Next Plan GBPUSD 10/05/2021Here is my analysis for GBPUSD for next week.
Disclaimer: This is my personal trade setup !! Please use this only for comparison with your own analysis.
If you like my idea, comment and give thumbs.
Cheers
Elliottwaveforecasts
IRIS finishing primary correction soon, turning back to impulse?Hi. In this 1D chart I've done a retracement of intermediate Elliott waves and charted the primary waves. I've concluded that a primary correction wave is about to finish.
Symbol NASDAQ:SCWX has a similar sector, product and an almost equal Enterprise Value.
It's current price is 13.22 $ or 110 SEK.
I value $IRIS at around the same price.
Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods.
This does not constitute financial advice.
Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
Next Plan DXY (US Dollar) 10/05/2021This is my analysis in DXY for next week.
Disclaimer: This is my personal trade ideas !! Please use this only for comparison with your own analysis.
If you like my analysis, give comment and thumbs.
Cheers
EURUSD, 4hr tf, wave-iii to the downside
As you can see price already broken below the ascending trendline for EURUSD. Right now price retracing at 61.8 fibonacci level.
This could be a good entry point for sell positions. As wave-2 tends to end around 61.8-78.6
We will sell EURUSD here to ride the movement of wave-iii.
Sell EURUSD 1.2085
Stop loss 1.2160 (75 pips)
Take profit 1.1825 (260 pips)
RR ratio 1 : 3.4
Use only 1-2% risk
Good luck
GBPUSD, 4hr tf, wave-3 to the downside
As long as price hold below 1.3980 we could expect price to continue going down.
Price holding below the descending trendline for now so will try to forecast the movement with elliott wave theory.
We're now on the process of wave-3 and this wave will consist of 5 subwaves.
This wave-3 could go down towards 1.3660-1.3600. But in order to reach that, price need to closed below 1.3800. It is more convincing if it was daily candle closing below 1.3800.
Sell GBPUSD 1.3920
Stop loss 1.3980 (60 pips)
Take profit 1.3660 (260 pips)
RR ratio 1 : 4.3
Use only 1-2% risk
Good luck
Plan for GOLD Here is my analysis of Gold. After completing 5 waves and A B Correction phase, gold making an upside impulse from 1676 until yesterday high 1799. So far gold can not break the psychology level 1800 area. And yesterday after reaching 1799 gold falling hard to the 1770 area and making a double top pattern in timeframe 4H which indicates to me that the impulse upside movement is done. With that said, I believe gold now starting to make the wave retracement. This analysis will be invalid if gold breaks above the 1800 area.
Disclaimer: This is my personal trading setup!! Please use this only for comparison with your own.
Cheers
GBPAUD, 4hr tf, HnS pattern after break below trendlineIHello my friends,
GBPAUD just break below the trendline which supported it for the last 3 months since January 2021.
Price right now retesting it as resistance and there is also descending trendline which will now become the resistance for this pair.
It looks like price making a Head and shoulders pattern and the measured objective of this pattern is around 440 pips counting from the top of the head to the neckline.
Price already broken below the trendline and i think this upwards movement is only a retracement to test the resistance.
We might see price continue going south in the coming days.
Sell GBPAUD 1.7940
Stop loss 1.8020 (80 pips)
Take profit 1 at 1.7600 (340 pips)
Take profit 2 at 1.7440 (500 pips)
RR Ratio 1 : 6.25
Use only 1-2% risk
Good luck
NZDCHF, 4hr tf, buy on 61.8% retracementTrade ideas for NZDCHF by Hardi
Looks like this setup now ready to be taken.
I've shared about NZDCHF when price finally broken above the deacending trendline. Right now price retracing around 61.8 fibonacci level which is a level i was waiting to take buy position.
This trade might take some times to play as our plan as it spend 2 months in the correction phase.
Buy NZDCHF 0.6540
Stop loss 0.6470 (70 pips)
Take profit 0.6840 (300 pips)
Use only 1-2% risk
Good luck
GBPJPY, 2hr tf, sell the end of wave-iv
Our first trade for May is GBPJPY.
As you can see we are on the process of 1st wave. For now, we might see price continue going down towards 150.66 area which could provide us around 80 pips.
We will use wave-i as our protective stop loss because wave-iv could not touch wave-i in Elliott Wave theory.
Sell GBPJPY 151.47
Stop loss 151.75 (28 pips)
Take profit 150.66 (81 pips)
RR ratio 1 : 2.8
Use only 1-2% risk
Good luck
Plan NZDUSD 03/04/2021Here is my analysis of NZDUSD. Right now I believe NZDUSD already completed impulse upside which is wave 1. In the daily timeframe, I saw an evening star pattern formed which make me more confident that this time NZDUSD will start to make wave 2 for the retracement. Next week, I expect that NZDUSD will do some retracement move before continuing to the downside. In my analysis, I already marked two areas that could be an area where NZDUSD might be the reversal area.
Disclaimer: This is my personal trade setup !! Please if you use my analysis, use it for comparison with your own.
Cheers :)
Next Plan EURUSD 03/05/2021Here is my continuation analysis and trade setup of EURUSD. In my previous analysis, i was expecting EURUSD falling. And yes i last friday EURUSD was falling hard. With that said i believe EURUSD already completing wave 1 which is impulse movement to the upside. Right now my short position base on my previous analysis running in good positions (+110pips). Next week, i expect that EURUSD will make some retracement first before going down again for completing wave 2 before going to the upside again.
Previous analysis :
Disclaimer : This is my personal trade setup!! Please use this for comparison with your own analysis
Cheers
Next Plan GBPUSD 03/05/2021Here is my continuation analysis and trade setup of GBPUSD. In my previous analysis, I expecting that GBPUSD will fall. And last Friday it's turned that GBPUSD doing a strong downside movement. Right now my previous analysis running in good positions (+140pips). Next week, I expect GBPUSD to do some retracement a bit before continuing to the downside. After complete wave "C" then I expect GBPUSD to continue to the upside.
Previous GBPUSD analysis:
Disclaimer: This is my personal trading setup !! Please use my analysis as a comparison with your own analysis.
Cheers
GBPUSD, 4hr tf, 4R buy setup
I think we're going to see GBPUSD continue rise towards 1.4040.
Price right now on the process of wave-V but this movement could be break down into smaller waves.
This might be confusing for some people.
Too make it short, i will buy this pair with only small stop loss. This setup offering a nice 4R setup.
Buy GBPUSD 1.3940
Stop loss 1.3915
Take profit 1.4040 (4R)
Use only 1-2% risk
Good luck
XAUUSD, 4hr tf, the beggining of wave-5This recent upwards movement could be the beginning of wave-5.
Right now price retracing at 61.8 fibonacci level which is an interesting level to place our buy.
I am going to buy XAUUSD because price might rise towards 1810-1815 area which is the next resistance level.
Buy XAUUSD 1773
Stop loss 1761
Take profit 1815 (3.5R)
Use only 1-2% risk
Good luck
USOIL, 8hr tf, sell on trendline retest
As you can see i draw a descending trendline which will be our resistance for USoil.
As long as price below this trendline and hold below 64.50, we could see further decline in USoil.
I am planning on taking sell positions for USoil.
This trade gonna have 110 pips stop loss so use proper risk management for this pair.
Desclining oil coulf provide fuel to our AUDCAD trade ideas which i shared as well. Check my link down below as well
Sell USOIL 63.40
Stop loss 64.50
Take profit 57.60 (5.2R)
Use only 1-2% risk
Good luck
AUDCAD, 8hr tf, buy on trendline retest
Price might bounce from this trendline for further upside in this pair.
We are about to start the wave-(iii) which might target 0.9950-60 area if price stopped at 1.618 fibonacci extension.
Buy AUDCAD 0.9600
Stop loss 0.9530
Take profit 0.9950 (5R)
Use only 1-2% risk
Good luck
Next Plan for GBPUSD 26/04/2021Here is my continuation analysis of GBPUSD. From my previous analysis it was going to direction that i expected but before market close dollar getting weaker. With that said i think GBPUSD will be going higher than price closed last friday. But i still expecting GBPUSD still going to the downside area before continuing to the upside.
Cheers :)
"NZDJPY" Bullish Setupi am expecting bullish move on this pair short term to complete the structure.
Next Plan EURUSD 26/04/2021Here is my analysis of EURUSD for the upcoming week. Another upside movement last Friday. it gave me an opinion that EURUSD still has some room left to the upside before going down for retracement. My idea for next week I'm gonna wait to see if EURUSD can entering my sell area before I looking for another selling opportunity.
Cheers :)
Next Plan DXY ( US DOLLAR ) 26/04/2021Here is my analysis of DXY ( USD ). In my opinion, DXY already completing full cycle 5 waves and A B Correction phase. And right now DXY making an impulse downside movement. In my waves counts, DXY almost reaches 5 waves and will make the 2nd wave which is the wave retracement. I expecting DXY retracement will making a Head and Shoulder pattern. If this happens it will be synchronized with my analysis in EURUSD and GBPUSD that I posted before.
Cheers :)
EURNZD ELLIOTT WAVE COUNTEURNZD is currently correcting its 4th wave on the daily timeframe. I am expecting the correction to end around 38.2% or 50% of the 3rd wave. After that we can expect continuation of the bearish trend.
Please leave a like or comment if you find this useful, it will inspire me to share more.
Good luck trading.
GBPUSD 23/04/2021Here is my continuation analysis in GBPUSD. After get rejected in 1.4000 area i believe GBPUSD will continue to the downside for making the "C" point to complete the retracement wave 4 before going to the upside again. Enjoy the wave ride :)
