Correctivestructure
GU Flat corrective structure! Traders! What's up? Lookin' like a textbook flat forming here on GU. I'll be looking to go long next week! I will watch for a break to the downside for an expanded flat, but as of right now it appears to be respecting the lower structure! Setting up for impulse 5! :D
Thumbs up if you agree, and comment some feedback! I appreciate you ;)
Thanks for checking it out, and may the pips be with you!
GBPCAD - Possible final bearish push into long term supportStrong bearish price action since start of the week. I am looking for a possible final push (exhaustion) into the long term support around 1.5950.
Looking to get short on a pullback towards 1.61 with first target at the bottom of the corrective structure around 1.6050 and in extension a final target around 1.5950.
BUY SET UP IN EURJPY - 2H CHARTHey Traders,
Long time no post, happy new year and happy holidays!
I am back with a few analysis from my holidays, one is this trade, EURJPY.
In my team we traded the flag down, we managed to get a 116 pip trade done.
This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it.
The ongoing brake maybe a Throw-Over so we have to wait, if it consolidates on top of the line then we get a buy set up.
If flag ain't clear then wait for a CLEAR BRAKE of the upper resistance level.
Carlos
Expecting double Zig-Zag. Let's see how price breaks down!Happy new years eve traders! (my time in Chicago)
As you all know I've been staying up to date on my ideas taking them piece by piece as they develop. The chart explains what I'm thinking, and other than that... ITS TIME TO PARTY!!! I hope you all continue to kill it in 2017!
Give me a thumbs up if you like the idea, comment with what you are thinking, or just to say wasssssup! Trade responsibly ;)
ABC CORRECTION IN AUDNZD - DAILY CHARTHi Folks,
One more analysis. I really have my hopes into this trade, working with a buy limit order.
We have a past eliott motive wave (12345) followed by a perfect ABC ZigZag correction since it is formed by two "threes" and a "five".
At the end by -C- point we have a small extended flat followed by a downtrend channel consolidation.
My final prediciton is that in the 0.786 level the market will bounce, without breaking the bottom level. If it does not touch the level 0.786 then it will brake and start the new motive wave.
Carlos
USD/CAD - POSSIBLE SHORTOn the one hour time frame we have a breakout of the corrective structure / consolidation period to the downside, however now we're touching a key support of 1.33600. I will look to see what PA does around this area to see if i can get an entry. If we bounce i won't take the trade long. However if we break below support, i will be looking for a retest before going short.
Target: 1.32500
Follow my instagram for more trading updates: Link in BIO.
USDJPY, Elliott Wave Cycle , Long-Term SHORTHello ,
I have noticed this Elliott wave cycle is going for completion in long term .
The long-term target is to reach 92.000.
I am not saying to enter a trade now , you have to find a good entry point .
I will update this idea later in lower time frame .
guys if there any advice you can help me with , i will be grateful. :)
Good Luck
SELL SET UP IN EURGBP - DAILY CHARTHi again people,
This an updated analysis I did a month ago. You can check it out in the link here of related ideas.
I expected the market to do a move up to form -X-. Following Fibo rules I estimated the location of -X- following a downtrend line as a main guideline of the Daily corrective structure.
We are now looking for a brake down from -X- and then get in a short position!
Carlos