UPDATE FROM YESTERDAYS TRADE: After the sell off this morning EUR/JPY is re testing its 4h trend line which came into play yesterday, fresh lows of 133.90 but failure to close at these levels show potential further downside to my target of 133.50. RSI is still holding its downwards trend, plus Ichimoku shows that we've had a cloud crossover as well as a TK...
Dear traders, in my last analysis I indicated that the bears (should) get ready - slowly but steady. And here they come, roaring and shouting, showing off how fast they can pull the rug out from under the bulls feet. So where are we at? Is It A Trap? Based on my analysis and expectation: No! It fits into the big picture and goes conform with my DAX30 analysis...
Looking at the EUR vs USD H4 chart we see price finding support at the Kijun level at 1.12270 slightly below the fractal support at 1.12556. We will look to take a long trade as price bounces on these levels. With price being above the Kumo and all signs bullish on the H4 this compliments the smaller time frame long position. We look for our entry at 1.13069 and...
Looking at the daily USD vs CAD chart we can see price has found some support at the psychological level at 1.20000. Price has honored that level twice and is currently moving higher to the fractal resistance level at 1.21744 which is also in align with the previous week high at 1.22047. Look for price to find resistance at these levels and possibly continue the...
Dear Traders, there has been happening a lot since my last DAX30 analysis eleven days ago. I have closed my short positions with some profits and kept quite until the beginning of this week, waiting to bring my long trades into the race. If you remember, I revised my initial expectation from 'call' to 'put' as I expected the correction not be finished - or...
Dear traders, if you follow my analyses and my social media channels regularly you know that I was talking about two scenarios regarding the DAX30 since the (blue) four was seemed to be completed: 1) We stick to the plan and finish the job without any detour. At this stage I was talking about 12,300 as a milestone - which I finally got. I closed all my long...
So far the EUR/USD went according to plan - except the 4th wave. This may got some of us stumbling. Anyway, I do think it's completed now! So what do I expect to happen next? Based on my analysis and all the inidicators that come with it, the story is crystal clear: We are going down. The initial target of 1.02/00 still stands (based on EW counts) but we may...
The last few weeks went like a clockwork. Basically every target zone got hit, every support held and the price action matched perfectly into the overall image of my Analysis. Now, since we have reached an ATH (all-time-high) at ~12.222 the price consolidated - which again - fit perfectly into my Elliot Wave count, as a small correction was overdue. On this note...
I think we really did find a bottom on the daily. Been tracking this pair for awhile now. It has the makings of a pair due for 50 - 100 pips, if you are a swing trader. I do not day trade so all charts I post will be for traders who have the patience for longer timeframes. 4 - Weekly charts. Although the chart has all the makings for a good trade based on the...
This thing has been on a descend for awhile now. I think we found a bottom for the daily range. *Not Weekly*. Past performance when checking out the 4hr chart shows a very similar setup. The area has been highlighted to make your life easier. Just scroll back. It has got a lot of steam on the 4hr - Daily range. All looks well but then again, this is the market....
The day before yesterday, on Sunday, I have posted my latest analysis about the DAX30 (GER30) index, talking about the current waves 4 and 5 (green) and a possible target at 11.701. The expected wave 4 (green) was pretty much spot on, the wave 5 wasn't really but I managed to detect the early completion before it was too late! Unfortunately the wave has been...
GBP/CAD Daily is bullish with 50 MA > 100 MA > 200 MA, and pair is above daily Ichimoku Cloud. The pair looks like it could do one more pullback towards around 1.87 which is near the daily cloud and 50 MA, and also equal leg of triple three Elliott Wave structure. From there, I like it to the upside at least 50 back of decline from 1.96 if not continue primary...
In a similar way to CAD/JPY, AUD/JPY looks ready to rollover. It is breaking the wedge, touching 50 MA and reversing lower. 50 MA < 100 MA < 200 MA which is bearish in daily time frame. It's also below daily Ichimoku cloud, and trying to retest the cloud, but reverse lower before touching it. Pair should at least test 50 back at 91.8, but I suspect it can make...
$CAD/JPY looks ready to rollover. It is ideally touching the 50 MA or daily Ichimoku cloud, but it looks like it runs out of time. If the pair breaks the trend line support (which is likely early next week), then it gives further confirmation to sell. The pair should at least target 50 back at 94.15 if not resuming to new low.
Trend is still strong bullish , looking at Ichimoku and Alligator. Setup is clear as well as the big picture. Red wave 4 is definitely complete, so we are working on a completion of red5-blue3-red3. Target zone can be defined between 11.560 and 11.575. Note: I bought Ger30 in all of my accounts.
I wish you all a happy new month and good luck trading! The EURAUD is in a downtrend (60min chart) and is currently under a retracement. The retracement was expected since last week we observed positive/ bullish divergence between price and RSI indicator. This can mean two things; A. There will be a change of trend. B. There is a pause/ recovery before...
The price has bounced on the previous support and resistance. I put a tight stop-loss cause if it brakes this line it means the trend possible have ended.
We see that GPB/USD has developed a decent bullish trend so I will go long in the pullback as the price has bounced on the Kijun-sen and the Chikou-span is above the price. I will put my stop loss a little below kijun-sen on the last fractal. Entry: 1.534-1.538 SL: 1.53116 Target: 1.54@