ResonanceTrading

ResonanceTrading

This analysis would be valid only if the USDCAD goes to a new high! If it doesn't then the downside move has already started (depending on our Wolfe Wave analysis) and we recommend to start shorting the pair with the provided stop loss price level.

ResonanceTrading

GBPUSD currently in a corrective up move to fill the gap around 1.36 This analysis is wrong if, and only if, the price moves below the beginning of wave I of wave (C). Once this corrective C finishes we will see another impulsive move to the downside that could take us down to 1.26

ResonanceTrading

This is our most bearish view on the FTSE100. We still can't confirm it yet so we don't recommend shorting it until we see a 5-wave decline on the daily chart.

ResonanceTrading

It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside. Apparently the reason behind this upward correction might be caused by the upward correction in oil too. We recommend shorting stocks instead of buying dips for now.

ResonanceTrading

With the Canadian Dollar reaching to an extreme against the USD we are trying to find the bottom for the CAD on all pairs and it is more clear now that we will reach a primary bottom for the CAD very soon. When we look at the GBPCAD long term trend it is clearly a downtrend and the uptrend started around 2013Q1 is a corrective 5-3-5 trend. In wave C, the fifth...

ResonanceTrading

The pair has finished an ABC correction and now heading up and we have two scenarios, the first: we are in a wave x upward which is a 5-3-5 corrective wave in the main trend direction (up). The second Scenario, we are going to continue in an impulsive fashion upward to new highs. With NZDUSD breaking a trend line to the downside, it is most probably we are going...

ResonanceTrading

First of all I wash you all a happy prosperous new year. We still believe that wave 4 correction is still underway and we will see the continuation of it during this week. Another scenario is that wave 4 is a running flat in which wave b goes a little bit higher than wave 3 before going down but we don't see this scenario in other USD crosses. If you are looking...

ResonanceTrading

This trade set up is based on elliott wave analysis and the extremely negative sentiment towards gold and oil. Risk/reward Ratio = 2 You can buy 50% of the trade now and the other 50% by limit order at 1059. This long trade is in line with our longs in NZDUSD and Oil. Happy trading :)

ResonanceTrading

This is a small trade we're recommending because wave C has stopped at the level that wave C= 0.618 of wave A. which is the perfect point for wave D to start. If we are correct then wave D should equal 0.618 wave B (ends around 2098). The risk reward for this one is perfect for giving it a try. Elliott wave analysis always provides great risk/reward...

ResonanceTrading

AUS200 is going in a complex correction and there is a good chance that it will go up significantly next week. We inter this swing trade today with 3.58 risk/reward ratio and we close our longs once leg C = leg A Happy trading :)

ResonanceTrading

As We all know nothing goes up/down in a straight line, and with all the bearish sentiment for Oil and CAD we are sure that the turning point is near. Of course, one of the most important rules is not to try to catch the turning point (TP) "do not catch a falling knife" *****So we are not saying to short USDCAD now****** In the monthly chart it is clear that...

ResonanceTrading Updated 

This quick short trade is in line with our bearish view for the S&P500. It seems that the S&P500 has finished an abc correction to the upside on the 15-minute chart, where wave c is an Ending Diagonal. If this count is correct then the S&P 500 will start declining in Primary wave (C) to finish the correction started in May 2015; that will lead to new lows during...

ResonanceTrading Updated 

As we know Elliott Waves Analysis states that all moves happen in at least 3 Waves A-B-C in which wave A is a 5 impulsive waves, wave B is a corrective wave (could be sideways, zigzag or a complex combination), wave C also is a 5 impulsive waves that could be C=A or C=1.231A or C=1.618A. Trading wave C is the most rewarding trade because of its high probability...

ResonanceTrading

This count might not be the preferable count for many traders. It is ugly, hard to see for the inexperienced eye but, its probability is increasing. A lot of traders are expecting the British Pound to head south including us but the chart has been giving us lots of 12 12 12 waves to the downside with no impulsive wave 3 of 3 of 3 which is worrying. That's why I...

ResonanceTrading

Oil currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave decline" where Minute waves i, ii, iii, iv and v represent the ending diagonal wave 5 of wave (5). We are expecting wave v to over-shoot to the downside of the ending...

ResonanceTrading

In the medium term, gold is in the 5th wave of an ending diagonal that could end around 1030. But before heading to new lows we could see a correction towards 1120 levels in the (B) wave. In the long term, gold should start a multi-year upward move towards 1450-1500 during these years the sentiment will shift from bearish to bullish and analysts will call for new...

ResonanceTrading

Both counts are possible and both counts present a great risk/reward ratios (3.47 and 4.14) our stop loss should be few pips above the 12-October High. In the triangle scenario ,for wave (4), the price would go to 0.6695 which is the "wave (5) = wave (1)" target. And in the zigzag scenario ,for wave (4), the price would go to around 0.6550 which is the price...

ResonanceTrading

Presented above a possible Elliott Wave analysis of GBPUSD. Price should start accelerating to the downside within the next 48 hours. All other possible Elliott Wave analysis suggests that the price will go to at least 1.4650