Hello traders. Today we remmember our map.. the strength of Dollar given by DXY chart. We have been buying dollar sonce DXY bottomed in summer. We are close to 94.84, structural wall that attracts price. If you want to swing dollar dont sell and USDxxx pair at least until DXY touches it.
We could perfectly continue the uptrend rejecting this weekly pivot, or correct a bit deeper to pay the 127debt at this monthly around 93.50. In any case, I wouldnt sell any dollar pair until we arrive to that zone.
Hello friends, after trading and sharing EURNZD and EURAUD setups in our Telegram channel, we are now seeing possibilities for AUDCHF to initiate a reversal in a very specific zone. This is the Daily Perspective.
As always, a good ratio of 11,3:1 . From there, we are expecting a strong reversal for continuation with wave 5. Since wave2 was fast, simple and shallow, we expected deep slow complex correction for wave 4. This is the way we trade corrective patterns?, at extremes.
With the condition of not touching 0.69, we are expecting we will enter the market at 0.6820. The debt pivot is a must, so it will be perfect to take partials, just in case.
For those looking for sells in smaller timeframe these are my levels, careful if we break… if so we may head like a rocket to 0.69.
Hello traders, quick update for XAUUSD gold setup. As shared, divergences and debts were paid, We could close our worst early buys in profit and keep this metal locked with some pips. We still have the 1844 level that could be visited to clean that daily low I marked in the pink box.
From here, or from that 1844 zone, we should still see more push downwards, remmember that until DXY reaches 94.80 we shouldn´t be selling the dollar. We locked thousands pips since we started that USD strenth, and we are not yet done. It would be an error to sell dollar too early. Reasons for a last wave down to 1707 zone: No AO clear divergence(in daily TF), 50% of that green 2 days OrderBlock. 88% retracement, perfect Mother wave to continue with wave 3 of 5 in Higher tfs. Reasons it may break lower: money trapped under those lows… Reasons why not: Hidden divergence and harmonic pattern may play out. Always consider all the reason to trade or not. If your reasons fade out 1 by 1, don’t wait for price to touch your stop, do something about it. It is perfectly OK to be wrong
BTW that 88% retracement is also 300fe if we are going to break 227Fe we may head there. Follow this and many more opportunities in our PFXC trading channel .
Have a great week ahead, and remember that you can find more information about the course here.
USDCAD Carefully building our buy positions, as always trying to get the best possible price at OTE levels. For a reentry it should be 1.2204.
Our long term perspective is the debt pivot that wasnt returned. We know how important is to touch that high at 1.2204, that’s why it is the first zone, price could fly from there, once A and C are equal waves. I would only enter again at 127fe.
Hello friends. I want to share today my plan for EURGBP. Can be traded upwards, but personally I’m only interested on short positions.
Weekly timeframe: Possible in wave 4 or A. Some interesting levels, above price, missed monthly pivot and hit2021 yearly pivots. Below, the liquidity under equal lows, a GAP and 50fe of mother wave. Far away we have the missed yearly of 2016, when Brexit drama began….
Daily timeframe: development of wave 4 in an ABC with possible arrival to 127-161fe neutralizing the liquidity.
Let’s check how subwave C is behaving. We may need a correction to 0.8775-0.8918 sell area… makes sense.
How could we get there? We are having a complex correction, I didnt labelled the waves but I think you can easily count how price is flowing down in 5 abcs.
Check the liquidity above and below to predict next move… the $$$$ below was neutralized by a break of trendline in a Liquidity Run. They have the money, they can make the move when the feel like. I will start selling when divergence is present inside the brown box with around 100 pips stop. Will share exact levels when we are there. ??
Always feel free to comment any doubt and I will try to answer. Learn to trade with us. You are still on time to join our next ATA course which starts on July 1st. Learn more about the course here.
Hello traders, I studied last week EURCHF and wanted to share my view and trading plan. This is the Daily EW count. Seems that we could be in wave C of 4.
We could arrive to 78fe in previous chart. Studying inside C, we may be in subwave 4. Awesome Oscillator showed the highest mountain, identifying subwave 3.
That trendline I draw is important, same as liquidity zone, big players love to break it since traders will go short there… grab liquidity and fly is one of their routines… A normal fibo retracement to check where subwave could arrive, a zone close to a missed weekly pivot at previous 38fe. Law of alternance with a deep fast wave 2 suggest that wave 4 shouldn’t correct deeper than 61%… that’s another game big player usually practices. Some pure Elliottists may be redoing their counts over and over again, but it’s normal. Don’t forget that strong hands also master Elliott waves.
Placed the downtrend fe… check how 127 stopped price 4 times until we finally broke it… There are too many symptoms that they want to break the trendline, get money, and fly for wave 5 around 61 zone, best posible entry boxed if we get there… let buy more.
Don’t forget to set your orders in EURCHF… 50pips stop… Cheap price to buy with a BAT after milking this pair down… buying at 200fe is a great idea. I have a confluence of Elliott, Fibo levels, Aureal trading, Institutional levels, Harmonics… we could be wrong, but we have to try.
These are my levels and the RRR 8.3 for the trade. I will take partials at 1.0975. Always feel free to comment any doubt and I will try to answer. Learn to trade with us. You are still on time to get the ATA course with 20% discount. Learn more about the course here.