wedidmakepipsbro

wedidmakepipsbro Updated 

Hello there fellow traders, I've been riding this pair for a while now. Here is a good long trade for this trading week, another Higher Low created, however, I'd wait for a clean bounce off this support trendline to go long. Clean & Simple chart analysis.

wedidmakepipsbro

After a clear H&S pattern, we managed to get a retest of our neckline right at the 61.8 fib level. This may come in as a correction, so I will be expecting another impulse wave to our 127.2 extension on this pair.

wedidmakepipsbro Updated 

Hi there fellow traders! CADCHF is looking pretty bullish for me. We see market making a correction every time it creates a Higher Low and eventually bouncing off this trend line. So, a bullish move is very much expected here in order to continue this uptrend. Let's see how it goes.

wedidmakepipsbro

Hi there fellow traders! It is looking like GBPCHF is ready to make a reversal. What market may have created here is a Higher Low, with a possibility of an uptrend continuation. We may have strong rejection here on previous resistance (now acting as support) which comes right on our 38.2% fib level. My first target is 1.28820, but if a rally is indeed bound to...

wedidmakepipsbro Updated 

Hi there fellow traders! New month, same goal. My view on USDCHF is pretty bullish. I believe we managed to get a break out and a retest as support on this trendline. This support comes as a correction as our 4th wave and this is where I am expecting our 5th wave to form (elliot wave theory). With a strong Divergence on our Daily chart, price may actually rally...

wedidmakepipsbro Updated 

Hi there fellow traders! USDJPY is looking pretty bullish for me. We have a third bonce off our (support) trend line as a shooting star. This comes in at our 78.6% fib level. I believe that the market is creating an ascending triangle and price is to go higher at this point. Let's see how it goes.

wedidmakepipsbro Updated 

Hi there fellow traders! AUDCAD is looking pretty bearish for me, and I think it is pretty obvious why. We have a 3rd bounce off this (resistance) trendline with price showing bearish candle info at the 61.8 fib level. Market is making Lower Lows and Lower Highs, so a Lower Low is expected in this case (This being our Lower High). Price may move lower than my...

wedidmakepipsbro Updated 

Hi there fellow traders! EURGBP is looking pretty bullish for me. I am expecting a bullish move to the level - 0.90396, which is at a Daily Resistance and a perfect 127.2% fib extension of leg AB. A move to this level will complete an ABCD pattern. Let's see how it goes!

wedidmakepipsbro Updated 

Hi there fellow traders. XAGUSD is looking pretty bearish for me. I am expecting a continuation of a downtrend here. I believe the market is creating another Lower High, thus having a 3rd rejection off this (resistance) trendline which comes in on the 61.8% fib level. This comes with a strong Divergence on the 4H chart, possibly out to create a Three-Dive pattern....

wedidmakepipsbro Updated 

Hi there fellow traders! XAUUSD is looking pretty bearish to me, but what may confirm this is today's Daily close. After bouncing off this (support) trendline 3 times for the past few weeks, price finally managed to break it and has now come back to re-test it. This trendline being so strong may eventually turn into a strong resistance and we may see a low being...

wedidmakepipsbro Updated 

Hi there fellow traders! NZDUSD is looking pretty bullish for me. I have been stalking this pair for quite some time now - looking for an opportunity to go long & I think I may have found one. I am seeing a bounce off this trend line to create a new high, thus continuing this bullish trend . First target is 0.75360, let's see how it goes.

wedidmakepipsbro Updated 

Hi there fellow traders! NZDCAD is looking pretty bullish for me. After a Bullish Cypher pattern was formed on our Daily Chart, I am expecting market to hit our first target, which is our 38.2% fib level. Moving onto a lower time frame, market managed to break out of this (resistance) trend line & we may have a (second) retest on it as support. This retest is on...

wedidmakepipsbro Updated 

Hi there fellow traders! EURCAD is looking bearish for me. Playing with the simple Support & Resistance rule, I believe we have achieved a broken trend line and market has re-tested it on the 4H chart. Look left you will see that market is currently at a significant resistance, so this calls for a continuous bearish movement. My downside target is set on the 1st...

wedidmakepipsbro Updated 

Hi there fellow traders, AUDNZD is looking pretty bullish for me. We have some confluence on this pair with a HEAD + SHOULDERS pattern forming on the 4H chart, a third bounce off our (support) trendline on the Weekly chart, and a bullish Bat harmonic pattern formed on our Daily chart. We might see this pair rocket in the upcoming weeks but I have my target set on...

wedidmakepipsbro Updated 

Hi there fellow traders! GBPUSD is looking pretty bullish for me. After the strong impulse we had on the 1H chart, price is currently playing & correcting itself around the 1.28850 area (which also happens to be our Daily Support if you look at previous market structure). We may see GBPUSD rally again as a result of a breakout of our bullish flag. And looking at...

wedidmakepipsbro Updated 

Hi there fellow traders! My view on GBPAUD is bearish, I believe the market is creating Lower-Lows & Lower-Highs, which can also qualify as a 5 wave Elliot pattern. Looking closely at the 4H chart, we may have a achieved a broken trend line with a possible re-test as Resistance. GBPAUD can go as low as hitting our (support) trend line (this may be as our second...

wedidmakepipsbro Updated 

We might see price decline from the 50% fib area, if not 38.2%.

wedidmakepipsbro Updated 

Hi there fellow traders, after a 5 wave pattern to the upside on EURAUD, we might see an ABC move to the downside. Price is moving into our 78.6% fib area which is also a 127.2% extension from Leg B to Leg A, and looking at our previous market structure, we see that there are rejections at that level. This whole market structure forms a bearish Gartley. If market...