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Wavetheory

XAGUSD, short term sell... Wave analysisHere is my view on XAG... I forecast we could see more downisde incoming to retest the lower levels... We could see some more downside to simply complete the 1,2,3 correction, before going to break the last daily high ! It also broke the lower timeframe upside trend... But also, be aware that it could make a 1,2,3,4,5 correction before the sort term drop. Short term sell... LONG Term : VERY BULLISH Let me know what you think ! I am just a beginner so EVERY insight and chart shared is appreciated, Thank you !!!
OANDA:XAGUSDShort
by LifeIsSport
Large Correction For More UpsideUSDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I will be looking to enter the long when a reversal confirms but may look for smaller trades to the downside in the interim as well. Happy trading! Linton White JP Markets South Africa
by Linton_White
THIS IS A REALLY NICE SETUP!Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on the break of the low of wave 1 as this is a good indication that we could see a reversal soon. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or alternatively a reversal for wave 5 down first. Happy trading! Linton White JP Markets Pretoria South Africa
Long
by Linton_White
NZDUSD short term sell setupHello traders, as you can see NZDUSD is currently in downtrend and it's making nice flag for sell under the trendline. I won't take that trade because RR for me is not good and i really don't want to miss bigger move. The bigger move is upside. When NZDUSD breaks the low we will see divergence in play. Divergence could be a reversal sign. The green box is BUY zone for me. So keep an eye on it and trade with care! Make the bank rolls! :) $$$ My daily view and now you can see reason why I'm interesting only in long term buy! If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Short
by AntonioM