Showing posts with label Elloitt. Show all posts
Showing posts with label Elloitt. Show all posts

Tuesday, February 5, 2013

AUDUSD HAS DOUBLE TOP PATTERN



AUDUSD has formed double top pattern ( A & B are two tops)

and pair has developed bearish emgulfing pattern below 50SMA 
So pair has entered in negative zone 

if pair breaks neckline @1.034 then it will be targeting towards 1.0140 & 1.01

Recommendation

AUDUSD Sell @ 1.0360 Stop loss @ 1.0460   Target @1.0140 & 1.010

Please trade with proper risk management plan with hedging 







Thursday, August 30, 2012

EURUSD has formed triangle pattern & Elliot Wave


EURUSD has formed triangle pattern 

Yesterday Pair was in round 50pips range bound

As per Elliott Wave theory, Pair  lies in Wave (3) of Wave 5 (impulsive Wave)
If Pair breaks above 1.2582 then pair may test resistance 1.2740 
alternative view if Pair breaks below 1.25 then it will be temperary downside towards 1.24
Support @1.244 and resistance @1.2580,1.2690, 1.2740



Elliot Wave charts   refer counting in charts


Monday, July 30, 2012

EURUSD @ ELLIOT WAVE JUL 30

EURUSD has follow elliot wave theory 
Pair is in correction ABC wave 
Pair has resistance @1.24 and support @1.2220, 1.2160, and 1.2060
and also EUDUSD chart has Pin Bar resistance 
My Overall View is Bullish 
My main target @ 1.38

Friday, July 27, 2012

EURUSD & ELLIOTT WAVE

EURUSD has elliot wave counting in chart below


please share your view if any correct in above chart