Elliottwaveforecasts
EURAUD, 4hr tf, buy elliott wave setup wave-(v)Hello my friends,
Here is my setup for EURAUD.
I am using elliott waves rule for this trade to get 4.5R trade setup.
As you can see price now on a correction after an impulse wave-(iii).
Fourth Wave usually are only a quick correction and stopped around 50% fibonacci of Third Wave.
After counting the fibonacci retracement, we could try putting a buy limit order at 1.6315 which is the 50% fibonacci retracement of wave-(iii).
For protective stop loss, we will use elliott waves rules where Fourth Wave could never touch First Wave.
Buy limit EURAUD 1.6315
Stop loss 1.6270
Take profit 1.6450 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
XAUUSD - Elliott Wave ForecastHello all,
A quick update, the smaller degree wave (v) could be in play. Price has bounced of a possible wave (iv) count around 1831-1832 (38.2%).
If the wave (v) is in progress then I expect the price to drop back out of the marked sell zone.
Please refer to my previous ideas which are linked below.
Follow for further updates.
Trade safe,
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Trust your own analysis.
Beyond Edge
GBPAUD, 4hr tf, channel elliott wave analysisHello my friends,
I spotted a good setup on GBPAUD and i think it is worth to try taking it.
This is a 5.5R trade setup which rarely come so we will try to capitalize it.
As you can see price moving inside a parallell channel and we could try counting each movement with Elliott Wave counts.
The movement respecting elliott waves count as clear as sky.
We are now finishing wave-4 and could start to continue going down along with wave-5.
We will use wave-1 as our invalidation because the rule of wave-4 is it will never touche wave-1 area.
Sell GBPAUD 1.8190
Stop loss 1.8230
Take profit 1.7970 (5.5R)
RR ratio 1 : 5.5
USe only 1-2% risk
Good luck
EURCAD, 4hr tf, buy bullish flag breakoutHello my friends,
Another setup for December is EURCAD pair.
As you can see, it looks like a bullish flag pattern formed on this pair.
Price already took down the resistance and currently retesting it as a support.
We might see price rotate towards 1.5650-60 area.
This bullish flag measured objective are around 270 pips.
The next resistance would be at 1.5650 which where will be our take profit for this trade.
If you're a fan of Elliott Wave, we could also assume this movement as Wave ABC correction in my opinion.
Let's see how this turn out.
Buy EURCAD 1.5510
Stop loss 1.5460
Take profit 1.5660 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
BTC/USDT 4h is highly probable to be bearishBTC is going to be bearish as the volume of the bearish candles are significantly more than the volume of the bullish ones and the Elliott wave indicator is either finished a full ABC pattern or the trend is still on its B part and the C part will make the BTC trend cross the dynamic support and continue its bearish adventure
GBPUSD🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰
Cable seems to be giving us a (w-x-y) pattern for
this final leg of wave (B) of (A-B-C) correction of Wave (A)..
But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then
bears are now preparing to get on boards for wave c.
If cable continue to break and trade above 1.33217 level, then this will prove bulls still in control
of wave c or wave y of c of (a-b-c) of (b) but if price trade below (1.31948 / 1.31034 )
or below 1.29737 then we might consider having completed wave b then bears on boards for wave c
The structure may change at anytime, make sure you validate it
and apply your risk management before placing any trades...
This whole correction could be a Running Or Expanding Flat if Cable continue pushing higher💵💵💵😊💵💵💵
All the best 💵💵💵😊💵💵💵
BTCUSD Elliott Wave Prediction - What's your count?Hello all,
A long term forecast for Bitcoin going into 2021.
I am counting the third wave to be in the region of 33k - 38k USD. An extended third could possibly go in higher but I won't entertain it just now as it's anyone's guess.
In accordance to Elliott Wave theory, the third wave is typically the most impulsive so it is possible that we achieve this level before Q1 2021.
I will provide further counts and price levels once we've successfully breached the ATH. Please follow for further updates.
Do leave a comment with your price prediction. How high do you think it'll go during this run?
I'm keen to hear your thoughts and as always, a like to show your support is much appreciated.
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust your own analysis.
Beyond Edge
XAUUSD Elliott Wave Prediction - Does it match your target?Hello all,
A long term forecast for Gold going into 2021.
I am counting the fifth wave to be in the region of 2185 - 2300 USD.
Will provide detailed counts and price levels once we're into the final wave of this leg. Please follow for further updates.
Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated.
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided.
Trust your own analysis.
Beyond Edge
AMD 1D Elliot Wave, Equal Legs Clearly, this chart has a lot going on. Technical analysis using Elliot wave projection + bull flag + equal legs. New to using fib circle but I gave it a shot here because I like the reactions. AMD completed an ABC from September to October. A new impulse seems to be in play.
Equal legs target rationale: AMD went on a 6 month run from March to September ($36-$93). Then price pulled back holding the .382 from the initial run up, forming a bull flag with declining volume. Equal legs target= $131 in 6-7 months if price remains above $73.
Elliot wave rationale: We have a completed ABC flat correction from September to November. Breaking out of the downtrend with higher lows. Held .382 from the initial run up in March. Possible wave 2 in near the .764 fib retracement. Invalidated if $73 doesn’t hold.
Targets are in green.
EURCHF analysisI think the corrective wave two on EURCHF is now complete with a complete breakout of blue channel on wave AB and a clean retest on wave BC.
Impulsive wave three now looks clear.
DISCLAIMER:
This is only an idea and must not be taken as a trading signal.
Please leave a like or your comment below 😊.
Follow me for more updates coming soon.
XAUUSD, 4hr tf, selling pressure is stll hereHello my friends,
I got into 1 more position during 30 October.
I tried analyzing XAUUSD with elliott waves and found a nice setup on XAUUSD.
Price now just completed wave-4 and we could see price rotate lower once again.
We could set our SL at wave-1 area as invalidation level because wave-4 could never touch wave-1 area according to the rules.
I took sell position at 1887 as there is also where the 50% fibonacci retacement level of wave-3.
Sell XAUUSD 1887
Stop loss 1895
Take profit 1855
RR ratio 1 : 4 (4R)
Use only 1-2% risk
Good luck