EduwaveTrading

EduwaveTrading Updated 

Hi traders, Last week XAUUSD made another corrective move up just like I've said in my outlook. After that we saw a strong rejection and another downmove. For next week we could see some (corrective) upside and another downmove again. Let's see what price does and react. Trade idea: Wait for the corrective move up to finish and trade shorts after a change in...

EduwaveTrading

Hi traders, Last week Bitcoin price went up some more to finish an ending diagonal (wave 3). After that we saw a fast pullback down for wave 4 and on Thursday the orderflow changed to bullish (close above 4H bearish FVG) and wave 5 started. So now we could see more upside. Let's see what the market does and react. Trade idea: Wait for a small correction down...

EduwaveTrading Updated 

Hi traders, Last week EU made a small correction up and another downmove just like I've said in my outlook. After that it made a bigger correction up. So next week we could see another downmove to finish the bigger correction. Let's see what the market does and react. Trade idea: Wait for the correction up to finish and look for a change in orderflow to...

EduwaveTrading Updated 

Hi traders, Last week SPX500USD made a correction up into the 4H FVG and after that another drop just like I've said in my outlook. So next week we could see a bigger correction up and after that another drop. Trade idea: Wait for the correction up to finish. After a change in orderflow to bearish and a small correction up on a lower timeframe you could trade...

EduwaveTrading

Hi traders, Last week Bitcoin price went up some more. It looks like it now finished wave 3 and we could see a pullback down for wave 4. Let's see what the market does and react. Trade idea: Wait for the finish of the correction down (into the Daily FVG?). This could take the whole week. So the bias is short for this week, but don't trade it. Wave 4 can...

EduwaveTrading

Hi traders, Last week XAUUSD made another move up exactly to the point I've said in my outlook. So have you made some profit? After that we saw a strong rejection and downmove. The price shown on the chart is without the biggest part of the price action of Friday because of the technical failure with CrowdStrike. So price is now at the low of the blue arrow....

EduwaveTrading

Hi traders, Last week SPX500USD went a little more up to finish wave 5 just like I've said in my outlook. After that it dropped. So now we could see a big correction down. Next week we could see a correction up and after that another drop. Trade idea: Wait for the correction up and a change in orderflow to bearish on a lower timeframe to trade shorts. If you...

EduwaveTrading

Hi traders, Last week EU made a small correction and went a little more up. After that it made the first leg down of a bigger correction just like I've said in my outlook. So have you made some profit? Next week we could see a small correction up and another downmove to finish the bigger correction. So let's see what the market does and react. Trade idea: Wait...

EduwaveTrading

Hi traders, Last week Bitcoin price went up very slowly after the impulsive upmove. So this could be the start of a leading diagonal or we could see another downmove. Let's see what the market does and react. Trade idea: Trade longs after a clear impulsive upmove and change in orderflow to bullish and a small correction down on a lower timeframe. If you...

EduwaveTrading

Hi traders, Last week XAUUSD made another correction down and after that we saw a strong upmove just like I've said in my outlook. For next week we could see a little more upside. Let's see what price does and react. Trade idea: Wait for a correction down and trade longs after a change in orderflow to bullish on a lower timeframe. If you want to learn more...

EduwaveTrading

Hi traders, Last week SPX500USD went a little more up for wave 5 just like I've said in my outlook. Price is slowing down so next week we could see a little more upside to finish wave 5. Trade idea: Wait for a correction down and a change in orderflow to bullish on a lower timeframe to trade longs. If you want to learn more about wave analysis, please make...

EduwaveTrading

Hi traders, Last week EU made a small correction and after that it went up. Next week we could see a little more upside for this pair. After that it could make a bigger correction. So let's see what the market does and react. Trade idea: Wait for the correction down and look for a change in orderflow to bullish to trade longs after the finish of a correction...

EduwaveTrading

Hi traders, Last week Bitcoin price went into the Daily FVG, dropped and closed under the recent low which invalidated the (orange) Triangle pattern of last week and created the smaller wave 4 (grey) of C (orange). After that it dropped into the lower Daily FVG which is the finish of the bigger (orange) ABC pattern and (red) wave 4. So now it looks like it's...

EduwaveTrading

Hi traders, Last week XAUUSD made a correction down and after that another impulsive move up. So now the triangle pattern could be finished and the next bigger impulsive wave up has started. Next week I expect this pair to make another correction down and after that we could see a strong upmove. Let's see what price does and react. Trade idea: Wait for a...

EduwaveTrading

Hi traders, Last week SPX500USD finished the bigger correction (wave 4) and after that it went up again just like I've said in my outlook. So next week we could see a little more upside to finish wave 5. Trade idea: Wait for a correction down and a change in orderflow to bullish on a lower timeframe to trade longs. If you want to learn more about wave...

EduwaveTrading

Hi traders, Last week EU filled the weekend gap and after that it went up. Next week we could see a correction into the Daily FVG and more upside for this pair. Another possibility is that it drops one more time but I think that's less probable. So let's see what the market does and react. Trade idea: Wait for the correction down and look for a change in...

EduwaveTrading

Hi traders, Last week Bitcoin invalidated the wavecount so I've adjusted it. The way price moves it looks like Bitcoin is making a big Triangle (wave 4). So now it looks like it's making another correction up for the D-leg. If this analysis is correct you could trade buys. But I would wait for a clear impulsive upmove before trading longs. Now let's see what...

EduwaveTrading

Hi traders, Last week XAUUSD dropped and after that it went up again (impulsive). So now the pattern could be changed. Next week I expect this pair to drop some more into the Daily FVG to finish the bigger complex W-X-Y pullback. But if it corrects down and makes another impulsive move up, the bigger (ABCDE-triangle) correction has finished and you could look...