EdgarsFX

EdgarsFX

Took some time of the charts. Cause I did't see any trading option. Now what I see is this falling wedge. Enter buy only after top line is broken or at the bottom. Good luck.

EdgarsFX Updated 

I closed my sell order on GBPUSD in the night. I'm getting mixed signals right now. Price is going higher to top of the big wedge, but it's still in the small wedge. Will enter orders only when price breaks one of these. Good luck.

EdgarsFX Updated 

I still expect GBPUSD to turn around and go up. But these green support/resistance line are very strong, pluss it looks like we might get an H&S pattern on 30min, which means price can go back down to test bottom red trendline. So for now I think GBPUSD will go lower my TP is around 1.33830. But in the bigger picture I'm searching for a buy entry. Good luck!

EdgarsFX

Just read my EU idea, attached below. One thing I didn't mentioned on EUs idea was that this 5th wave can be just a 3rd extension. Good luck!

EdgarsFX

As you can see this a Eliot wave count based idea. If you see something wrong with please let me now. One of elliot wave count rules is that 3rd wave can't be the shortest, which means this new 5th wave can be more than 390 pips long, right now it sits around 330. Green line is string resistance/support level on 1D chart. USD index is also reaching its top...

EdgarsFX Updated 

So far GBPUSD is moving well today, first support/resistance level is that green line, where we will see if price is going further up or coming back down. Good luck!

EdgarsFX Updated 

Price broke yesterdays support level, but turned around on yesterdays low. I believe price can go up to test green trendline, but I expect it to go lower today. Green line is a good place to entert new sell order. Good luck.

EdgarsFX Updated 

Well as you can see EURUSD is still in this falling wedge and bottom of it is really close to fibonacci 1,618 level, and this is the level where I expect price to turn around and open sell order. Attached USD index idea, which is also moving to turn around point. Good luck and trade safe.

EdgarsFX

Price has gone past that Rising wedges top line. But as you see price has been moving in this chanel, so now top for USD index is that red line, around that line theres gonna be a good entry point for sell USDXXX pairs and buy for XXXUSD pairs. Good luck!

EdgarsFX Updated 

So previously I posted an idea about USD index turning aroun to go down. But I remembered about wave count, so we had 1st and then corrective wave went down to fib level 0.5, then we had a 3rd wave and now we are in 4th wave, which is heading down to fib leve 0.236. If this wave count is valid, we can actually expect USD index go back up and this time and test...

EdgarsFX Updated 

In the morning (in my country) I posted the H&S idea, which went really well and pattern for me is now complete. To find out what will/can happen next I looked also on USD index chart. So what I'm seeing now. This H&S up move, right now looks like a corective wave, which is strugling to break past fibo 0,236 level. I entered sell order with thight SL. For now...

EdgarsFX Updated 

Looks like GBPUSD is making an inverted H&S pattern, which menas price should turn around and go up. Pluss friday GBPUSD closed with bullish pin bar. If you enter buy now, put stop loss below fridays candle low. Good luck.

EdgarsFX Updated 

EU can turn around eather at the red or yellow trendline. There is NFP and unemployment news in a few minutes, so I closed my EU shorts and now I'm waiting. I expect that USD index should fall and EURUSD should start to rise. Wait for the news, to show where price will go next. Good luck!

EdgarsFX

red falling wedge has been completed. Price can go up to around 94,7. there it should turn around. But there will be NFP and unemployment news in a few minutes, so I closed my EU shorts and now I'm waiting. I expect that USD index should fall and EURUSD should start to rise. Wait for the news, to show where price will go next. Good luck.

EdgarsFX Updated 

Fed didn't move market as much as usual, so most liekly it will be more volitale friday after NFT. From what I'm seeing USD index is now making a corrective wave/bull flag. Price should go atleast to fib 0,5. For a bigger move up it needs to break past that blue trendline then we can expect fobonacci 1,272 level, and maybe start to search for a sell entry....

EdgarsFX

I believe we are getting corrective wave. I'm starting sell the price range, if the price has already completed the corrective wave, then I'll start to sell, after trendline break out. Good luck!

EdgarsFX Updated 

Pretty much same position as my EURUSD idea. Drawed a little bit different chart, so it's easier to see what I'm seeing. Friday GOLD break out of this rising wedge, now price is testing bottom of it which is at the same level as Fib level 0,382. I expect Gold to fall down atleast to fib 1,272 level. Good luck.

EdgarsFX

My previous idea about EURUSD is still active, yesterday we got a nice fall, now looks like price is making a bear flag . Need to wait how this 1h candle closes to know better if this scenario is valid or not. Good luck!