The pair may have bottomed following a possible completion of a W-X-Y Elliott Wave pattern. Friday's bullish is a good start but will need to see follow through.
I'm expecting weakness in AUDNZD this week and based on my short term Elliott Wave analysis price could fall to the 1.0800 level.
Hello TradingViewers, This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry with...
Hello TradingViewers, This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry with...
Hello TradingViewers, This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry with...
Hello TradingViewers, This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry with...
Hello TradingViewers, This is my personal trading challenge to grow a small account with an initial capital of US$1,000 to US$450,000 by risking a maximum of 20% on each trade and targeting a 3:1 Reward/Risk Ratio or higher. Each trade will be carefully planned out and patience will be required waiting for an optimal trade setup. I will document each entry with...
AUDNZD appears to be in a final wave higher to complete a W-X-Y correction that started on the Flash Crash on Jan 3, 2019. A potential target is the yellow rectangle area noted on the chart. Specifically, the 78.6% extension of wave A of (Y) from B at 1.1113 is my target for this terminal thrust higher.
EURGBP may be trading in an ending expanding diagonal pattern which could take the pair slightly above the A wave high of 0.9291. Invalidation is 0.8861.
USDJPY completed a leading diagonal pattern on Nov 6th which lasted over 7 months. Current price action is consolidating in a triangle pattern which appears nearly complete and ready to break to the upside. My target price is around the 1.0655 level, the termination of wave (iv) of the leading diagonal. Invalidation is 1.0317. At current price the risk/reward...
AUDJPY has broken through the sloping neckline of an inverted H&S pattern. Price action appears very bullish.
USDCAD Short based on Elliott Wave analysis...
Short Gold at 1713.63
On Apr 30, price began to rise impulsively in 5 waves which I have labelled as larger wave A. Price has subsequently breached the starting point of this impulse but it has done so in 3 waves, labelled (a) (b) (c). Furthermore, waves (a) and (c) are almost equal, so this may be a zigzag correction. If my analysis is correct, price should move above the wave A high...