Tradenessfx

Tradenessfx

Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ). LONG Entry: - Look for...

Tradenessfx Updated 

Hello traders, Bitcoin is moving inside the 60k- 74k range making a complex ABC correction. We are currently in wave B and expecting it to finish above the recent all-time highs and at the -1 Fibonacci level. Short Entry: - Watch the rejection at -1 fib level - Entry at breakout of ascending trendline - Stoploss: Above the highs after entry - Target:...

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Hello traders, EURAUD has been moving sideways for a period. Expecting this sideways movement to finish at 0.786 - 0.88 Fibonacci levels. SHORT Entry - Watch the rejection of the sell zone. - Look for a reversal pattern in that area. - Stoploss: above the highs - Target: 1.63592 ( -0.27 fib ) Goodluck and trade safe!

Tradenessfx

EURUSD has been recently moving in an uptrend. According to Elliott waves, an uptrend has 5 waves where we have 3 waves in the form of an impulse and two waves in the form of a correction. We are currently in wave 4 ( Correction ) and looking for wave 5 ( Impulse ). LONG Entry: Watch for a bounce-off Wave 1 structure that lines up with the 0.5 Fibonacci level...

Tradenessfx

In my last analysis, we were expecting EURUSD to retrace to the golden zone where I was looking for buying opportunity. Unfortunately, the price broke the highs and continued moving to the upside. Our main goal was to buy EURUSD targeting areas above 1.090. So what we did was that we waited price to come back to an area where we had at least two...

Tradenessfx Updated 

EURUSD has been in a complex correction for several days. Looking for price to complete its retracement to 61.8 - 78.6 fibonacci levels where we'll be looking for buying opportunity. LONG Setup: - Watch for a reversal pattern around fiboacci levels. - Stoploss: Below Price after entry or below recent lows ( safer ). - Target: Recent highs and -27 fib Good...

Tradenessfx

Hey Traders, We'll show you how you can find an easy trade with a high risk-to-reward ratio using some basic concepts. - Step One: Spot an uptrend where you have higher highs and higher lows. - Step two: Spot the last break of structure. - Step three: Use the Fibonacci tool and connect it from the recent lows to the recent highs. - Step Four: Watch prices...

Tradenessfx Updated 

Hello Traders, It looks like Wave B has finished and now we are in Wave C. LONG Entry: 1. Watch the breakout of the current impulsive move. 2. Watch for a bounce off fibonacci Levels 3. Enter with stoploss below Wave B Have a good weekend and trade safe.

Tradenessfx Updated 

EURUSD is still in a downtrend, experiencing expanding corrections along its path. Watch for a rejection at the 0.5 Fibonacci level, then move to lower timeframes for entry. Once entered, your stop loss should be placed above the rejection candle, targeting the recent lows and the -0.27 level.

Tradenessfx Updated 

Expecting a rejection at the sell zone where we'll be looking for sells. Once we get there, jump into lower timeframes and search for any reversal pattern. Your stoploss should be above the sell zone after entering targeting 0.786 fibo level.

Tradenessfx Updated 

ZIGZAG Pattern is made up of 3 waves were Wave A has 5 impulse waves, Wave B has 3 corrective waves, and Wave C has 5 waves. Our main focus is riding Wave C once wave B finishes its retracements to fibonacci levels. Ideally, Wave A = Wave C. This means if Wave A made 20% move, Wave C should do the same.

Tradenessfx Updated 

Hello Traders, We are still expecting EUR weakness for the coming week. SHORT Entry: - Once we get into 61.8% - 78.6% fibo. Jump down into lower timeframes and search for a break of structure or break of trendline for entry ( Refer to the example below ) . - STOPLOSS: Above NFP high. - TARGET: Recent lows and -27% fibo Will keep you updated as price...

Tradenessfx Updated 

Hello Traders, By looking at AUDUSD, We can see that the price is moving in a corrective way which means that the bearish move hasn't finished yet. SHORT Entry: We are breaking now the ascending blue trendline. If interested in shorting, your stoploss should go above the recent highs or above the 50 Fibonacci level targeting the grey zone and -0.27 level.

Tradenessfx Updated 

Hello traders, Will start our analysis with the US index which will help us identify market movements for the major currency pairs. By looking at DXY we are expecting a Zigzag pattern to be formed. According to Elliot Waves, a Zigzag pattern has 3 waves labeled A,B, and C where Wave A= 5 subwaves, Wave B= 3 subwaves, and Wave C = 5 subwaves. We can see that we...