Today's move created a new wave-c of wave-2 . Still the bias is for downsouth as wave 3 going to unfold. Refer to the last update attached in the link.
After giving a huge upside rally, tesla is about to lose its pace as it has reached in the last phase of a five wave structure. The fall will begin soon as a corrective downside journey. The target level can be expected to the previous 4th wave.
The past week we clearly see several retest on the Gbpjpy resistance levels and before the market closed last week we clearly see a break and rest of our previous resistance which has formed to be out newest support. With this clear break and retest i expect a good buy.
As per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get...
Long ago a surge in GOLD price rally stopped in the year 2011 & the point has been designated as a primary wave-5 by all the elliottician. From that level we have seen a correction upto the level of 1045 $. A nice corrective move.Right from that level GOLD price raised up & currently trading in a all time new highs range. But this rally from the lows 1045$ is...
Everything explain on charts
level and forecasts are explain on chart FX:USDCAD
Please Support this Idea with LIKE if it is Useful.... AUDCAD The price is close to Support/resistance level ,wait for the confirmed breakout and retest to sell,after a pullback If price shows rejection from the level I expect the price to continue lower.. For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for...
As GBP/INR has diverted from the support level this seems to be the best time to go long on GBP/INR and gain profits.
will go SHORT on AUDUSD because: 1) The price is forming a Chanel or Rectangle Pattern . 2) The price also broke the trend line . 3) The price is also under Support/Resistance zone. 4) It has touched the resistance. 5) Target would be the Support area . Book profit when it reaches the support zone . ENTRY : 0.71610 FIRST TARGET : 0.71373 STOP LOSS : 0.71633
I would short GBPUSD because : 1) It has touched its resistance area and may fall again 2) Entry : 1.31288 Stoploss : 1.30600 Target : 1.31372
I will go LONG on AUDUSD because: 1) The price is under Support/Resistance zone. 2) It has touched the support and may reach the resistance zone . 3) Target would be the Resistance area . Book profit when it reaches the resistance zone . 4) The price is also forming a Chanel or Rectangle Pattern .
JPYINR is currently trading near a very strong support zone of 0.6980. The 100 days EMA , the golden fibonacci ratio of 61% and the trend line has supported the price on multiple occasions previously and now again the prices have come near the support zone . So if history is any guide, then we can expect an upmove from this level for the targets of 0.7145 which is...
Traders can use and follow my account...Don't Worry about what the markets are going to do Worry about what you are going to do response to the markets...
Blue horizontal line : importance levels Orange horizontal lines : buffer levels Blue diagonal lines : trendlines Pink boxes : buffer/reversal zones Disclaimer : This chart is just my anticipation for the upcoming week. I do not recommend following or trading on the basis of this chart.