjusted to TP 14.1875 (3.5:1 reward:risk) Trailing stop currently 14.90
Self explanatory Sell 14.35 for an expected 4th wave move towards 1.4175 (2.3:1 reward:risk) 3x reversal above 1.4260
1.4070 is the 1.61 projection of the 4th wave. Price diverging with RSI and Stochastic RSI. With that in mind Buy 1.4090 TP 1.4290 (6.2:1 risk:reward) In reversal 3x shorts below 1.4080 for break even Scope for extension below 1.4020
Not finding any of the usual patterns. An equal distance A-B-C-D terminates at 155.165. With RSI divergence; Buy 155.65 with targets at 156.70 158.00 159.13 (3.6:1 reward:risk) (A Stochastic RSI lower than 25 would be ideal and its current levels indicate potential for moves lower however 155.60 should provide good support)
Anticipate a downtrend 3rd wave to complete either at the most recent low or at 14.50. With this in mind we look to Buy 3rd wave completion into the 4th wave extension (note: Stochastic RSI is currently out of sync for this) TP1 - 15.00 TP2 - 15.39 (3.4 reward:risk) 50% retracement of the 3rd wave is 15.33 so sell levels for the 5th wave move lower are Sell...
Still of the view GBPUSD is in a medium term uptrend Buy current levels (1.4190) for 1.4650 (3.77 Risk:Reward) Add to position on further dips into 1.4140 TP1 - 1.4255 TP2 - 1.4365 In reversal, phase in 3x shorts below 1.4060 for break even or small profits
Figure we are either in a3rd wave downward extension as marked or an inverse head and shoulders With that in mind sell entries set at levels in the 0.9925 area. TP1 - 0.9850 (2.3 Reward:Risk) TP2 - 09815 (3.4 Reward:Risk) TP3 - 0.9760 (4.3 Reward Risk) Above 0.9960 looking to phase in 3x reversal for Break Even
Figure recent AUD highs are the top of a 3rd wave. In addition we have RSI divergence so with that in mind sell set at 0.7545 with scope for moves into 0.7250 A TP at 0.7390 allows for 3.3:1 reward:risk Higher into 0.7590 is a good place to look for a 3x reversal for break even or profits into 0.7750
Missed the ideal entry on this (1.4170). Will try catch an entry at 1.4150 TP 1.3985 for 2.75 reward:risk In reversal look to phase in a 3x reversal above 1.4200
Cable is in a very strong downtrend with a extreme low at target of 1.3835 (confluence of a 5th wave extension + 2 fib extensions of swing highs and lows. At the same time we have bullish RSI divergence appearing on H3, H4 and H8 charts. With this in mind, longs target; - TP1 1.4030 3:1 reward risk (1:1 risk reward from current levels) - TP2 1.4250 6.8:1...
Price is above 84.65 so all of this could be wishful thinking and the target remains 87.00/87.50 however; Sell 85.00 for TP1 - 83.00 (3:1 reward risk) TP2 - 77.50 target (12:1 reward risk) In reversal phase in 3x longs above 85.40 for moves into 87.00