- Possible long on USD/JPY with corrective wave 4 of elliot wave - possible target profit of 38%/ 50%/ 62% of fib. retracement from wave 2 to 3 - or wait for corrective wave to finished at the given level on the chart upon candle confirmation on a smaller timeframe
refer to chart for detail. will enter long after confirmation of candle stick reversal pattern.
Earlier on today we posted our analysis on EURUSD. For further info do click here Anyways, referring to the 1 hour chart, there's a possibility of a regular bullish divergence. Will the price bounce off?? lets wait and see let the market work its magic. Happy Trading all
Greeting traders, Referring to the chart above, there's a possibility of good long setup for EURUSD. Reasons are: 1) Wave 5 of Elliot waves 2) Bullish shark pattern 3) Price is hovering over demand zone = support level 4) Price is currently at 38% fib retracement (wave 1 to wave 3) Take profit zone 1) 1st supply zone = the same length of wave 1 2) the 2nd level...
refer to chart for details. ps: Please do not take this as a trading signal. This is just our thoughts on the market movement. Thank you for viewing. Cheers, Movingwfx
Please refer to chart of details. P/s: This is not a trading signal. It is just our perspective of the market movement. Thank you for viewing. Have a pleasant day
refer to chart for detailed analysis. p/s: This is not a signal - just our perspective of the market movement. Have a pleasant Day
refer to chart for details. This is a hour chart
Going long on GOLD. Refer to chart. 1) Bullish Harmonic pattern - potential TP at 50% - 62% (= supply zone) 2) Cup and Handle - break and retest of the neckline suggest the price could go further up 3) Bullish Flag from the cup and handle - TP near 2nd Supply zone - 50% 4) Price action showing higher highs and lower highs Currently waiting for opportunities to...
Possible short entry on GBPUSD after the retest of support turning to resistance. This is also in line with:- 1) possible swap zone area demand turned to supply zone 2) fib retracement level - 50% - 62% 3) high chances that price might go back to retest the resistance level since RSI is showing bullish divergent Look at the chart for further details. PS: This...
Hey all, Our thoughts on EURJPY. Our first Take Profit is around $140 zone. What are your thoughts? Much Love, Movingwfx
Hey traders... here is our analysis on EURUSD. Let us know your thoughts. Much Love, Movingwfx
Hi all, Our analysis on GBPJPY hasn't changed much since last week. The trend bias is still bullish. If we go to the weekly chart, last week the candle closed as a bullish inside bar. Where the mother bar is a bullish engulfing bar from the previous 2 weeks. Hence, our bias is still bullish - other than price is still above EMA 200. As of now, price seems to...
Good day Traders , It been a while since the last time we traded Gold. But few days ago, price managed to break and closed below the major support (with high volume). This could suggest that price might move further south to the next level of support on weekly. Reasons:- - EMAs 8 and 21 has already crossed on the daily TF - there's a descending triangle =...