The corrective wave is completed and I am looking for buy setup
Hello Traders, today we have the EUR/CAD short trade. The EUR/CAD is in a daily chart in an intact downtrend with lower highs and lower lows. After the market broke the rising trendline to the downside it will likely continue its way to the down. With that said, if the market can manage to correct further, we will sell the market at around 1.43749 with a stop...
Hello everyone, AUDNZD has recently broken out of the ascending trendline and is retesting it. Its currently making a flag-pattern (or some kind of corrective structure after the breakout; whatever you like to call it). I believe its getting ready to shoot down. You can sell the breakout:
Hey guys, EUR/USD in an intact short trend and it seems so that the EURUSD will continue its daily downtrend, but for the 1-hour view, we are expecting a correction to around 1.0780 before the next leg lower. Short-term traders could buy the market in a more shorter term time frame. BUT bare in mind that the overall trend is short and we don't know exactly when...
Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower...
Hi guys EUR is overall expected to fall a little bit and CAD is expected to strengthen. I am closely looking for a sell setup Your comments are appreciated
Hey guys, as we are bearish the USDX we are considering buying the eurusd at around 1.07 with a stop loss at around 1.06256 and an initial target of around 1.10 which allows us to have a risk to reward of around 3.11. Our own calculated Intermarket indications also supported our idea of higher EURUSD. Let's see! This trade is a trend trade. BUT why we took the...
If we look to H4 and H1 time frame, we are able to see that the price are struggling on a sidetrend. Looking into support and resistence zones, we could see on H1 time-frame, three support areas, with two resistence areas. After I analize the elliot wave impulsive and correction phases on the trend(h4 time frame), i could now say, after add on it an interpretation...