JBaissari

JBaissari

The Canadian dollar has been on a heavy downtrend, and through the days it is becoming more clear that its value is going to continue falling. According to my Elliott Waves analysis, we are at the beginning of the 4th wave formation on the 4H timeframe, and it can give us a potential solid entry based on this strategy that I've been testing lately from this...

JBaissari

I hope you enjoy going deeper into charts the same way as I do. Finding opportunities like this is really difficult and takes a lot of time. Hopefully one day I'll get better at it. This time I believe we could potentially be leaving the parallels channels to the downside, plus I don't see enough buying pressure and the manipulations are more evident. For the...

JBaissari

Current Position: We’re nearing the end of a lower wave 3, based on previous price reaction at key Fibonacci levels (0.886) for 2nd Waves / Running Flat Bs. Price Action: Good reaction of the middle line of the parallels channels, with bullish impulsive. Correction Target: Expecting price to correct to key support levels, around 109 and 109.075. If price drops...

JBaissari

Looking at the current market structure and how the price has been reacting to key pivot points (marked with the Fib levels) I'm receiving some strong buying signals. So far we have: Bullish divergence in both 15m and 1H. Bearish divergence in 15m (usually happens at the end of the 3rd and 5th wave) The price did a liquidity grab at key levels of the 5th...

JBaissari

Here's an analysis showing my bearish scenarios with two targets for the upcoming correction. Both my bullish and bearish setup are pointing me with a selling opportunity, and by using Elliott Waves and identifying RSI divergences I can confidently say that these Bearish Divergences are increasing and the strength of the upside movement is slowly losing its...

JBaissari

With the recent PA of EURUSD and checking with how much strength the price reacted to previous key levels, for me this is my confirmation that the bullish trend might continue on a larger time-frame (check the 4H chart and my previous Elliott Waves analysis) On a smaller time-frame, which is the 15m, we might expect a correction already, but only if the price...

JBaissari

Yesterday's idea worked interesting. I had a 4 RR before I noticed that the trend might change, so I decided to take profits before reaching my desired level. Today I'm looking at a fairly different scenario, to which I'm 60% confident that this might be an extended wave 3 (it reacted to the 2.618 level) on a lower time frame. This means that there are most...

JBaissari

For this setup I'm using my primary Elliott Wave count, considering the higher timeframe's direction such as the 4h and the 15m chart as my entry confirmation, as well as a quick guide to analyze using Elliott Wave structure on smaller timeframes with OBs & Imbalances for entry confirmation. Again, this time I believe the 0.782 level I marked is a potential key...