OceanBlue

OceanBlue Updated 

Hello, All! CAD FX:USDCAD has been continuously strengthening versus USD since May 2017. The last major breakout of the previous support level of 1.233x occurred on 06 September. After that, the pair was moving inside the ascending triangle which is most likely to be the accumulation phase prior to the next major move. If indicated point 5 is reached, it will...

OceanBlue Updated 

GBPUSD faced strong resistance at 1.307x/8x area which may become point IV of a grand bullish formation if this level holds well. There is a number of factors which support this possibility: RSI is showing bearish divergence at H4/H1/m30 timeframes. The volume showed support for possible reversal of the recent bullish trend. Currently, the price is floating in...

OceanBlue Updated 

Hello, All! USD Index TVC:DXY is currently forming the slightly incorrect bearish Wolfe wave. I would like to underline that this pattern is not a classic one as I'm ignoring extremely long lower shadow of the candle at point 4. After August NFP/employment/wages data missed forecasts, the USD crashed badly in just 1 min, but returned back to the pattern's...

OceanBlue Updated 

Good day (and night :-)), All! FTSE* FOREXCOM:UKXGBP has been moving within grand triangle structure since May 2017. Currently, minor WW is shaping as the index bounced of point 4 and is heading North to point 5 (basically the wave is forming right in between the borders of the triangle). Once successful and if major violet formation holds well, it can...

OceanBlue Updated 

Hi, traders! Swiss Market Index* INDEX:SSMI formed the bullish wave and appears to be ready for take off to point 6. This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal). It is also worth noting that internal structure of the wave is being enhanced...

OceanBlue Updated 

Good day and night, All! The gold is approaching the previous major resistance area around 129x/130x and is forming the new bearish wave. If the resistance withstands this 3rd breakthrough attempt again, it can become a very attractive opportunity for shorts to be opened. If successful, most likely this will happen in next few days after the peak formation around...

OceanBlue Updated 

Greetings, Everyone! Major red bearish Wolfe wave was formed by the FX:AUDNZD pair. It is being supported by RSI divergence as well as the formation of minor orange pattern inside its internal structure. The closer look at orange WW reveals that it is also being backed by RSI divergence. Significant volume rise at point 5 confirms the importance of this area...

OceanBlue Updated 

Dow Jones INDEX:DJY0 formed a bearish Wolfe wave. Being supported by RSI divergence at m15-m30 timeframe and significant stopping volume at point 5, it appears to be a good sell entry point. Crossing line 2-4 supported by increased volume should confirm the move South. Opened 3 positions at 22049/50, SL 22167, TP 21878 GL All!

OceanBlue Updated 

The grand bearish wave FX:NZDJPY is forming on DAILY/WEEKLY time frame. Fibo fan is indicating the possible future location of point V . Being a long-term project, it'll take significant time to reach its goals, but if reached, they're definitely worth* it :-) This idea was largely inspired by beauty and simplicity of Tradewonk's analysis: Good luck and...

OceanBlue Updated 

FX_IDC:GBPUSD shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643 Tomorrow will be an interesting day as...

OceanBlue Updated 

A nice minor WW was formed at m15 time frame. It is being supported by both RSI divergence and significant volume rise at point 5 (unfortunately, can see this only on my platform, not at Oanda). Entered shorts now at 0.79269 SL 0.79960 and then will be placed behind the local* peak. Gl All!

OceanBlue Updated 

Hello, everyone! KIWI OANDA:NZDUSD is completing the grand bearish Wolfe wave. As soon as the price shows clear signs of reversal after reaching point V, this can become a very interesting opportunity to go short. Good luck and profitable week!

OceanBlue Updated 

The long blue wave was formed at m30/H1 time frame and once successful, it will become the natural part of the major yellow structure. As the bulls have been keeping pushing this pair up without significant resistance since 11 May 2017, the minor pattern has good chances to succeed even though currently it is not being supported by RSI divergence/volume/data. I...

OceanBlue Updated 

After OANDA:GBPAUD reaches indicated point 5, the wave will be completed. The peak confirmation will present a nice opportunity to go long with really good potential target level. Many profits and GL All!

OceanBlue Updated 

TVC:DXY has been continuously falling since mid *Dec 2016 and currently there are no signs of this downtrend reversal. The minor bearish Wolfe wave is currently shaping and once formed, it can become an interesting sell entry point. GL and profitable trades!

OceanBlue Updated 

Hello, traders! Both FX:AUDJPY and its FX:NZDJPY counterpart are forming bearish WWs on Daily/Weekly. Though being risky due to its scale and possible price noise around point V, they represent an interesting opportunity to go short. Good luck and profitable week!

OceanBlue Updated 

Hello, traders! I stumbled upon this POLONIEX:ETHUSDT pattern thanks to DLavrov's idea: As (quite unfortunately!) my platform is not offering cryptocurrencies trading, I'm usually not checking them, but this setup definitely captured my attention. Perfectly shaped wave almost reached point 5 now. If the resistance around this level stands, I would expect it...

OceanBlue Updated 

Greetings, traders! TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V. If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity. GL All!