Idea is based on a combination of Elliot wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific target and stop loss.
The trend is down. We're approaching the first potential sell entry area. Wait for a test of the upper median line parallel or even I'd allow for a small trend line break. The EUR continues being very weak and the GBP - relatively strong. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability...
The NZD has been very strong of late and the CHF is weak. The trend is clearly up and price has been folowing the slope of the up Andrews pitchfork for the whole of 2014. For the most part the trend has been corrective in nature and yet it managed to retrace 76.4% of the major May-Jun swing down. However, price has never made it to the median line. Every rally,...
Price has stalled shy of the first resistance level (1.4615) and bounced off the median line, continuing corrective sideways price action. The down trend is still firmly in force. The EUR is the weakest of the majors, and the AUD has been quite neutral, so the outlook is bearish. It is quite possible that it's on its way to the level, where the size of the entire...
The cable is approaching the potential buy area: a bounce off the median line at the prior high. 1.733 as a target is still in sight, maybe not in one shot, but the trend seems to be up as long as it hasn't been tested. Stops below 1.7. The GBP is still very strong, whereas the USD is weak. However, both currencies are relatively oversold now, so it is going to be...
The AUDUSD has been in an up trend that had seemed to be over a month ago. And yet it continued higher. The key support level at 0.9208 proved to be very strong and, if tested, is expected to stall any potential decline. There are both bullish and bearish signs here. What is particularly bullish about this market is its adamant tendency to climb higher, even...
Idea is based on a combination of Elliot Wave, Fibonacci extensions and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good luck guys!.
Idea is based on a combination of Elliot Wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop loss.
Idea is based on a combination of ElliotWave theory and median line analysis. Fibonacci extensions are used for target placement. The rationale behind the technical analysis is shown on the chart along with specific targets and stop loss. Good Luck
Idea is based on a combination of Elliot Wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets. Good luck guys
Idea is based on a combination of Elliot Wave theory and median line analysis. In addition Fibonacci extensions are used for target placement. The chart contains the rationale behind this technical analysis along with specific targets and stop loss. Good luck
GBPNZD has been following this navy blue Schiff Median Lines' set. Lately fell out of it, but the odds seem to be with the buyers. It may go up, but there's strong resistance up ahead at 1.9755, so I wouldn't be surprised to see it fail to reach the lower MLH and stall at that resistance level. If failed though, another leg down may...
AUDNZD may be heading for the 1.091 multipivot level once again. But first another test of the magenta median line. The AUD is getting stronger, much more so than the NZD. Found support above the prior major low, broke the basic bear trend line and is ready to make another leg up in this trading range we've seen it since the beginning of this...
Idea is based on a combination of Elliot wave theory and median line analysis. In addition the application of Fibonacci extensions and retracements is used. This idea is not meant as a trading advice (none of my idea's is) but rather as a refelection of my thoughts about the progression of future price action. Good luck
Idea is based on a combination of Elliot wave theory and median line analysis. This idea is not meant as a trading advice (non of my ideas is!), but rather my thoughts about the progression of price action in the long term.
Idea is based on a combination of Elliot Wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific target and stop loss. Good luck guys
Idea is based on a combination of EW theory and median line analysis. The rationale behind this setup is shown on the chart. Unfortunately due to the dynamic nature of my TA I cant give you a fixed stop loss for the LONG setup. Use the RSI and watch price action to determine where to go LONG!. Please zoom out to see the pitchforks which I use.
Apologies for the mistakes in the title. Please ignore this idea, check out my previous idea about GBPCHF