In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in NZDJPY is incomplete to the upside & should extend higher. So, […]
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USDJPY 240m Technical’s and Trade Plan Update
Read MoreHere 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. USDJPY […]
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Double Three Structure in EURGBP
Read MoreEUR/GBP is a pair that moves nearly all in corrective sequence of double three (WXY) or triple three (WXYXZ). That makes the pair to be very predictable and a pair to look for high probability setups. In this blog, we will take a look at how to trade a double corrective Elliott Wave Structure Double three structure […]
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Symmetrical Triangle in GBP/JPY
Read MoreTriangles pattern occur quite frequently in the market, and it’s one of the best patterns to trade. In this blog, we are going to take a look at how to trade the triangle pattern. There are 8 different types of triangles, as can be seen in the chart below: In this blog, we will take a look […]
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EURGBP bounce expected to fail after 7 swings
Read MorePreferred Elliott Wave view suggests decline from 0.8065 – 0.7764 was a triple three (WXYZ) structure and completed wave ( A ). Wave ( B ) is in progress and taking the form of 7 swings structure. Wave “W” ended at 0.7860 and dip to 0.7817 was wave “X”. Pair has already made a new […]
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GBPUSD: Elliott Waves forecasting the path from 9.16.2014
Read MoreAt the middle of September our Elliott Wave analysis for GBPUSD suggested that cycle from the 1.6062 low isn’t completed at 1.6278 , just only the first leg W. The price had given us decline in wave X and reached our potential reversal area. Another 3 wave rally from marked zone 1.6170-1.6145 was expected. Let’s […]
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Equal leg in AUD/JPY
Read MoreIn today’s trading environment, market seldom moves in 5 impulsive waves and 3 waves corrections like in the past. Today’s market is driven by High Frequency Trading and algos, and it moves in corrective manner most of the time with equal leg ABC or WXY ruling the market. In this blog, we will take a look at equal […]