This is looking more interesting. We might be completing the triangle wave with a last push to the downside. This one is not clear were it is headed to yet but it appears interesting. I'll be keeping my eyes on this one. Waiting patiently to see if that triangle formation comes to light, from there i'll looking at longs to become a new wave 3 on the larger...
This is looking like a good move. I would recommend waiting till the market triggers the "ENTRY LEVEL" before getting in on this trade, but for the riskier traders, a buy now would be a good idea. The market has just completed various corrective and sub-impulsive waves. It has also completed a triangle wave. With this much confluence, buying EU now would be idle.
We've waited this into a corrective triangle wave. I do think this might begin a new uptrend once the market completes the triangle. I'll be watching this closely to see how the market plays out. PATIENCE PATIENCE PATIENCE!!!!
Trading Corrective are usually quite difficult, as we are not sure where the completion might occur. After taking a good trade from the impulsive wave last week, we've come to the waiting phase. It's time to wait out these corrective phase and see where the market wants to take us to.
Watching this one closely too. Once there is a new LL, i'll be looking to short this at the best possible retracement, maybe a 61.8%. PATIENCE PATIENCE PATIENCE. Let's see how the market completes and shows us what it wants to do.
This one is quite tricky, but patience is key. Wait until there is a clear breakout of the ENTRY LEVEL before entering this trade. I suspect there might still be a final push upwards to complete the final 5th short term wave before eventually coming down. PATIENCE PATIENCE PATIENCE.
I've had this one on my eyes for a while now. The key to trading this is patience. Markets have created very good structure right now. It's best we wait till we see a clear direction before getting in on this one. But i think the Market might just complete that last 5th inner wave downtrend before the bulls start coming in. But the triangle formation is also quite...
The completion of the first Elliot Wave cycle is eminent. We have also had a correction wave completed. Could this be the beginning of the new wave decent?
Daily outlooks of the Gold looks more bearish. Already establish a new support and quickly first resistance. This resistance seems to have been support historically back in July 2016, only tested as resistance on the 4H and D1 chart once. Fib retrace tools shows strong signs of a possible retrace(already crossed the 50.0). My opinions to entering a short trade...
Daily Outlook seems more bullish for the EURUSD. Already seen a confirmation from the daily chart with a sharp pullback from the 61.8 fib retrace. Continous uptrend most likely for the EURUSD. Entry just under 1.06000 s.l 1.05850 t.p 1.09000. Trade with caution.
Basic Key levels here. Recent breakout from the support zone might indicate a market pull-back soon. Right now EU might be seeking retest former support for new resistance while seeking a new support. My thoughts before entry wait for market to retest previous for a breakout, If no breakout short EU to new support.
After the sharp price break at the 1.06610 support line, price rallying down to the next support line at 1.06000. A close below the 61.8 fibo retracement may mean further rally at the new support, whereas a close may mean early reversal to the upside. If this crash close below the 61.8 i'll likely wait until the new support line is tested, if not i'm buying into...
EURJPY in a bearish trendline progression. Price already tests resistance line twice. Using Fib retracements, price might possibly get to the 133.56 and see a potential downtrend retracement. For Binary option traders, i would suggest a 30 - 45 mins put option after seeing a good confirmation of a closing candlestick below the 133.56 priceline. Forex traders may...