USDJPY has likely made its final drop before jumping back up toward the top barrier of a newly solidified symmetrical triangle. Invalidation only below terminal of wave-((D)). Otherwise, I am long up to the completion of the potential bearish bat. If I find a great R/R opportunity, I will update with a trade idea. Cheers!
DOW is giving a short setup.. After giving the decline from its highs the retracement was in a 3 wave and therefore it suggests that DOW will go down further towards the first targets or 17750. Happy Trading!!
My outlook for the week coming 26 - 30 September. A short-term buy to the upside still looks good on this pair.
My view on EURUSD is that it'll make a C wave in lower degree to complete this correction and we'll have another impulse up until 1.1300 area. This can be more complex than a simple ABC correction, in case it gets more complex I'll be posting updates.For now I'm looking to buy only.
This is a sell setup for me.We have a 1hr impulse followed by an abc correction so far,it may be a more complex correction we dont know that thats why its better to wait for the breakout until you sell. If you are an aggressive trader you can sell the 0.618 fibonacci level with stops above 0.7370, which would give you a great risk reward ratio but with a greater...
I think gold is going under a big correction A B C Completed wave A unfold as impulsive Completed or neary complete wave B unfold as triangle Wave C will begin in the next few week I have short position around 1336 and stop above C of triangle Target price of the bat pattern around 1220-1240. Rrr 5:1 Cheers
wave B was ended We're in the wave C now We'll go to the moon wooooooooo
Here is the previous wave count on the 4H: I will be looking for bearish impulses at the 1.618 extension after wave-((c)) completes. The bull flag is inherent of a fourth wave sideways correction and indicates another boost or rally before the retrace.
Brace for impact !!! my ideal target is 0.82xxx Break a leg !
Hey Traders! AUDUSD looks to have completed its corrective (B) wave, signifying an upcoming drop. Look for a drop to the .75 level. A conservative target is placed at .753 area. Wave count updates to follow. Happy Trading
Hey traders, the drop has likely begun for this pair toward point G of the expanding triangle. We have a bearish impulse on the 1H and an opportunity to catch the drop with a tight stop. There could still be another bounce twoard the .786 fib, but the loss will be cut short if that is the case. If the drop continues as planned, we have two targets in play: ...
XMR has recently had a bit of a correction on its absolutely massive price increase and has reached another wave bottom. There was very strong support at 145, the price bounced back and it would appear that the momentum has turned back to the upside. We're at the beginning over another wave in this absolutely ginormous flag formation starting from the initial...
Hey Traders! EURGBP has bounced at the "preferred" reversal level, meaning the AB=CD zig-zag completion. Limit is set at the previous wave-iv support on a lower TF with stop tightly placed below base of wave-i. If stop is hit, we have to re-evaluate the wave count and look for an even deeper correction. TP is placed at the top of previous wave-iii for a...
Hey traders! USDJPY is nearing the completion of a bat pattern. The wave pattern is predicted to complete near the base of wave-i-of-v-of-1, so a stop can be tightly placed below point X of the bat. Also, the TP can be placed at the top of wave-1 which coincides with the top of the bullish channel. This way, we maximize our R/R ratio and get out of the trade...
There has been a short bullish impulse out of the predicted reversal zone, indicating the potential for a completed wave (c) of the correction. This setup allows for a very tight stop behind the base of the impulse. Any drop below this level will require re-evaluation. The target is set at AB=CD but may change depending on price action. If we see a strong...
USDCHF is moving in a sideways correction for the time being. The Current move has reached over 61.8% fib levels in an correction wave pattern and therefore I would expect it to go lower from current levels or after touching the upper trendline of the channel as shown on the chart.
Happy Sunday, traders! The drop following the expanding triangle last week was swift and strong, as is usually the case for c waves: The drop began with a series of ones and twos, meaning we will likely find a series of sideways four counts to follow. For this reason, the drop is likely going to continue sideways before the rally. I will be looking for a pop...