yafrosi88

yafrosi88

It looks the Ethusd is now forming W4: the last wave of ABC. I am waiting to break the last support to get a signal W5 of C is done. Then , we could see the formation of W5 .

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US30 is forming A flat pattern, and the price might reverse and go north with a bullish momentum from the point of Fibo extension 2.61% The pattern is canceled if price goes beyond 3.14 Fibo extension , as shown in the chart.

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DXY formed ,as shown, a five waves as impulse and a 3 waves abc correction, and that corrective move shows a good respect of the last bearish wave and make "throw under" . DXY IS still not good enough to buy until price passing 101.783.

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Let's see how Gold would react .if gold is shaping wave 4 as a triangle, we may witness a quick move to 2517 to form wave 5 and finishing either (1-A) .

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The price formed a Leading Diagonal ( 1-A) then retrace to 78 fibo which could emphasize the LD , then forming a wave 3.Now price is shaping wave (1) of wave 5, and I am waiting to see ABC correction , before heading south to finish waves no.(3)(4)&(5) of wave (5) to finish wave (1) as a first motve wave, OR wave (A) of ABC correction pattern.

yafrosi88 Updated 

I think price is forming an ABC correction, heading south to 61 fibo of the impulse wave. closing above B wave cancels the idae.

yafrosi88 Updated 

this could be a short term trade,price may go north to the upper trend line and may go beyond if wave 5 extend.

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I think long position is a good option now for a simple reason. wave 1 of the ongoing bullish trend retraces to 61 fibo forming a wave no.2. in fact, I am in a long position from price 1732 and manage my trade to 1850 minimum. Wave 3 ,as Elliot guidance refers,would extended to 2.61 fibo of the Wave1, or at least, 1.61 fibo. time will examine idea accuracy. ...

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this idea is to be archived and idea may not 4 trading,in fact, I am studying Elliot Waves and find this platform is a good way to retest my thoughts. why Long? on a daily frame, I found the 12345 waves have finished and wave 5 had an extension so wave extend from 2.61 fibo to 421.6 fibo,achieved on a price .9909 . I think it is a time for an ABC correction...

yafrosi88 Updated 

the daily bearish trend had been broken,and now price may revisit the daily demand zone and price could go north - bullish .

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The pair reaches a 23 fibo correction wave and may go south to visit the golden ratio of 61 fino, if you may interested in this trade,kindly stick with SL max +20 pips .

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This stock on a monthly frame is in a strong demand zone and on a daily frame a nice bullish movement formed and this COULD be a momentum sign for further bullish mode. So, We need a close look on this stock: market is still risky.

yafrosi88 Updated 

The cross is on a bullish trend and is coming up from a nice weekly demand points,so I think the pair will keep up bullish momentum and goes north,targeting the last supply zone on a 4 hr frame and may go beyond to touch the upper trend line of a channel.

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price goes south for a long time and now it is about to touch a monthly frame trend and that could work as a good support for price to recover.

yafrosi88 Updated 

AUDNZD shows a bullish movement and records a new high of 6 months,so i think this bullish mode will go on and price may come back to a zone shown in the chart,then we can make activate a trade.

yafrosi88 Updated 

here I am thinking about Gold to short, but as you may see,the chart indicates long position.What I want to say is the short positions take profit point is about 1815-1810.Why? because the price will be on the monthly bullish trend and EMA 20 is there almost. I will go long from 1810 and my planned TP will be 1880 and SL 1777. trade wisely it is just a possible...

yafrosi88 Updated 

n a weekly frame, we have seen a breakout of a bearish trend then price comes back south and I am planning to long a pair from the price zone .89662 and SL is below a zone - 20 pips, targeting monthly EMA 20 at .922446 price zone.

yafrosi88 Updated 

On a daily frame,we had seen a nice bullish tone and now price is discounted and may pull back to revisit a price zone of 1.50400. Stop lose is a two candles of a 4 hrs frame below 1.4550