USDCHF is making lower lows for a while. As analyzed, I recognize we are already in a wave 5 of this big downtrend. So that means we just ended the abc of 4. The BOS is already made. So it looks we can look for sells!
Last month we saw a big rejection when gold touched 2150. With this strong pullback and the second rejection from wave B at the .618 it seems we are going into wave C Towards 1933.
On the weekly we are now in a big downtrend, but on the daily in a correction, which respected the 61.8 fib level with a break of structure. Now on the 4HR timeframe we had a clear ABC correction which is probably already finished by touching the .38 fib level. We want to trade safe so we place a sell stop order below the last low around 0.984 for a continuation...
EURCAD - On the weekly timeframe we can see that we are now in a correction. We expect a bigger ABC correction going atleast to 1.40700. IF the price makes a structure break in the current wave B at the 0.5 or 61.8 fib levels on the smaller timeframes like 30M, then we have nice opportunity to sell this pair.
I see a nice buy opportunity by using the elliot wave.
I see a nice buy opportunity by using the Elliot Wave theory.
I see a nice buy opportunity on GBPJPY. I believe we are now in a abc correction before the continuation of the uptrend.
I see a nice buy opportunity by using the elliot wave technique
I see a nice sell opportunity coming up by using the elltiot wave.
Beautiful potential trade o GBPUSD. Broke previous highs. Price is currently in a pullback before a continuation to the upside.
After this long pullback we can expect a continuation of the uptrend. The price also rejected the 38.2 fib level.
We clearly see a double top where also the 61.8 fib level is. I believe we will now continuing the downtrend.
Currently in an abc move down before a big move up.
I see a nice buy opportunity by using the Elliot wave.
After a big uptrend we see that the price made a clearly ABC correction on the daily. I think this was the retracement of a continuation for the uptrend. Entry should be around 88.73, which is the 61.8 fib level.
On the bigger timeframes we are still in wave 3. We currently are now, in what I believe, in an ABC correction. Once we see a structure break in the box on the smaller timeframes, we can look for shorts on this pair.
After an 5 legged Elliot Wave, I think we are now in a larger ABC correction.
AT 0:40 I MEANT WAVE 2, INSTEAD OF 1. I see a nice sell opportunity by using the EW strategy.