SuperMonkey0
XRPUSD // Ripple // XRP Short Setup 👉🏻 One of the top crypto gainers of the past week. Not surprise to plot this as a Wave-3 impulsive wave. Momentum is slowing down and we could anticipate a pullback for a Wave-4.
GBPJPY Short Setup Continuation trade: 👉🏻 Price has a potential to form a corrective ABC movement here. Previously broke below and tested the 152.550 area, we could see further sell off to the previous low of 151.300. Running trade
EURGBP Short Setup Continuation trade: 👉🏻 Price is respecting the markups. The break below 0.85000 was the biggest giveaway, further sell off could be anticipated until ~0.83500 area.
GOLD Long Setup Continuation trade: 👉🏻 Critical candle formed on the weekly chart. Monday's selloff have left price breaking below the weekly trendline and tagged the yearly lows of $1680, but bounced back off the 61.8% again to close the week with a ~1% gain. A long position may be considered IF pullbacks occur to $1760 level. Potential Elliot Wave Count
DXY USDindex Continuation trade: 👉🏻 As mentioned earlier, price did not break higher, we could see 92.350 to be reached for now
USDCHF Long Setup Continuation trade: 👉🏻 An impulse is always followed by a correction. Here we have seen a falling wedge at 0.90500 area indicating a reversal to end this corrective wave. A continuation move would be anticipated.
GOLD Short Setup Continuation trade: 👉🏻 With the recent dump due to NFP, price could be forming a huge WXY correction, with a 3-5-3 move. An extension of ABC in the Wave-Y is possible. 📰 Investors are also keeping an eye on Wednesday's CPI data. Zones
DXY USDindex Long Setup Continuation trade: 👉🏻 Price made a bullish impulse from the NFP data, this could be some more strength in the coming week. Of course a favourable scenario is some pullback to the previously broken 92.300 area.
USDJPY Short Setup 👉🏻 ABC correction down + zone to zone trade
EURAUD Long Setup Continuation trade: 👉🏻 Very similar concept to GOLD as posted here . We are in the most impulsive Wave-3 now and next target after breaking the 1.618 Fib Extension is, by theory will lead to 2.618 level of 1.64195. Overall price is also making series of HH and LH, press sell with this kind of structure??
CADCHF Long Setup 👉🏻 Interesting zone will be looked out for at around 0.72300. I am currently in a short term sell position to catch some of the wave-c Daily Idea
EURUSD Long Setup Continuation trade: 👉🏻 As mentioned last week, price did break out from this ending diagonal. We could see some retracement at least to the marked zones IF price still decides to go long. 1.12000 would be the next level for sellers to be interested in.
GOLD Continuation trade: 👉🏻 Price found resistance again at 1830 region, hence, safe to say that price is just moving sideways in between 1790 and 1830 now. Waiting for further structures to be broken. The retail shorts sentiment are slightly higher with 51%, and usually it would be more profitable the other way.
DXY USDollar Short Setup 👉🏻 The dollar is moving unusually coherent with gold at the moment, however it is pretty much moving sideways. Previous highs of 93.4, 94.3 and 94.7 has not been broken, neither is the lows of 89.5 and 89.2. The recent drop from a rising wedge could lead so some further weakness in the dollar
USDCHF Short Setup Continuation trade: 👉🏻 What comes next after an impulse? A correction of course, plotting an ABC move to the previous structure low of 0.91200.
GOLD Long Setup Continuation trade: 👉🏻 Price has successfully broke the H1 and H4 OB as forecasted. We could see some minor pullback at least to the 1792 area which is also the 50.0% retracement level. Price should be entering some sort of minor corrective movement first before seeing some bullishness.
EURGBP Long Setup Continuation trade: 👉🏻 Price made another extension on this correction, testing the 78.6% retracement level instead. Impulse move will be seen after a break above this whole corrective channel.
AUDCAd Long Setup Continuation trade: 👉🏻 Looking for a impulsive Wave-iii to complete this major Wave-5 mentioned below Main Setup: