This currency pair has been on my watch list, it has been consolidating for quite some years looking triangle formation on the monthly time frame and has not been making any meaningful moves. But that just changed in past couple of days. It finally broke out of the triangle which is in the 2nd wave of the higher degree in the monthly time frame , meaning we are...
Hi guys its me again, just got an interesting find. Since March of 2021 AUDUSD has been forming what appears to be a complex correction on the Daily time-frame. Now to the juicy part, it had a fake out earlier today when it broke out of the upper trend-line of the triangle and seems to have started a decline on the wave Y which is the stronger of the three. A...
Hello fellow traders without further ado...Bitcoin has been consolidating or better yet forming a 4TH WAVE since early march and this saw its end at the 53,588.4 Price, where it formed a reversal candle. That was the beginning of the 5TH WAVE, it seems to be done with the first wave of this 5TH and we could expect price to retrace abit lower for a second wave...
Hello fellow traders, in the recent past gold has been selling though not as much as i had hoped for, the volume was not as much seeing that it had just reached its pick and just about to dump. Well from what i see, i can tell that it just completed an A WAVE in five waves and its just the beginning of its big correction. This is not expected to have that much...
Hello fellow traders, EURUSD has been in cosolidation since mid last year on the daily time frame and just the other day it broke out from the triangle pattern which formed the wave 2 and since this is a daily time frame, the impending longterm buy is a strong one. It seems to have slow down after the breakout and retraced in and ABC pattern to retouch the upper...