Audnzd Update - www forex trading signals info

Audnzd Update ~ www forex trading signals info

On 10th June, we did an analysis titled Audnzd preparing for a new bullish move. We were willing to take a buy trade at 1.0815 with final target at 1.127. 

We did and price advanced very fast. 

 

 

In the last analysis, we used the chart above which showed a systematic impulsive dip that started toward the end of 2010 and ended in march around 1.0 price level.

 

Price advanced immediately after the completion of the fifth wave  in what was expected to be the first impulsive move of a major correction. 

This move was expected to end at 1.2770 ( the present price level).

 

The recent bullish move is a typical motive wave and a pull back is expected as price should advance to 1.2 region.

The chart below shows the first impulsive move of the correction.

 

 

 

1.300 ( a strong resistance) and 1.1475 ( 100% projection of wave 1-3 from 4) are good levels of reversal. 

Price is not expected to break above 1.1475 before the intraday bearish movement starts.

 

From the intraday chart below, well see that price could still move a bit upside, probably above 1.300 before turning to the south. 1.1475 should be held above. 

 

 

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Intra day Triangle in Eurusd - forex trading reviews uk

Intra day Triangle in Eurusd ~ forex trading reviews uk

On 31st may, there was an analysis here titled Two Face Of Eurusd and I wrote about the two possible near term scenario.

 

I though, maintained a bullish bias but with a condition. The bullish set up was satisfied and price rallied, just as expected. I posted an update before that. Read HERE. 

 

To end that post, I wrote 

 

"Its expected to be  impulsive, but a deep correction could emerge in double or triple zigzag correction which would force us to note that there could still be some move downside despite the general belief that Eurusd has bottomed on the long term"

 

With the pattern forming now, as shown in the diagram below, the recent bullish move is counting toward a double zig zag correction.

There has been some economic news  surrounding this pair of late. many investors are on the sideline and price went into a congestion ( a triangle correction).

 

 

Price broke out of the triangle with a minimal momentum and further momentum is expected for Eurusd to rally to 1.175... psychological level where the correction could finally end for the resumption of  the long term bearsih movement.

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UsdCad To Take A Rest - the best forex trading signals

UsdCad To Take A Rest ~ the best forex trading signals

On 31st May, there was analysis here titled Multi Face Analysis of the Usdcad. 

After the analysis, I put a sell order. 

 

I was so sure that I was selling after the completion of a long term flat formation on the weekly chart which was confirmed by the 5-wave impulsive move. 

Price was expected to break below 1.90 in a motive mood.

Price did react and fell, hit my first target at 250pips, then rallied and took 1.23 up in an impulsive manner. 

After looking at the preceding dip from 1.256 to 1.212 and saw how fast the advance was, i quickly exit my second position at a profit of 60 pips. 

The dip was zigzag correction. I didnt trade it because it doesnt tick all my boxes. I only used it as a precautionary measure to close a winning position before running to loss.

 

 Elliot wave theory helps to maintain a winning edge by giving us a clue on how price should response to every pattern it forms, not in a perfect way.

The advance from 1.2125 was an impulsive move with the third wave breaking above 1.28 resistance for more movement upward to 1.316.

 

The third wave is a textbook 5-wave pattern to which price is expected to react, if the support neckline of the terminating upward congestion is broken downside, and dip to 1.28 support in a congestion manner (probably a triangle) typically seen wave 4. 

 

A rally is now expected to terminate the whole upward move after which one can be expected to trade end of 5th wave reversal.

Wave 4 dip is expected to be limited at 1.265 or above 1.256. Any dip below 1.256 could spell bearish resumption.

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A Triangle In AudNzd Bullish Expectation - manual forex trading signals

A Triangle In AudNzd Bullish Expectation ~ manual forex trading signals

The analytical chart below was posted on 16th December 2015 in the article titled AudNzd: What we expect next 




It was so clear to us that price was in a corrective rally after a 5-wave impulse fall off. We also had  an inverted head and shoulder pattern in line. We though that if price rallied to 1.4526 as expected in the manner highlighted, it will further show how other technical systems are engulfed by and subsumed in Elliott wave theory. Elliott wave theory caps them all in a big brotherly manner.

The expected rally was expected to be a 5-wave motive move in what should break above 1.14526 (the neckline of the inverted head and shoulder) and Elliott pattern traders would have been making god pips before chart pattern traders get a confirmation from the breakout.

In the same article, we posted the chart below to track the Intra day Elliott wave pattern that would trigger the bullish ride.



We saw a tripple zigzag pattern and made this proposition

If price is contained above 1.05 and rallied to break above 1.077, we will be prepared to get in line with a long position aiming 1.1548 as the final future price level.

That was the condition to consider a buy trade.

Price never rallied toward 1.077 but rather dips below 1.05 and thereby stretched the tripple zigzag. We dropped it since then and decided to take it back when it is clear what corrective pattern will emerge to drive price up.

We seem to find it in the chart below : A triangle pattern.

The chart above shows that the correction we are seeking for could be a triangle pattern. Triangle pattern often occur at the 4th wave of a motive wave and the b-leg of a corrective wave.

We expect price to be contained above 1.051; a rally from the present level to break the triangle upside should trigger a buying trading opportunity to 1.22 which is an important level.

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AudNzd A Technical Combination! - paid forex trading signals

AudNzd A Technical Combination! ~ paid forex trading signals

In the last update on Audnzd I used different technical analysis, headed by the elliot wave theory, to forecast a probable upward move.

There was a condition for a bullish opportunity.

Price could trace down a bit before rallying to break the upper trendline upside. This will be a trading opportunity to buy this pair with a good risk/reward ratio.

There could be a trading opportunity to ride wave C to 1.2175

Read the full analysis

After some days, price fulfilled the condition perfectly and hence, a bullish opportunity. Price broke out of the trendline with a a good bullish candle and a fast rally followed to the next resistance.

It should be noted that the terminative pattern shown above is an ending diagonal which, according to elliot wave theory, occurs at wave 5 of an impulse or wave C of a corrective pattern.

The long term bias is still bullish but a dip could happen in a few coming days before the bullish journey continues and here are the reasons

1. The breakout move from the ending diagonal is expected to be a motive 5-wave. Price chart below shows that wave (1) of this 5-wave is probably completed (at a resistance level) and price could dip (wave 2) before the big move.

2. There is a bearish candlestick pattern on the daily chart which indicates a possible weakness of the intra day bullish trend.

We have closed a large portion of our bullish position as we await the dip for more opportunity upside.

Check here for updates regularly.





You can also subscribe to our free or premium signal service by sending your e-mail address and phone number with the title "Signals" to forexmaster05@yahoo.com

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If You Decide To Learn Join Us - free forex news trading signals

If You Decide To Learn Join Us ~ free forex news trading signals

Online trading is fast becoming one of the most popular businesses that can be done on the INTERNET.

Despite the risk involved in it, the daily trading turnover is getting more huge and more people are getting involved in the act.

Over the years I have come to discover that, to win in Forex, Commodities or any other financial markets, there is a need to learn and learn.

Winning starts by identifying no-nonsense high probability trades and having the patience to run them through.

Winning is not about the number of trades, rather the number of quality trades and the patience and discipline to execute them.
One other thing__ good money management.

This blog, if it has shown anything, has proved that Elliott wave theory is the best markets forecasting tool- not just that- and also provides opportunities to trade high probability trade set ups with well defined entry, targets and exit levels.

Click here to learn why you need to learn Elliott wave theory .

Lets look at a few of Elliot wave patterns that were posted on this blog.

Just recently, we spot an ending diagonal pattern on Gold daily chart. The diagonal was clearly formed at a well measured convergence point.

The article titled Gold Rally is imminent; how prepared are you? was posted on 21st december





Price has since risen to 1102 from 1065.85 (about 400 pips) is a move that is expected to continue upside.
If you read the whole article, youd see that the diagonal pattern we traded was in line with the general expected price movement.

As price is expected to surge higher, we provided an alternative in the article titled Gold Expected Rally; An alternative view.

We are still on diagonal pattern.

#Gbpchf

The chart below was posted as part of our analysis on Gbpchf titled Gbpchf: The Long Term View

The diagonal pattern was not yet complete and we made a forecast of what is required for the completion.
Of course, price moved exactly as we wanted.

The pattern completed at the region we forecast and what next? We sold and send trade recommendation to our subscribers.

The chart below shows how price responded to the pattern formation.

We made 700pips out of this move risking only 280pips. Is this for real? Absolutely!

Lets look at another interesting diagonal we traded.

#Gbpjpy and #Usdjpy.

Infact, if you have followed all the diagonals we discussed, your accounts should be smilling.

Read articles that show the power of the diagonal. Please take your time and check what happened after the formation on your chart.
Here we go:

On 13th August 2015. An article titled Gbpjpy: When will the bears take over?

On August 23, 2015. Read article titled What drive the diagonals?

At a time , we were posting intra day analysis of some currency pairs. Look at how we follow the price till we get a diagonal and how price reacted to it. Click here

What about Euraud rally after the diagonal.... an article posted on 8th June 2015

.....and an intra day ending diagonal on Gbpusd trade on  22nd February 2015

Before I go; what about the recent one we sent on Audnzd?... Are you among those that received the signal?

Read it here

Massive...right?

Lets look at another pattern...The Zigzag

The ones that easily come to my mind are the recent ones on AudJpy and GbpJpy (double zigzag)


#AudJpy


This was spotted on AudJpy on December 2, 2015. The x wave was a clear zigzag pattern, though we didnt zoom to a lower time frame to show its constituent waves.

We sent the signals to our subscribers. The pattern was clear and price respected it.



GbpJpy was more interesting. We forecast the  pattern and the requirements for us to consider a sell trade. Price did exactly as we have forecast and BOOM!...... Our subscribers enjoyed this most.

The good thing is the risk/reward ratio, we only risked 280pips.

There are so many zigzag and double zigzag patterns we mentioned on this blog.

Just type zigzag or zigzag pattern in the blogs search box at the top right and read many other zigzag patterns. Read the requirements and if price responded. Where price responded, check the outcome on your chart.

Elliot waves theory has 5 core tradeable patterns.
Others are
Triangles... Read our exploits on Eurusd on 4th August 2015 (click the date to read)
The flat pattern. Example is the Usdcad buy set on 27th October 2015

and  the non-overlapping 5-wave pattern generally known as Impulse wave ( probably the most popular elliott wave pattern)
An example... read the forecast on June 22 2015 and the outcome on July 13, 2015

Impulse wave appears most frequently. I am just too lazy to bring our many examples for you.

If only one can be patient for these patterns to complete, they are very reliable.

Why You May Want To Consider Trading Elliot Wave Patterns

1. They are very reliable if all the rules and guideline are kept. Are they perfect? No. The winning ratio is at an average of 70% i.e you will win 70% of your trades if you can recognize textbook-like clear Elliot wave patterns like the examples I gave above.

2. They can compliment other trading systems like Price Action, Chart patterns and harmonic patterns.

3. They can be confirmed by your set of indicators to give you more confidence.

4. Minimum risk/reward ratio is 1:2. You will always win more dollars when you win than the dollars you lose in a losing trade provided you risk a fixed dollar value for each trade.

5. Elliot wave patterns are best traded at demand and supply levels so support and resistance traders will find them useful.

6. If you go further in the study , Elliot wave theory can be used as a forecasting tool for any market, be it commodities, currencies, energies, stocks, indices, real estate, Etfs or strategies that can be used to trade options, binary options e.t.c

7. They can be used for long term, swing and intra day trades. I do more of long term and swing. They are perfect for intraday trades as  well.

In fact, every serious trader should learn how to trade with Elliot wave theory.

Okay, enough of story.

I have put together, a 2-month Elliot wave mentorship programme for you in which I will reveal how I trade elliott wave patterns.

The mentorship will not teach you the in depth, confusing and complex academic Elliot wave theory. It will simply be about how to recognize no-nonsense high probability elliot wave patterns in any market and time frame.

How you can use elliot wave theory as a simple trading system i what you want, isnt it?

The outline of the mentorship course is highlighted below.

1. Basic tenets of  Elliott wave theory (EWT)
2. Rules and guidelines
3. The 5 core Elliott wave patterns briefly.
4. Trend Patterns in details (with rules and guidelines)
5. Corrective patterns in details (with rules and guidelines)
6. Fibonacci ratios in price and time
7. Ratio relationship of trend patterns
8. Ratio relationship of corrective patterns
9. The role of support and resistance and trend line analysis in support of Elliott wave patterns.
10. Reversal signals with candlestick patterns and indicators.
11. Momentum analysis and divergence.
12. How to trade the 5 patterns

• Specific entry levels
• Profit targets
• How to set stop loss
• How to exit a trade
• How to adjust stop loss with respect to market conditions
• How to take sequential profits

13. Money management/ Risk/reward ratio
14. Relationship between Elliot wave patterns and harmonic patterns and how to use them together.
15. How to use Elliot wave to confirm chart patterns

And many more.

At the end of the 2 months programme, you will have gained the better knowledge of the markets and how to wait for the right set ups.

You will learn how not to panic.

Duration: 2 Months

Starting date: February 25, 2016
 

How The Training Will be delivered
1. The outline is broken down into small pdf notes and video tutorials (recorded by me). lectures will be delivered 4 times a week. Weekends for questions and answers

2. For each lesson, there will be examples from past and present price charts. For each lesson taught, all participants and I will brainstorm with many examples from the chart until the lesson is nailed.

3. Assignments will be given to all participants to label random charts and identify inherent trading opportunities.

4. Participants will learn how to use Mt4/Mt5 analytical tools for easy analysis.

5. I will ensure to answer all questions in the best way I can.

6. Training will be delivered through a secret Facebook group

7. Many more discoveries I plan to reveal and those I will end up sharing in the course of the programme.

MATERIALS FOR ALL PARTICIPANTS: 

The best of elliot wave materials from R.N Elliot, other pioneers and researchers of elliot wave principles and some of my latest discoveries (unpublished).

Cost:  #25000  or  $150

 

How To Register

1. Send an interest message to forexmaster05@yahoo.com or to +2348134820569.

2. You will receive the payment details

3. Make payment and notify me.

4. Once your payment is confirmed, details on how to start the training will be sent to you.

 

 

You can contact forexmaster05@yahoo.com for one-on-one online training mentorship on  elliot wave or for signal subscription.

 

Forex Sniper Signal service is launched on Facebook. Please like and follow.

 

Thanks.

Sanmi Adeagbo

forexmaster05@yahoo.com

+2348134820569

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Pattern Trading on AudNzd - understanding forex trading signals

Pattern Trading on AudNzd ~ understanding forex trading signals

One of my favourite elliot wave patterns is a well formed 5-wave impulsive move. 

 

A non-overlapping 5-wave decline or advance as discussed by elliot wave theory is my bread and butter. 

 

 

 

The chart above was posted when I saw this pattern emerging on AudNzd on 22nd June in the article titled Audnzd Update. 

 

After the completion of this pattern, a correction was expected. It was not surprising as price dipped fast.

The fifth wave of this pattern also formed a 5-wave pattern which allowed me to put a sell entry at 1.1325 with stop loss of 120 pips. 

 

It was a very sweet trade and I closed my position making 300pips as a correction is expected upside.

 

 

It was a perfect textbook pattern which doesnt happen all the time. It is a high probability trade, not a perfect one. 

 

It is one of the three patterns I intend to share with the participants of my 6-weeks intensive online mentorship course.

 

Book a space today. 

 

Cost: #10000 or $70 

 

Call or send sms to me on +2348134820569 or mail me @ forexmaster05@yahoo.com 

Note: Only serious and interested people should contact me.

 

If you reside in portharcourt and its environ, you can book a one-on-one training with me.

Another pattern that will be taught was seen on Euraud. It was another textbook pattern . Read it above.

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AudNzd Upward Trend To Resume - forex position trading signals

AudNzd Upward Trend To Resume ~ forex position trading signals

The bearish trend from 2011 was a clear impulse wave.

According to elliot wave theory, a 3-wave correction often follows a 5-wave trend. These corrections have different patterns; one of which is the zigzag pattern.

The 5-wave impulse in Audnzd ended and immediately started the 3-wave correction in April 2015.

The first wave  (wave A in red) of the correction is also a clear impulse wave which makes us believe that the expected corrective pattern could be a zigzag pattern. The B wave (in red) which is the second wave of this correction is a clear corrective (zigzag) pattern .

The chart below shows the building waves of the probable correction in the weekly chart above.

This pattern could be about to complete as price will be expected to rally in a 5-wave motive wave to go above the high of the Awave (1.164) and to 1.21755.

The Bwave ( in red) is a clear zigzag pattern and its last wave, wave (c) is a clear impulse wave terminating with a probable ending diagonal shown clearly below by the falling trendlines.

Price could trace down a bit before rallying to break the upper trendline upside. This will be a trading opportunity to buy this pair with a good risk/reward ratio.

There could be a trading opportunity to ride wave C to 1.21755

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AudNzd Preparing For A New Bullish Move - forex trading reviews news

AudNzd Preparing For A New Bullish Move ~ forex trading reviews news

From the weekly chart below, its clear how this pair has dipped from year 2010. In a clear 5-wave impulsive move, price bottomed at almost 1.00 making Aussie at par with Nzd. 

 

 

1.00 was a very strong psychology level and price , as expected, advanced in what look like a five wave impulsive bullish move of a lower degree.

The lower degree bullish move is expected to reach 1.127 which a strong resistance.

 

The pattern forming from the intra day chart below is a zigzag correction making the fourth wave of the bullish advance discussed above. 

 

 

An intraday break above 1.0817 should trigger the bullish move and the near target should be 1.127 if 1.09 resistance is broken upside

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Gbpchf 2 Emerging Patterns To Consider A Short - learn forex trading signals

Gbpchf 2 Emerging Patterns To Consider A Short ~ learn forex trading signals

After the 5-Wave decline that broke out of the long term ending diagonal, we saw a shallow retracement which was resisted by the 4th wave of the 5-Wave drive at 1.4750.

Price dipped in a lower degree 5-wave impulse and has been congesting since 9th February.

If price does not dip below 1.3890, we might see a further intra day rally to 1.4310-1.4320 before the bearish trend resumes.

We have two projected scenarios in place; any of which,if satisfied, will make us look for a selling opportunity signal.

Scenario 1

Scenario 2

Watch the video below.

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Audnzd What We Expect Next - forex trading signals provider review

Audnzd What We Expect Next ~ forex trading signals provider review

As a technical analyst, its essential to learn different technical approaches to market prices.

Elliot wave theory, chart pattern analysis, fibonacci harmonic analysis, candlestick price action are some of the effective elements of technical armory every chartist must equip himself with.

On October 29th, an analysis was posted here on Audnzd titled Audnzd: Upward trend to continue?.  We discussed about a 5-wave bearish elliot wave impulse pattern as seen on the weekly chart.

After the end of the impulsive wave, a 3-wave correction , as expected, seems to have started as price rallied from 2015 low.

We narrowed down our elliot wave count to the hourly chart as we got a bullish trade set-up which we quickly shared with our subscribers.

All our profit targets were hit; though we were forced to close some of our trade before the final target due to a bearish reversal warning in the article titled: Audnzd: A Technical Combination.

Price rallied further, hit all targets and started falling as expected.

Will this fall continue or price will resume the rally?

The chart below is the recent weekly chart.

There is a prospective inverted head and shoulder reversal chart pattern subsumed in what could be a complete elliot wave cycle.



A complete elliot wave cycle is a 5-wave impulse trend wave followed by a 3-wave correction in the opposite direction of the trend.

With our wave count, we presume that price is still in the wave-C of the correction expected and the second wave of the C-wave is expected to end soon.

The 2nd wave of wave-C is a hourly tripple zigzag corrective pattern supported by a confluence zone.

If price is contained above 1.05 and rallied to break above 1.077, we will be prepared to get in line with a long position aiming 1.1548 as the final future price level.

Join us as we ride the trend together.

Our free signal service started last month with a 100% wins on 5 trades profiting about 2000pips.


You can take control of your trades and funds with our analysis and signals as an aggressive or conservative trader.

Send your E-mail address and phone number to forexmaster05@yahoo.com  

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All Eyes On GbpChf - free forex trading signals provider

All Eyes On GbpChf ~ free forex trading signals provider

In the last update on Gbpchf, (read) we were expecting price to rally in 3-wave to complete an ending diagonal which is meant to be the wave C of a larger degree flat corrective pattern.

It was maintained that

If price is contained below 1.5600 and breaks below the trendline connecting wave 2 and 4 of the diagonal, there will be an opportunity to put a long term sell order to ride to 1.38 and below.

 With a probable completion of the pattern, there is a high likelihood of a long term bearish move especially if price is maintained below 1.56.

A conservative long term trader can look for a bearish opportunity as price breaks below 1.4800 ( i.e the wave2-4 trendline)

An aggressive short term trader may enter earlier at the break of  1.5350 to ride to 1.4950 and below 1.4800.


Get free and high probablity trading signals and analysis forward your the E-mail address and mobile phone number.

To get started;
Send your mail and phone number.
 Forexmaster05@yahoo.com

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