Here we can see price is trading in a flat channel highlighted with the black horizontal lines and our green highlighted rectangle. Price is contained in this area. We are waiting for price to breakout to the downside on this pair. Please drop me a message. I'll be happy to help with any forex related queries!
GBP/JPY 4HR - Remember yesterday we posted analysis on the pair expecting a break and retest move to the upside. We didn't get triggered into this trade as price didn't come back to test our key level, but we certainly saw the bullish move. However, price now testing our 4hr resistance as expected. Will we see a break or a bounce heading into next week?
We can see EUR/JPY is currently trading around our long term resistance zone. We have highlighted our flat channel and marked key levels in the market. Price has been gravitating towards these levels and bouncing. Scaling down to the 4hr timeframe we can see a short term support zone marked with a black horizontal line.
FIVE ELLIOT WAVE IN A FLAT DOWN CHANNEL, WAITING FOR BIG VOLUME TO GET THE REAL BREAK AND HIT SOME OF THE FIB LINES, I GOT YOU THE STOPLOSS AND THE PROFIT RATES, FOR ANY QUESTION SEND ME A MESSAGE, WOULD LOVE TO HEAR IF THERE IS ANY OTHER IDEA YOU BELIEVE IN!!? GOOD LUCK EVERYONE,
CAT detailing complex Correction with FLAT (3-3-5) wave structure! Regards, Team Traders "PowerfulTraders" flat
For months I have struggled to make Elliott wave theory fit this Bear Flag rising channel but although 5 wave impulses appear within the channel, it is not itself a motive impulse, but rather, it is a complex, 7 or 9 multi-wave zig-zag flat corrective pattern "A-B-C". It also contains WXY components which we recently observed press index under 25000, as well as...
Looks like BTC wants to move inside the parallel channel. Flat? Maybe. Anyway, this potential channel is pretty good for trades. Not financial advice. Just a thought.
Look for short positions at the top of the flat channel.
Currently price on GBPJPY is not at a considerable place for a buy. Wait for the 147.000 area before considering buying this pair.
I am anticipating a flat channel formation here on this pair. Watch price as it reaches the bottom to see what reaction it gives us.
There is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.
NZDUSD has created an impulse to the downside and has broken two areas. Expect a corrective pattern to further form. Enter short on the next impulse. Good luck to all.
EURCAD has two possible ways price can go. It can form a flat channel (left side) or continue down to the 1.38900 level (right side). My bias is that price will follow the left chart but the right chart is a possibility. Keep your eyes on this pair. Good luck and safe trading
Here is a simple idea on GBPUSD. Wait for price to reach the top of channel to sell the pair. Good luck and safe trading.
For detailed information please look at the chart
So far CADCHF is moving amazingly. Please look at may CADCHF post so that you may understand how structure and these yellow lines work perfectly to predict the market. You can also watch GBPCHF forecast on this link and watch how we scan chart for price action once price hit our potential reversal zone lot of people are confused about price action. Hope this...
Simple idea. No need to use fancy stuff and artificial tools if break idea will be invalidated.
I am tracking EURUSD corrective structure since very long. I am expecting that we will see bearish wave in coming days and i think EURUSD again will hit 1.04000 in coming days. If price breakdown small corrective channel with impulse then look for sell and in case price break up this small corrective structure and break back the channel line in then look for sell...