WaveAnalysis

WaveAnalysis Updated 

Hello traders. I'm expecting either daily X wave and one more down move or totally upside, which will break the previous top. I believe taking a long trade will be a good idea in both cases. As you can see, a correction is in the making. So, I put an entry order. Minimum target is the completion of daily X wave. Trade with care...

WaveAnalysis Updated 

Hello traders. This chart is very clear in daily timeframe. I'm expecting a new up impulse after corrective structure. In 1H, I think up move was reversal impulse and now, a correction is in the making. The down move can be the whole correction or wave A in bigger structure. It is not clear at this point, but putting an entry order looks like a good idea. My...

WaveAnalysis Updated 

Hello traders. This chart has a great potential for downside. Wait for the breakout and a small correction before take any short trade. The drop can be C wave in running flat, or weekly corrective structure, or weekly down impulse. Here is my weekly forecast.

WaveAnalysis Updated 

Hello traders. It looks like a flag is in the making. So, I'm expecting next up impulse. I think down move is a correction, and it will go up very much. My target is 0.382 retracement of down impulse because I believe the structure is too small to be the whole correction of weekly down move.

WaveAnalysis Updated 

Hello traders. Gold came down and break the trend line. Wait for a correction before selling it. Down move potential is huge. My target is the completion of weekly regular flat corrective structure. As long as the price of gold stays below 1375, my target will be around 1100. Please look at the related idea to see more details.

WaveAnalysis Updated 

Hello traders. GBPJPY has a great potential for downside just like GBPUSD. Shart down move can be starting of the new weekly impulse, but it is still in the corrective structure. A small flag, what I'm waiting for, then I will take a short trade. My weekly and daily analysis are:

WaveAnalysis Updated 

Hello traders. Like all other GBP charts, this one is making a big corrective structure for weekly down impulse. The correction could be over at the previous top. It is not clear yet, but I want to take short trades if I can find any good trade setup, because of the potential of down move. In 1H, it looks like a flag is in the making. That's why I put an entry...

WaveAnalysis Updated 

Hello traders. After the sharp fall, EURUSD is making a correction. I hope it will go up one more time and create better corrective structure, so I can find a better entry. I have put an entry order under the previous bottom. If it falls, I will be in the trade. Target is not clear yet. Down move can be weekly correction or weekly down impulse. It's too early to say.

WaveAnalysis Updated 

Hello traders. I believe oil has great potential for upside. But first, it should go down in order to complete daily corrective structure. There isn't any divergence in up move. So, it can keep going up, and break previous top. This scenario won't change my expectation, but I will start to look at running or expanding flat instead of regular flat. In any case,...

WaveAnalysis

Hello traders. We don't have any trade setup yet, but we can have one soon. I'm waiting for a correction to take a short trade. On the other hand, the structure between yellow lines can be a flag for more upside and the blue line is 0.786 retracement of down move, so it can be the target for upside. If it goes up one more time, I will wait for reversal impulse...

WaveAnalysis Updated 

Hello traders. This is my 4th long trade setup idea. The first idea stopped out with 1% loss, other 2 were canceled because it made lower lows. Now, we have new on. I have an entry order above last top with a stop loss below the last bottom. I'm trying to catch the daily up impulse. It will be a very big wave. The possible target is 123. Hopefully, it will make a...

WaveAnalysis

Hello traders. I'm not a pattern trader. So, I won't take this trade, but I like to share it for those, who can trade patterns or like to look this chart in terms of correlation with SPX500. There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to...

WaveAnalysis

Hello traders. I'm waiting for a huge drop in GBPUSD for a long time. Now, it can be time for the next weekly down impulse. But still, it's too early to say. There 3 options as I can see and 3 different targets. (1) Down move can be X wave. In this case, 1.35 should be the target. (2) Down move can be the bigger corrective structure for more upside. (3) Down...

WaveAnalysis Updated 

Hello traders. I'm looking for the long trade opportunities on Copper. In my opinion, up move will create a running or an expanding flat as B wave in 4th. That's why I'm looking for upside. Target is not clear. it can be one of 0.786 or 0.886 retracement levels of whole down move. Here is my daily forecast. I'm expecting a correction as the 4th wave. If you...

WaveAnalysis

Hello traders. I believe that there are 3 options here. (1) Blue ABC can be a completed corrective structure, it will make a down impulse. (2) A correction like the white arrow as a 4th wave, then up move. (3) A correction like the green arrow as a 4th wave, then up move. I don't think 3th one will be the case, but of course, it is possible. At this point, I'm...

WaveAnalysis Updated 

Hello traders. I'm expecting very big down impulse, which will break the previous monthly bottom. That's why I'm seeking short trade setups in this pair. We got a down move in this timeframe and it looks like a correction is in the making. I have an entry order below the previous bottom. I'm also waiting for a breakout trade. If I manage to find a better entry,...

WaveAnalysis Updated 

Hello traders. You can see in the daily timeframe that this chart has great potential for upside and that's why I like to take long trades. Wait for a correction and take the breakout trade.

WaveAnalysis Updated 

Hello traders. We have another short trade setup in USDCAD. I hope this time it will go down to my target: