Short-Term.....Swing Trade (Set-Ups) - page 3
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Here is the Chart Update :
( I have Zoomed in so you see the chart better )
On friday before the NFP report came out, There was a Double Bottom
in the US Dollar and the price of the 2 lows were violently taken out !
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Now , we may be at the bottom of a Typical " Wave 5"
There are other wave counts - Yes ............................................................
but this is the one that has my focus at the moment going into Monday's US Session .
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The Usd/Yen
is showing much support ...................
3 Rising Lows now on a sitting on a support Line :
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(Keep an eye here also )
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For more information about this trading style ……( See links below )
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Trading Strategy Explained :
www.charts-explained.com
( Listen to this free video )
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Best Elliott Wave software for generating automatic trade-setups :
Click here
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Usd/Yen............ Looking like an End of a Wave 4
Chart : UPDATE .......................From Post # 1333
Original Post , Click Here :
https://c.mql5.com/forextsd/forum/35/yen-11-2-2007-1.gif
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Price Entry now triggered
Price Entry........... 114.93 stop
Protective Stop .........114.25
Targets ........ See charts below
( Risk....68 pips )
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Only a Probability ................ Not Cast in Stone !...........
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TRADE AT YOUR OWN RISK…...................The Purpose of these charts is to point out significant
highs and lows based on Fibonacci Retracement Lines and Elliott Waves which are highly subjective.
This information is for Educational purposes and should not be considered trading recommendations.
All trading decisions are your own sole responsibility .
What do you think ?............
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Usd/Cad- Was Today's rally a Short Covering Rally ?
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( Double click on chart to enlarge )
Usd/ Cad
Update : ..............Price appears moving toward the End of A Wave 3
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Deficits on top of deficits and growing worthless exports ( US Dollars)
For technical matters keep it simple. Trend Lines and fib #s.
I enjoy your guys work and helps me to gain another perspective.Yep , Smells like fiat money to me
Gold reserves doesn't back the value of the Us Dollar any more
Trendlines and Fibs ? - Your'e on to something there
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Trading is a battle between Bulls and Bears- ( most know this )
more importantly
Trading is Battle between Technicals and Funny-mentals- ( most don't know this )
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Markets can move solely on technicals at times
especially when the brokers know where all the stops are
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The Canadian Dollar rallied this past Friday on short covering ! ........
-I posted the chart and yet no one in here had anything to say about short covering .
Why don't traders pay attention to short covering rally's ? ...........
This is my Longer-term chart wavecount
for the US Dollar ( "aka" Usd/Chf )
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This is a long term Monthly chart of the Eur/Usd
Euro prices today have now touched the March 1995 highs !
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(See chart below )
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UPDATE TIME :
Here is what the theUsd/Cad did today !........:)
There been no break-out like this all year ........
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Make no mistake , this strong rally was caused by short-covering
from Friday 's price action .....(NO MORE SELLERS LEFT TO SELL TO !)
( AND The brokers , are are big part of this because they know where all the stops are )
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Oil Prices now has new problem , time to Slow Down production ...
SEE TODAYS RESULT CHART BELOW