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Ellottwave

Huge confluence of patterns - UsdChfLooking for buying opportunities 1. at the right shoulder and/or 61.8% fib retracement , invalidation level comes in below the Head of the head and shoulder pattern 2. a buy stop if neckline is broken (green circle), invalidation level will then be at the right shoulder The 61.8% fib level entry will also be equal legs for the abc correction Target will be at the 200% Fib Level (equal legs from the head to neckline) Great risk reward ratio trade Will update as this trade develops
Long
by BambooGrowth
3
GBP/USD: DAILY ELLIOT WAVE ANALYSIS(WAVE 4)GUIDELINES 1. Alternation - Wave 2 of the grand supercycle is sideways and therefore wave 4 is supposed to be sharp. 2. Ratio analysis - Wave 4 is usually at a fib ratio 0.382 of the whole 5 wave motive cycle. 3. Channeling- The target for wave 5 is at the top of the parallel channel touching wave 1 and3 4. Equality - when wave 3 is extended wave 1 and wave five tend to move almost the same magnitude Comment, like, and follow for more
Long
by KelvinKingfx
EURUSD completes retracement @ 1.1914 or could push to @ 1.1965EURUSD bulls had pushed prices to 1.1914/20 levels yesterday, which is fibonacci 0.618 retracement of the earlier drop between 1.2010 and 1.1754 respectively. Probable wave counts might be suggesting that a lower degree Wave 1 and 2 might be in place at 1.1754 and 1.1920 respectively. Alternately Wave 2 could push through 1.1965 levels, the fibonacci 0.786 retracement levels before terminating. Either way, EURUSD remains good to be sold on rallies through 1.1920/60 mark. Remain short, look to add more @ 1.1920/60, target is open. Risk Disclaimer: Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Short
by AbansGlobalLimited
3