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Hey Traders! In todays analysis USDCHF is displaying what i believe to be a bearish setup. Presenting an opportunity to take advantage of this potential bearish move. My Observations Daily supply zone: Price retrace to test 0.89643/0.89148. Elliot Wave: Are we in a potential EW4 downward move ? Scroll back to Wed 22-5-24 and notice the beginning of...

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Anticipating a potential long move with the AUDUSD in the near future. As noted by my Elliot Wave markings, this pair has completed a 5 wave impulsive move down to 0.61868. Potentially now in an ABC corrective move I am expecting price to reach 0.64167 with a bullish divergence in which I will start to look for potential long setup to ride the C Wave of the ABC...

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we may be in a potential reversal setup at price action looks to complete an impulsive 5 waves. weekly supply at 4369.71/4307.58. I will be looking a decent reversal signal on the daily and looking to enter on any subsequent short positions on the lower timeframes

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Potential EW4 Support at 1.05214/1.04819 Support at 100 moving average

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PA has pulled back to the 61.8% Fib level and have moved down to lows of 122.982. Expecting price to continue down to finish this correction and find demand at 120.713/120.203. A decent pull back on the lower TF would cause for me to enter. Watch and Wait Bear Trader..

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Last week Price Action (PA) had broken above its 4HR Trend Line to reach the highs of 1.08963 before pulling back/reversing - whichever it may be - with the Andrews Pitchfork (APF) placed on the previous Pull back. Price has now test the middle APF line and closed with a strong rejection bar (Dragonfly Doji). I'm expecting price to continue its's move up to...

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With last weeks Friday close with a strong Bullish Trend Bar, are we to expect a further move up? Potentially. in saying this we may be forming a Bearish HARMONIC, - either a Gartley or Bat formation - this pattern could prove to test supply zones @ 0.73853/0.73285 before a move down. This could also be a viable ABC Correction if the pattern plays out. Pull backs...

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Bearish Elliot Wave (EW) currently in progress, with EW4 potentially forming a Bearish Divergence which may tag the 200 Moving Average before it's descent. Potential supply zone ALSO at 124.679. According the EW analysis the potential EW4 forming could find supply (resistance) at the end of EW1. Alerts set at 124.679 Let's watch and wait Bear Trader.

TraderChes Updated 

As it stands price is currently at EW4 which made a move up with a Bullish divergence to test the highs of 1.30056 before closing with a bearish trend bar. What i'm expecting is that price may pull back/corect to 1.27766 which may confluence with the middle level of the Andrew Pitchfork before rally up to complete EW5 or potentially start a sub wave on the lower...

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Potentially Bearish Divergence @ the 200 Moving Average. Price had previous completed a 3 wave correction followed by an impulsive move up with a small pull back, in which the impulsive move could continue up and find resistance at the 200 Moving Average along with a potential supply zone @ 0.72354/0.72226. Alerts set @ 0.72265 Still Bullish for the mean...

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Aussie dollar may potentially be in the A leg up, after the completion of an classic Elliot Wave (EW). A good thing to note was the price action (PA) displayed a bullish divergence across the low of 0.67053 to 0.5993. If we note the candle at the end of EW5, you see the nice rejection candle at 0.55976/0.54725 demand level, which also closed with Bullish Engulfing...

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Price is clearly showing pattern of channel line rejections, we have had 4 so far. We also have some Bearish Hidden Divergence forming which could lead to a nice bearish leg down to test the bottom of the channel. It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down. This would also form a bullish...

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#Bought #NZDJPY, however my broker didn’t want to fill my order at the price I wanted. #Suckers, entered manually but risk to reward wasn’t worth the trade so I exited. Could wait for the lower TF pattern to fill out and then look for entries on the higher TFs. But trade looks good so far. #Watch&Wait #TA #Trading #BearringtonTrader #Kiwi #Yen #Bullish...

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Here we have EW4 forming, i'm looking for a test and rejection of 77.174/76.971 to potentially look for long opportunities and ride up to EW5 A break below EW1 would negate the pattern and cause me to stay flat Prior we have a trendline breakout which was preceeded by a Class C bearish divergence also have a missed weekly pivot below, so expecting price to test...

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Since January, price has been caught in a range between 2.5383/1.21545, forming a triangle pattern. Also we can tell this by looking at the shorter term MA as its signally a flattening of direction. However the longer term MAs are still sloping upward which suggest the trend is still going up. From an Elliot Wave perspective, we could also be in a subwave 4...

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I am potentially look for a BUY/LONG set up on the EURGBP. My daily analysis is showing me a bullish divergence across the lows to a potential demand zone 0.85794 which will also be a 161.8 fib extension. My 4hr have has provided me with a potential bull crab pattern in that there a potential bullish Wolfe Wave at works, if i can get move down to 0.85833 then...

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Another one of my trades set ups.. Multiple reasons to enter the trade.. We have a daily bullisi divergence followed by a bull divergence on the 4hrs.. I beleive a harmonic pattern couldn't set up on the 1HR - crab. so i'm long till then.. extended target set at 161.8 fib extensions

TraderChes Updated 

Daily Bull WW triggered and nearing target 1 3 wave corrections with bull divergence on the 1hr/30mins 1HR also showed an imperfect bullish HD 30MIN Bull Reg Divergence