Tp
USDCAD bearish currently in trade Last weeks weekly low has been touched and there is no sign of price going any further then that level apart from the last big wick.
Enough bullish liquidity has been created along with tons of accumulation giving us enough juice to short towards the DAILY SR.
Price is touching 20 EMA so should retrace.
daily and weekly bullish blocks have been violated whilst last weeks lows are being respected.
AUD/JPY Update TP2 HitAUD/JPY reached our second Profit. We have to expect more downside potential due to the fact that this Pair broke our symetrical triangle to the downside. So if your still in this Trade you can hold onto it.
Trade safe, Daniel
Likes and Comments would keep me motivated to post more Setup
EUR AUD on the rise i think. WEEKLY FRAMEWell, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)
SHORT the DAX at 10250 using a pending order.FX:GER30
Short the dax when it reaches the 10250 Highs, profiting on the back on the support level when it drops down again. Only a matter of time when it corrects itself. The stochastic shows alot of choppiness so this bullish wave will come to an end soon.
NZDUSD downmove with Take ProfitsNZDUSD reached a new minor accumulation area.
New target is well visible as well as the previous one I took last week on wednesday.
I'm guessing this is leaning towards a big dip down as the trend based fibonacci extensions miraculously match the
important support/resistance levels I drew on the daily chart.
A match on all three 1.618, 2.272 and the 2.618 which are all rounded mid and big figure numbers.
EUR/USD LONG POSITION TP 420 - 570 pips1) Buy Limit 1.1080 SL 1.0880 TP 1.1500 = 420 pips TP
2) Buy Limit 1.0930 SL 1.0800 TP 1.1500 = 570 pips TP
Ramane de urmarit Strapungerea / Testarea si Confirmarea nivelului 1.1130
Fundamental mai mult politic ar putea influenta miscarea in sens invers dar economic EUR este in crestere!
Cel mai probabil va urma o miscare laterala pe o perioada. Pe la mijloc-sfarsit de MARTIE o sa apara oportunitatea de BIGSHOT pana in nivelul 1.1500
USD/JPY SELL SELL SELL !!!Also another sell setup
1. price has come to previous structure and shown a huge bearish candle
2. price put in a bearish engulfing candle
3 price is downtrending
4.previous candle was a doji
on the daily previous candle was a bearish hammer sign of more sellers in the market :)
USDCAD long-term is SO bearishAs We all know nothing goes up/down in a straight line, and with all the bearish sentiment for Oil and CAD we are sure that the turning point is near. Of course, one of the most important rules is not to try to catch the turning point (TP) "do not catch a falling knife" *****So we are not saying to short USDCAD now******
In the monthly chart it is clear that since 2007 the pair has done a 5-3-5 correction "(a)-(b)-(c)" for the impulsive downward move that started in 2002 and lasted 5 years. and as a confirmation, that this price action is corrective, we can see it is moving within parallel lines. "impulsive waves do not move in parallel lines".
In addition, I highlighted a potential resistance box where we could see the turning point happening.
In the weekly chart, we present the RSI divergence, which is the best indication for exhaustion of a trend. Plus, the red box represent an area where a cluster of fibonacci extensions fall which would act as a great resistance for the TP.
Again, this analysis is in line with with our analysis for Oil which is almost finishing the bear trend.
*******AFTER THE TP******
Elliott Wave analysis and Cyclical analysis is not about predicting the future; its more about adjusting and benefiting before its too late. So we don't know the actual price path after the TP but we are sure that the price will go lower in at least 3 waves "which could be wave (x) (5-3-5) towards the lower trend line in the monthly view" or it could go impulsively down beyond the trend line
Happy trading :)