I am looking at a possible shorting opportunity all the way down to 1740. I am waiting for a retest off the bearish order-block (1817-1819) created during the melt off yesterday (03.01.2022). ONLY if this bias plays out, after price finds support around 1735-1710, I will be looking to open long positions long term all the way back up 1974, then towards an ATH. I...
This is an update from the last analysis as it looks like there is not enough momentum in the market just YET to push AUDUSD down further. This is expected as its the end of the year and liquidity is low in the markets. The correction channel has also gone wider indicating that price could keep correcting & consolidating a little longer before any drop starts....
If this analysis does come into play throughout 2022, I am still expecting one more wave down towards 1735-1710 at the start of next year as a liquidity grab. The move down would still could as Wave E of the Elliot Wave Theory & wouldn't be invalidated. Still got both buy & sells positions hedged already for my Account Management investors. Drop a like if you...
AUDUSD has been in a downtrend for pretty much this entire year. Price has found temporary support at 0.7000 and bounced up 300 PIPS as a retracement and in order to grab liquidity after the huge sell off. The support found at 0.70 would count as Wave 3 of the Elliot Wave Theory. Wave 4 has also been complete and hit a peak at 0.72250. As you can see from current...
All the details are on the chart. Looking at the current momentum of sellers and how sluggish price action is, it indicates to me that the sell is currently considered a correction. It also looks like market is completing an A-B-C corrective wave according to the Elliot Wave Theory. Possible longs from current market price.
If you look back to the previous analysis I uploaded, you'd see I called this exact move. I will now wait on a pullback to around 1774-1768 before entering more long positions. Drop a like if you agree and let me know what you think?
I am currently looking to buy Gold again as a retracement. Last month we saw Gold drop roughly 1000 PIPS to the downside in a very sharp move showing that Gold is currently in a downtrend. Looking at market structure, we can see that Gold has been been creating a corrective pattern which also indicated a loss of momentum for sellers, hence why we've seen ZERO Gold...
This analysis is a possibility. Although I see Gold dropping lower towards 1745-1735, we might see a move up first towards 1824 as a correction. Markets giving signs of moving both ways so this here is RISKY trade as both buyers & sellers will get trapped. I am not taking this long position yet, waiting for a retest of 1777 as a confirmation before opening a...
GBPUSD has been on a decline for the best part of a year. Bearish momentum has majorly decreased and we have pretty much been ranging for about a month now creating a corrective pattern inside a wedge. I am expecting one final wave (Wave E) down towards the order block of 1.31300-1.31070, before we see a reversal to the upside. I will be looking for a 300 PIP...
This analysis is a possibility. Although I see Gold dropping lower towards 1745-1735, we might see a move up first towards 1824 as a correction. Markets giving signs of moving both ways so this here is RISKY trade as both buyers & sellers will get trapped. I am not taking this long position yet, waiting for a retest of 1777 as a confirmation before opening a...
What is currently going on with Matic? Well just like most other crypto's, Matic is also about to enter a bear market heading into 2022. It has completed its 3 wave impulse move to the upside according to the Elliot Wave theory. From May 2021, we saw the first move to the downside which would count as completion of Wave A. Wave B correction now also complete,...
Similar to all the other commodities, it seems like Platinum could be getting ready for another bull run in 2022, after spending most of this year declining. Not much volume in the markets right now, but this could be used as a chance by buyers to accumulate momentum in order to push it up when volume re-enters in 2022. Could still see just a little push lower to...
This analysis is a possibility. Although I see Gold dropping lower towards 1745-1735, we might see a move up first towards 1824 as a correction. Markets giving signs of moving both ways so this here is RISKY trade as both buyers & sellers will get trapped. I am not taking this long position yet, waiting for a retest of 1777 as a confirmation before opening a...
I am waiting for a pullback towards the highlighted bullish order-block before looking at long positions. Similar to the Gold chart, it looks like Silver needs a little drop as a liquidity grab before we see the next bull run starts. It's unlikely that we will see it start until next month, as there is no movement in both the Gold & Silver market currently....
This analysis is a possibility. Although I see Gold dropping lower towards 1745-1735, we might see a move up first towards 1824 as a correction. Markets giving signs of moving both ways so this here is RISKY trade as both buyers & sellers will get trapped. I am not taking this long position yet, waiting for a retest of 1777 as a confirmation before opening a...
As many of you who follow me, know by now I am short on Gold down to 1570 long term as my main bias. I have even uploaded the analysis on my page which you can go back on see. However, this here is an alternative analysis and has a likely chance of coming into play. After last years strong bullish momentum, Gold has spent most of this year within a correction...
I published the idea for this analysis on my page 2 days ago. Feel free to go and check it out and see the after result.
My last analysis was buying Ethereum up to $4500 as part of its corrective move. Now that the corrective move is complete, I will be looking to short Ethereum soon down towards $3620. We banked 510 PIPS on the last move (available to go and see on my TradingView profile) and now we will be looking to catch over 1000 PIPS on this shorting opportunity. I will be...