zorrays

zorrays Updated  Mar 3, 2020

MACROS: Brexit-related uncertainty with a combination of the UK's macroeconomic conditions. Until we see some more clarity on the EU-UK trade deal, we should be expecting GBP to weaken. TECHNICALS: Expecting to complete C-Wave and break of the triangle pattern + support area before executing this trade.

zorrays Mar 3, 2020

Technical Strategy: I am aiming to catch the 5th wave from a nice pullback to the new support level. Macro Insight: The RBA was quick to set another 25 basis point rate cut which lowered their key policy rate to a new record low of 0.50% to counter coronavirus hit. Although, a Safe Haven currency could have been my best bet to trade however I am very positive...

zorrays Feb 25, 2020

TECHNICAL STRATEGY I am looking to take this short (after a pullback) after this has been rejected from the top side of this descending triangle. I am also anticipating a new wave count and hoping to catch the 3rd wave. DESCENDING TRIANGLE RISK OFF SENTIMENT Another thing that drove me to sell this pair is the fact that the CBOE Volatility Index has...

zorrays Updated  Jan 4, 2020

BITCOIN TO THE DOLLAR TARGET BASED ON FIBONACCI EXPANSION - 1.272 AND FIBONACCI EXTENSION 1.618 HOPING TO CATCH WAVE 3 ONCE IT BREAKS THE FLAG AND IDEALLY THAT HORIZONTAL RESISTANCE AREA (RED SHADED AREA). THE ONLY OBSTACLE I CAN SEE IS THE DAILY RESISTANCE SHADED IN GREY

zorrays Updated  Jan 2, 2020

BIAS: LONG 5TH WAVE WEDGE PATTERN TARGET BASED ON FIBONACCI INVERSION + RESISTANCE

zorrays Updated  Dec 14, 2019

BIAS - SHORT WEDGE PATTERN WAVE 3

zorrays Updated  Nov 27, 2019

BIAS: LONG 5TH WAVE WEDGE PATTERN THIS TRADE IS SUBJECT TO BREAKING THE HORIZONTAL RESISTANCE (THIS IS NOT ALWAYS THE CASE BUT THE SHADED RESISTANCE HAS BEEN RESPECTED MANY TIMES

zorrays Nov 27, 2019

BIAS: TECHNICAL STRATEGY: HARMONIC PATTERN - (GARTLEY PATTERN) This will automatically trigger once it hits D points which is 1.272 extension of A and B point.

zorrays Nov 15, 2019

BIAS: SHORT

zorrays Nov 14, 2019

BIAS: SHORT TECHNICAL ASPECT: 1, WEDGE PATTERN 2, C WAVE COMPLETED - EXPECTING NEW BEARISH WAVE COUNT 3, MACD CROSSOVER 4, RSI DIVERGENCE

zorrays Nov 12, 2019

BIAS: Short Technical Aspect: Elliott Wave Theory - 5th Wave target is based on Fibonacci Cluster. Macros: If we see a dovish cut tonight from RBNZ, 1% to 0.75%, this should support the Technical Analysis. If RBNZ refuses to commit themselves from easing, we can potentially expect this move on a smaller timeframe.

zorrays Updated  Nov 7, 2019

SHORT SELL Technical Aspect: 5th Wave on Elliott Wave Theory Wedge Pattern Fundamental Aspect: Fed reduces interest rate third time in a row this year

zorrays Updated  Oct 24, 2019

5th Wave Flag Pattern Head and Shoulder Pattern

zorrays Updated  Oct 22, 2019

Short Confluences: Gartley Pattern Elliott Wave

zorrays Updated  Oct 20, 2019

SHORT GARTLEY PATTERN (TRIGGERED) C WAVES (CONSIST OF 3 IMPULSE WAVES) DIVERGENCE - INDICATING THAT BUYERS ARE RUNNING OUT OF STEAM

zorrays Updated  Oct 17, 2019

Catching the 5th wave and entry is based on the Triangle Pattern The break was based on Australian Employment Change (Although it was negative - 14.7k)

zorrays Updated  Oct 17, 2019

Bias: Short Butterfly Pattern

zorrays Oct 15, 2019

SHORT H&S WEDGE PATTERN DIAGONAL PATTERN (ELLIOTT WAVE PATTERN) RSI DIVERGENCE