TFLOfficial

TFLOfficial

Hi! AUDUSD with some fantastic price action. Market structure has changed - What looks like a forming bearish trend on the 4H timeframe seems to be just a very deep retracement on the previous daily impulse move. A close above the current resistance zone would definitely heat things up and I'll be looking for a a long entry. Let me know what you think in the comments!

TFLOfficial

Hi there I have spotted a nice setup on GBPUSD, offering a potential 1:3 RR. The structure was broken on the 4H to the upside - giving the market an opportunity to shift momentum. Until then it was clearly bearish. What stands out for me is the fact that he support zone broke with huge momentum and then flinged back up. In my eyes this is institutional stop...

TFLOfficial Updated 

Hi! I see here a nice opportunity to short AUDCAD - at least for the next few hours. The idea is based on a simple but very effective price action and market structure approach. Let me know in the comments what you think 🤔

02:48

TFLOfficial

Good morning traders, in my short video I will explain to you the idea behind my live AUDCAD short position which I have opened just moments ago. Please feel free to share your comments, thoughts and own ideas in the comment section.

TFLOfficial

It becomes apparent to me that the GBP/JPY runs out of steam. There have been multiple attempts to fend off potential short sellers but my guess is that it is just a matter of time before we will see moves towards the downside. Based on that I will be opening a low risk GBP/JPY short trade. Good luck. Alysson x

TFLOfficial

Dear traders, I will be throwing in a little long position with an initial target of 121.28. I have reason to believe that the A-B-C correction is complete (we have reached the 61.8% Retracement of the previous impulse 1-2-3-4-5 wave) and a new 1-2-3-4-5 cycle is about to start. My stop loss is placed just below the latest low - if it goes lower than the...

TFLOfficial

Dear Traders, the way I see it is that the 1-2-3-4-5 is now complete and it's time to start the correction, which consists of a A-B-C move. A perfect target would be the green box as it matches with the 50% Retracement. However, please keep in mind that a A-B-C can in many cases drop all the way to the beginning of the 1-2-3-4-5 so don't just jump into the market...

TFLOfficial

Traders, a thorough and more than complete correction of the 1-2-3-4-5 move is about to completed. What does that mean? My bias from here on will be long . I am expecting the pair to develop a new 1-2-3-4-5 move to at least the 50% ob the previous down move. Chances are that it goes even hight but we shall see. In terms of timeframe I will be looking at 3-6...

TFLOfficial Updated 

Dear community, today I am presenting you another GBP pair I am shorting: FX:GBPJPY . As I believe the price is currently forming a correction (a-b-c structure). At this very minute it seems the final wave (c) within the correction is about to get started, which gives me a minimum target of the 50% Fibonacci Retracement. This trade has the potential to easily...

TFLOfficial Updated 

Dear community, I have opened a FX:EURCAD short position as I believe, based on the Elliot Wave theory that the price is currently in the process of forming a wave (iii) within an overlying cycle. The overlying cycle is currently within a wave three as well, which is usually an indication for rapid pro-trend movements. Based on that I am expecting...

TFLOfficial Updated 

Dear community, over the last two weeks I have updated you about my CADCHF short trade within the correctional a-b-c wave. This time I want to present you a trade in the opposite direction. Note: I do not want to go long immediately but am looking for clear signals of the a-b-c correction to be complete . However, I chose to publish this teaser upfront as I...

TFLOfficial

Dear community, I believe, based on my Elliot Wave analysis that the FX:GBPUSD is currently forming an underlying wave 3 within an overlying wave 3. As a quick reminder how it works: Impulse waves based on the Elliot wave theory are made out of five waves, of which 1, 3 and 5 are impulsive pro trend waves, whereas 2 and 4 are counter trend ...

TFLOfficial

Dear community, I am still long in the FX:EURGBP like published a couple of weeks ago (see attached related trading idea). I believe the price will be starting a final correctional wave c sooner than later. Minimal target being tops of wave a - optimal somewhere in the region between the 50% and 61% Fibonacci Retracement. If you agree with my approach...

TFLOfficial Updated 

Dear community, as I see it, the Dow Jones Index is currently in an underlying A-B-C correction before the final 1-2-3-4-5 impulsive wave starts to complete the overlying V of the cycle. What does that mean? It means that I am currently waiting for the A-B-C to finish before I go long, speculating on new highs. There are still a good few thousand points to...

TFLOfficial Updated 

Dear community, just a quick trading idea - more later as I am between doors at the moment. I am going long EURUSD as I believe the correctional a-b-c within the ii is complete. Furthermore the price just hit a perfect Fibonacci Retracement level which makes it even more attractive to me. As I said, I will be publishing a more detailed update on this trade...

TFLOfficial

Dear community, I will kick this week off with a long idea on USDCAD. As I believe the price is currently forming a wave IV and eventually break out, starting a final wave V within the cycle. As per the moment I am opening a long trade. The price is sitting within a perfect Fibonacci retracement level, which makes it, given the Elliot Wave count as I believe...

TFLOfficial Updated 

Dear community, I keep it very short and crisp before releasing us all into the weekend. With market opening of the Litecoin I will open a long position, initially targeting a price area between 68.00 and 70.00. I believe the price will eventually go higher than that but I like to keep my trading compact and use the swing within the moves. A perfect stop could...

TFLOfficial

Dear community, before we head off into our well deserved weekend, a quick analysis on the USDCAD; I believe the price is currently consolidating into a wave IV before starting off into its final wave V. In clear terms, my guess is that the current drop in the USDCAD is nothing more than a deep breath before attacking new highs shortly. Before I jump on the...