Following the uptrend in November, AUDJPY entered the H1 range. The break will allow you to enter a trade. The previous upward trend suggests that we are more likely to see a break in resistance, but pre-entries will be risky. Wait for the price to close outside the range and then look for an entry in this...
Do you know that Fibonacci expansion, pitchfork ... Both are "7"
In recent months, we have seen many sideways movements in the forex market in anticipation of clear trends. During this time we can trade within the channel, and in case of a break we can look for a continuation in the direction of the break! Today we show you the possibility at GBPNZD. Here we have a side movement started at the beginning of the month, which...
I have an end of week target price of $270 for BABA based on technical indicators. Alibaba has been flat for too long. If you are watching this based off my daily candlestick analysis make sure to give a big thumbs up!
Hello, dear subscribers! In the previous review we looked at bitcoin price dynamics in the current price range of $11,200 - $11,600. In the following days, the price continued to move in this trading range. Neither bulls nor bears were able to prove their superiority. The current price of the Bitcoin is $11,580. The MACD indicator shows an insignificant bull...
We have already published the opportunity to trade within the range at EURCHF 4 times. It started in mid-July and for 3 months now the price has been moving in this range. As you know, this is a good opportunity to trade from the bottom to the top and back. And in case of a breakthrough we look for an entry in the direction of the breakthrough. For now, the...
Traders, Since 29.07.2013 AUDCAD has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern. In the regular flat: 1 - Wave-(A) developed into a ZigZag internal structure...
Just an update to my post from Sept 30th. Based on the movements in Silver since then, I still believe we are in the last leg of a long term 3-3-5 Flat Correction, which started early August. I still believe we are in Wave 4 within Wave C (5 waves) of this Flat. I have zoomed in on this portion. This Wave 4 itself seems to be playing out as a 3-3-5 Flat. It has...
Just an update to my previous post from Sept 14 regarding XAGUSD Silver. Movements since then seem to continue to confirm to me that we are indeed in a 3-3-5 Flat correction for upside on the larger time frame. I have zoomed in here on Wave C of this Flat, which needs to play out as 5 waves to complete the Flat correction. Right now, within this Wave C, I believe...
One of the longest ranges at the moment is at EURCHF. We have already had the opportunity to look for returns from both levels several times. With each subsequent movement, however, the probability of a breakthrough increases! Now it seems much more likely to see a break up after the price has already come out once, but has returned sharply. We also have a...