AUDUSD has rejected our correction channel finding support around the 0.7350 level. We have entered the trade long with a great risk to reward ratio. Will we see AUDUSD trade to the long side hitting our take profits or will we break this channel and continue to trade lower ?
EURJPY has found resistance at the 132.00 level. We have made a lower high and a lower low on the daily time frame, could this be the start of a new descending channel ? After a lovely pin-bar candle stick confirming a downward move we have entered EURJPY short with multiple take profits at key support levels. Stop loss positioned above the wick of the pin-bar...
After a complete Elliot-Wave 12345 ABC pattern on the 4HR time frame making wave 1 & 2 on the Daily, we are now expecting wave 3 on the Daily. Going down on to the 4HR time frame we can see we have made the 1st wave along with the correction wave 2. Price has held support at the 0.786 Fibonacci Retracement level. We have entered the trade long with a very tight...
GBPJPY has rejected a long term trend line with a lovely Pin-Bar Candlestick on the Daily time frame. This Trend line is also in confluence with resistance at the round number 150.00. Now that Price has given conformation with this candle stick we have entered the trade short as close to the top of the wick giving us a great risk to reward ratio if this trade...
AUDCAD has rejected strong resistance at the 0.977 level with a bearish candle, this level is also in confluence with a descending trend line adding to a short bias. Will AUDCAD hit our take profit at the 0.9712 level giving a total of 55 pips ??
After a double top on EUR/AUD price has finally broken out of its ascending channel. After a push down we have found support around the 1.5710 level before pulling back to find resistance at the 1.5770 level giving us confluence with the 0.382 Fibonacci retracement level. Will price hold this resistance level before its continuation to the downside or trade higher ??
Bitcoin/dollar has shown an Elliot wave 5th wave pattern with a ABC correction on the 4HR time frame , making this a completed wave 1 & 2 on the daily time frame. Price has rejected the 0.618 Fibonacci retracement level with strong bullish candles. Will we see a 3rd Elliot wave to the long side on the daily or break further to the downside ?
EURJPY is in an ascending monthly channel and has been in a descending correction channel over the past few weeks. Price has broken out of the correction channel showing an Elliot wave 123 pattern finding resistance around 131.70 level. Will we see EURJP correction wave 4 finding support around 130.00 level before a 5th wave completion ? Or will we keep trading higher ??
GBPUSD has rejected descending channel with a strong short Pin bar Candle. Will we see GBPUSD trade lower or break out of the channel and trade higher ?
EURUSD has show an Elliot-Wave 1234 completion pattern. Price has rejected 0.50% Fibonacci and has now moved above the 0.382% level. Will we see a 5th wave completion using any pullbacks as buying opportunities ?
USDCAD is in an ascending channel with an Elliot Wave 1234 completion patter. Price has been rejected from the 0.382 Fibonacci retracement level with strong bullish candles. Will we see a 5th wave completion ??