rmonroez

rmonroez

Maybe I'm being a little optimistic but just keeping it simple and trading the plan. Price is at strong weekly support forming a Higher-High/Higher-Low structure. T/P 1 is resistance 1 and T/P 2 is resistance 2.

rmonroez

5 Elliot waves to upside... Daily Bearish engulfing a signal to short.... Elliot wave A,B,C Correction??

rmonroez

Seeing potential short if price falls to 109.45, I'd expect a retest of lower support area 107-108.5

rmonroez

Did 5 waves to the upside on daily timeframe. Hit strong resistance levels around 1.03444. Currently on wave 2 within correction wave A, which means wave 3 will drop soon. Im thinking a drop to 50% fibonacci levels.

rmonroez

If gold closes above the top trend line, theres high chances were continuing bullish. If gold closes beneath the resistance (purple horizontal line) we will continue bearish until the red horizontal line

rmonroez

We had a big drop last night. XAUUSD on a short term bullish wave. Now it looks like past support is new resistance. Im thinking there will be a drop to complete this corrective C wave, and then we may test resistance again and perhaps break through

rmonroez

I just published an idea stating the exact opposite of this. sorry about that. The ema's are about to cross and reverse to the upside. Long!

rmonroez

Crossing EMA's Pointing towards bearish trend. Bounced off 61.8 fibonacci levels. May hit 50% and then fall

rmonroez

EMAs showing overall bearish trend. resistance is 38.2. Should see a drop from there to 110's again.

rmonroez

EMA showing reversal on micro timeframes. Looks like were also on a wave C correction to the downside

rmonroez

Simple analysis on gold. Price has finished 3 waves to the upside and will now continue this short term bearish trend until the 38.2 levels. Afterwards we should see the final wave 5 push to the upside

rmonroez

Looks like usdjpy finished wave 3 and 4 within wave A to the downside. Testing 61.8 fibonacci levels, there should be one last drop to the 78.6 levels to complete wave 5 within wave A. Then B and C Follow.

rmonroez

USDJPY is on an abc correction to the downside. were currently on wave 3 within wave A. And within that wave 3, were also on wave 3. We should see a big drop. News coming out soon as well. should see lots of volatility. use proper risk management. On my chart here i have fibonacci, elliot waves, and pivot points.

rmonroez

Looks like eurusd finished wave one to the downside. It appears were on wave 2 now. Looking to take a short position around 1.06600-1.06685 levels. wave 3 comes next which should give us a big drop to the downside.

rmonroez

This is what i think is happening. Were on wave A to the downside. Weve finished wave 2 within Wave A so now were on wave 3.

rmonroez

Yesterday I made a mistake on my USDJPY idea. I was thinking it was doing a 5 wave impulse to the downside, but It isnt. USDJPY finished 5 waves to the upside and now we should see an ABC correction to the downside. Its possible wave B has finished, and now well see 5 waves down within this C wave to the downside. Another possibility is that were only on Wave A to...

rmonroez

Usdjpy hitting the trendline and the 38.2 fibbonacci level. Wave 3 Within wave 3 is next :)

rmonroez

EURUSD finished an abc correction to the upside and is now on wave 1 to the downside. Im going to short when wave 2 comes up and hopefully ride wave 3 down.