Elliottwaveforecasts
GBPUSD, daily tf, wave-5 of Elliott waveHello my friends,
Today i am gonna trade GBPUSD as it is now in a very nice area to take a buy position.
For this trade, i am gonna be using Elliott wave theory as the base.
In my opinion price currently moving on wave-4 which is a corrective wave.
We are going to see anoher impulse wave to the upside or Wave-5.
The basic rule of Elliott Wave principle is Wave-4 can never go to Wave-1 teritory so we will put our SL slightly below Wave-1 area which is 1.2630.
As per this writng, I already took buy position from 1.2690.
I am late to write about this position because i was outisde for work purpose and just got time to write this in my laptop.
If you want to follow buy you could still enter this as my target is stil way above current price.
Buy GBPUSD 1.2690
Stop loss 1.2630
Take profit 1 at 1.2980
Take profit 2 at 1.3310
RR ratio is 1 : 8.7
Use only 1-2% risk
Good luck
$PFE sideways combo almost done. 5/15m tf swing long$PFE sideways combo almost done. 5/15m tf swing long
Finishing the First Impulsive Wave @ $36.74NYSE:UBER is on its way to end the first wave ( circled ) of the bigger third wave ( greened ).
I put tight stop loss here just in case something wrong happens.
Target: 36.74
Stop Loss: 34.90
6.26 ES1! Wave CountShort and Intermediate-term long. Long term short, could see a fall back to low 2000s by end of the year of the beginning of the year.
MACD is still positive, Moving Averages are still stacked.
"GBPAUD" SSELL Setupwe are looking for this pair to complete bearish correction before we go long on it.
GBP/USD Elliot wave prediction for daily and 4hPattern for this chart indicates Long position, Elliot waves are simply arranged for predicted points.
EURUSDBased on my EWC we might expect a correction of wave 4 minor degree. We might see a triangle taking place or else an abc or complex correction. If you got any questions please do not hesitate to ask me. I am verry happy to help.
Thanks and let me know what are your thoughts!
XAUUSD, 1hr timeframe, Elliott 5th waveHello my friends,
Today i found some interesting setup for XAUUSD.
Previoisly i've posted some analysis for XAUUSD and get it on point using wave analysis.
I am going to continue this analysis as we are currently done with the 4th wave so we will move into 5th wave.
There is a chance we could see 1 more downwards movement from XAUUSD at this point. As i saw a lower low setup on intraday chart of XAUUSD.
Sell XAUUSD 1946
Stop loss 1958
Take profit 1 @1934
Take profit 2 @1922
Take profit 3 @1910
RR Ratio 1:3
Use proper risk management
Good Luck
