josephdahrieh

josephdahrieh

Silver retested a neckline that will act as a major support. a bounce is needed in the coming sessions to activate the scenario and the target is 28$ per ounce.

josephdahrieh

swissy is trading near critical area again if the above scenario is correct we might see a wave 5 targeting 0.8500 again in the medium term. lets wait for a reversal signal near this triangle resistance.

josephdahrieh

Bitcoin to find some pressure with a 3 wave pullback before any continuation might happen in the future. retesting previous wave 4 is a must near 56k. 5 clear waves are shown on the above chart.

josephdahrieh

UsdChf is in a pullback after stronger dollar yesterday because of the inflation Data. i still see that the upside is a dead cat bounce and will continue lower in the near future. be aware of the blue box

josephdahrieh

looking for this pair to retrace as a corrective pullback and retest previous wave 4. buying from current levels is high risk however for scalping i would recommend a bullish view. we might see more selling pressure in the future

josephdahrieh

do not sell gold we are expecting a pullback from current levels or from 1830 level, however we will be looking to buy the yellow metal near 1794-1787 area i see this wave as an impulse with 5 waves up.

josephdahrieh

tis is clearly the impulsive elliott wave count on OIL i will only invest in OIL under one condition which is waiting for a pullback to long again. 78.30-76.50 is the area im looking for wich represents previous wave 4.

josephdahrieh

Traders Silver is under performing when it comes to precious metals. the previous fall completed a retest of previous big wave 4 so the current count up im considering impulsive that means more room for upside momentum. first target is 25.50 however if broken we can see easily higher numbers. the trendline is not what it takes to enter a trade but i like it in...

josephdahrieh

Aussie dollar completed 5 waves clearly and now we are looking to see a pullback on this pair however the pullback is corrective. i am looking to long the pair again when revisiting previous wave 4 that means near 0.7330. the Aussie is outperforming all the other currencies and that is because of the rise in Coal prices bcz of inflation and Australia is on of the...

josephdahrieh

swissy completed 5 waves within a leading diagonal of wave 3 that means any pullback will be an opportunity to sell and target new lows. i am looking forward to see 0.9020 as a first target. watch closely any retracement!!!

josephdahrieh

the Euro Pair has proven that the last move up was not corrective however impulsive, that means any pullback towards 1.1590/1.1580 we will be looking to long the pair. lets not mention that the dollar index is falling and retreating from highs against most of the foreign currencies.

josephdahrieh

the side ways movement in gold is coming to an end and the triangle is almost done, either we see a bounce from current levels and we get the activation by breaking 1793 level or we get a pullback to 1740 level to complete wave C of the triangle but in both ways any retracement is a buy Signal.!!

josephdahrieh

Gold might be preparing for a complex corrective wave that means the buying area will be near 1740/1748 levels. don't get me wrong this scenario might not happen and we might see a surge in gold from current levels but you need to calculate the risks of a possible pullback. 1856 is a medium term target with current uncertainty in the capital markets- inflation-...

josephdahrieh

Hello Traders, EurUsd completed 5 waves down with a potential 3 waves pullback targeting 1.1660 as a first target if broken we might look into a deeper corrective pullback and might change it to an impulsive wave. for now i still prefer longs with respect to 1.1520 stop loss. current wave might be labeled as (b) or (2).

josephdahrieh

many traders out their when they look into the weekly chart of USDCHF find it attractive since it never bounced in a corrective manner nor impulsive, and i agree long term there is still more room to go up. but short term i still see some pressure from the DXY on this pair and we might target 0.8500 level before turning bullish again!! Good luck!!

josephdahrieh

Gold proved several times after completing the downfall and targeting 1680 as a double bottom that the retracement at the first place from 2073 dollars an ounce is still corrective. all the advanced yet the classical technical analysis is showing a momentum and a possible surge in gold prices in the medium to long term. lets not forget the inflation effect on gold...

josephdahrieh

any pullback on the pair GBPUSD will be a good opportunity to long. if you are a risk taker you can start buying from current levels however do a correct risk management because we might see a 3 waves pullback as wave (2) before the surge can happen. will look closely into this trade because if we completed the corrective cycle the upside potential is hugeee!!!

josephdahrieh

Morning Traders, Usdcad pair completed a 3 corrective pullbacks and is starting a new impulsive wave in which we have finished a 5 minor waves inside. we are waiting for a wave (2) pullback before selling again the pair. sell limit orders as shown in the chart near 1.2710 level with an open target. good luck!!