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.





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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.

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Technical Pattern Gartley - forex buy and sell trading signals set and forget

Technical Pattern Gartley ~ forex buy and sell trading signals set and forget

EURO /USD Chart Reading

Trading the Gartley pattern

The Euro found support at the 100 % Fibonacci Extension Cluster/ Gartley pattern projection yesterday and moved up from the target of the Gartley Pattern to the daily 10 SMA. From there, market moved lower with strong bearish momentum and created a new daily low.

On the 4 hour chart the EUR/USD continued its downward trend with the beginning of the new 4-hour candle at 12 a.m. after the previous candle closed at the 10 and 20 SMA Support level (Breakout Timing).
 The Euro found support at the daily S2 after clearing the stops below the important low of September the 10th (thick orange line). However, so far market did not close below this daily support (see hourly chart).

Gartley Techncial Chart pattern

4 hour Euro 100 % Fibonacci Extension

1 hour Euro Dollar Technical Chart Analysis

Technical Chart Analysis of the day before

The Gartley chart pattern

played out well. Currently, the EUR/USD is holding at the Fibonacci Support zone, which consists of the two 100 % Fibonacci Extension levels. Furthermore, this support zone coincides with the Daily S1 and the consolidation price zone of the prior consolidation pattern on the left side of the Euro US Dollar Chart. We also had a nice Doji Candlestick chart pattern on the EUR USD.
The red circles on the daily Euro chart mark some Breakout Timing Strategy, whereby market closed at the support level with a bearish candlestick (20 SMA and daily support level) and breached support with the new daily candle.

Gartley Chart Pattern, Doji, Breakout Trading Strategy

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Trading Gartley patterns - forex trading buy and sell signals

Trading Gartley patterns ~ forex trading buy and sell signals

The Gartley Chart pattern 

Euro US Dollar Trading Strategies

Euro Us Dollar

 reversed down yesterday starting from the daily 10 SMA and closed at the important daily support level from the September 10th low. The closing of a bearish candle at support increases the chance of a true or false breakout through the support level vice versa with the starting of the new candle, which has happened with todays daily candle. These breakout timing strategies are marked with a red ellipse/circle on the charts. 

Market continued its current downtrend in todays European session after the termination of the consolidation pattern on the hourly chart, which consists of the typical three swings. The EURO made a fresh new low at the 61.80 % fib extension from the recent daily swing down and market created a kind of hammer pattern, leading to a new consolidation.

On the 5 min chart we see that the weekly pivot, the 200 SMA and particularly the low of September 10th, which changed from a support to a resistance level due to the recent breach, provided resistance throughout the trading session. The red arrows show the stop clearing/ stop fishing, where market only temporarily broke important pivot points to clear the stops before reversing. 

The green ellipses/ circles show consolidation patterns. On the 5 min chart there were two interesting consolidation patterns, a bull and a bear flag. The orange arrows show that the price zone of the consolidation patterns often provide some support/resistance when price moves back into this zone for the first time. Furthermore, fibonacci levels helped to find potential reversing points.

Daily Gartley Chart pattern

1 hour Euro US Dollar trading strategies

5 min Euro US Dollar trading strategies

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