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Bull Gateway:1852 Gold has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it’s above 200 MA. That’s a good sign for buyers! If gold breaks the parallel channel, my upside targets Continue reading
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MSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).
Traders can expect the following targets: 289 – 272 – 265 for wave (c). Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel. Invalidation is available for premium subscribers only.
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AUDJPY is forming a contracting triangle. Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).
In my previous article, I have mentioned that “Wave (E) can complete between 0.618 to 0.786% Fibonacci levels. That’s why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E”.
The ending point of wave (E) is the starting point of an impulsive cycle. Due to bearish sentiments, the price may touch the A-C trend line and start the bullish move.
Safe traders can enter after price make an excess on the lower band of the channel. They can expect the following targets 82.565 – 83.850 – 84.185+.
EURCAD is forming a downtrend channel. Price is establishing a final sub-wave 5 of wave (5).
In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156. Price reached all the targets of wave (5).
Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.
After making wave (5), if the price breaks the B channel, it can go for 1.4377 – 1.4466 – 1.4569 – 1.4645+. And Price will start a new 5-wave impulse structure. Invalidation is available for premium subscribers.
Please note that without a breakout, trend changes may not be possible.
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AUDJPY is forming a contracting triangle of corrective wave E.
Wave D was near to accomplish, and the price had bearish sentiments, where it was a beginning phase of wave E.
I had written in clear words, “Wave (E) can complete between 0.618 to .786 Fibonacci levels. That’s why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave E. If you want to trade wave (E), then you should have a trailing stop due to the high volatility of wave (E)”.
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