EURUSD. Possible triangle. Continuation to the upside.There is a possible Triangle consolidation pattern.
Target is located at the 1.2250-1.2350 area.
Abcde
Last Correction [(after $3,000 peak) (Possible Third Scenario)]Just looking back on history, I see an ABCDE wave with 3 lows. Sometimes history repeats itself. Wouldn't be the first time. Just another possibility of the corrective trend we are in right now. If this is the case then we are in for another low point (Which holds true to the general 1st scenario I posted), and it touches the 38.2% Fib retracement. I doubt we are going to $1,900 in the $5,000 peak though. Probably near the 50%, or so. Around $2,500-$2,700.
Just another idea I had. I try to figure out many possible scenarios. Essentially this is gambling in my opinion, but the odds are much better.
Confirmation for a target price of $55-56 in the next 8-10 hoursSymmetrical triangle forming, volume decreasing, stoch rsi and macd following expected trend.
For swing traders, short at 61-62 and long at 55-56
EUR/CAD - TIME TO GO LONG?The pair has been in consolidation for the past 2-3 months in what seems to be a Triangle correction according to my own wave analysis. It is now reaching the bottom level of the Triangle (C) and has shown a few signs of reversal and an opportunity to go long as indicated on the chart (Hammer + Divergence). Therefore I'll be waiting for a few more confirming signs and then buy for a ride back to the top (D).
Trade safe and do your own due diligence before executing a trade.
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DigiByte Accumulation and Long callThe first quarter is promising good developments for the DigiByte devs.
A close above 30 could signal the next bull up. But if it breaks below 29 we could see 25 - 20
Could also be more sideways in accumulation.
waiting for down move and then long !!!watching the eurusd moving in the channel
wait for D level and then long for E level target !!!
LONG Call with above cloud. Some nice opportunities between CDENice LONG setup here. Expecting a small pullback to the green support line signalled by Stoch and soon RSI , although looking at past patterns in FCT this could well shoot up before that.
There is space here to make some profits as we climb to D with a sell and re-buy at E.
Stop-loss could be just under the green line drawn however this could be a bit tight and the lower red support line would work better.
waiting for an entry point on gbpusd ...gbpusd is confused and all we can do is wait for a decision whether it will go up or down @1.2420
Patience :)
GBPUSD: Sell the breakoutHi traders,
On the GBPUSD 15min we have a potential ABCDE pattern forming after the impulsive move. Entries are either at E or after the breakout.
Cheers
EURCAD SHORT THEN LONGWe are currently waiting for the completion of our trend continuation pattern. When we reach the upper trendline watch for signs of reversal to enter short. After this you should scout out opportunities to go long on this pair. Best of luck
Shorting GBPNZD SoonHey fellow traders. Today I am watching for GBPNZD to come up to the .618 area to complete our pattern in order to enter short. Keep your eyes out. Good luck and safe trading
EURGBP Daily StructureI am watching for price the .83000 level. Here and only here will I look for a buy setup for this pair. If price decides to break the area then the idea will change.
ABCDE TRIANGLE IN USDCAD - DAILY CHARTHi people,
I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D-
If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend.
Now we have broken that channel up and it's broken the trend from -C- to -D-
I expect the market to make a flag and then I will buy the brakeout to get a nice short term buy.
However, my trade is the sell from -E- And that move can triple my account!!
Carlos
NZDJPY Short on Completion of E legI am watching closely the completion of the E leg of our ABCDE structure. If price looks to bounce off of the area I will short this pair and ride Wave 3 down.
GBPCAD Triangle formation may formHi fellows, i was expecting short move on this pair. Although that move is about to complete. It seems to me that bearish move is not aggressive and may rise back to the upside again. Once price will hit the bottom i will look for long at bottom based on price action. If you are looking to buy on this pair please wait for the price to hit the bottom and look for price action before buying. No early entry please. I will try my best to update this idea on time. Thanks for your support fellows and good luck.
Buy The Low and Hold ItHere is the bigger picture for AUDCAD as well as a smaller time frame view. I will watch for a buy setup at the bottom when price hits the trendline and hopefully we will see wave five to the upside.
USDJPY. Triangle Blitz on 1H chart.I usually don't publish short term ideas.
Ok this one is quick and dirty.
Entry now (117.53)
Stop below wave (E) 117.08
Target = 119.36
Risk/Reward 4
WAVE CORRECTION ON EURUSD - WEEKLY CHARTWE HAD A LONG DOWNTREN IMPULSE FOLLOWED BY AN ELIOTT -ABCDE- CORRECTIVE STRUCTURE ALREADY LOCATED ON THE D POINT AS YOU SEE. WE ARE GONNA WAIT FOR THE -D- POINT TO BE CONFIRMED AND START TRADING UPTREND TOWARDS TO -E- AND THEN DO A LONG TERM FOR THE NEXT DOWNTREN IMPULSE!
HOPE YOU LIKE THIS!
CARLOS
