Cherizon Waves

We are not saying we see the future, but . . .

We continue to see a corrective market phase across most pairs. Gold seems to be forming a Triangle in a minor wave (b)

03.06.2024
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We hardly miss the impulses as you can see from previous posts and how they've played. We wish you a Fruitful Month Traders!

29.05.2024
Wave Analysis plus chart patterns.
Our forecast shows most pairs are within channels and in wave C. As you may know already, Channels like the above are Corrective Structures.

While the Bullish moves we're really favorable, the market has to correct.
We need to be cautious about the depth of the correction as the impulse up was heavy.

A retest on broken channel for Eurusd is anticipated for. We are keen on entering after the retest for a potential bullish run of about 200 pips.

Gold is resting at 61.8% fib.
If its indeed a wave B ending, then we should see a drop from this level. Keep an eye

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Before and After +103 pips
The fundamentals of Wave Analysis are in a way that the Trader's outlook remains in play for a longer time. All he needs to do is align himself and add positions accordingly until the target is achieved.

FOREX ORDERS
Basically, the term “order” refers to how you will enter or exit a trade. Here are Entry Orders;
Limit order
Instructs a broker to buy or sell a specific amount of a currency pair at a specific price or better
Market order
Instructs a broker to buy something at the current market price
What do you know about the exit orders?

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It's hard to beat traders from Cherizon Waves. We have developed a 'third eye' to see the invisible in the market; like the next move.

We owe it to the art of Wave Analysis and the science of Fibonacci Ratios.

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After the touch on 78.6% Fibonacci Level, the market price has since dropped 56 pips.
We continue to see a disparity in how has playout despite the strong correlation between these two pairs.
We are keen on making sure we catch the next Impulse while risking the least.