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Wavefxacademy

UPDATE: XAU/USD Shorts still validIn my previous analysis I stated where I expected the correction to hit $1825.00 and we did just that and then some. I also shared that we should not rush to place any shorts as we need the market to shift from an intraday bullish to bearish. This decision is the key separator between winners and losers. Currently we are seeing a potential ending diagonal playing out, which is also a confirmation of the short analysis. As always your feedback and thoughts are welcome. Let's discuss in the comments Signed; Samore
FX_IDC:XAUUSDShort
by wavefxacademy
UPDATE: USDJPY building liquidity below Resistance!Market is contracting just below a key resistance level from an intraday perspective. The trendline support is still strong, which provides added confluence to my bullish forecast. Currently It is safe to say that wave 3 will be an extended wave and once we break above resistance we should see strong momentum. I would suggest to capitalize on this momentum once the market breaks (That's If you are not already in the trade, like myself). As always your thoughts and feedback are welcome, let's discuss in the comments. Signed, Samore
Long
by wavefxacademy
USDJPY BULLISH : Target 117.00, PRICE BUILDING NICELY!My previous analysis indicated a bullish triangle pattern on the daily chart and the market is reacting as expected. Yesterday I shared a completed cycle of wave 1 with the market correcting, now we have that correction of wave 2 completed at the 0.382 fib level and the bullish trend is back. Based on Elliott Wave guidelines, Wave 3 should be very strong and not hug the trendline, also we should expect the terminus of wave 3 at the 200% zone is wave 3 is extended, and we are definitely seeing a potential of wave 3 extending. As always, your thoughts and feedback are always appreciated. Signed, Samore
Long
by wavefxacademy
EURUSD IS CORRECTING>>>> Bearish momentum is to be expected.I shared my analysis on this yesterday in the inked post. Once the market complete a 5 wave cycle it's only natural for us to expect the ABC correction, and currently we are getting just that. Wave B took the shape of a triangle patten and wave C is developing. We are likely to see a 5 wave impulse move here, but lets not get ahead of ourselves. I have labeled the 0.382, the 0.5 and the 0.618 levels as potential zones for wave 2 to end, but I wouldn't be surprised if we retest the lows of the highlighted zones. As always, let's see how this plays out, and I would love to hear your thoughts and feedback in the comments. Signed, Samore
Short
by wavefxacademy
1
UPDATE: XAUUSD (BEARS GETTING READY)As I continue to monitor the progress of Gold, we are closing in on the 0.618 intraday fib level. Wave B took a while to playout and at one point seem to be throwing off the entire count, however, the 1825 target looks like we will achieve it. Now I will be waiting for the market to shift back to a bearish environment to start adding short. Let's see how this will play out. As always, your thoughts and feedbacks are appreciated. Signed. Samore
FX_IDC:XAUUSDShort
by wavefxacademy
2
EURUSD TRADE SETUP: BULLISH FORECASTThe market has seem to broken the long downtrend that we've been having on EurUsd. The price action over the recent trading week, has completed a 5 wave impulsive drive which broke the down trend line and even provided a solid retest to confirm. I won't suggest to jump in the market, all guns blazing just yet. After every impulse it's only natural for the market to correct, so I will be waiting for that correction to play out before placing any long positions. Let me know your thoughts and feedback on this pair, and I will keep updating it as it develops. Signed, Samore
Long
by wavefxacademy
Elliott Wave Analysis by Wave FX: GBPUSD Short $1.3400 Long termHi Traders, here is my analysis on GBPUSD. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board) Setup Invalid (market still developing or correcting) 12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction) Types of Correctional wave and their internal structure count: A-B-C Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. Your comment and feedback are appreciated.
Short
by wavefxacademy
2
Elliott Wave Analysis by Wave FX: XAU/USD Short Target $1822.00 Hi Traders, here is my analysis on XAUUSD (Gold). My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action. Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board) Setup Invalid (market still developing or correcting) 12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction) Types of Correctional wave and their internal structure count: A-B-C Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. Your comment and feedback are appreciated.
FOREXCOM:XAUUSDShort
by wavefxacademy
Elliott Wave Analysis by Wave FX USDCAD Target 1.2900Hi Traders, here is my analysis on GbpJpy. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)

Setup Invalid (market still developing or correcting) 

12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction)

 Types of Correctional wave and their internal structure count: a-b-c
 Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) 

I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. 
Your comment and feedback are appreciated.
Long
by wavefxacademy
Elliott Wave Analysis by Wave FX, GBPJPY target : 145.00Hi Traders, here is my analysis on GbpJpy. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)

Setup Invalid (market still developing or correcting) 

12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction)

 Types of Correctional wave and their internal structure count: a-b-c
 Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) 

I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. 
You comment and feedback are appreciated.
Short
by wavefxacademy
Elliot Wave Analysis by Wave FX GBPUSD to Decline. Target 1.3400Hi Traders, here is my analysis on GbpUsd. My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)

Setup Invalid (market still developing or correcting) 

12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction)

 Types of Correctional waves and their internal structure count: a-b-c
 Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) 

I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. 
You comment and feedback are appreciated.
Short
by wavefxacademy
Elliott Wave Analysis by Wave FX: EurUsd Trade AnalysisHi Traders, here is my analysis on EurUsd My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)

Setup Invalid (market still developing or correcting) 

12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction)

Types of Correctional wave and their internal structure count: a-b-c
 Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3)
Short
by wavefxacademy
7
Elliot Wave Analysis by Wave FX (GOLD) LONG: Target 1840Hi Traders, here is my analysis on XauUsd. (GOLD) My method is based purely on Elliot Wave Principles and Price Action. I’ve added a Key to help you understand my POV on the current price action.
 Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.) Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.) INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)

Setup Invalid (market still developing or correcting) 

12345 ( Elliott 5 wave impulse cycle ABC (simple market corrections) WXY (Complex correction, 2 basic correction) WXYXZ (Complex correction; 2 or more simple or basic correction)

Types of Correctional wave and their internal structure count: a-b-c
 Flat Correction (3-3-5) Irregular correction (3-3-5) ZigZag correction (5-3-5) a-b-c-d-e Triangles (3-3-3-3-3) 

I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades. 
 Your comments and feedback are always appreciated.
FOREXCOM:XAUUSDLong
by wavefxacademy
3
GBPUSD Analysis by WAVE FX Academy (DETAILED MULTI-TIMEFRAME)Hi Traders, here is my analysis for GBP/USD Technical Analysis: Monthly timeframe showing the market created a double bottom(W pattern) followed by bullish impulse candle. Generally once we have this type of market structure, price action generally revisits the neckline of the structure. From a weekly perspective we are seeing price in a key resistance level, where we had a strong sell off on the last time we were here. However based on the higher timeframe, we can expect either 1 of 2 things; a small retracement into weekly support or a break out of the resistance zone and continuation higher. A closer look on the daily timeframe shows where the market has met the requirements to create an active uptrend by creating 3 consecutive higher highs. Applying the principles of Elliot Wave, we can break down this price action further, to indicate that we are in the corrective subwave or the 3rd wave extension from a daily perspective. Using this information, we are finding confluence with the monthly timeframe of bullish continuation. Therefore we can start looking for entries to capitalize on this move. I've labeled the areas based on what I will be anticipating. Like and Comment your thoughts . All feedbacks are welcomed. An entry will be taken only if all rules of my strategy are satisfied. Add this pair to your watchlist and see if the rules of your strategy provides an entry.
Long
by wavefxacademy
EURUSD Analysis by Wave FX Academy (TARGET :1.2000)Hi Traders, here's my Analysis on EURUSD Daily market is rejecting the 38.2 fib level from recent impulse. The aim here is to see if we will give us a new high above 1.1810. Failure to close above that level could see price test the 61.8 fib level. Based on Elliot Wave Count, the recent impulse to 1.18 broke out of the corrective channel and formed Wave 1 of the 5th and final wave of this cycle. The key level now is to look at the Breakout level (b Wave) and to target the recent high of 1.2 or the fib 1.618 extension. My overall bias is still LONG and to see price action hitting the $1.2000 zone. I will however be monitoring the price action on the 1Hr timeframe for added confirmation based on one of my trading strategies. An entry will be taken ONLY if all the rules of my strategy are satisfied. Add this pair to your watchlist and see if the rules of your strategy provides an entry. Like and Comment your thoughts . All feedbacks are welcome. If you are new to FOREX trading, here are the definition for words you may seen mentioned above. Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices. Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action. Support: Areas in the market where price tends to reverse after a sell off (lower price action) Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action) Uptrend: price action in the market creating a series of high highs and higher lows. Downtrend: price action creating a series of lower lows and lower highs

Long: Taking a position to buy the base currency Short: Taking a position to sell the base currency.
Long
by wavefxacademy
1
USOIL to hit $34.00 Trade Analysis of USOil by WAVE FX AcademyHi Traders, here's my Analysis on USOIL Daily market in key support structure, to form a double bottom pattern. Strong bearish momentum in market, but we can expect a retracement before bearish trend resumes. On the 4Hr timeframe we are seeing confluence with the daily support also in a key structure however, the market is still heavily bearish and we can expect for this trend to continue. Though I am expecting a rejection of support, my overall bias is SHORT and to see price action hitting the $34.00 zone. I will however be monitoring the price action on the 1Hr timeframe for added confirmation based on one of my trading strategies. An entry will be taken ONLY if all the rules of my strategy are satisfied. Add this pair to your watchlist and see if the rules of your strategy provides an entry. Like and Comment your thoughts . All feedbacks are welcome. If you are new to FOREX trading, here are the definition for words you may seen mentioned above. Price Action: Change in the price value of a traded instrument whether Forex, Commodities or Indices. Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action. Support: Areas in the market where price tends to reverse after a sell off (lower price action) Resistance: Areas in the market where price tends stop, pause or reverse after bull run (higher price action) Uptrend: price action in the market creating a series of high highs and higher lows. Downtrend: price action creating a series of lower lows and lower highs

Long: Taking a position to buy the base currency Short: Taking a position to sell the base currency.
OANDA:WTICOUSDShort
by wavefxacademy
1