Going to look for 3 longs with stops just below the previous low. Broken cloud on the 4hr and overall bias on daily is still bullish. Will look to make a full 5 wave elliot count towards the support.
We have seen this thing make lower lows and lower highs. There are elliot waves within elliot waves providing good risk to reward ratios. It also looks like it might break the horizontal support and retest for a further drop. Refer to pic and let me know what you guys think. Like for more charts! Thank you!
Looks like a nice elliot wave on the daily. Wave 4 is supposed to retrace back down to 109.7ish. Wave 5 looks like it's heading towards horizontal resistance. Inside the 4th wave there is another wave where the final leg also reaches down to 109.7ish. It also looks like a break and retest of the resistance at around 109.7ish Looking for a short term sell and...
Pound Franc looking long for a quick 300. These pound pairs have a lot of volaility lately. Formed a higher low and a higher high. Looking at a potential elliot wave. RR ratio almost is great. If it breaks below the previous low then this will be invalid making me have a tight stop loss. Looking for wave 3 to go 1.6% of wave 1 for tp1 and tp2 will be the...
I hope you boys like this. We have seen a lower low on the 4hr and now a bullish flag. Going to use the elliot for a good RR ratio with 2 positions. 115 seems to be a comfortable number for wave 3 on this pair which is also 1.618 of the first wave down. Final wave also seems to be another solid horizontal key number which tends to be 2.618. Stop loss will...
Short on the EUR CHF pair. EURCHF looks like it will be turning from the resistance line and head down towards the gap. We've also shown rejection at the resistance with a lower high, so I will aim for a lower low around .1618 of the first wave. Nice crossover on the daily stoch. If it hits the stop loss, then everything will be invalid. Good RR ratio.
Hi boys! Still sticking to this idea. Overall long term we see a HH and HL. Good RR ratio and the chart is pretty self explanatory. Today we got a newer high on the 4hr. Been holding this for a while, but just added another position.
Aud/Usd I will look to short this. It's extremely overbought with divergence on the RSI. Stock RSI just had a crossover. Looking for a retracement. It broke the horizontal resistance and now it will come back and retest it as the support. Also the previous angled support is now the resistance. Once it comes down to touch horizontal line it will come back up...
We have lower lows and lower highs followed by a little consolidation. Crazy wick rejection from the clouds on both 4hr and 1day. Looks like we just had our first wave down. I will have 2 entrys as shown in the charts!. Thank you :p Contribute to my tip jar. Donations always encourage me to put out free signals for you guys :) BTC address:...
Nice break of both the cloud and support line. 9600 seems like a good short. Divergence on the stoch and a potential third wave down. Good RR
Dash BTC is still consolidating as it hasn't determined an exact direction. However we can take advantage of that. It's still slightly moving upwards, but we have a nice rejection from the cloud on the daily with a nice burnt out wick. This should just be a quickie. Contribute to my tip jar. Donations always encourage me to put out free signals for you guys...
Strongly recommend staying away from this. BTC will face enormous pressure and volatility come august 1. This thing has needed a deeper retrace so here it comes. I mentioned how the psychology of the market works in my last BTC post and the market is going exactly as mentioned.
NZD JPY we are looking at a nice triple top with solid wick rejection. Nice crossover on the stoch RSI and nice divergence on the RSI. Not a fan of going against the trend, but the ratio is great here. My entry, stop and tp are posted on the chart. Ideas always welcome.
I'm not in this trade, but it played out perfect and I did not see it until now. Perfect elliot where wave 3 is exactly 1.618 of wave 1 and wave 4 with a perfect retracement. Wave 5 will reach the 7725 mark which is also around the horizontal resistance. I would not trade the ABC downward correction unless I see better signals.
Canadian swiss franc has two major horizontal levels. Price action looks like it might break horizontal level upwards and range between 7300-7700. It's had a very nice bullish run this week, however, it is important to wait for the daily candle to close above the horizontal resistance. RSI has reset and still has more room to move upwards. It also broke the...
Going long at least until 108. Today there was decent volatility that resulted in a move upwards causing it to close well above both horizontal and diagonal resistance. I believe we are on the third wave of an impulsive move up. Higher highs and higher lows let me set my pitchfork for better understanding. Ichimoku cloud has been broken and the conversion line...