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Impulsecorrectionimpulse

XAUUSD ShortAs we can see trend on Gold has been changed, Gold has made lower low and lower high. Now gold is on correction zone, and I think this is a correction for Short. weekly candle in Gold is closed Engolfing, this is one of the confirmations that gold should gain some liquidity and continue towards to sell. The most important News of the month are coming, I think FOMC meeting minutes and NFP will be positive for USD and will also help the sell in Gold. I think that we should try to achieve the highest point for Sell. First and important target at the point: 2270 and stop loss 2365
OANDA:XAUUSDShort
by Lamy
EURAUD Euro is smashing the Australian DollarFOREXCOM:EURAUD After a long time daily downtrend its seems that euro want to be strong; and after reject from a monthly support and trapped in a triangle; We expect that price go up and reach to the top of the triangle. In other words, after the weekly impulse and complete the correction until 0.786 of fibo Retracement, my expectation is the price will break the resistance and makes higher high. but because of time and some economic news that will release in the next week i will put my T/P under the resistance. Then if the market shift from the bearish to bullish we can make a long position. WHAT DO YOU THINK ??? ENTRY PRICE = 1.54950 T/P = 1.56500 S/L = 1.54450 Risk/Reward Ratio : 3.10 PLEASE PUSH THE 'LIKE' BUTTOM IF YOU ENJOY!!!
Long
by vr_shabanian
ORBEX: AUDJPY - End of Correction Nearing, Then Down! It looks like the corrective intermediate wave is going to end soon. The recent attempt to push prices higher is most likely going to end with a minor C or Minor Y. -Minor C: a) The correction takes an A,B,C formation. That would see wave A undone as minute wave 5 is not yet completed and could take C anywhere between 75 and 78.45 b) The correction takes an A,B,C formation. That would see wave A ended at 71.80 and C at 74.50 high. This would allow the current upside wave to be a corrective one too! -Minor Y: a) The correction takes a W,X,Y formation. That would see wave W ended at 74.50 high and wave Y to complete anywhere between 74.88 and 78.45 b) The correction takes a W,X,Y formation. That would see Wave Wended at 74.50 high and Wave Y to form a more complex pattern (likey a flat) but still trade within the limits of a) The current upside is part of the bearish intermediate wave, which could have prices sliding down to 61 long-term, 70 in the medium-term. This opportunity would be invalidated above 78.50 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
Long
by Orbex
ORBEX: EURNZD - Will This Correction Increase Long Bets?It looks like the corrective minuette wave ii completed or it's going to complete its bearish course near 1.7156/1.7300. The recent attempt to push prices down brought the pair lower where a subminute ,otive wave can be expected. This would add to validation components that could have minuette iii completed. SHould that effectuates, participants could look at the completion of minute iii, and perhaps minor 3. As part of the correction, we can also expect a more complex decline. However, so far market structures hint to a simple corrective formation. The current decline could go down to 1.70 without getting invalidated. This would form a complex flat pattern with the minute ii being shifted. The short-term opportunity would be invalidated below1.7156 with short-term signs of failure appearing below 1.73 (unless if this turns to the upside any moment) Can also expect a double bottom at minuette ii Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
CHF/JPY 4-HOUR TIMEFRAME SHORTSo the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and the target does not change as always, at the bottom of the flag pattern. Let there be bears! And may the force be with you, as we wait for the Star Wars movie to drop!
Short
by munyaelliott