The .618 retracement meets the long term support line, so i do not see us pushing down any furthur than that. I was able to count a 5 wave elliot structure within the push from B-C which is furthur confirmation, along side the 4 hour indicators being bottomed out. * The safest approach is to wait for the uptrend to form a full elliot structure on the 15min chart...
We have a bullish pennant uptrend here which makes it scary to sell for a retracement. once the 15min pushes up again and doesnt surpass the previous high we will have a retracement confirmation. I will sniper trade this retracement with a tight stop loss.
This is the strongest uptrend you can observe in forex, when wave retracements are bullish pennants. Wait for a pull back on the 4hr chart and when it pushes up again, use fib to see if the .786 holds. If it does we will have a proper retracement. If not we could be seeing another massive push upwards.
The weekly and daily show a strong uptrend but we are near the long term wedge pattern and just had a pull back. If this pushes beyond the .786 we can expect the resistance wedge to be hit. If we start to drop below the 0.786 then we will be reversing into a long term down trend.
The ABCDE pattern from top to bottom can be measure by the weekly indicators. The daily is way over bought but the 4 hours is riding the waves with very shallow retracements, indicating a very strong up trend. I will stay with the 4 hour and 15min chart to sniper this uptrend until the support. Good luck.
It has retraced to the 38% so far and pushed down to the 23%. The daily chart indicates alot of room to push up. But if this down trend is very strong it has a real chance of just pushing all the way down to the previous low. Ill be keeping my eye on its development this week.
Method of madness *Indicators are reversing for a correction, and this pair is notorious for retracing to the 50% *We are in a larger ABCDE pattern, and as we know E is the breakout wave, so after a pull back to the 50% i see us dropping significantly. *I believe we will break the long term and short term wedge going down within a months time.
We had a long area of consolidation and a breakout. Just finished its retracement to the .786 it can not go any lower than this. This is a fantastic buy!
The daily indicators confirm a downtrend and since we are late to the party wait for the retracement and then sell this to the support channel line.
The 2018 fundamental news has been all positive, gold is supposed to sky rocket 2018. We just pushed up and hit the support line that has held us since 2011! We are about to have a retracement on the daily, but once that is complete the buy opportunity may break the long term wedge pattern. Meaning gold is about to explode!
On the weekly chart we are just starting to drop, and on the daily we are also dropping. I set my alert for this pair on the stoch/rsi when the daily is over sold. This pair moves crazy so be careful upon entry, in about 2 weeks i see this being a great buy opportunity.
We are in an uptrend and the daily indicators have confirmed we have a long way up to go. We possibly could be seeing a wave 1 of a full 5 wave impulse upwards. Wait for the 4hr pullback on the stoch/rsi and buy to the upside.
The 0.618 retracement meets the support line which indicates for me that will be the unbroken level in this retracement. The daily still has room to push down on the indicators, so like usual.. Wait for the correlation between the daily and 4hr indicators, observe the retracement level 0.5% because it has hit there previously and reversed. Happy hunting guys!
The daily chart shows it it coming down for a decent retracement, wait for the 0.618 and the daily indicators to be in correlation with the 4 hour indicators for the perfect entry. Patience my friends.. We are in an uptrend, we do not sell in uptrends.
This is the first significant retracement but we still have not hit the Wedge or resistance line yet. On the 15min we see it is about to push up again, if the 0.786 level holds that will be the perfect entry for a long term sell and a change in trend direction. This is the biggest opportunity pair i see for this coming week. Please refer to my long term analysis...
On the weekly we are very bullish and on the daily were over bought. I suggest waiting for the pullback on the daily until it is in correlation with the 4hr for a buy, its a patient mans game. Happy hunting!
On the weekly chart there is a strong confirmation that we will be going short for a long time. The daily chart is very over sold, and the 4hr just gave us the retracement confirmation candle. I think this is a nice buy to the 0.618 and then a very promising sell afterwards for another 5 wave trend.
The longer term trend direction is down but until it breaks the wedge pattern i see another push to the upside on the 4hr chart. And after this push up I believe we will see a longer term sell since the 4hr will be in correlation with the daily chart. The retracement concluded at the support of the wedge pattern in this analysis which gives me a bit more...