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Elliottwaveforecasts

AUDUSD, daily tf, potential bearish shark patternHello my friends, Another setup to wait for is AUDUSD. As you can see, i tried to analyze this pair with a combination of elliott wave and harmonic pattern. I found something interesting in this pair which is a potential bearish shark pattern on the daily timeframe. AUDUSD right now retesting that 0.7500 area as a resistance which has served previously as a support. We're currently on Wave-V which could end at the 127% fibonacci level of Wave-IV which located at 0.7520-30 area. After Wave-5 complete, we could then expect ABC correction from AUDUSD. It will be more convincing if there are bearish candlesticks appearing on 0.7520 area. Sell limit AUDUSD 0.7525 Stop loss 0.7600 Take profit 0.7300 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
CADCHF, 4hr tf, buy elliott wave 5th waveHello my friends, Another setup for today is CADCHF pairs. As you can see price currently moving to the upside and retracing lower a little bit. We could try assuming this movement as an Elliott Wave movement and price just finished wave-3. This downward movement is wave-4. To have the best trade setup it is better to buy around 0.6950-6948 which will yield 3.5R - 4R trade setup depending on the price you get this pair. Protective stop loss will be slightly below wave-1 area. I am setting buy limit for this because it might hit our order while i was away and that 0.6948 might only appear for a short time so we don't want to miss it. The reason why i think it will only appear for a short time because there is a horizontal support level at 0.6950-6948. Buy limit CADCHF 0.6948 Stop loss 0.6935 Take profit 0.7000 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
4
AUDUSD, 4hr tf, ascending trendline breakoutHello my friends, New week new spirit. Today we saw USD gaining some strenght after 1 month of depreciation. In my opinion we could still some strenght in USD so we will want to start selling other major currency and buy USD. As for AUDUSD, you could see price already broken below the ascending trendline which formed since November 23rd. Today, we got a close below the trendline on 4hr time frame and i think this is the beginning of further drop. We are now waiting for AUDUSD to retrace around 0.7400-7405 before entering sell. The recent downward movement could be marked with elliott wave movement. It is very clear the recent drop was an impulse and it could be marked as wave-iii. After completion of wave-iii, we could expect wave-iv to form which is a correction wave. We will try setting a sell limit on the 50%fibonacci retracement of wave-iii. It will yield a 5R trade setup with only 10 pips stop loss if price come to take our sell limit pending order. Sell limit AUDUSD 0.7405 Stop loss 0.7415 Take profit 0.7355 (5R) RR Ratio 1 : 5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
EURCAD, 4hr tf, sell after wave-4 retracementHello my friends, Another setup for the coming week is EURCAD pair. As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory. We could assume the recent movement to the downside as an impulsive wave-1 and wave-3. After this impulsive wave-3 we could expect price to retrace. Wave-4 usually retrace around 23.6%-50% fibonacci retracement. Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup. Sell limit EURCAD 1.5570 Stop loss 1.5610 Take profit 1.5450 (3R) RR Ratio 1 : 3 Use only 1-2% risk After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit Good luck
Short
by HayatoDragonFX
USDCHF, daily tf, buy on confluence of supportHello everyone, I hope you all enjoy your weekend. I am gonna share my trading plan for next week, if you find it useful please give this post a like and follow me for my next updates. The first pair i would like to trade for next week is USDCHF pairs. As you can see this pair has moved 200 pips to the downside for the first week of December. Friday candle showed that bears are now exhausted and we could pretty much see some retracement to the upside. It is now meeting an area of confluence support at 0.8900 area because there is so many supports stacked in this area which is why i think it is an area of confluence for support. If you're a fan of Elliott Wave and try to do a wave count, you might find this is also a level which could be a turning point. Because 0.8900-15 area is the place where 127.2 fibonacci retracement level located. Wave-5 usually end at this fibonacci level because if it continue to 161.8 level, it could be considered as an impulsive Third Wave. Buy USDCHF 0.8910 Stop loss 0.8870 Take profit 0.9030 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURAUD, 4hr tf, buy elliott wave setup wave-(v)Hello my friends, Here is my setup for EURAUD. I am using elliott waves rule for this trade to get 4.5R trade setup. As you can see price now on a correction after an impulse wave-(iii). Fourth Wave usually are only a quick correction and stopped around 50% fibonacci of Third Wave. After counting the fibonacci retracement, we could try putting a buy limit order at 1.6315 which is the 50% fibonacci retracement of wave-(iii). For protective stop loss, we will use elliott waves rules where Fourth Wave could never touch First Wave. Buy limit EURAUD 1.6315 Stop loss 1.6270 Take profit 1.6450 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
11
XAUUSD - Elliott Wave ForecastHello all, A quick update, the smaller degree wave (v) could be in play. Price has bounced of a possible wave (iv) count around 1831-1832 (38.2%). If the wave (v) is in progress then I expect the price to drop back out of the marked sell zone. Please refer to my previous ideas which are linked below. Follow for further updates. Trade safe, Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSDShort
by BeyondEdge
GBPAUD, 4hr tf, channel elliott wave analysisHello my friends, I spotted a good setup on GBPAUD and i think it is worth to try taking it. This is a 5.5R trade setup which rarely come so we will try to capitalize it. As you can see price moving inside a parallell channel and we could try counting each movement with Elliott Wave counts. The movement respecting elliott waves count as clear as sky. We are now finishing wave-4 and could start to continue going down along with wave-5. We will use wave-1 as our invalidation because the rule of wave-4 is it will never touche wave-1 area. Sell GBPAUD 1.8190 Stop loss 1.8230 Take profit 1.7970 (5.5R) RR ratio 1 : 5.5 USe only 1-2% risk Good luck
Short
by HayatoDragonFX
4
EURCAD, 4hr tf, buy bullish flag breakoutHello my friends, Another setup for December is EURCAD pair. As you can see, it looks like a bullish flag pattern formed on this pair. Price already took down the resistance and currently retesting it as a support. We might see price rotate towards 1.5650-60 area. This bullish flag measured objective are around 270 pips. The next resistance would be at 1.5650 which where will be our take profit for this trade. If you're a fan of Elliott Wave, we could also assume this movement as Wave ABC correction in my opinion. Let's see how this turn out. Buy EURCAD 1.5510 Stop loss 1.5460 Take profit 1.5660 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPUSD🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 Cable seems to be giving us a (w-x-y) pattern for this final leg of wave (B) of (A-B-C) correction of Wave (A).. But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then bears are now preparing to get on boards for wave c. If cable continue to break and trade above 1.33217 level, then this will prove bulls still in control of wave c or wave y of c of (a-b-c) of (b) but if price trade below (1.31948 / 1.31034 ) or below 1.29737 then we might consider having completed wave b then bears on boards for wave c The structure may change at anytime, make sure you validate it and apply your risk management before placing any trades... This whole correction could be a Running Or Expanding Flat if Cable continue pushing higher💵💵💵😊💵💵💵 All the best 💵💵💵😊💵💵💵
by Ghost_Trader_SA
BTCUSD Elliott Wave Prediction - What's your count?Hello all, A long term forecast for Bitcoin going into 2021. I am counting the third wave to be in the region of 33k - 38k USD. An extended third could possibly go in higher but I won't entertain it just now as it's anyone's guess. In accordance to Elliott Wave theory, the third wave is typically the most impulsive so it is possible that we achieve this level before Q1 2021. I will provide further counts and price levels once we've successfully breached the ATH. Please follow for further updates. Do leave a comment with your price prediction. How high do you think it'll go during this run? I'm keen to hear your thoughts and as always, a like to show your support is much appreciated. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
BITSTAMP:BTCUSDLong
by BeyondEdge
1
XAUUSD Elliott Wave Prediction - Does it match your target?Hello all, A long term forecast for Gold going into 2021. I am counting the fifth wave to be in the region of 2185 - 2300 USD. Will provide detailed counts and price levels once we're into the final wave of this leg. Please follow for further updates. Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSDLong
by BeyondEdge
2