In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF . One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
It is on the verge of a H&S breakdown suggesting 74.40/74.25 if 75 is breached.
In the year of the Rat, the Chinese at Wuhan decided to opt for the Bat and that lead to USD INR giving way to the Dragon! :) =)) :))
FAILED TO BREAK 2019 HIGH AND DROPPING IN SHORT TERM OVER ALL LONG TERM ONLY
GBPJPY IS CURRENTLY IN A DOWNTREND WHICH IS MOST LIKELY TO CONTINUE TILL THE LAST SUPPORT LEVEL GIVEN. TRADE BETWEEN THE ZONES AS PER THE CONFIRMATION OF THE CANDLES. TRADE SMART.
AUDCAD SHORT Trade Parallel channel Formation 10k$ position size lets hope for best thank you
Seems to be bearish right now on daily basis breach below 69.3level will be taking it to the level of 69 and 68.5 and then we can see a likely retracement as per the descending triangle on a bigger picture
Patterns and levels are mentioned in the chart. Purely for educational purpose.
can take 2-3 weeks to show a negative candle. if candle close below the 1.36538 than go short . profit and stop loss targets are given in the chart. it will be a long term trade.
#3 I leave this chart for educational purpose because I really didn't enter here but i definitely traded it in my demo acc. Confluence 1: Formation of a perfect head and shoulder. Confluence 2:Breakdown. confluence 3: Retest with a decent bearish candle. Stay humble. Stay blessed. Work hard.
#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good. Anyway, lets begin. Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it. But later, when i...
EUR CHF - Daily. We feel the pair has broken out of Downtrend as lower highs has been broken. However, still it cant be said that the pair is in uptrend. Prices are reversing from the resistance zone. Will have to wait till the breakout above Resistance Zone for saying that the pair is in uptrend.