I still have the same view on gbpusd! Look at the related post. ABC Is completed and here we go for 3rd wave. Short.
Still great opportunity to gain the 3rd downtrend wave! The SL is above the B wave. everything on the chart by Elliot. + we have a perfect bearish flag . Lucks.
Simple... Get some pips. DAX and DXY getting stronger btw. Short.
Retesting neck line and 61.8 daily fibo awesome place for short.
Hallo... So we’ve been having a long and sharp trend in pairs against USD. It’s confirmed that the trend is flipping now. According to the chart we have a clear short for next week. In my opinion unlike EURUS it’s the best price to start short at the first hours of beginning of the week with a great R/R ! Everything you need is on the chart, Elliot made it...
For the next week wait for the price to hot 1.17500 . That zone is a hugely resistant zone. At that point place a sell position for a good downtrend. FOR WIDER LOOKOUT PLEASE CHECK RELATED IDEA. Trade at your own risk. Have a great weekend.
Wait for the price to reach that point, then become ready for your re-entery. Look at related idea for more info and a wider lookout.
61.8 fib level + dynamic trend line + Strong static resistance + Head&Shoulder . So.... SHORT!
BEARS 🐻 be closely watching to hunt ! Bulls will disappear soon.
Flag pattern + Weekly support line + Elliot 3rd wave 🚀
Wait and watch the price being rejected by down trend line. Then make a sell position.
Although I don’t rely on patterns much, here is some clean SHS happening here.
So... as I thought eurusd is having a double type correction! But most probable not a double flat but a Flat-Zigzag ! Nothing much different just the under wave countd. Wait until the A wave of zigzag is done then buy at support Line. Flat structure —-> 3-3-5 Zigzag structure—-> 5-3-5 See the related post for more info ! Good luck !
So ... the eurusd has been being tiring us all out. Currently making an exhausting correction range at it’s 4th wave ! Wait unti the price touches the support line then after being rejected, Buy it. It’s just gathering it’s energy to break the weekly resistance trend line. Wish you a refreshing weekend ! Trade at your own risk . Look at the related post for mor info.