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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Watch Out For EurUSd - forex trading signals that work

Watch Out For EurUSd ~ forex trading signals that work

The last update I did on this currency pair was titled How to trade the elliot wave pattern when I wrote about how to follow price actions using elliot wave analysis and trading clear patterns that price usually respond to.

Prior to that, there was an update titled Eurusd in a bearish net , which was immediately followed by a fast bearish move.

 

I still maintain my belief that the larger term direction is bearish. The bullish move from 1.05 is clearly a correction. 

What corrective pattern price is trying to form and when the bearish movement will start, is what we want to know. 

 

 

The chart above shows two corrective waves- [w] and [x]. Wave [w] is a corrective zigzag while [w] fits a flat. 

The wave c of [x] is emerging as an ending diagonal, a tradable pattern.

If price dips a bit from the current position ( to complete the last leg of the diagonal) and break above the emerging diagonals wave iv, we should be seeing Eurusd advancing.

Levels to watch out for are 1.45 and 1.8 . 

 

This bullish corrective pattern, if not a complex correction, could be a double zigzag. 

Price will validate or invalidate this analysis. It is what I expect of price and if price agrees with me, I will key in.

There will be an update later.

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Nzdcad Analysis - the forex trading manual review

Nzdcad Analysis ~ the forex trading manual review

This pair is looking so interesting as a recognizable pattern is forming.
18th March this year signalled the end of the impulsive wave that started on 10th June,2013. Presently the price is correcting with a zigzag corrective pattern. 

We might not know when this correction will end for the bullish move to continue but we can calculate and forecast a possible reversal zone to end the correction.

The zone indicated below is very strong due to the confluence of  levels--50% of the impulsive 5-wave move, 161.8% extension of wave a from wave b,diagonal and and horizontal trendlines (strong support zone).

I will wait for the market to get to this zone and watch for action around there. If price doesnt penetrate the zone in high momentum, I will look for bullish reversal signals and buy...

Check the chart below to get the picture clearer.

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GbpJpy In a correction upside How to take advantage! - free forex trading signals mobile

GbpJpy In a correction upside How to take advantage! ~ free forex trading signals mobile

In the last video I released, I made an analysis of how I intended to sell GbpJpy. My sell entry was satisfied and I sent a message across to my subscribers to sell GbpJpy which gave us more than 800 Pips.

We are already out.

This is the new view . Watch the video below. If the forecast is satisfied, we will consider buying at the price mentioned




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Eurcad Long Term Analysis - forex time trading machine review

Eurcad Long Term Analysis ~ forex time trading machine review

Hello folks.
Check the analytical charts below to grasp my view on Eurcad analysis for the short term and long term.

As price brings more data...I will update you

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NzdJpy Would these combined corrective patterns trigger a bearish move - latest forex trading signals

NzdJpy Would these combined corrective patterns trigger a bearish move ~ latest forex trading signals

On 16th February, I did a video analysis pointing at a long term flat pattern emergence. See here .

The chart above was used in the analysis.

Price is projected to move in a motive wave and the first wave is still in motion, probably in the final phase i.e the fifth sub-wave.

With price projected to dip to the 70 price region with about 600 pips away and a motive wave, an impulse wave or an ending diagonal.

The video below explained further how price could move.



The second sub-wave of the fifth wave is complete and price is in motion to complete the third wave.

See the chart below

The chart above shows how the third wave of the 5th sub-wave is emerging. A combination of zigzag pattern followed by two different flat patterns shows that the recent intra day bullish drive will soon be exhausted for the bearish trend to continue in journey that could get to 70 price level.

The chart below shows the plan.

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GbpJpy When Will The Bears Take Over - real forex trading signals

GbpJpy When Will The Bears Take Over ~ real forex trading signals

The weekly chart above shows the sell off from 252.167 to 118.161 in a supercycle bearish impulsive journey. After such an impulse wave, a correction would be expected. The correction started from 118.161 in a zigzag pattern.


The last leg of the zigzag (an impulsive cycle wave from 116.325) is close to termination (presently at a very strong resistive zone) and the long term bearish trend will be expected to resume.
All focus now on the terminus pattern of the 5th wave of this cycle impulse wave.

The daily chart above shows that the terminus pattern is an ending diagonal with a wide base contrasting to a thin mouth. When the expected sell off starts, its going to be of high momentum.

The 5th of this diagonal might not get to the terminus of the 3rd wave at 197 and price could rally a bit to 195.75 before a fast fall as the hourly chart below shows.

The hourly chart above shows that the 5th wave of the ending diagonal could be an ending diagonal which further gives confidence for a bearish outlook.

If price is contained below 195.755 and breaks 193.34, price could start a big fall to 190.863 (in the short term) and 173.553 as the final after-diagonal price reaction target.

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Follow the Gold Market - forex trading signals ranking

Follow the Gold Market ~ forex trading signals ranking

In the early stage of this millennium, we have seen Gold  very valuable commodity as it made a record high at $1920 per ounce. It was a clear impulse wave ( a strong trend).

According to the Elliot wave theory, price corrects in 3-waves after trending in 5-waves.
The sell off which started in 2011 after the record high should be a 3-wave correction. There are a number of corrective patterns as described by Elliot Wave Principle. One of these patterns is the Zigzag pattern.


Zigzag is the most usually occurring corrective pattern especially after a 5-wave trend or impulse move.

The Zigzag pattern has three stages. The first stage is a 5-wave motive wave or trend (of lower degree) that immediately goes against the long term trend. The second stage is a correction of the first correction (in the direction of the long term trend) which does not exceed the origin of the first correction.
The third stage is a 5-wave motive wave in the direction of the first correction (against the long term trend) which exceeds the origin of the second stage.

The Gold market prices appear to be in the last phase of the first stage as shown by the chart below.

The terminating pattern of the last phase could be an ending diagonal which has completed the first 4 waves.

If price dips further and does not break below $1000, we might see a bounce which could signal the beginning of the second stage of the correction and a break above $1170 could lead to a rally to $1400, around where we would be looking for the second stage terminating signal.


Alternatively, the correction from $1920 could be a double zigzag with a triangle in between.

In this case price could dip further to $670 after a quick retracement as shown by the chart below

We follow price action and adjust the analysis accordingly until a price validates the count and a clear wave pattern is complete. Follow the intra day analysis here>>>>

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