Just an idea. Fake break of 200 EMA, retested trendline of previous triangle formation, strong rejection off EMA and a smaller triangle formation with heavy bearish movement shown.
Long on pullbacks. Expecting correction wave around 10.382 - 11.618 fibs. Still respecting bullish channel since 2018
Modified from previous usdchf idea. Wave 1 ends at 3.618, wave 2 either completed at 1.618 or still further correction to trendline/impulse. Further correction still highly probable - SXY (purple) may touch trendline before showing weakness. DXY also showing continuous strength.
EW triangle pattern, potential first upwards impulse started. 3.618 pivotal resistance. Similar to previous idea
Possible EW formation. End of first wave (point 5) or first leg of second wave (point 1) could also be first leg of a bigger wave. SXY filling in harmonic triangle pattern, DXY showing some strength.
This idea of USDCAD is based on the bullish channel that has been respected since mid-October. The pair has met quite a significant resistance zone in the past couple weeks, which is has tested again and again. The zone has not been broken yet, and the channel is still being respected, leading me to find an opportunity to take a long position. This scenario has...
My overall sentiment of EURUSD is bearish still. Bearish Elliot wave built with the last wave of the corrective pendant still in play. Expecting E wave to hit 1.14 level where I will most probably await a rebound a short entry. Some EU news incoming (12:45pm 13/12/2018) could have an large effect. Target - bottom of pendant, 1.12175. RR ratio - 3.5:1 This pair...
This is my idea of NZDUSD for the next 1/2 weeks. Looking at a zoomed out chart, you can see a cup and handle pattern, indicating more bullish movement is to be seen. This idea is based on the Elliot wave, with the impulse wave formed off a reversal, and the corrective wave now coming into play. It is my view that the correction wave has 1) already been completed...
Waiting for third touch of trendline or a breakout. If bounce off the trendline, look to short at 1.14 psychological level, or at 0.786% or 0.618% fib level. Breakout - look for 1:1, target 1.12162, SL 1.14050 0.786% rebound - look for 2:1, target 1.12162, SL 1.14050 Resistance area retest - look for rebound at 0.618%, 3.5:1 risk, target 1.12162, SL 1.15050
Next strong support at 1.10300. Head and shoulders also visible
EURUSD showing potential head and shoulders
Pullback from 100% level, depending on price action around the next potential sell area. Looking to TP at 1.5:1 and/or 3.5:1
Looking for pullback on 50% or 61.8% levels. Inverted flag