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Greenboxmarkets

NZDUSD Trading at a Key Level - Possible SetupsI have been watching this pair for some time now and expected the completion of the 4th wave to the top of the structure on the daily time frame. This wave has completed and we now wait to see which way the price will move. Tomorrow night at 23:00 South African time (GMT+02:00), we have the NZD interest rate decision and I believe that this will assist us with the direction of this trade. I expect to see the 5th wave complete to the downside and will wait for an entry setup in the form of a flag formation and a break thereof. If the price breaks to the upside, outside of this daily structure, I will wait for confirmation in the form of a flag and a break thereof before entry. You can view my video analysis of this setup on my YouTube channel: www.youtube.com
Short
by Linton_White
EURCHF Correction Complete And Finally Ready For EntryOn the daily time frame we can see the trendline which broke to the upside. Looking at the impulse on the left of the daily chart, we can see that there is potential for a big move to the upside on the second impulse. I then need a smaller structure formation on a lower timeframe in order to gain an entry point. On the 4hr we can see a 3 wave structure which broke to the upside: Now I am looking for entry on the 1hr time frame. A smaller structure has formed and we are at the bottom of the 3rd wave now. This is a great entry point and I have taken the trade. When the price reaches the top of the 1hr structure, I will move my SL to entry. As the price moves further into profit, I will move my SL according to levels of support and resistance. You can view the video analysis on my YouTube channel: www.youtube.com Happy trading!
Long
by Linton_White
Where is The Gold Price Going? XAUUSD Analysis by GBMWatch the full video analysis here: www.youtube.com So the big question many of my clients have been asking is, where is the gold price going? Well contrary to popular belief, I believe that we may see a strong move to the downside before we see gains in the price again. There has been a structure break to the downside on the daily time frame, after a 3 wave completion: There has been a repeat of this on the 4hr chart: I entered the short on a smaller 1hr flag break and have set a target based on the initial impulse of the current 3 wave move on the daily time frame. At that level I will wait for confirmation of either a continuation to the downside or a trend change. You can watch the full video analysis here: www.youtube.com Happy trading!
FX_IDC:XAUUSDShort
by Linton_White