LPRO long Market is finishing 1 to 5 Elliot wave theory, and we are expecting an ABC correction to the opposite direction.
and an entry after the retrace to our buy zone.
Elliotwaveanalysisexplained
Could Ethereum make a correction toward the $490 USD?it's possible, for that reason I prepare for you to have a plan to shorting Ethereum and get benefit of this trades possible.
So guys, lookin in 3 Daily chart, the candlestick show us weakness and maybe a possible correction it's so nearest both for Bitcoin, Ethereum and the rest of cryptocurrency.
In that case, Ethereum have a multiple possibilitie that will occur. Now, looking the studying of the elliot wave analysis. We see that Ethereum it's into this correction #4 to review. And then, we could see this situation of the market. So, we are not completely this correction yet.
But. looking the weekly timeframe. my other perspective it's that we could to see the end of the bull cycle to then, we are looking a formation of ABC correction pattern. So, I believe that weekly chart it's moe precise than 3 Daily chart.
But that it's theory!!!
So guys, in some minutes, I will going to update this par Ethereum/Dollar to know if the trayectory it's okay, becuase we're in profit from $550 USD entry in long position toward the $616 USD.
Short Position: Sterling Pound into the bearish movementHello traders, In this analysis, we see another short opportunity for the British's currency to sell it. Because guys, as Sterling has the bad news of the previously week, this specualte news the U.K. ministry decide it to put bad news for this week about the No-Deal Brexit strategy.
On H1 timeframe we are in the clear bearish chartist pattern, that is a bearish rising wedge descendent's triangle, and the movement is continue to shorting this par, Also, if we compare the latest movement using the arrow, in H4 timeframe there is an example, we take a conclusion that Sterling is leadign to the $1.25 USD and that is a drop so near of 300 pips that we could to find down it for our benefit.
So, I put a short position and then, we expect that Sterling Pound activated my sell order at $1.2807 USD with a SL at $1.2858, that is 51 pips of SL and my take profit is $1.2512 USD, that mean 280 pips.
So, guys in conclusion, this par it's one to take benefit this week, while the Sterling is goes to weakness, that trend is not to wait to stop the trend, also, in H4 timeframe I use the Elliot Wave model, that we are in the formation of the Elliot Wave # 3
Guys, if this idea is support for you, give me a like and I consider that all technical analysis it's work for you!!!
