ending diagonal buy setup better to wait for break out of upper trendline. (for conservative traders) good RR heavy divergence on MACD and RSI
cypher pattern impulsive 12345 wave ends RSI oversold good RR i think it worth risking
RSI divergence. 78.6 % acts as support. this correction maybe is B wave of ABC .
broken Ending diagonal in the wave C of ABC correction is a good opportunity to go long. this ABC correction is a ZIGZAG and i expect price break that trend line and go higher to form a wave 3 in long term view. for this setup there are different targets depends on your method.
Bat pattern. ending diagonal pattern (in the C wave) divergence. there are resons a trader can short the pair now. waiting for break of 2-4 trend line (red one) is a conservative approach. but dont forget, there is a possibility for more upward moves for completing C wave of ABC. so if you enter right now, your stop must be upper that levels of completion of C...
divergence is a trigger for entering LONG if my analysis is correct, wave 4 has been finished and now wave 5 is being developed. so price will break the red channel and continiue higher if this counting is correct.
if current candlestick ends as a bearish engulfing pattern or dark cloud cover, its an confirmation that this pattern probably will work. wait for completion of candlestick and if it would a reversal candlestick, then we can enter short.
Break of red channel is a trigger for entering a trade. i think down ward break out is preferable.
following last post : "AUDJPY when to enter short ?" this is a post about where to enter or add to short positions. 4 ways to enter short for this pair. it depends on your style of trading.
divergence in play. this is a medium term analysis for entering long in the direction of weekly timeframe which is up. break of black trend line is a trigger for entering long or traders who are more aggressive can enter trade right now but its better to wait for a confirmation, because now we are in a corrective phase and corrective phases are complex and...
Long term analysis gives the right direction to traders. but when you find the direction in the longterms like weekly or daily, you have to switch to medium term or short term time frames for trading opportunities in that direction. now i can switch to 1H or 4H TFs for entering long.
elliott wave analysis of AUDJPY. daily TF. 5th wave of a 3rd wave in upper TF. good risk to reward ratio. break of red channel is a clue to enter short, how ever no problem to enter it right now if you are an aggressive trader.
Ending diagonal in 5th wave waiting for break of lower trend line for sell setup.
Waiting for a break out of purple channel to catch wave 5
Now we are in wave 3 of gbpusd on the weekly TF, there is C wave of a ZigZag developing, so the overall view is up for completion of C wave. this is a nice motive wave on lower TF of 4hr for catching the C of bigger TF.
Long setup triggered. reversal candlestick patterns. RSI divergence