ETH/USD. Correction is not over. Targets: $550-700Well, I think that correction is not over yet.
A correction usually has three waves, ABC. Wave A has at least the measure of wave C. And C has not yet reached that minimum measure. So, I expect more correction, a correction that would be given by another Bitcoin drop, mostly.
Targets are the two green boxes. I think ETH could test 200EMA on the daily candles.
*THIS IS NOT A BUY/SELL SIGNAL, I'M ONLY SHARING MY THOUGHTS*
-Do always your own research before trading-
Wavestructure
AUDUSD corrective structure possible?Hello traders! AUDUSD at this moment is on the TOP of the daily channel! We are in a powerful UP trend now. In order to continue the UP move, we need to see a corrective structure first, and a slow pullback up to 38.20% fib. A trend reversal will be possible at this level only if we get a strong down impuls, based on the DXY strength. Don't jump into the first red candle, first wait for a corrective structure before entering short. Follow me for future updates. TRADE WITH NO EMOTIONS!
BTCUSD - How to play?Scenario 1(in play):
As mentioned in previous analysis BTCUSD may draw potential ABC correction (5-3-5). We are about to continue this patten. Look for another flag on lower time frame (1H) just below broken bigger flag (4H) around 1st,2nd january of 2018.
Scenario 2(bullish):
Buy the breakout of the downtrend trendline
I will adjust Targets as we see what trade we will get.
Trade responsibly.
PAY TA Long term strategy - $5 - $5.30PAYYSD
Pay follows pretty much a similar trajectory as other alts like IOTA or EOS. No surprise there. First Elliott wave needs to be confirmed that is why you should not get into.
Wait for it to be confirmed and buy it's dip. It should follow the trend line when bouncing up. More updates as it progresses.
ABC PATTERN IN EURAUD - 4H CHARTHey Traders,
Just a re-analysis on this. Still looking for a sell to trade the C wave of this possible ABC pattern. Now it could start the impulse before expected (red). If you want to trade this look for a correction or a flag and sell it to the low at the end of Wave A.
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Hola Traders,
Simplemente un re-analysis en esto. Sigo buscando una venta para operar la Onda C del posible patrón ABC. Podría arrancar en impulso antes de lo previsto (rojo). Si queréis operar la venta buscad una corrección o una bandera para venderlo hasta el bajo en el final de la Onda A.
Carlos
GOLD short term buyGold is more likely to give us another impulse up as part of its correction before we start falling down.
The squeeze we are actually getting now is perfect sign of a buy. The more we squeeze, the better and more certain the buy will be.
Your TP should be around 1290.00 area.
Don't miss it
SHORT TERM MOVES IN GOLD - 1H CHARTHey guys,
As long as we don't brake the last orange low level we have a nice flag as a buy set up. However, watch for the moves drawn.
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Hola chicos,
Mientras no rompamos el último bajo naranja tenemos una buena bandera como oportunidad de compra. Sin embargo, estad al tanto de los movimientos dibujados.
Carlos