ElliottWaveBelgium

ElliottWaveBelgium Updated 

Wave C finished (?) just now it seems. Divergence confirms this. This aligns with the expected move from the mid-term elections in the US. It's expected the Demacrats win 1 house, wich will have a slight negative impact on the USD butthe underlying trends will remain mostly intact. In case the Dems win both houses, it's going to be VERY bearish for the...

ElliottWaveBelgium Updated 

Price is in a triangle for those last 2 years and is now in the last wave E as can be seen in this screenshot. After a nice fall, price now retraced enough so that a short position can be opened with confidence. Entry : 1.132 Stop : wave D high. Target 1 : 110 Target 2 : 108 PS : See my previous post for the higher timeframe view. PPS : Don't hesitate to...

ElliottWaveBelgium Updated 

Expect 1.13 to hold, unless the Republicans get a majority in both chambers in the mid-terms this Tuesday, which is the less likely scenario. Trade Setup : Entry 1 : Market price (small lot size) Entry 2 : Pending @ 1.1360 Stop : 1.12999 Target : 1.16 to 1.18 ** Have a look at my other post for better overview () *** Don't hesitate to like and comment ;)

ElliottWaveBelgium Updated 

The 7dollar handle hold, price now turning lower in an impulsive fashion. The first wave finished and price is now making wave 2, so, wait for it to end before entering any short positions. Trade Setup : * Entry : Pending order @ 6.931 (0.618 Fib Retracement) * Stop : last high (or 7.000 for a more conservative one) * Target : 6.7 to 6.521

ElliottWaveBelgium Updated 

Long term view. Probable triangle inside wave B. Wave C probably ended therefore the bias is bullish up to wave D for the moment. A move below wave A negates this count.

ElliottWaveBelgium Updated 

Looking for Divergence if those levels hold then short it. Entry : look for those levels to hold and divergence Stop : above Fib 1.272 Target : 93.00 Don't forget to comment and like ;)

ElliottWaveBelgium Updated 

Price seems to have started a wave A as an impulse. We are currently in wave 2(black) of wave 3(orange) of wave A (green). Therefore, buy towards 0.7300, where price will find natural resistance. Stop loss level : 3 possibilities depending on your risk level. ~ 0.7070 ( wave 2 should end around 0.7078) ~ 0.7510 (orange wave 2 low) ~ 0.7021 ( wave 1 (orange)...

ElliottWaveBelgium Updated 

The wave count suggests bearish move to continue.

ElliottWaveBelgium Updated 

Price formed this nice H&S Pattern, suggesting price is going up. Target 1 : 1.322 Target 2 : 1.3364 SL : last low or below Right Shoulder. ** Tomorrow will be the BoC Rate decision, wich is expected to go up 25bps to 1.75%. This rate hike is already priced in in current price, therefore don't expect huge moves because of it. Volatility will come from BoC...

ElliottWaveBelgium Updated 

Price fell because of Italy politics but I don't think the news is enough to have a bigger impact on EURUSD. I don't usually try to catch falling knifes but here I have a clear and tight stop, so that a small trade doesn't hurt if it goes bad but is very rewarding in case it goes our way. I have confidence in this trade because I can count 5 waves down in this...

ElliottWaveBelgium Updated 

Bullish divergence starting, I'm buying this dip now and letting it do it's thing. (Beware, price might go a bit lower, but as long as it remains above 2690, the bias is bullish) Entry : 2760 Stop : 2690 Target 1 : 3000

ElliottWaveBelgium Updated 

NASDAQ just as Russell and S&P500 corrected nicely. I think we finished wave 2 of an impulsive wave. Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next. Trade Setup : Entry : Now or on pullback Stop : last low or wave E low Target 1 : 8000 Target 2 : 9000 ---------------------------------------------------------- ...

ElliottWaveBelgium Updated 

EURUSD finished the B wave of a zigzag, looking now for wave C higher wich should play out as an impulsive wave. So, we are anticipating price to go to 1.19 - 1.21 area in the following weeks. I entered at 1.148 then 1.152 and 1.156 You can enter now, but it's better to wait for a pullback before entering for a better Risk/Reward ratio. So, Entry : on pullback...

ElliottWaveBelgium Updated 

USDJPY Look at my previous post for the first count I had in mind. () This count seems more plausible as we are seeing some USD weakness now. Price should go down to 110 possibly 108 wich will be my targets for the coming weeks. On this weekly chart we can also see a bearish candle formation giving more weight to the count. Setup Entry : Now or wait for a...

ElliottWaveBelgium Updated 

Price is making an impulse wave, we are in wave 3 for now. I'll wait for w3 to end or buy intraday maybe also short wave 4 intraday but don't really feel like it... Then go long wave 5, which might be one of the last ones as we would then finish wave 5 of (5) of 5 of (V) ! ¤ In that case, the 2007-2008 crisis will be a joke comparing to what will happen !

ElliottWaveBelgium Updated 

Silver getting ready to break this channel. Price finished (probably) this wave C lower of Y. Expecting it to go to 1.17 first.

ElliottWaveBelgium Updated 

Short term traide -- Pending Long Wait for wave 3 and 4 to end then go long up to wave 5 (For better view of the overall move look at my older post).

ElliottWaveBelgium Updated 

We are ending this impulsive wave higher in wave C of wave B of wave 2. Wave 1 is longer than wave 3 therefore wave 5 can not be longer than wave 3 giving a clear invalidation point (stop loss) for this count. So, * Entry : 112,32 * Stop : 112,72 * Target 1 : 110,40 * Target 2 : 109,90 * Target 3 : 109,00