


We’re seeing a beautiful textbook rejection off the 0.79Fib zone (0.8200), precisely where price tapped into a previous structure break and minor supply block. Price surged into the red zone, wicked just above the 200 EMA, and was instantly met with heavy sell-side pressure — a strong signal of institutional distribution. 📌 Technical Confluences at Play: Price...
USD/JPY is currently consolidating within a well-defined symmetrical triangle, respecting both the ascending and descending trendlines with clean touches. This structure typically precedes a volatile breakout, and the technical confluence here favors a bearish resolution. 🔍 Technical Breakdown: Price failed to hold above the 0.5 Fib level of the recent swing...
We’re currently monitoring what appears to be a textbook Elliott Wave 1-2 structure, with Wave (2) bottoming near $3,293. Price has since pushed up and consolidated above the 0.5–0.382 retracement zone, holding firm at key EMAs and structure. 🔍 Key Technical Highlights: Wave (1): Clean impulsive structure. Wave (2): Corrective decline finding strong support at...
USD/CHF is currently forming a textbook symmetrical triangle consolidation pattern just below key EMAs (20, 50, and 200), signaling potential exhaustion in bullish momentum. Price is compressing against the upper boundary of the triangle, failing to sustain above the 0.382 Fib retracement level (0.82302), which is aligned with the 50 EMA – a known area of dynamic...
Gold has completed a clean Wave (2) correction, bottoming at $3,292.30, respecting both structural demand and fib confluence. Price is now showing early signs of Wave (3) development to the upside. 📌 Key Structure: Wave (1) High: $3,403.30 Wave (2) Low: $3,292.30 (confirmed higher low structure) Market is now consolidating slightly above the 0.5 fib level...
Gold continues its bullish recovery, having completed Wave (4) at the channel low. We're now riding Wave (5) with strong momentum. 🔹 Entry Executed: Entered long at the 0.382 Fibonacci retracement – $3,272.57, a key confluence zone with the EMA and previous structure support. 📈 Bullish Targets: $3,396.89 (0.27 extension) $3,463.25 (0.618 extension) $3,499.84...
Hey traders! Just wanted to share this clean Elliott Wave setup I’m tracking on Gold (XAU/USD). We’ve just completed what looks like a textbook Wave (4) correction, finding support right at the lower boundary of this long-term ascending channel. Price also respected the 38.2% Fibonacci retracement perfectly, lining up around the $3,090 level. That level is acting...
We're tracking a potential Wave (5) extension on EUR/USD after a clean completion of Wave (4), which bounced right from the golden zone between the 0.382–0.5 fib levels. 🔍 Structure & Context: Wave (4) bottomed at 1.1065, aligning with key fib confluence and RSI oversold bounce. Price is now showing early signs of bullish momentum, currently trading just under...
Hey traders 👋, We're setting up for what could be a textbook Wave (5) breakout on the 4H GBP/USD chart. After a clean corrective pullback to the golden zone (0.618–0.705), bulls are stepping back in. Here’s the technical story: ⚙️ Technical Breakdown: ✅ Elliott Wave Structure: Wave (4) seems complete following a controlled retracement. If this count holds, Wave...
AUD/USD is currently completing a corrective Wave (2) within a larger impulsive structure. After the peak of Wave (1) at 0.65145, price has been in a healthy retracement phase, now nearing key fib confluence zones. 🟣 EMA Confluence: Price is reacting near the 100 & 200 EMA (0.6373–0.6394), which has acted as dynamic support throughout this structure. We are...
XAUUSD (GOLD) 4H chart breaking out from Wave (4) with a clean Elliott Wave structure Targeting the 3,480+ zone for Wave (5) — Fibonacci + EMA confluence + breakout confirmation all lining up! Entry zone was right near the 0.5–0.618 fib sweet spot 🟦 Now we ride the wave Current trade idea: Long bias 🎯 Target: $3,480 🛑 Risk: Below $3,166 🔍 Strategy: Wave theory +...
Hello fellow traders, as we can see USDJPY is urgently trading in a descending channel and reached a point of resistance. This resistance is also confirmed by a key FIB level @.786. If this holds we can expect to see price move towards the next support around 128.00. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea...
As we can see EURUSD is currently in a bearish sentiment. It retraced to the 61.8 FIB level which is a key fib level for the second wave of the Elliott Wave Theory showing nice resistance to the level. Next we should see a strong impulse downward if the idea plays out correctly. The SL and TP have been marked accordingly. Upgrade your trading with me For FREE...
As we can see GBPUSD has broke out of structure and is showing a bullish sentiment. I expect it to retrace to around the 61.8 FIB level and continue moving upward. Idea will be updated upon confirmation. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea and many more please follow: @wrightwayinvestments...
As we can see XAUUSD is forming a rising wedge and heading towards an area of high resistance. I’m expecting it to break out the rising wedge and head down upon breaking this idea will be updated. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea and many more please follow: @wrightwayinvestments...
As shown USDJPY has broken out of the bearish channel and showed and showed support with a bullish momentum with a double bottom and by jumping from the trend line of the bearish channel. Moving forward we can expect USDJPY to continue moving towards the target levels of 134.000, 137.000, and 140.900 with an invalidation level of this idea being at...
As Shown USDCHF is in a bearish channel and and has formed a double bottom indicating some bullish activity which may proceed to breakout of the channel. For now we wait for a breakout and watch to see if this idea holds true. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea and many more please...
As Shown EURUSD has broken out of the ascending channel as i have marked up previously. I have changed the invalidation level to better fit the updated market conditions which is now set at 1.10343. The target levels for this trade is 1.05000 and a long term goal of 1.035000 Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on...