Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily from 12:30 PM  EST (5:30 PM BST), join Dan there for more insight into these proven methods of trading.   […]

Preferred Elliott Wave view suggests pair formed a secondary peak @ 181.03 and bounces are now expected to hold below this high for continuation lower. Decline from 181.03 peak is taking the form of a double three or ((w))-((x))-((y)) Elliott Wave structure when pair is currently in final leg of wave ((y)). Area between 177.65 […]

Since 2011 AUDUSD is on a corrective WXYZ Elliott Wave structure on the weekly chart. On the bigger time frames (Weekly, Daily and 4h) AUDUSD has been moving on a clear down trend. So to enter a trade you must ask yourself, which side would you trade this pair. Would you BUY or SELL it? […]

One of the ways to determinate end of corrections(potential reversal areas) is by using Fibonacci retracement levels in your analysis approach . In this blog, we’re going to explain some basic things about Fibonacci retracements. Fibonacci retracement is a popular tool among Elliott Wave practitioners and is based on the key founded by mathematician Leonardo Fibonacci. The most important […]

Best reading of Elliott wave cycles suggests decline from 0.7914 ((X)) high is taking the form of a triple three structure. Triple three is an 11 swing structure labelled here as ((w))-((x))-((y))-((z)). Drop to 0.7748 completed wave ((w)), recovery to 0.7860 was wave ((x)), dip to 0.7696 was wave ((y)) and 2nd wave ((x)) is considered completed […]