Waiting for Sell OpportunityWaiting patiently for this pair to correct up to our trendline. Be patient people, no early jumping.
Abcpattern
Shortterm downsideSee some more downside ''Possible C-wave'' completion
Potential move up near-term..
Watch for possible ''ending diagonal''
on lower time frame for market reversal
Potential ABCD Bearish Pattern OANDA:AUDJPY
Oportunity yo short AUD/JPY with the completion of the ABCD pattern on the 30min. Chart
EURCHF, 4h ABCDAn ABCD pattern is forming on EURCHF, 4H. try to buy till the first fibo. 40 easy pips
GDPUSD keeping an eye on it !!!It looks like the gdpusd is offering a good edge, Risk/Reward ration 6.15 !!!
2 DIFFERENT WAYS TO BUY EUR-AUDON THE DAILY GRAPHIC THERE IS A FLAG FORMED AFTER THE MOVEMENT bullish , WAIT FOR THE BREAKOUT OF THE SAME AND BUY !!!
7/31/16 - USD/CAD - LONG - "ABC PATTERN COMPLETETION"After capitulating last friday bulls are poised to take back some ground lost.
Overall my trend bias is bullish
My prediction is that price action will AT LEAST hit psychological level of 1.31000
Retrace a little bit and then sky rocket to a FIBONACCI CONFLUENCE
- MONTHLY 38.2% RETRACE
-1.271 FIBONACCI EXTENSION
Go Long Once Resistance BreaksGo long with the ABC pattern once price closes above the resistance at 150.60.
Short AudUsd, Possible Correction ElliotwaveI expect a C wave down to complete the Zig Zag. Wave (A) five waves down, wave (B) three waves up and waiting for the next (C) five wave down.
HOW I TRADE (VERY HELPFUL!!)HOPEFULLY THIS HELPS YOU GUYS!
REMEMBER TO HIT THAT LIKE BUTTON!
GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED!
THANKS
TOM
Short Gold at 1255 on Upper Trend LineThe gold daily chart has a lovely symmetrical upper trendilne to it...Im expecting a short at 61.8% fib retracement ($1255) as todays move up was too strong to short gold from a lower level and experience tells me that traders nearly always push the boundaries to the limits... the chart tells us we will hit this trendilne and 61.8 fib on Wednesday 8th June, do not rule out a fake bullish breakout up to1160/1165 so not a trade for a tight stop loss. This should see an end to the correction and the beginning of the next wave down to $1130 - $1170 by end of June.
SBI Counter Trend Trade : An AnalysisMarkets always has tendency to fill gap zones.
If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone
1618 is more valid ratio & we can expect market to move up after reaching the zone.
ABCD pattern completion also in same zone.
This is 4h chart of SBIN so will take time to complete, just keep it your radar
Happy Trading !
CADJPY SIMPLE ELLIOTT WAVE APPROACH (123)If you missed the short opportunity @ the 50% retracement of wave(1) , no need to worry as there is still plenty of opportunity left in this market.
For starters , "The Trend Is Your Friend".
We are currently experiencing LL's & LH's so lets stick with it.
Entry:
You can enter short @ the break of wave(2)'s Low
Stop Loss:
Above wave(3)'s high.
TP:
You can take profit @ the distance between wave (2) - wave (3) projected below the break of wave(2)'s Low , also the 161.80% Fibonacci Level.
Alternative more aggressive TP:
You can trail the stop candle by candle.
Happy Trading
-Supreme7
3/08/16 SCALP SHORT USD/JPYMost likely gonna hit 38.20% at the psychological major structure level
108.00
Gonna Watch Price Action after to indicate direction
