eL-Professor

eL-Professor

Gold (XAUUSD) is forming a textbook impulsive Elliott Wave structure on the 1-hour chart. Wave 3 peaked around 3,131 USD, followed by a corrective Wave 4 currently in progress. Substructure shows wave (iii) ending at 3,150.57 and an expected wave (iv) bounce capped near 3,228–3,198 USD, followed by a final dip. The projected Wave 4 termination zone lies within...

eL-Professor

GBPJPY is unfolding a clear 5-wave impulsive structure from the April low. Current price action suggests we are in a wave (iv) correction of the larger wave (C). The substructure shows: Wave (i), (ii), (iii) are complete Wave (iv) is developing as an ABC flat or zigzag Wave (v) still expected to complete wave (C) higher What to Watch: The correction may...

eL-Professor

Gold end last week with good recovery during wave B confirmation, giving us an indication Wave B will be targeting 3408$, and Wave C between 4245-3225 However, brake above 3448 will open the doors for new 5 waves upwards and will invalidate the bearish

eL-Professor

While chart is Self-Explanatory the wave analysis show a possible one more decline to form Wave 4 (D) before the price rally up for Wave 5 (W) and Wave 3 (M) For Intraday trading its better to focus on short positions Do this analysis align with yours or no ? Please leave your valuable opinion

eL-Professor

If the price broke themost recent LH we expect the price to bounce from the descending trend line then we can place our buy limit order on the 50% fibo level

eL-Professor Updated 

USDJPY broke the uptrend and now ranging sideway we can sell the brakeout

eL-Professor

Price just bounced from the trend line.. Dont miss the chance

eL-Professor

Price already broke the up trend and closing below 1.91300 will confirm the signal we will sell immediately after the above condition and will target 1.88650

eL-Professor Updated 

Sell below 127.470 SL about the ve swing high Tp 122.300

eL-Professor

We have 2 options to enter this deal Option 1 for safe trade Option 2 for more aggressive trade (Close partly on targets)

eL-Professor Updated 

Sell Stop Order @ 1.08950 Stop Loss @ 1.09850 Profit @ 1.08000 Explain the signal : - Price declined at the top of channel. - MACD shows low momentum indicating for possible reversal. - breaking the trend line will confirm the reversal

eL-Professor

Buy now and aim 1.81250,, sl below shoulder We have broken trend, inverted h&s and very low momentum on MACD

eL-Professor

Try to buy above 0.74000 and tp 0.76000 sl 0.73350 Also we have inside bar in the daily time frame

eL-Professor

Nice chart pattern to go long no need for more explanation :)

eL-Professor

Pattern already completed and its great opportunity to go long

eL-Professor

EURUSD has been in down trend since 26/May but after price hit the 2018 key level at 1.12167 we saw how price consolidated so hard (indication of losing power) and maybe a sign for end of the down trend and a beginning of gain Our expectation if price could break above the 200 EMA is a test on the upper band of the descending channel then to break above to retest...

eL-Professor

AUDUSD has already confirmed the end of the down trend which started since 28/Oct/21, we will be looking for more gain in this pair Our initial target will be the nearest key level 0.72800 which started since 25/Aug I will be looking forward to know your opinion and expectation Feel free to click the like button if you wish to see more of my charting Have a...

eL-Professor

I believe we just finished wave (W) in the corrective wave and we are heading into wave (X) which expected to retrace to 50% of wave (W) I think we will have flat structure for wave (X) which is (3-3-5) A-B already completed within wave (X) and wave C within wave (X) expected to be 5 waves Alternative scenario : - if price fall below 1.16650 this will indicate...