Experttrader
EUR/USD Next Move After Correction 📉EUR/USD next position after correction ABC wave, (0.5) fib. retrace area for next target of wave C (0.382).
0.5 = HH and LL of wave C, if you draw a fib. retracement put b and then to c you will get (0.618) on 0.5 area.
But wait until reversal trend
0.5 area (Yellow).
SAXO:EURUSD
USD/JPY Trading Idea BullishHello Traders
USD/JPY Price is holding between .50 and 61.8 Fibonacci level. Middle line of the channel and 200 SMA are acting as strong support level. I think price will .618 level @ 107.451 and then will reverse. RSI and Stochastic are oversold .
If Market holds .618 level and reverse to the upside profit targets will be between 109.00 and 111.00
GBP/USD 4 hour chart (Bullish Prediction)Hello Traders, I was doing some wave counting in the 4 hour chart GBP/USD and notice we are currently in the last corrective wave of an expanded flat pattern (Wave C). According to Elliot Wave Fibonacci guidelines wave C retracing points are 1.236(already broken) and 1.618 where it's getting close. RSI & Stochastic are showing some divergence on 1 hour chart as well which indicates a possible reversal.
My long entry set up for this will be once price hits 1.618 fib level and or price breaks above the top parallel channel line.
USD/CAD short after wave 5 completion 1 Hour ChartHello Traders,
just like i predicted last week USD/CAD bearish after hitting triangle resistant and breaking out ending diagonal support level, today the market is forming it's 5 wave cycle downtrend, currently on its longest wave (wave 3) . We expect at least another 100 pips to the downside after market makes another major correction. so far market is bearish but we will keep an eye for any trend breakout or indicator divergence
GBP/USD Trend analysisHello Traders. GBP/USD had some nice uptrend move last night during the Asian session. it looks like we are in an impulse wave right now(wave 3) and my confirmation will be a breakout to the resistance acceleration channel. Since we are on 4 hour chart i can expect wave 3 to develop on subwaves (i,ii,iii,iv,v )
USD/CAD 1 hour Chart Analysis Hello everyone today i'm updating my chart analysis on usd/cad pair. Market just hit 38.2 % retracement level of wave 3 which may indicate the end of wave 4 and the beginning on wave 5. if my analysis is right market will drop to triangle support level @ 1.38500 or even lower to 1.3790
USD/CAD 1 hour chart updateHello Traders, today i'm just posting an update from yesterday's chart analysis on USD/CAD. We are still on a downtrend and getting closer to key level supports where i think market is gonna reverse. what i can see on the 1 hour chart is a Possible Zigzag Correction, currently on it's last wave formation (C) but it's too early to really predict if in fact this is a corrective pattern. let's way for more price action to see where market is going
Trade Set up USD/CAD Short 1 hour chartUSD/CAD price is on a triangle pattern right now on a daily chart. however on a 1 hour chart we can see diagonal pattern (either leading or ending) getting close to the triangle top resistance level. RSI and Stochastic are showing an strong divergence indicating a possible trend reversal. I have a pending sell order right now with stop loss and take profits as shown on chart.
GBPUSD TRENDLINE BREAKOUTGBPUSD broke out from the bullish channel it was in last month
this could indicate that GBPUSD has stopped the bullish advance for now and could retest the 1.27 level
My guess is that there will be a slight pullback(a lower high) in the next couple of days which would mean
a change in the trend and the start of a possible turn to the downside
Look for a swing high between the 1.295 and 1.3 levels
Follow my channel for more analysis like this
and intraday forecasts for major currency pairs at every London open.
Monero Risky Buy, potential reversalMonero looking like it could be reversing on 1 hour and 4 hour chart, daily still indecisive. Would be an early risky buy now but as you can see from my expert analysis with my arrow, it could be a good long if you enjoy torture and hot dogs with ketchup instead of mustard.
Feel free to mock me if it goes lower