Check the related idea. Looking to hit 2nd TP with this. Posting now because the conditions now meet, but I posted the screenshot update for this in the previous idea.
So as you can see from the chart a lot of Fib confluence with the 618 and 1.618 lining up nicely. looks to me we are almost done with a correction wave after a 5 wave pattern. The 618 fib lines up with a daily level and could be a good area for a bounce, the 1.618 lines up with the Daily 618 fib which would also lead to a possible 2618 on the Daily time frame...
I think this pair is starting a big rally. Looking at D1 chart we have trendline broken and price bouncing from a previous support. On H4 chart according to this wave count i expect wave 5 to develop from current level. Stop loss and targets shown on chart. Best regards.
After a big bullish impulse last friday, price is on a corrective structure. Now is rejecting 38.2% fibonacci retracement, but we should see it dropping till MA50 aprox(coinciding with 50% or 61.8% fibonacci). Long positiong will be taken at bullish breakout
BASED ON MY ANALYSIS USDCHF HAS A SELL OPPORTUNITY , WAIT FOR THE BREAK OF A LOWER TIME FRAMEPATTERN THEN SELL
Litecoin bounced from wave II/b as we projected in our earlier update, broke channel resistance and now we expect a wave III/c to the upside with first potential target arround 70 level and 61,8% Fibo. lvl. If goes above this level, then we expect 3rd wave, which means much higher. ew-forecast.com <- Visit for more Cryptocurrencies FREE Analysis!!
Based on my Wave Count the Larger Degree Wave III is coming to end as we are potentially in Final Wave of Wave III. Once that is done we might see either a Flat correction or a Triangle correction both of which are sideway correction which might take a year or more to unfold and the Fifth Wave Targets could be around 11100 to 11400 from where the markets might get...
I've calculated possible retraces from top of sub wave 3 which we just finished. We are close to finishing a possible larger wave, then we will see A-B-C correction. I'm longing at possible retraces until a wave 5 target of $6920, target 2 is $7734.
THIS WAVE'S IS IN TEST. USDJPY IS GOING UP AFTER A SHORT POSTION.
Dear followers, I find a good entry for a sell Setup. The wave before was an Impulse about 5 waves and now you have the Chance to catch a correction wave. In Addition, the RSI oscillator confirm the break to a new wave. I think it has 2 Exit Points, look on the Chart. Have a nice trade.
Watch Price Actions (PA) for one more up move before the big down fall. If we get a impulse (60pips) up, watch PA for trend continuation pattern to the upside on 15 min time frame. This is a SHORT TERM TRADE (one day- to 4 days to develop and complete) FXT :)
Last spike at the opening bell should mark at least a local high, completing a more ample ending diagonal and an impulse from Sep25th low. Short with tight stop at 6045.
Hi Traders , This is my analysis on GBPUSD I am currently short of a TCP Pattern and see this going lower before breaking to the upside.
An idea of what BTC could end up doing.