Elliot Wave Principle Application on US30 Market Review. US30 is developing Wave 5 in an Ending Diagonal pattern. This is my preview on the current price of US30, not the signal to trigger a trade.
USDCAD trading on the bearish channel resistance after forming a bearish flag and breakout the flag support and retesting it as the flag resistance.
GBPCHF head and shoulders pattern formed at the support level with the completion of the right shoulder forming a bullish flag after an up leg.
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EURNZD formed a bullish flag. Your comments will be appreciated to better my skills.
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Short opportunity on the breakout of the support of the short uptrend formed inside the main forming downtrend.
The best entry on this short opportunity is patience to wait for price to test the down trend channel resistance (making a new LH), that will give your the entry with low stop loss in number of pips.
The probability of success on this trade is patience to wait for gold to reach 1729.00 resistance zone before shorting it. This will allow low risk in number of pips compare to if we short it now.
NZDJPY bullish flag just above a strong support zone
Gold Just got rejected on the down trend channel resistance and its currently going for down trend channel support at 1688.171
Outcomes: Breakout of the resistance or reversal (price respecting the downtrend channel).
Complete Head and Shoulders pattern on a strong resistance zone and the retest of a neckline.
EURUSD bearish movement after testing 1h down-trend channel resistance.
Bearish Butterfly and the break-out and retest of the downtrend channel resistance.
EURUSD has been in the up trend for a while now and recently it has formed a reversal consolidation in a form of flag formation, which shows the pontential of continuous of up trend.
Strong Buy level at 132.591: Asceding wage (consolidation of up trend). 50% FIB retracement. The strong horizontal support and channel support.