GBPCHF, 4hr tf, sell the end of wave-4
This pair also retracing to complete wave-4. Just like my other setup i shared today. Check it out as well.
We might see another drop soon from this pair. As this trade providing 4R trade setup, it is worth to try it.
Sell GBPCHF 1.2690
Stop loss 1.2725
Take profit 1.2535 (4.4R)
Use only 1-2% risk
Good luck
Elliottwaveforecasts
AUDJPY, 4hr tf, sell the end of wave-(iv)After going down for 285 pips from 84.20 to 81.35, today we saw some retracement for AUDJPY.
For me, i still think AUDJPY is bearish and we might see another drop soon.
Price might only retrace to complete wave-(iv). Right now we're at 38.2% fibonacci retracement.
Sell AUDJPY 82.45
Stop loss 82.85
Take profit 81.00 (3.6R)
Use only 1-2% risk
Good luck
EURNZD, 1HR tf, buy position for wave-5
Same setup with EURAUD but there is slight difference as on EURNZD wave-3 extension is complete.
We are on the process of wave-4 retracement which might end at around 38.2 fibonacci retracement.
Buy EURNZD 1.6960
Stop loss 1.6910
Take profit 1.7185 (4.5R)
Use only 1-2% risk
Good luck
EURAUD, 1HR tf, wave-3 extension on process
We're possibly on the process of wave-3 extension. It would be pretty very nice if we could see price retrace around 1.5830-1.5855 area.
If price manage to retrace around 50-61.8 fibonacci retracement level then we will initiate our buy.
Buy EURAUD 1.5830
Stop loss 1.5785
Take profit 1.6030 (4.4R)
Use only 1-2% risk
Good luck
EURCAD, 1hr tf, upwards movement potential
Same setup as previous trade. We're waiting for price to complete the wave-4 retracement.
We might see price found support around 1.5800-1.5810 area before continue moving upwards.
Buy EURCAD 1.5810
Stop loss 1.5760
Take profit 1.5960 (3R)
Use only 1-2% risk
Good luck
EURAUD, 1hr tf, further bullish movement
After rallying for +160 pips in the last 24 hours, i expect price to retrace a little bit.
I think we just completed wave-iii and will soon wave-iv correction.
If price retrace towards 1.5825 we will initiate our buy. This is where 50% fibonacci retracement of wave-iii located. It offers a good RR trade setup.
Buy EURAUD 1.5825
Stop loss 1.5785
Take profit 1.5945 (3R)
Use only 1-2% risk
Good luck
GBPCAD, 4hr tf, new bullish cycle
Same plan as EURCAD. We also saw the potential of GBPCAD new bullish cycle to the upside.
Wait for price to retrace around 1.7160-50 before initianing buy.
We wanna see price complete wave-iv correction before entering buy.
Buy GBPCAD 1.7155
Stop loss 1.7120
Take profit 1.7280 (3.5R)
Use only 1-2% risk
Good luck
EURCAD, 4hr tf, new bullish cycle
As you can see price rally fiercely yesterday. This could be the start of new short term bullish cycle to the upside for EURCAD.
We're going to start buying EURCAD on every dip.
For starters, we're aiming for this wave cycle. Wait for price to retrace toward 1.5700 area before initianing buy.
Buy EURCAD 1.5700
Stop loss 1.5670
Take profit 1.5810 (3.6R)
Use only 1-2% risk
Good luck
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W
Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III .
ZC1! : 🕐 1W
The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern.
CORNUSD :🕐 1D
When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
EURJPY, 4hr tf, sell on confluence of resistance
Last pair for JPY crosses is EURJPY.
It is now on area of confluence resistance. Not only horizontal resistance but also EMA-50. If you draw fibonacci retracement from ii to iii you will see we're around 61.8 fibonacci retracement as well.
Check my NZDJPY and AUDJPY sell setup as well if you follow this.
Sell EURJPY 132.15
Stop loss 132.70
Take profit 129.70 (4.45R)
Use only 1-2% risk
Good luck
AUDJPY, 4hr tf, textbook example of Elliott WaveWe saw a textbook setup of Elliott wave principle.
Wave-iii stop exactly at 1.618 fibonacci extension and price then retrace for wave-iv.
We could see wave-iv stop retracing any time soon. As price now facing EMA-50 as resistance.
We still need protective stop loss to play it safely so we will use 84.00 as our stop loss because there is where wave-i located.
Sell AUDJPY 83.60
Stop loss 84.00
Take profit 81.70 (4.75R)
Use only 1-2% risk
Good luck
GBPJPY, 4hr tf, sell the end of wave-ivTrade ideas for GBPJPY by Hardi
Price right now on horizontal resistance level. There is also EMA-50 on this resistance level so we could say this is an area of confluence.
Yesterday we see an aggresive meltdown on GBPJPY, which i assume as the wave-iii.
Right now, I am assuming we're at wave-iv because it is retracing the recent meltdown. We will use wave-i as our protective stop loss based on Elliot Wave Theory
Sell GBPJPY 153.70
Stop loss 154.20
Take profit 150.70 (6R)
Use only 1-2% risk
Good luck
Elliott Wave: 4th wave, get ready to go down, build the 5th wave🎯 I focus on Modern Elliott Waves (Neowave) because this strategy gives me objective to start entry and stop levels. #BTCUSD
📚 According to the Wave Theory: wave 4 cannot cross generally the bottom of the 1st wave in impulse waves .
So, we can use the bottom of the 1st wave as an invalid level for a bearish outlook 🤓
Such trades give a limited risk, and the potential reward is always several times greater than the risk. Just what we need!
GBPUSD, 4hr tf, wave-5 to the upsideTrade ideas for GBPUSD by Hardi
We could see further upside in GBPUSD. Price moving in sideways direction for the last 3 weeks. I think we will have explosive movement soon.
We also currently completing WXY correction and might continue to go upwards completing wave-5. Wave-4 complete exactly at ascending trendline support.
Notice that FOMC is just around the corner so minimize your risk as low as possible.
Buy GBPUSD 1.4120
Stop loss 1.4060
Take profit 1.4300 (3R)
Use only 1-2% risk
Good luck
The Bull Run Rises: The Bitcoin Boom has just begun.The Bitcoin Baby Bear is dead. The Bull got pissed off and killed it.
All kidding aside, I've seen a TON of bearish posts about Bitcoin. I think they all forgot that Bitcoin tends to correct like this, during a bull run. I know, I know, we closed below the 21-week MA, but relax. The Bitcoin Boom has just begun.
I'll stop just short of me saying that everyone is wrong, and I'm right. Because to throw out the possibility that a bear market has begun is silly, because I am biased. That being said, I believe I have a TON of confluent reasons to support my case.
So give it a read, and let me know what you think.
I'll provide updates as we go.
Stay tuned...