Bullish ideaWave 1 has completed, now it is in corrective move of wave C of wave 2 as depicted on the chart, before continuing down move making wave 3..
Wavetrading
EURUSD Forex Trade Analysis by WAVE FX Academy (UPDATE)Hi Traders, here is my analysis for EURUSD
We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off.
The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs.
This is due to the Euro still heavily bid. I will be expecting a slight moving back to the upside based on the market structure, however, I will be looking for signs from price action to take advantage of any selling opportunities.
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.
Zillow Group Inc (Z - NASDAQ) - Impulse wave patternZillow Group Inc (Z - NASDAQ) has completed 4th wave ABC correction and moving up in 5th wave final move up.it is moving in wave 2nd which might take one more low to complete in 5 min time frame as c wave. , which will be ideal entry for move up, until it holds the invalidation level of 4th wave low.
Solid fundamentals indicates more decline for stocks - SPX PAINEarning announcements expected to trigger more selling.
Support rests at the low-week close at 2297.
Eyeing 2760 for the day trading profits.
C WAVE INDICATOR ON 12 HOUR TIMEFRAME INDICATING MORE SHORT SELLING TO COME
USDCAD bounce towards 1.42USD/CAD will inevitably trade higher.
Dips in USDCAD sub-1.40 are false shorts
USDCAD longer term targets of 1.4650
C WAVE INDICATOR ON 12H TIMEFRAME SHOWING SIGNS OF STRENGTHENING TREND
NZD/USD showing weakness around the monthly high. Kiwi trading at the top of the monthly range and starting to show signs of decline.
Coronavirus risks keep weighing on the market’s trading sentiment.
Further downside could be restricted by a 200-HMA level of 0.6005.
C WAVE indicator showing short trend forming on the 12 hour timeframe.
Bitcoin SV Updated Wave CountUpdated where I think we are in the wave count.
Please note, the levels of the count wont be exact, its more just to map out the fractal wave counts to help us find out moves and open our trades.
Im still looking to short from 328 and buy back in at 235.
One more Bearish LegHello everyone, Watch Gold for one more Bearish leg. Watch price action in lower timeframe so you can triget your short move position, it can push a little bit higher, in prices aria like 1491.00. Trade with care.
chfjpy maybe a break out down side but am more to the upsidemight break to the upside and form a channel or triangle correction of the big impulse in the daily chart
when you go really far with wave trading EURJPYbooked a hefty 230 pips on that impulse now looking at a correction and continuation to the upside follow scenarios at they evolve
pls note: the pattern may change anytime and the analysis is not valid, however, u need a map to travel, thats your map with arisk is better than no map.
two potential patterns eurchf two patterns may evolve as we trade this pair my eye are on the break up instead but for it to break up the C leg of the triangle should complet
EURUAD this week scenario wedge completion or triangle breakoutboth scenarios make sense to me if u look at the bigger time frame we are in an ABC correction
USDJPY potential break down Or continuation as always if it break down i will move my stop to breakeven and wait for the action to start whatever scenario ill act accordingly
GBPUSD scenario potential break down soon the break down of the gbpusd might not continue to the downside and show a reversal pattern first i advice to move sl to break even quickly as the move advance down if reverse the trade will be breakeven. if not follow the scenario.
Higher Targets On GoldI am waiting for an entry to confirm the long for my target to 1590. As things stand now, price is trading below the resistance of the corrective structure. It is possible that there will be a 5th wave to the downside before the break to the upside. Should the break of the structure occur now, I will trade the long to 1590. Should the price retrace for the 5th wave first, I will begin scaling into a position at the break of the low of wave 3
Happy trading!
Linton White
JP Markets
South Africa
Bigger Picture On XAUUSD Says More Upside To ComeAccording to my analysis, we are in wave 2 of the weekly (pink) structure and wave 3 of the daily (blue) structure. Both have targets to the upside.
NZDUSD - Ready for 3rd Wave of Downtrend?Continuation of yesterday's forecast on NZDUSD, the price has retraced significantly after the completion of the 2nd wave of a bearish trend.
At this moment, the price is seen hovering near the supply zone at 0.684.
The retracement has hit a volume of 34 pips, similar to the previous wave of retracement just before the price dropped yesterday.
For a confirmation that the price will continue to fall for the 3rd wave, it has to first break below 0.683.
At the same time, we should keep a close watch on the dollar which is seen quite sluggish as it attempts to rebound and climb higher.
