IgniteWealth

IgniteWealth

Possible elliot wave formation here. i expect price to 1.20255 first before an impulse 3rd wave to 1.21235

IgniteWealth

Buy heavily on the flag breakout

IgniteWealth Updated 

The current structure shows a possible 5th wave formation pointing to drop from the 1,17 area to the 1.15 area. by definition the 5th wave is usually the same size as the 3rd wave but may extend further. by that premise i expect the euro to drop by at least 300pips before a corrective ABC movement. However i wouldnt put it past the euro to make a run at retesting...

IgniteWealth

I am expecting a corrective move away from the 1.10 level looking to test the immediate daily high at 1.107 and a possible medium to long term target of the 1.12 level

IgniteWealth

price has tested the support on the daily at the 1.1277 area,where i expect price to stall for the rest of the trading day,possibly retracing from this point.In this case, next week could long the eurusd with targets at 1.1344,then looking to sell around that retest with a target of 1.117 and 1.115 in extention

IgniteWealth

After the FOMC news earlier this week,the euro broke out of the daily wedge with resistance at 1.1365 and closing outside of it.But price has retraced back into the wedge giving a fake breakout.Now i expect a close of the days candle within the wedge which with give confidence for selling pressure within the wedge and possibly down into the 1.11 area.

IgniteWealth

Expecting a break out of the rangebound scenario that was binding the euro...only in this case with a bias to the downside. Aclose of the daily below 1.121 would give an open for 1.10 IMO

IgniteWealth Updated 

SPX has been pushing upwards taking out all of the resistance in its way until buyers were forced to defend the 2620 area. The 2810 area is a different scenario.failing to hold it and giving lee way to a possible bearish takover. A break below 2767 would sustain bearish pressure possibly towards 2640 and beyond

IgniteWealth

Expecting price to continue higher to test trendline around 1.1418 then consolidating around here before looking to go down possibly

IgniteWealth

It would seem the market is forming a double bottom on W1.i expect price to retest 1.39 at least but possible 1.146 before any further selling

IgniteWealth

Head and shoulders formation,looking for price to form other shoulder before an expected drop to the neckline,with a subsequent continuation downwards after a breach of the neckline. In effect one can scalp the move to the right shoulder price level then short heavily from there.

IgniteWealth

Price tested support and rejected the level. Expecting price to retest the daily chart highs with the possibility of breaching the resistance

IgniteWealth Updated 

Looking for price to retest high before any convincing move in either direction

IgniteWealth Updated 

Gross Mortgage approvals just came out positive for the pound,but this only served to push price to the possible trend-line. Shorting looking for price to test immediate support at 1.383 area.

IgniteWealth

Price has tested the fractal low of a possible channel development s price is ranging. This may give bulls clout to push price towards a retest of the highs.

IgniteWealth

Expecting price to retest highs before any move either direction

IgniteWealth

The trade is based n last week's bearish engulfing candle stick giving indication of a possible bearish reversal.

IgniteWealth

Average hourly earnings came out in line with expectations.im bearish on this pair in the long run.