Will be watching this pair to see whether we gonna get a break if so i will be looking for a TCP below the TL OR If we get a bounce i expect one more move up and then down
I'm looking for wave 3 to complete at 12.67, where wave v of 3 will be 61.8% the length of wave i thru wave iii subtracted from the top of wave iv. It should just be a matter of time before wave 3 completes and a corrective rally in wave 4 takes over. As the correction in wave 2 corrected a large part of wave 1, we should expect wave 4 to only correct a minor...
EUR/NZD is hitting the trendline. I do believe it will start another uptrend. Furthermore, it has also completed Wave B from the ABC strucutre. I am expecting it to begin forming Wave C. Trade safe traders.
wxy pattern
UP TREND Buy retest
we have seen price break the TL. we are now looking for a trend continuation pattern to confirm the move to the upside
I'm long 500 units VSTM given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March. Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I...
Potential move to the downside, remember tomorrow is election day
USDJPY gave us some nice price action at the top of the TL. We just had an impulse and right not it's in a corrective structure. Looking for a sell down to the bottom on the TL and will be watching closely if price will either break and continue to the downside or make one more move up which would give us a 5 wave corrective structure
Hope it will do the same!
Impulse and performing corrective structure. I hope the price performing 3 wave structure before going down.