Elliot wave wave in a daily TF most waves completed successfully and now wave 5 is forming as an ending Diagonal a down trend zigzag to complete the full cycle before going up the (invalidation price is tagged on the chart) ... and the ABC on chart is the depending on the market with expected (C) to reach at least 1850$ this is my thoughts sharing with you and...
A good Risk to Reward entry 267 pips gain upward entry 1.2013 Note: Aim for small risk small and big reward :)
This is a zoomed view from my previous Gold post.
The Chart speaks for it self a potential Elliot wave formation coming up. this chart will have lots of corrections but it should be within the limit of this Analysis in my view ***chart analysis posts doesn't mean it's guaranteed but it could be used as reference and educational so please trade with care*** if you are happy click like and share :)
wait for confirmation before you short,
looking for long when ABCD complete
As we saw the flag has been broken up and than made lower test while still above 50 fib, we still looking for more upper trend that might happen very fast, this chart will be invalid if the 4 hr candle closed below 50 fib
as we can see a flag has been formed for a long entry provided that fib 38 is our range for a reversal, the previous low reversed on fib 38 as well, in general this pattern is similar to the historical 27/01/2017 performance we have to two ways to enter either by watching the candle patter at fib 38 for example a hanging man candle, or wait for the break out of...
AUDUSD will go down but not for long respecting the C-D and the Patter, than might see upside moment, we might see double bottom as well, keep monitoring for a good entry Trade with care
looks like The GBPCAD is forming a triangle pattern which will be broken up wards soon watch break out for Long
I still believe we are bullish, rising channel with strong supports below at least until we hit 1.1830 trade with care watch the price action, mange your risk and reward correctly.
Trade with care this is just a personal idea of chart
Trade with care all info on the Chart
This is my personal idea, i wanted to share trade with care.
Stop lose above Resistance 135.0 is Good Trade safely.
A shark patter forming, watch out the resistance area marked.