It will touch the area where the sellers start to enter to the market which is the higher low. It will retest. And if the below trendline broken, it will become seller zone.
Points to note:
1. Good momentum
2. Broke previous swing higher high
3. No sign of reversal
4. If that green line is broken then long for first target at blue rectangle and then second green line..
5. If reversal is seen short for targets at orange lines..
Market commentary:
1. The wave "X"(blue color) is in progress.In that the intermediate is also in W,X,Y formation.
Mentioned in redcolor.
2. The wave "X" could be either running flat or expanded flat. If it is running flat it has
reverse before the wave "W"(redcolor) expanded means it has break the wave "W"(red color).
3. Understand the correction...
Hi, Trader
As i am observing on chart that price is in consolidation. but the possible trend is down so every pullback is a opportunity to take short position
If any possibilty to buy get that trade only when you have good money management. Y " wave is question mark because if we focus on w " wave it is also a three wave corrective structure from that point may be...
Watch out with this pattern, a good volume indicator could be the secret weapon for this figure.
Wait that the pattern almost complete and set long positions with a buy stop on 1.29183 to confirm the figure
-enjoy the profit!
HI GUYS ONLY FOR EDUCATION PURPOSE
USDCAD ELLIOT WAVE FLAT CORRECTIVE WAVE FORMED
KEEP WATCH AND SELL OPPOURNUTY
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should...
SHORT TIME MAKE GOOD PROFIT PLEASE KEEP AND WATCH...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for...
We have just gone short on USDCAD after seeing an engulfing candle on the 4hour as well as confirmation on the bollinger bands.
As you can see our STOP is right above the upper band and will be looking forward to seeing price go downward as well as pick up some momentum. USDCAD
We are also keeping track of USDCHF as the setup is the same except that the...
USD CAD Long set up this week as MA 20 turns sufficiently while RSI value close to 50 ! If it moves above 50 then USD CAD might move up more this week
USD CAD BULLISH OPPORTUNITIES this week
As per my wave analysis, price is in consolidation on DTF and should remain so for a long time before any movements. Hence, it will be range bound trading for now..
