ElliottWaveBelgium

ElliottWaveBelgium Updated 

Go long now, with Stop below wave 1 low. !! Start with half of your standard lot size and scale in if price goes our way. We have here a tight stop with a big potential win to at least 0.72

ElliottWaveBelgium Updated 

We got 5 waves up, now we are in a correction, wave A and B seem to be in place, so we expect a wave C lower down to the 61.8% Retracement. Got in with my Telegram followers at around 0.9670. So, follow if you'd like to get notified beforehand.

ElliottWaveBelgium Updated 

Looking at 6800 as first target before any good pullback happens. For now, we might be in wave (3) of bigger 1 or A.

ElliottWaveBelgium Updated 

Gold is unfolding as a WXY correction, each of the subwaves are 3 waves correction (ABC) (or more complexe ones). Wave W & X are already in and we are currently in wave Y; Wave Y is itself playing out as an ABC, we got 5 waves up this means we will see a correction lower now. Once the correction ends, you can buy once again.

ElliottWaveBelgium Updated 

We got 4 waves down, so we expect price to go higher from here. * Entry : Market price * Stop : 8967 or 8925 (more conservative one - mine) * Target: to be determined

ElliottWaveBelgium Updated 

A vote of no confidence by Tory MPs against Theresa May will be held in one hour. If at least 159 (out of 316) Conservative MPs speak out against the Prime Minister, she will be overthrown. * A departure of Theresa May would have unpredictable consequences on the Brexit process and therefore drive cable lower by a lot.... * However, it appears, according to...

ElliottWaveBelgium Updated 

Be careful ahead of tomorrow's NFP report. I strongly suggest to wait for a five-wave move up followed by a break above 1.1418 which would be a confirmation of a bullish continuation towards 1.15 or higher if you want to go long. -or- You can short it now if you like. If we are in this Triangle pattern, then price should go lower & wave ((e)) should not go...

ElliottWaveBelgium Updated 

Looks like this Triangle is coming to an end as price is in the support zone of wave ((e)) of wave 4. So, we should see a bounce towards 5.20 and higher for wave 5. A break above 4.76 is a good confirmation of bullish move. Invalidation level is at 3.98 R/R > 1/3 !

ElliottWaveBelgium Updated 

Price seems to have finished 5 waves inside wave (3) We should therefore see some sort of correction higher before looking to sell this pair.

ElliottWaveBelgium Updated 

Price seems to finish a Triangle pattern. We should be in the final wave E, wich can find resistance at the 61.8% to 78.6% retracement. If this count is correct, we should see a new low being made soon. This pattern gets negated if price moves above 54.20 !

ElliottWaveBelgium Updated 

(Favorite) We might be in orange wave ((c)) of pink Y of green (B). Therefore, I'm looking for price to make a new low beneath 1.2662 around the 1.2630 - 1.2500 zone before rallying up for wave (C). In this case we would be in an Expanded Flat, where wave B should ideally turn before the 138.2% Retracement wich is @ 1.1420. (Alternative) The alternate count...

ElliottWaveBelgium Updated 

5 waves up are in place, now a pullback should come. For now, i'm taking my profits & sitting this one out to the down side, unitl things clear up on larger time frame.

ElliottWaveBelgium Updated 

We are in a higher degree wave 2 correction composed of an ABC correction. Wave A was successfully traded to the upside and we remained on the bench for wave B down. Wave B got a bit compilcated as it is an Expanded Flat correction (that's why it's not a good idea to trade against the trend). We are now in the last moments of a 5 waves move down for wave ((c)) of...

ElliottWaveBelgium Updated 

We got a Leading Diagonal for wave 1 and a Flat correction for wave 2. If that's the case, this move higher is wave ((i)) of higher degree wave 3 and the corrective wave ((ii)) might be in place as it turned at the 61.8% retracement. We should therefore expect wave 3 to develop in a 5 wave move to the upside. The count gets negated if price moves below wave ((i))...

ElliottWaveBelgium Updated 

Looks like the Top is in place. A break outside the channel confirms the top in place and more weakness to come. Look for a break below 96 for more evidence of a bearish continuation. In that case we should be in wave (C) therefore expecting price to be a motive wave (impulse or diagonal)

ElliottWaveBelgium Updated 

After one more move down, we should see the pair rally up for a wave 3 of (3). Invalidation of this count is below wave C of (2) (See 4H chart in the comments)

ElliottWaveBelgium Updated 

I think we finished a large ABCDE Triangle at 0.8655 This move higher therefore should be wave 1 of an impulsive wave. We are nearing it's termination point as we can count 4 waves already and making wave ((v)) as an ending diagonal it seems. This means, once this larger wave 1 ends, we will see price pullback in a 3waves move lower, ideally to the 0.618...

ElliottWaveBelgium Updated 

Price broke below lower line of a bearish triangle(can be a confirmation of a completed triangle pattern)suggesting more weakness towards 143-142 area. Now in corrective wave 2 , but we remain bearish as long as it's trading beneath 145.50 (invalidation level). Entry : Your choice * Target : 143.0 to 142.7 Stop : 145.5 *Now/ at Fib levels or once price moves...