Further weakness in m15 chart. Good Risk to Reward for this idea.
JPY is ready for some corrections. Tried shorts in GbpJpy, but got stopped. Looks still good for Jpy correction so trying in UsdJpy.
GBPJPY has had a good run up in recent months without any significant correction. Looking for some correction here.
GBP is ripe to see some strong correction. Looks like bull trap at highs. Usually over several charts it has been seen in history that strong spike ends the continues trend if not permanently than temporarily.
FTX:BTCUSD Continues bullish since last 4 months which has strong bullish wave. Looking for some strong corrections in coming days / months. KEY here is to time the market right. I am going to look for good shorting opportunity keeping in mind that the overall trend is bullish. Hence looking for correction here is not very bad if you are aware of market /...
Bought some AN on completion of Wolfe Wave pattern, lets see where it goes from here.
Last week we established bearish bias & it pretty much unfolded as we assumed. I see lot of people getting excited about the down fall but in my view, things have not changed much. The pair is still range bound & has obstacles on both ways every 30-40 pips randomly. Currently the intraday approach for banking 20-30 pips is best strategy IMO. Still preferred...
Selling with outlook that the blue line will hold price below. Break above & close above 1.2940 will invalidate the setup & we should take loss. Targets are mapped according to symmetrical movement.
This pair is at very good level to go short. After forming double top 0.7000 handle, the price has collapsed heavily & broken the TL. Close the short position if price breaks back above 0.6900 handle.
Most important thing one should note in this chart is not the decorations of patterns, lines & labels..... The important thing in this chart is horizontal level 1.1670-1770 level, which is very significant. If it breaks above that with significant momentum then it has all the chance to visit 1.4000 handle & if it stay below & drops then it will test 0.8750 handle.
This is how I see this pair moving in coming days / weeks. Elliot wave analysis fits good in this pair at current movement. Lets see how it will work.
We have seen 2000+ pips drop on this pair without any significant retracement. Now when it has formed wolfe wave at current level, can it be bottom ?
2.150 remains to be key level still for bullish trend, however as of now we have broken the falling trend line which hints for more bullish move in coming week. Looking for H&S formation in this pair, it might never happen but I m chartist so I will let my imagination float wild. I m already buying from 2.060-70 level & I will add more on pullback on retest of...