WicktatorFX

WicktatorFX

CADCHF is currently showing us the perfect correction. In Elliot wave theory, this correction is called a Flat correction made up of 3-3-5. 3 waves - WXY (Wave A) 3 Waves - WXY (Wave B) 5 Waves - 12345 (Wave C - we are currently in Wave C) After the massive impulse in February 2021, price has been stuck in a parallel correction. Within that channel, we can see a...

WicktatorFX Updated 

Last week DXY was bearish but we may see bulls come back this week. We can see that we're still in an uptrend so any pullbacks will be classed as a pullback for a move higher. That is unless we break that major ascending trendline impulsively. The impulsive moves have been marked out in a light shade so you can see where the impulses are and the corrections...

WicktatorFX

DXY is approaching a pivotal area where we can see a bounce. See below: EURUSD is also approaching area which we are highly likely to reject due to the following confluences: - Descending trendline - 50 fibonacci For confirmation, we will be waiting for a strong rejection from our area entry zone before entering. Targetting the recent lows. Goodluck and trade safe!

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We've been keeping an eye on CHFJPY for quite sometime now as price was at the extremes of the parallel channel. We are looking for any shorting opportunities to take CHFJPY down. We've seen some JPY strength last week but we could be consolidating for a bit due to CHF strength (which we anticipated a couple of weeks ago). Looking for clear signs of reversal to...

WicktatorFX Updated 

Anticipating the next bull run to surpass the all time highs! Entry: On lower timeframe, wait for the break of the descending trendline to break and get your entries in and stops below the low. Goodluck and Trade safe!

WicktatorFX

Tesla faced a massive setback in February 2021 where Tesla had some serious quality and safety issues affecting the acceleration and the batteries catching on fire. In China, the biggest market outside of the US, Tesla was being berated by regulators. This could be one of the reasons why the stock price of Tesla dropped over 35%. Unfortunately Tesla also faced...

WicktatorFX Updated 

CADJPY similar to GBPJPY. In an ascending correction and looking to drop any day now. Looking for a 700pip TP for FIRST targets. Long term target over 1000pip! On lower timeframe, try and stack up as many short confluences as you can and then enter. Please use risk management. Goodluck and trade safe.

WicktatorFX Updated 

GBPJPY is in an ascending correction.. but it appears we have seen almost the same price action before in 2017. In 2017 price formed an ascending correction and then broke down over 3000pips. We could be seeing similar price action now, atleast 1000pip drop that we are ready for. On lower timeframe, watch for confirmation and look to enter. Goodluck and trade safe!

WicktatorFX Updated 

From our previous analysis, we were looking for price to create some sort of correction to take us down further and it appears we got that correction. Price made a parallel ascending correction which is often a reversal pattern. On higher timeframe we also have a descending trendline where price reversed from (See higher timeframe analysis below) Will be looking...

WicktatorFX Updated 

CHFJPY is in a very great place to look for shorts. We have multiple tells indicating that CHFJPY may drop heavily from the double region. If we don't get a reaction from the double top, look for a reaction near the upper trendline. The risk to reward on this is insane if you got the ability to hold. It will pay off! On the weekly we have a simple Impulse, ABC...

WicktatorFX Updated 

The last time we analysed Bitcoin, we were anticipating a push up from the 30K level as it previously acted as the impulse generation point. We now have that push and were approaching a key level where we may see some resistance. The important level to watch now is the 42K level where we have the correction resistance and previous structure. If we break that...

WicktatorFX

EURAUD recently created a head and shoulders formation and broke the neckline. We are anticipating EUR strength and AUD weakness this week which could push EURAUD back to the neckline to give us a nice retest before shorting. We can capitalise on both the move up and the move down. Goodluck and trade safe!

WicktatorFX

In our last Gold analysis, we looked at how the recent price action of Gold was almost identical to March 2021 where we went on to create a double bottom. (See linked chart) It appears that we may be going on to make that double bottom. Price has broken out of the ABC ascending wedge and is creating a bearish correction. We're more interested in the long term buy...

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CADJPY price action is eerily similar to the last time we reached this level. In 2017, we doubled topped around the 91 level before dropping over 1500pips! Price seems to be making almost the identical price action. See below: As you can see, price is moving exactly as before and we are approaching the double top region in the same fashion. Will be...

WicktatorFX

CADCHF has been creating multiple ABC moves and we appear to be at the end of another ABC move. Looking for a sharp move down to confirm the next move. Please note that this may be a risky trade considering how strong CAD is. Please use proper risk management. Goodluck and trade safe!

WicktatorFX

GOLD is making moves that we've seen previously in March 2021 when we got the breakout and a double bottom. See below: It appears that Gold could go on to make the same move as last time which would be great for us as it will give us a clear entry zone and stop loss placement. Ideally we'd want to get there with a correction but the market seldom moves as we...

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Gold has been developing nicely and it appears we are now within a bullish correction. Looking for one more move down to the lower extremes of the bull flag. Ideally we want a reaction from one of the fibonacci levels. Will be keeping a close eye on price once price reaches our area of interest. Will be targeting 1784 for first targets and then reassess.

WicktatorFX Updated 

In our last analysis. we hit our bearish target. Since then we have turned bullish and ready to break out of the major descending wedge. Next week we're anticipating a breakout targeting atleast the 1800s. Goodluck and trade safe!