di-trader

di-trader Updated 

This analysis is for educational purposes only. The price has broken out after testing the same level three times. After this, a retracement took place to the 0.618 level as well as a demand level.

di-trader

This analysis is for educational purposes only. Price has arrived at previous resistance on the four hour chart. This could be a possible support. The 1 hour chart shows the development of an Elliott Impulse Wave, which may now be setting wave 4 ,after which the last wave should arise. This wave has a possible length of 0.618 from wave 1 to 3.

di-trader

EURUSD appears to be working on a “Impulse Wave”/“Motive Wave”. Wave 3 was an extended wave of 1.618 of the total length of wave 1. Therefore, 61.8% of the total length from wave 1 to the end of wave 3 is a point to watch for the end of wave 5. * This concerns purely my vision on the principle of the Elliot Wave and certainly no advice to buy or sell / long or short.

di-trader Updated 

EURAUD has broken the resistance zone. This resistance zone will show in a test whether it offers sufficient support to push the price higher. The best chance is to go with the trend and look for a possible buy option. In my opinion, the best possibility for this buy is in the orange area between 1.6557 and 1.6516. In this area I will wait for a buy pattern on a...

di-trader Updated 

EURCHF has broken the support zone. This support zone will show in a test whether it offers sufficient resistance to push the price lower. The best chance is to go with the trend and look for a possible sell option. In my opinion, the best option for this sell is in the orange area between 1.0735 and 1.0746. * As a stop loss I use 1x ATR (indicator) above...