Eurusd Is Still Bearish - forex trading signals india

Eurusd Is Still Bearish ~ forex trading signals india

Elliott wave theory, consistently, has shown how other technical methodologies are engulfed in it. Almost all the time, Elliott wave theory knows the immediate and long term direction of any market before other technical systems get the half picture.

The bearishness of Eurusd is expected to continue. Price could dip below the 1.0000 level.
There is a bearish harmonic bat pattern to be completed at 0.9830-50.


Read more

GbpAud Short Term View - forex trading.com reviews

GbpAud Short Term View ~ forex trading.com reviews

I would not want to bore you with the long term analysis of this pair. What I know now is that an intraday corrective pattern is forming and I have forecast what price could do to this effect.

In the 4 hour chart below, we could see an emergence of an impulsive wave. Let’s see if we can follow price as it tells us what to do next. The first wave followed by the second corrective zigzag wave with about 50% fibo retracement. 

  Read more

Gold Update Emerging Intraday Ending Diagonal - forex trading ea reviews

Gold Update Emerging Intraday Ending Diagonal ~ forex trading ea reviews

As part of the bullish reversal in Gold, I discussed an end of wave 5 formation on 11th November and I followed it with a buy order which went well. 

I posted intraday price updates on 13^th November and 17^th November which all went well to support the bullish move.

The general trend is still down. The recent bullish move is a typical ABC correction format and in short time, price should crash downward.

Presently, the C leg of the ABC correction is forming an ending diagonal which should complete at resistance zone (1210- 1230), a 161.8% extension of A from B. 

If price gets to this region and breaks below the support zone of the diagonal, then we could see a real move downward in a 5-wave motive move to 1000. 

I will update you here as we get more action from price

More info for Gold Update Emerging Intraday Ending Diagonal ~ forex trading ea reviews:

Read more

Will Gold hit 1000 before the year runs out - forex live trading room reviews

Will Gold hit 1000 before the year runs out ~ forex live trading room reviews

In recent weeks, Gold has been trending down rapidly breaking barriers along the way. Will this dip continue? Well its just a matter of time.

Going by the weekly chart,price broke out of a triangle in high momentum after 14 months of formation. This triangle marked the successful completion of wave 4 .

 Price is running down to complete this impulsive move which could end at 1000 ( the next support) before the year runs out

The intra day (H4) chart is not contradicting the bearish move. The bearish move that happened immediately after the triangle formation has successfully completed three waves.

 Presently, its enclaved in the triangle of its own which will be completed at the successful break of the lower boundary of the triangle.

In the other way, price might break the upper boundary of the H4 triangle to test the resistance at 1240 thereby forming a zigzag corrective pattern instead of the current triangle before resuming the bearish move.

The breakout of the H4 triangle is very important to what corrective pattern we could have. A break below it will make gold dip and head to 1000 while a break above it will test 1240.

As price moves further, i will keep an update. Dont be far.

Let me add you to my mailing list to alert you of my latest findings.Send your e-mail to forexmaster05@yahoo.com

More info for Will Gold hit 1000 before the year runs out ~ forex live trading room reviews:

Read more

Intraday Analysis Gbpchf - forex-trading-signals.net. forex-today

Intraday Analysis Gbpchf ~ forex-trading-signals.net. forex-today

In the last two videos I updated, I noticed that Gbpchf is in the process of a 5-wave impulse bearish move after breaking out the long term ending diagonal in the article titled All Eyes On Gbpchf

The 5th wave of this impulse wave appears to be an ending diagonal as seen in the chart below.

If price completes the leg and breaks above the ii-iv connecting resistance trendline as shown in the chart above, there will be a good buying opportunity . Price will be expected to move towards 1.4800 level.

Price is expected to be supported by 1.4160. A break below will make this forecast invalid.

Join my online elliott wave mentorship/training . To learn more click here
To get trading tips, analysis and signal mail Forexmaster05@yahoo.com

More info for Intraday Analysis Gbpchf ~ forex-trading-signals.net. forex-today:

Read more

Eurusd Intra day Update - surefire-forex-trading.com review

Eurusd Intra day Update ~ surefire-forex-trading.com review

On 20th November and  24th November I posted a long term analysis and the resultant intra day analysis respectively and it took price a while before reacting to my bearish call.

The bearish targets still remain 1.2150 - 1.8850.

I have a new intraday wave count which support the bearish move

More info for Eurusd Intra day Update ~ surefire-forex-trading.com review:

Read more

Dollar Index Preparing For A Deep Correction - forex trading course reviews

Dollar Index Preparing For A Deep Correction ~ forex trading course reviews

After a very long time, the dollar is finally testing the bearish side. 

The long term advance  that ended temporarily or permanently at 100.765 is appearing to favour the bearish side in what looks like a deep correction. 

 

Double and triple zigzag corrective patterns form typical swings of higher highs/ higher lows for the bulls and lower highs/lower lows for the bears. 

 

Price is expected to break below 93.06 (the last low) to form a lower low, and that would be a typical double zigzag. The dip is projected to get to 90.30. 

 

This should affect Usd currency pairs especially the Eurusd which is presently forming the same pattern to the upside.

Price will prove everything right or wrong. Elliot waves theory helps to follow price and project possible turning points.

The labelled support and resistance levels in the chart below should be watched with keen interest.

Updates will come as price movement proceeds

More info for Dollar Index Preparing For A Deep Correction ~ forex trading course reviews:

Read more

Gold Spot On! - forex trading bot reviews

Gold Spot On! ~ forex trading bot reviews

The dip from 2011 on the long term is looking impulsive as price crashed down in style. 

This dip goes well with the elliot wave theory which says, markets retrace in 3s in the opposite direction as the prevailing trend which is usually in 5s. 

On the long term, the corrective 3s are coming as expected, though could be in different corrective pattern. The first of the 3 - corrective waves according to the elliot wave theory are expected to be motive i.e Impulse waves or diagonals.

The Gold market looks like being in the first phase of this correction and its expected to be a motive....Impulsive is more likely based on what we see at the moment.

This impulsive move which started in 2011 has completed the fourth phase of its development with a triangle corrective pattern and a crash down is expected as the last phase should be a motive wave.

 

Subscribe to: Posts (Atom)