Hey Traders, this is GBPUSD Analysis and update for all of you, is it forming an Ending Structure or a Leading Structure? You can trade any of the above waves if you get your setups. I will be looking for sell setups from current levels or above the top/Reaction zone. DO NOT JUMP IN - Jumping in without using stop loss or risking big or following anyone...
Bear market isn't over yet. Based on wave (W) and (X) we are going to get 3 wave move higher which will be end of wave (Y). Bear market will continue after completion of wave (W) (X) (Y) in red. Let's follow up closely...
If you want a demonstration of the Wave principle in real life look no longer than KRE. It is a textbook example of an impulse wave started on 23 March 20220. Wave almost 61.8% retracement of Wave 1 Extended 3rd wave with a 2.00 multiple of Wave 1 Wave 4 has almost 0.382 retracement of Wave 3. And the most important one: the entire impulse wave is divided...
We hold this view as a long term view for the Cable. An ending diagonal in wave C signified the end of the bearish move and a start of Bullish Impulses, we keep holding long positions. First Target at touch of upper channel, Remember we in major wave 5. Long Term Buy!
According to the price chart, it is "probably" at the end of wave C of the corrective pattern. I have identified two areas of overlapping Fibonacci price levels (green areas) where the price will probably start its bullish rally in one of these two areas. At this moment, according to the pattern of the chart and the fact that the price is in the first overlapping...
If you are looking for short, this may be useful for you. There are possibility to get Risk Reward 1:6 in this setup. Look at the lower timeframe to get good entry level.
Good morning everyone. This is just my short analysis on CHFJPY . Still missing Wave 5 to complete the Elliot Wave . This may be your good chance to get 1:6 Risk Reward. Good luck.
I guest GBPUSD has completed Wave 3 of minor Timeframe. So we will wait for Wave 4 Retracement to take a ride heading Wave 5. Please beware as this may be a temporary trend. Risk Reward is 1:3. Good luck
As it can be seen from the chart, GBPJPY broke a critical resistance price level which has since then been retested. Evidently, it has successfully retested that level which has now become a strong level of support. In conjunction with the break and retest of the key level, GBPJPY has broken out of a bullish falling wedge pattern, increasing the probability of...
Our priority scenario in Litecoin has changed after yesterday's drop below $90. We still believe that LTC will continue to rise in wave 3 above $105.57, shorter term targets we will be able to determine after the correction is over. A drop in price below $81.76 cancels this scenario.
GER30 Sell now, the price is at a very strong resistance, it will reflect to the lower levels
Hello Traders, here's how I'd be approaching NZDCHF for possibly shorting opportunities. Overall on this pair, we're down-trending on higher timeframes and we're really just scaling down to lower timeframes to look for entry reasons to the downside, at least until the HTF bullish bias is invalidated. We've been able to catch shorts with members of our community in...
EURGBP on the daily frame is a very violent drop to the lower levels
XRP stopped the decline in wave 2 at $0.37105. We have assumed this in our priority and so we will continue to follow it. Wave 3 has quite high upside potential and we might see a strong rally next week. The first target remains the same, which is $0.42201. In case the price falls below 0.37105$, the upside scenario is likely to be cancelled. We’ll continue to...
Its my wav counting in USDT.D for forcasting the chart's behavior in long term. Best regards!
DOWN TREND PATTERN Buy Above - 40800 SL - 40740 Targets - 40950,41080,41200 Sell Below - 40600 SL - 40720 Targets - 40420,40260,40150 Trade Safe & Happy Trading Guys