NecP

NecP

After ABC correction is finished its time to buy some more Vechain. Price hit 0.16-0.18 area also 0.50-0.618 Fibb retrecment, trend line and on H4 chart doji pin bar was created.

NecP

This is my view on Vechan, after completing wave 5 on the way are ABC corrective waves. So I will look to buy it around 0.16 highlited area.

NecP

In the next days I will be looking for Long option on this pair after corrective wave 2 ends at 38.2 Fib level or at 61.8 which I would also consider as a posibillity. I think corrective wave 2 should consist of 5 waves. So my SL will be 20 pips bellow 61.8 Fib lvl. 1st TP around 1.38 lvl, end of wave 3.

NecP

Review from last post Gold last week break ABCDE triangle to upside. This break is very good signal for more upside from GOLD in coming weeks. Gold closed on Friday with price 1742$. Upper resistance is at 1748$. 1 Option First possibility for Gold is Truncation of wave 5 which means Wave 5 coudnt break top of wave 3. I think this scenario wont play out. I will...

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We have very nice buy opportunity on GOLD. On H4 chart we can see creation of 5 motive waves of Elliot Theory. I am waiting last 5th wave of that impulsive move. Wave 4 is corrective ABCDE Triangle and wave 4 didnt move beyond the end of wave 1. Also Fibbonachi level of 38.2 is holding very well and we can consider as another confirmation for move up. My target...

NecP

On Daily Timeframe we can see nice example of elliot wave count, first 5 waves represent impulsive move, other 3 (ABC) correction. Supply area is bettwen 50 and 61.8 fib retracement with nice doji candle from October 2019. In the next days/weeks i will be looking for price action correction for long move.

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Techical view According to the Elliot Wave Theory next, move on GPB/CAD is completing corrective wave C. I highlighted grey area 1.7200-1.7300 where I will be looking for price action to short this pair. We can also see breakout of that rising red trendline last week, which is one more confirmation for move down after we see a retest of the broken trend line. I...

NecP

Techical view On Daily Timeframe we can see USD/CAD is moving in channel for several months now. I will anticipiate buy position in the next couple of days. I am looking for 5th impulsive wave. I would consider my buy positions around 1.32250 after price action confirmation, with SL around 30 pips just below uppert trend line. TP1 will be at 1.33143 (possible...

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Technical view USD/CAD is currently in descending channel, on Daily time frame, we can see a breakout from that trend line at 1.30191. The first resistance area is from 1.3314 to 1.3344. I will wait for price action confirmation from sellers to move lower. Otherwise, if that resistance area would be broken I will be watching how the price will react to the next...

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Technical standing Gold is in strong uptrend since breaking 6 years high in mid-June. Currently gold is in correction phase. On the H4 chart, I marked my support zone from 1480 to 1498. In today`s trading sessions we could see Gold going up too 1524 and immediaetly retracing down to 1498. Now Gold is currently sitting on 1498, top of my support zone which is...

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Technical view On Weekly timeframe GBP/CAD has showed rejection from very important Supply area. We can see Pin bar was formed last week which we can consider as a buy signal, also we can see pin bar on daily chart. MA10 and MA20 have crossed each other on Daily chart which means there are changing in the trend in play. I will be looking for buy orders on smaller...

NecP

Technical view EUR/AUD today touched big trendline witch represent uptrend that started in February 2017. In marked red area I will look up for buy opportunity. My SL will be placed at 1.6060, green lines represent TP points and more important they area of ressistance. Fundamental view This week on Thursday we are expecting ECB Meeting and Mario Draghi...

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Technical view On Weekly chart EUR/USD is currently in descending channel moving downroads. Also on Daily chart I point out inner channel and marked Support area from 1.093-1-1080. On Weekly chart I marked out Big Support area from 1.048-1.080 with inner support line at 1.060. This Big Support area represent buy preassure in the past where u could see Triple...

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I am willing to consider short position on USD/CHF. From tehnical standing, I see descending triangle on Daily chart. In few next days i expect touch to that trend line and price action confirmation to the way down at 0.97210 (TP1) where is the botton of descending triangle. Also after possible breakout of descending triangle I considering to put my TP2 at 0.96000...