Wait for confirmations before entering this idea. 1H and 4H candle confirmations is ideal.
EU made an awesome rejection impulse at a key support area. Market closed with a strong push to the upside. Its only natural and necessary for there to be slight correction before the confirmation and continuation to a longer term movement. It's very possible to see a second attempt to test the last support at which the market bounced off. The failure of that...
The risk : reward ratio is outstanding! Best of luck.
EU Seems to be showing strength to the upside after a long time of consolidation. Without getting too far into the fundamentals, the US Gov. Shut down is NOT helping the Dollar at all. As the market structure forms, a possible pattern could be a cup and handle; one of the strongest bullish patterns there is. Illustrated, is the forecast and how this pattern...
Gold approaching a key resistance area; 50.0% of Fibonacci Retracement of this year's bearish impulse. Illustrated is the swing support to which the market could make a correction movement (pullback) before continuing moving within the uptrend channel illustrated in dotted lines in color blue. Best of luck!
Price should look for the 161.8% Extension after breaking a key support area. Best of luck! Felipe Ramirez Founder & Owner Trading Simple International
Price seems like it's making the right shoulder of this head and shoulder pattern. Distance from head to neckline = distance que market should extend after the breakout of the neckline. Best of luck!
Possible Head and Shoulder formation on EU Trade the breakout Best of luck!
Elliot Wave Analysis: I've tried to make it as simple and clean as possible: Corrective wave 2 finished: ABC (iii) Impulsive Wave on its way and we could see a long way down for EURUSD in the next couple of months Are you in this trade!? Best of luck -- Felipe Ramirez Owner & CEO: Trading Simple International Instagram: @tradingsimpleint Instagram:...
Elliot Wave Anlaysis I've tried to keep it as clean and simple as possible, showing you all the different sub-waves and waves; impulsive and corrective, along with a couple of patterns. We can see price respecting an uptrend channel creating higher highs and higher lows; therefore we must go with the trend. As you can see, the corrective wave (ABC) has...
Here is a Wave analysis on EU, key points and possible trading opportunities: I've tried to keep it as clean and simple as possible. We can see price has made an ABC Corrective Wave (ii), followed by the first 4 waves of the Impulsive Wave (iii). Price has already began wave 5 to which is only on its sub-wave 1. Price should make sub-wave 2 and then continue...
3 POSSIBLEOUTCOMES: Illustrated in white, orange and pink If you check back my analysis, i've projected GOLD to drop toward the 1130s since it broke a weekly trendline a few months ago. In a longer term, gold has been falling quite fast. It wasn't up until a couple of weeks ago, when the USD took a hit because of tariff sanctions and a few other fundamentals,...
Here is a waves analysis on EJ. I've tried to illustrate it as clean and simple as possible. We can see price breaks an uptrend channel and formed wave (ii). Price has already started to show some strength to the downside after also breaking through EMA180. Objectives: 0.00% extension near 126.650 1.27% extension near 124.900 Best of luck!
Im trying to visualize a Head and Shoulder on GJ. Possible outcome, but first there must be a correction. Short term sell, long term buy. Best of luck!
Possible longish-term ascending triangle on GJ.
Price seems to have respected the downtrend channel by forming a bearish engulfing candle illustrated in orange. Price could make yet another long drop toward the support trendline of the channel. Best of luck!
We can't ignore a possible retest of the broken trend line and a major pivot point near 1210s. Long term bias: LONG Best of luck!