Elemont

Elemont Updated 

GBPUSD has been travelling perfectly to how our previous analyses have predicted. Price has now broken below the Support Level so we may now enter our short towards TP Zone 1. We are looking for a break of the 200 MA to confirm this continuation downwards. SL just above the trendline.

Elemont

Gold has moved as we have predicted in our previous analyses, breaking above it's former resistance. Gold is now trading within a range, looking to breakout again in either direction. As Gold is currently in an uptrend, and tested Major Support below, we believe it is more probable for Gold to breakout upwards, continuing it's current trend towards Major...

Elemont

EURUSD is forming a W pattern on the 1H chart indicating a possible bullish breakout in the near future. The W is within the potential reversal zone which makes it significant. We expect price to travel up the 4th leg of the W before breaking resistance and moving towards the 200 MA.

Elemont

As predicted in our previous analysis of USDJPY, the pair is currently retesting the 200 MA. Here we believe bears will give it another push back down towards the bottom of the current downtrend. USDJPY has made lower lows since coming out of the original uptrend (purple), and we expect price to respect the current downtrend (green) before breaking further...

Elemont

AUDUSD has moved as predicted in our previous analyses, albeit faster than expected. It has broken through S1 after forming an M top pattern. We expect price to continue lower towards the bottom of the trend channel, where it may decide to bounce back towards S1 before eventually breaking lower towards the 200 MA. Trading Ideas: Short to TP Zone, with SL above...

Elemont

As predicted in our previous analysis, AUDUSD has just failed to break the Potential Reversal Zone which we view as bearish. We expect price to continue to fall in the long-term, with minor bounces most likely at the former downtrend (dotted green line) and S1, which may look to retest the Potential Reversal Zone. Look out for an M or Head & Shoulders Pattern as...

Elemont Updated 

GBPUSD has just it's 4th leg on an M formation, with price reacting perfectly to our previous prediction. We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards. Interestingly, the 200 MA is sitting near the Support Level at the moment adding an extra layer of buyer demand. However, with...

Elemont

AUDUSD just broke upwards from a downtrend on the 4H, however the current channel is very narrow and unsustainable. Price is at a major reversal zone, and we expect heavy resistance to hit soon. We are looking for an M or Head & Shoulders pattern to form at this zone to enter a short trade towards the TP zone.

Elemont

USDJPY has just broken down from it's uptrend and now looking to test S1. We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP. You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.

Elemont

Our previous signal outlined this trade setup, Gold has just broken out as predicted so now our trade is in play towards the major resistance at TP 1. At TP 1 we can reassess the next play.

Elemont

USDCAD has broken through two different trends on the 1H, currently back in a downtrend. We expect price to continue to S2 upon breaking S1, where it can find support at the Potential Reversal Zone before it begins a reversal to retest the 200 MA. Trade Setups: If it breaks S1 in the next few candlesticks, short to S2 Enter long at Potential Reversal Zone, aim...

Elemont Updated 

Price is at an interesting point currently on the GBPUSD 1H Chart, sitting at a local support level. A break of the local support level would warrant movement towards TP Zone 1. A bounce off the support level would see price move to the Resistance Level. At the resistance level price may then breakout yet again and travel towards the Long TP Zone. However, we...

Elemont

Gold is looking to be gearing up for a breakout through the current 1H range pattern. If Gold breaks through the range high, we expect price to continue towards the Minor Resistance level (TP 1). There it may lose some bullish strength and seek to retest the previous range's high before continuing towards the Major Resistance level (TP 2). If the Current Range...

Elemont

EURUSD is currently trading within a Potential Reversal Zone (Major support level). We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2. If price does not break TP 1, we expect it to continue on its downtrend...