Triangle Wave
AUD/CAD triangle? Lets see! Need structure to develop more but triangle could be likely, maybe flat?! Trade Responsibly :D
BUY SET UP IN EURCAD - 1H CHARTHi traders,
Planing different trades this week! I see a nice buy set up in EURCAD
I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse.
We had 4 moves already so the fifth move is likely to happen due to the formation of a flag.
If we trade the breaout of the flag we will have the chance of a 140 pip trade and a nice risk reward.
Carlos
Java Swing Idea with all this unnatural weather it only makes sense to go long on COFFEE!!!! Grab your espresso and lets rock!
Elliott Triangle? Hmmm update from my previous idea where I had a possibility of a complex triangle forming. Hmmm.
ABCDE TRIANGLE IN USDCAD - DAILY CHARTHi people,
I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D-
If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend.
Now we have broken that channel up and it's broken the trend from -C- to -D-
I expect the market to make a flag and then I will buy the brakeout to get a nice short term buy.
However, my trade is the sell from -E- And that move can triple my account!!
Carlos
USD/CHF outlook based on my understanding of Wave Principle Hello! I hope everyone enjoyed the holidays! I picked up a few books on EW and a lot of my ideas are updates as I progress my understanding of the EW principle. Thanks for feedback so far, the likes and comments! Let me know what you were thinking! If you like the idea give a thumbs up and if you had an idea post it in the comments. I'm looking forward to 2017 and expanding my knowledge of wave trading. I will keep my ideas updated to the best of my ability! It's almost time to enjoy the new year! I'll be taking a break from executing any trades!
XMR waiting for his MOMENTUM with sharp teethLONG
Going through a correction and a strong accumulation, XMR prepares to give the great blow or to keep us in vilo within a channel by a time until moving in the style of Monero. I say channel (for the Bollingers that are closing day by day)
What struck me most was that the last pump did precisely in conjunction with the BTC pump (see blue line) when it was always the opposite. To take this fact into account. And I do not want to see the behavior of ZEC and Of XMR / USDT against XMR/BTC
Cleaning up AUDUSD Hello everyone have a setup with more potential than any other setup that ive ever worked on. So many factors indicating a short. Got a lot of messages from people about how my previous AU -1.19%post was confusing them so I ended up cleaning it up and posting it. Reward is just as big as it gets guy on this pair.
Cheers
GDX - possible move lower after triangle consolidationAfter the impulsive drop in Aug, seems to be consolidating in a triangle for another leg down to complete a A-B-C corrections of this year's rally from lows.
GBPJPY Moving accordingly Breaks up may form Flat ABC I am expecting D wave in the triangle. Once price will hit my D wave then i will look for E wave and will watch for price action. Either we will break through or hold D wave and will reverse for E wave.
USDJPY - 5th wave complete? Looking for confirmation....It's looking like the 5th wave is now complete and this pair could finally see some bullish action. I plan to enter two positions....Firstly when the 4hr descending trendline is broken and secondly on a break and re-test of the kumo cloud. Both trades offer at least 1:2 risk to reward ratio and this is my trading plan for this trade.
DXY Long term trade Interesting scenarioTaking into consideration the longer term view, we notice that prices has seen a reliable support being established near the 94 level. where we can see abcdpattern completed and a possible formation H&S
the US Dollar could see another attempt to the upside 97.50.
Let's see how the market reacts at this levels for further indications.
Gold Revealing - Angry faceIt's always fun to trade the gold using EW strategy. I opt a bearish option on EW and kept the bullish as alternative. The reason, I didnot see continuation of bull momentum. If we are bull the current wave should be 3rd wave. Price never range in wave 3, Triangle will not be seen in wave 3. Resistance should cut like butter in wave 3. "Are we in bullish wave 3?" I myself asking this question several times. The answer I got "NO"
Then what's next? where is the support? How long it will take? Here we go..! We completed daily bullish cycle which last around 233 days. We are in bearish cycle structure. It never be too fast because the ultimate angry face of bear is not yet shown. We have time to range. I am waiting for the next bullish support where bulls should march to slaughter machine
The expected price range and time durations are marked in the chart. Have green pips and trade the range with confidence :)
Failed Elliott wave and ascending triangleHello,
the last daily downtrend movement seems to me like an Elliott wave, that failed to reach last low (5).
I once read, that this could lead to an trend revearsal.
If I consider the move up rejected at point (4) of EW, that seems to me like a triangle confirming the trend revearsal.
Got no clue for target of movement. But I think, it might be at least back to 0.786 Fib Retracement.
XAUUSD : Wave Completion with Symmetrical A-B-C triangleSo whats XAUUSD gonna do ?? We have wave completion with symmetrical triangle which is preparing itself for breakout, so keep this in radar to catch the trade. As always check your risk-reward before entering any trade..
Thanks for your support..Happy trading !
