Wavetrading
Possible Flat Channel Forming on EURGBPThere is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.
EUR/JPY - SELL OPPORTUNITY 300+ PIPS!!Price action is forming a flag (trend continuation patter on the 240 HR time frame. Looking for entry on the 1 hr or 15 min time frame.
Potential 100 PIP MOVE!! Looking to see if we get more bearish price action before really moving in on this trade. If we do then awesome! If we don't and the market pushes up let's reconsider selling it at the blue structure area (strong structure area).
Other than that I'm BEARISH on this move. Let's get ready to ride this wave down!!!
FXT :)
DJI near the end of its 5th wave?Base on Elliott's guideline of equality where if wave 3 is the longest, wave 1 and wave 5 should be equal, the DJI shouldn't go higher than 21785.
Based on this we should be very close to a correction.
A wave analysis of the S&P500 shows it is too close to a correction based on the same guidelines. S&P500 idea linked below.
GBPNZD Great Trade in making, watch for breakout of correction.Hello folks, watch for it, It has very high chance of breaking below, I'm seeing everything justifying this breakout it will be big, so look for it, good luck post new ideas soon.
Eur/Usd 28-03-2017 (AP)Hello Dear Traders & Welcome To Growing Forex
After The Major Downfall Back In 2015 The Pair Is Trading In A Consolidation With No Clear Direction.The Pair Is Forming A Double Zigzag As Of Now But Can Make Possible Move Of Triple Zigzag Correction.As You Can See In The Chart The First Wave Of Zigzag Correction Where Point C Falls Short To Complete Its Flat Pattern Therefore Indicating A Double Or A Triple Correction.(#Flat Correction#Wave C Falls Short Of Wave A #Indicating A Double Or A Triple Correction.)The X Correction Is A Zigzag Followed By Wave A Having A Zigzag Inside That Can Extend Up To 1.0978 Minor Resistance.If The Pair Breaks Above This Levels Next Target Would Be The 78.6% Of Swing High & Swing Low Which Is The Second Trend Line Above.On The Flip Side The Pair Can Triangle Correction (Flat + Any three + Triangle) But The Possibilities Are Less.
Note: Try Creating Pockets.
Note: Please Leave Comments For Any Query.
Disclaimer: Trade At Your Own Risk.
Good Luck,
Regards,
Growing Forex.
Eur/Usd 23-07-2017 (AP)Hello dear traders & welcome to Growing Forex
The pair is trading inside the rising wedge & Break Below would open doors for the test of support trend line.Enter At the breakout for safe entry or enter at the resistance trendline for maximum profit.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing forex Team
ideology of the previous post visa versa (AP)Bullish flag a continuation pattern indicating an upward acceleration unless price breaks the above resistance line at 1.0828 levels. A further move upwards is expected at the above resistance line at 1.0948 following again with the continuation pattern that would Trigger the long awaited target of 1.0978 & the second resistance of post us election thereby completing its zigzag correction.
Goodluck,
Regards,
Growing forex.
Eur/Usd Long 16-03-2017 (ap) Hello Dear traders & welcome to Growing Forex
As you know according to my previous idea the feds were dovish & the price broke above the daily high & is currently trading higher.entry at the breakout of pennant but it has already broken the trend line while writing.possible entries are the resistance as shown in the chart.
wait for the completion of the 3rd wave to exit your trade.after the correction of the 4th wave try creating pockets & wait for the signal to buy.once getting the signal target area between 1.0828 - 1.0917.
Events to follow : Non economic monetary policy (EUR)
NOTE : Please leave comment for any quires.
Trade at your own risk.
Good-Luck,
Regards,
Growing Forex.
GBPNZD looking shortLook for a short after the completion of the pull back.Good luck traders.Don't risk what you cannot afford to lose
EURJPY Another Breakout Sell OppFolks I have another one for you, sell the breakout of this structure to trend line. Good luck!
GBPUSD LONG, Triangle TradingGBPUSD has been in correction for sometime, since its seems like a triangle correction, we should wait for the fifth point E to be complete before selling.
4:1 Risk To Reward TradeHere is a great trade setup here on EURGBP, please trade with caution everyone.
Two Possibilities on NZDCADKeep watch on this pair because there are two different possibilities that can happen.
Medium Term Trade on GBPCHFWait for the correction before entering short everyone. Here is a good 200+ pip trade setup.
GBPAUD Possible Move upFrom the looks of the MACD I am seeing that this pair is going to give us a move to the upside.
Short on AUDNZDGet ready for some downside for this pair everyone. We have a broadening top forming...
AUDCHF Down Move to ComeHey fellows, here I am waiting for the break of the trendline on this pair for a confirmation to enter short on this pair. MACD is showing another move up so trade with caution.
AUDCAD Next Big MoveGet ready everyone for the next big move down! The move has already started I am watching for a flag before entering.
Daily View of GBPNZDHere on GBPNZD I am expecting to see another wave up to further complete our corrective pattern.
