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Elliott Wave Video: Surfing The Waves

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Jan 26 2021

Hello traders,

Below is new video analysis, covering euro, pound, jpy, audusd and crude oil.

Grega

 

USDCAD And Crude Oil Can Resume Trends After Pullbacks

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Jan 25 2021

USDCAD is in a very strong downtrend which may see a new pause if we consider that pair can be now in fifth wave, final leg of an extended wave 3). Latest price action also looks like a wedge which is a reversal pattern, so it can signal for a new recovery soon; ideally back into a new fourth wave. If pair truly will recover then next resistance for a new sell-off can be at 1.2955 (Dec 2019 low), or 1.3000 psychological level. At the same time we must not forget on crude oil price that should stay in uptrend while the price is above the rising trendline, but even this one may face some bears as energy approaches 54.67 swing and Fibonacci resistance at $56.

GH

  



EURJPY Has Incomplete Retracement- Elliott Wave

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Jan 18 2021

Hello traders!

If you are familiar with EW, then you know that after every five waves, a three-wave corrective setback follows before we may see a trend continuation, in this case bullish one. And as you can see on the 4h chart below, EURJPY made nice and clean five-wave recovery from 121.60 lows which actually confirms a bullish trend. Well, after recent sharp and strong decline, it seems like it's trading now in an (A)-(B)-(C) correction that can send the price back to 124.55 – 123.85 support zone from where we can expect aanother resumption of an uptrend.

The main reason for JPY weakness in the upcoming weeks can be also USDJPY chart where price is trying to break out of a bigger daily wedge pattern that can be indicating the bottom and a bullish reversal in progress.
Trade well!
  



Bitcoin: Where Is The Support?-Video Analysis

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Jan 18 2021

Hi there!

New crypto video analysis is here, in which I will be talking about current pullback on bitcoin and some other ALT coins with room for deeper prices. I will also look at AMD and NVDIA stocks to figure out where are we headed and what this can mean for the cryptocurrencies.

Our 30% discount on yearly membership is still active, if you want to apply; plus you will receive a free EW educational videos.
APPLY HERE

Trade well!
GH

  

Can Wedges Cause A Reversal?

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Jan 07 2021

The US dollar has seen a mixed reaction in the last 24 hours despite higher stocks which erased some of the losses after Trump's protestors take over the senate chamber. I still think upside can be limited and that these early year flows can be reversed. There are potential ending diagonals on a different markets that can limit the upside.

But for now too soon to take any action on that picture; I want to see this week closing prices.

In video below I looked at EURUSD, DAX, SP500, USDJPY and GOLD.

Our 30% discount on yearly membership is still active, if you want to apply; plus you will receive a free EW educational videos.

Trade well!

GH



  

Bullish Flag On Gold

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Dec 29 2020

Low interest rates and QE from central banks caused strong bullish trend across different assets. But what we see for the last few months is pullback on gold and US bonds, while stocks are printing new highs due to covid-19 vaccine that brings back optimism for move” back to normal life and economy” in 2021. However, stocks are very high and they may face a retracement next year, maybe even based on “buy the rumour sell the news impact”. In such case investors may look to hide in bonds or metals.

From a technical point of view we see US Treasurys bullish on a weekly scale, and they are unfolding five waves up from 2018 low where 5th wave is still missing as shown on 10 year US notes chart. If you are familiar with Elliott Waves, then you know that impulses need to be completed with five waves so new highs can be in the cards in 2021. In fact, current price action since March on the 10 year is slow and sideways, so based on personality and characteristics we believe it’s corrective wave 4. If we are correct, then more upside on 10 year is also going to be supportive for gold that may breakout of a bullish flag. Some traders and investors may also look at TLT here around current trendline support.

Happy holidays and all the best in 2021.

Trade well!

GH

 

Bitcoin Approaching 25k Resistance . A turnaround in 2021?

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Dec 23 2020

Hello traders,

Below is new video analysis, talking about Bitcoin which broke to a new all time high. However, the optimism is increasing visible through calls like "we are going to 300k", "FIAT is dead because of QE",  and also google search "bitcoin" is popular these days so when something like this happens then you know that it's good to be patient and be aware of a reversal. And as I said so many times before, everyone are looking for upside levels, but only a few are aware of a real downside risk.

Enjoy the video,

Grega


 

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