my bitcoin analysis using the elliot wave theory on the daily timeframe looks to identify buy areas for both investors and retail traders. if trendline is broken, setup will be invalidated
on the 4hr chart, the 1-5 wave has completed, and theres reason to start looking for shorts once the A neckline is broken for the c leg of the corrective move into the 1.618 ext of the A leg.
audchf reached a major resistance level yest, broke support on 4hr, did a retest and the trend is finally back in play after the correction.
price looks to have gotten to an important zone on the 4hr chart. what we look to do is buy this level into the 0.68032s. to make it a fair and sure trade, heading down to the 1hr time frame and waiting for a trendline breakout could prove useful.
there is a short selling opportunity on the usdcad pair, 4 hour timeframe. price has retraced back into a recent trendline, and a major resistance level.
there is a head and shoulder pattern forming up on the GBPUSD pair, at a major support zone on the 4hr. if the head and shoulder pattern is successful, a break of the 50 day ema could see a shift in sentiment to being bullish for the next few weeks
a POTENTIAL head and shoulders pattern forming on the GBPJPY, 1hr timeframe. we have got a breakout candle from a consolidation, a retest candle and the beginning of a downwards move. use your own analysis for entry at market openning
there is a bullish head and shoulder pattern forming on the EURUSD PAIR.
this second part of the video provides an insight into whats happening on the monthly timeframe and where we actually do consider price to be heading towards.
this first part of the video provides an insight into whats happening on the monthly timeframe and where we actually do consider price to be heading towards.
the AUDNZD pair has reached a resistance zone on the monthly timeframe, coupled with rejections and the break of break of trendline, we have different opportunities of shorting the market. this is just my perception on what i think price will do in the future, use your discretion in trading the market. thank you.
this analysis provides a general overview of what actions traders might take in the next few week and trading opportunities that may probably form on the 4hr and 1 hr.
FX:AUDCAD ANALYSIS ON AUDCAD, FOLLOW ME IF YOU LIKE MORE VIDEOS FROM ME
BEEN SEEING SOME ANALYSIS ON AUDCAD GOING SHORT. BUT I THINK WE GOT A LOT MORE LONG IN THERE. PREPARING TO SEE THE PAIR GO LONG IN NEXT WEEK
I've seen some analysis on the pair for short positions, but the pair is still bullish and has found support at these levels marked. Anyway, let's see how it plays out since am also bullish.
WE WAIT FOR PRICE TO DROP DOWN INTO THE SUPPLY ZONE, WAIT FOR PRICE REJECTION THEN LOOK FOR LONG WITH A MIN OF 1:4 RATIO. T1=RETEST OF STRUCTURE T2= 1.618 FIB EXTENSION
SHORT OPPORTUNITY AT 17540's, if there is no rejection on the current bearish candle stop at 17841.3 profit target can be at 1.618 fib or 2.272 fib since its a counter trend opportunity,i suggest that you trail closely so u get out asap if news hits