Tradenessfx

Tradenessfx

Hey Traders, It look likes that Bitcoin has completed its first impulse up. Break of 8H 50 EMA means that the correction has started. Expecting this correction to be completed around our buy zone. LONG Setup: - Wait for subwave 2 to be formed. - Watch any rejection at the buy zone - Stoploss: Below recent lows - Targets: 73k,80k,90k, and 100k Good Luck...

Tradenessfx Updated 

Hey traders, EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves: Wave A= 3 waves Wave B =3 waves Wave C = 5 waves Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which...

Tradenessfx Updated 

Hey traders, In the previous analysis, we were expecting bitcoin to move up from 0.5 - 0.618 fib levels. But what has happened is that price made a deep retracement towards 0.88 fib, which is good for us. why? The 0.88 fib level is very close to the low = tight stoploss = higher Risk to reward = Big gains LONG Setup: - Watch the break of the descending blue...

Tradenessfx

Hey Traders, We are still working with this complex zigzag pattern (5-3-5). We are currently in wave C = 5 waves. We have made the first impulse down ( subwave 1 ) and now correcting ( subwave 2 ). Expecting subwave 3 this week. Price has already retraced to 70% Fibonacci levels. This means we should start preparing ourselves for the reversal. We have marked our...

Tradenessfx Updated 

Hey Traders, EURUSD was moving in a range for almost two weeks, and now it is preparing to continue its bearish move towards the 1.060 and 1.053 levels. We can see how the daily 50 EMA is reacting to the price. This EMA is reacting as a support/resistance to the price. Any entry from now requires a stoploss above the daily EMA, targeting recent lows and the 1.060...

Tradenessfx Updated 

Hey traders, GBPUSD is setting up for a nice reversal around our sell zone. SHORT Setup: - Watch for the rejection on sell zone. - Stoploss: Above Invalidation Level - Targets: 1.2881 ( 80 pips ) and 1.25567 ( 110 pips ) You can choose to hold a small position for the long term as we are expecting GBPUSD to break the 1.25 level Good Luck and trade safe!

Tradenessfx

Hey Traders, The dollar index has been moving to the upside making some form of a wedge or a contracting diagonal. According to the basic technical analysis and based on Elliot waves theories, we should expect a reversal once the diagonal is completed. In addition to that, we can observe divergence by looking at the MACD. This indicator is used to predict when...

Tradenessfx

Hey traders, EURUSD is offering us a nice opportunity to get in and ride the move down. SHORT Setup: Watch Sell Zone for entry Stoploss: Above 1.07466 Targets: 1.062 ( 100 pips ) and 1.058 ( 150 pips ) Good Luck and Trade Safe!

Tradenessfx Updated 

Hey Traders, By looking at the higher timeframe for EURUSD, we can observe that EURUSD is preparing for a big move to the upside. We are currently in a zigzag ABC pattern. This kind of pattern is made up of 3 waves. Wave A = 5 waves, Wave B = 3 waves, and Wave C = 5 waves. We are now in wave C = 5 waves. Once we complete wave C, we can prepare for the big...

Tradenessfx Updated 

Expecting continuous weakness as price has broke its ascending trendline. Price is now retracing back to Fibonacci levels where our sell zone is marked. SHORT Setup: - Watch for a rejection at sell zone for entry - Stoploss: Above the high after entry - Targets: 1.2539 - 1.24200 Good Luck and trade Safe!

Tradenessfx

Hey traders, EURUSD is building a nice pullback for a move down. Ideally we should reject from our sell zone. SHORT Setup: - Look for a reversal price action at our sell zone - Stoploss: above the high after you enter - Targets: 1.060 and 1.051 Goodluck for this week and trade safe !

Tradenessfx

Price is moving slowly and correctively which indicates a shift in the market is going to happen soon. The ideal place to look at is the golden zone ( Our Buy Zone ). LONG Setup: - Watch buy zone rejection - Look for a reversal pattern on lower timeframe - Watch for break of the blue trendline - Stoploss: Below the low after entry - Target: 73k, 80k, 88k....

Tradenessfx Updated 

Hello Traders, We have seen in the last period nice bullish moves for Bitcoin. We are expecting now another move up towards 80k. Long Entry: - Look for a bounce off buy zone or any reversal pattern on lower timeframes - Stoploss: Below 65.5k - Target: >80k Good Luck and Trade safe!

Tradenessfx Updated 

Hello Traders, By looking at the dollar index, we can see a zigzag pattern ( 5-3-5 ) forming. Zigzag pattern is made of 3 waves: Wave A = 5 waves Wave B = 3 waves Wave C = 5 waves We are now in wave C= 5 waves, currently in subwave 3. Expecting USD weakness means XXXUSD Strength and USDXXX Weakness. See lower timeframe: DXY 4H - Ideally price...

Tradenessfx

Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ). LONG Entry: - Look for...

Tradenessfx Updated 

Hello traders, Bitcoin is moving inside the 60k- 74k range making a complex ABC correction. We are currently in wave B and expecting it to finish above the recent all-time highs and at the -1 Fibonacci level. Short Entry: - Watch the rejection at -1 fib level - Entry at breakout of ascending trendline - Stoploss: Above the highs after entry - Target:...

Tradenessfx Updated 

Hello traders, EURAUD has been moving sideways for a period. Expecting this sideways movement to finish at 0.786 - 0.88 Fibonacci levels. SHORT Entry - Watch the rejection of the sell zone. - Look for a reversal pattern in that area. - Stoploss: above the highs - Target: 1.63592 ( -0.27 fib ) Goodluck and trade safe!

Tradenessfx

EURUSD has been recently moving in an uptrend. According to Elliott waves, an uptrend has 5 waves where we have 3 waves in the form of an impulse and two waves in the form of a correction. We are currently in wave 4 ( Correction ) and looking for wave 5 ( Impulse ). LONG Entry: Watch for a bounce-off Wave 1 structure that lines up with the 0.5 Fibonacci level...