Elliott Wave Chronicles | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Auto Elliott Wave 43 replies

My Wave Count - 2010-08 11 replies

Elliot Wave counting on gold 3 replies

Silver wave count 5 replies

Attachments: Elliott Wave Chronicles
Exit Attachments

Elliott Wave Chronicles

  • #1
  • First Post: Mar 10, 2020 12:52am Mar 10, 2020 12:52am
We will be analysing 4 random currency pairs using the Elliot Wave Principle. The pairs are:
AUDNZD
EURUSD
CADJPY
EURNZD

We will post our analysis of these pairs and monitor the price action on a daily basis.
NB: Other strategies and tools for technical analysis will be used to enhance profitability.
  • #2
  • Mar 10, 2020 1:03am Mar 10, 2020 1:03am
AUDNZD
Overall bias is bearish with price currently forming a corrective structure. We are looking to buy the pair in the short to medium term.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_080118_047.jpg Size: 108 KB
  • #3
  • Mar 10, 2020 1:13am Mar 10, 2020 1:13am
EURNZD
Overall bias is bullish with price currently correcting to the downside. We will be look for selling opportunities in the short to medium term.

Trading plan: Wait for a clear reversal pattern i.e. break & retest of trendline, to look for selling opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_080121_501.jpg Size: 72 KB
  • #4
  • Mar 10, 2020 1:22am Mar 10, 2020 1:22am
EURUSD
Overall bias is bearish with price currently in an upward correction. We will be looking for opportunities to buy in the short to medium term.

Trading Plan: Wait for the correction (waveB)/retest of trendline @ 1.1175 to look for buying opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_080128_029.jpg Size: 79 KB
  • #5
  • Mar 10, 2020 1:36am Mar 10, 2020 1:36am
CADJPY
Overall bias is bearish with price currently in corrective wave4 of a 4th degree impulse wave1. We will be looking for buying opportunities on the short term.

Trading plan: Wait for a waveB formation to look for buying opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_080132_124.jpg Size: 79 KB
  • #6
  • Mar 11, 2020 2:07am Mar 11, 2020 2:07am
AUDNZD update
Buy entry has been triggered. We will hold Buy positions with SL @ 1.0308
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 4H 11.03.2020.png Size: 98 KB
  • #7
  • Mar 11, 2020 2:08am Mar 11, 2020 2:08am
EURNZD update
We wait for confirmation to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 4H 11.03.2020.png Size: 81 KB
  • #8
  • Mar 11, 2020 2:09am Mar 11, 2020 2:09am
EURUSD update
We wait for correction/retest @ 1.1175 to look for buying opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4H 11.03.2020.png Size: 81 KB
  • #9
  • Mar 11, 2020 2:10am Mar 11, 2020 2:10am
CADJPY update
We wait for confirmation to buy.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 4H 11.03.2020.png Size: 82 KB
  • #10
  • Mar 11, 2020 2:48am Mar 11, 2020 2:48am
Quoting Bkay23
EURUSD update We wait for correction/retest @ 1.1175 to look for buying opportunities. {image}
I’m looking at buying into this around the 1.12213 handle....current H1 HnS structure looks like it wants to dip towards those levels and I have the confirmation of my wave count going long there
4&1 All Time Profit: $37,496
  • #11
  • Mar 13, 2020 1:51am Mar 13, 2020 1:51am
Quoting MzansiObi
{quote} I’m looking at buying into this around the 1.12213 handle....current H1 HnS structure looks like it wants to dip towards those levels and I have the confirmation of my wave count going long there
I hope you're still holding.
  • #12
  • Mar 13, 2020 1:58am Mar 13, 2020 1:58am
AUDNZD update
The bears have take full control of this pair. We anticipate a price correction to retest either broken support @1.0308 or broken trendline @1.0446. We will look for selling opportunities at these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 4H 13.03.2020.png Size: 108 KB
  • #13
  • Mar 13, 2020 2:11am Mar 13, 2020 2:11am
EURNZD update
Price has continued to push further upward using our trendline as support. We continue to wait for the break of trendline and 1.7894 support. That will be a signal for a possible reversal. A retest either at 1.7894 or broken trendline will be a confirmation to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 4H 13.03.2020.png Size: 87 KB
  • #14
  • Mar 13, 2020 2:14am Mar 13, 2020 2:14am
EURUSD update
We're now holding Buy positions after price reached our entry point @1.1175. SL remains intact @1.0953. We are looking to add to buy positions @ 1.1478.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4H 13.03.2020.png Size: 85 KB
  • #15
  • Mar 13, 2020 2:20am Mar 13, 2020 2:20am
CADJPY update
We continue to wait for wave2 (correction) to complete. A flat structure will see price retesting broken trendline @77.5 level followed by continuation of the downtrend. A break above the broken trendline will see price testing 61.8%Fib retracement of wave1, 80.57 level. We will look for selling opportunities at these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 4H 13.03.2020.png Size: 85 KB
  • #16
  • Mar 13, 2020 2:32am Mar 13, 2020 2:32am
Quoting Bkay23
{quote} I hope you're still holding.
The long setup not entered yet, cashed out on the short but opened another one this morning in the H1 sell zone..... the D1 buy zone is hovering below so am cautiously looking to see if we can get a close below 1.1170 handle to validate continuation of the long term bearish outlook....been a choppy week to say the least
4&1 All Time Profit: $37,496
  • #17
  • Apr 3, 2020 12:56am Apr 3, 2020 12:56am
Hi Professor Can you please make a chart of one hour of gold, please?
  • #18
  • Apr 28, 2020 10:49am Apr 28, 2020 10:49am
AUDNZD 4H Update:

Price is overbought at current highs but one shouldn't rush to sell as yet. Wait for some bearish divergence and a breakout & retest below the rising channel.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 4H 28.04.2020.png Size: 71 KB
  • #19
  • Apr 28, 2020 10:53am Apr 28, 2020 10:53am
EURNZD 4H Update:

Price currently at the bottom of a consolidation. We recommend to trade only on breakout and retest outside the consolidation zone. Look for retest on lower timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 4H 28.04.2020.png Size: 69 KB
  • #20
  • Apr 28, 2020 10:55am Apr 28, 2020 10:55am
EURUSD 4H Update:
Wait for the break & retest of trendline to look for buying positions.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4H 28.04.2020.png Size: 63 KB
0 traders viewing now