AJ appears to want to make a further correction here. Considering wave 2 was so simple, makes sense. I don't just enter trades and hope for the best, I trade of pattern and price action, that's why you see no SL and TP. Plus it's Sunday and US government shut down makes me cautious to trade any pair and I will be looking more toward Tuesday to Wednesday for...
At current market price look to take shorts on EURNZD
Watch for one these two possibilities to unfold as we transition into the 2018 trading year.
Look for to go short at the top of the descending channel.
I am watching for a short trade coming on GBPAUD. From the top it seems we have received a nice reaction to the top trendline of the pattern. Watch it closely.
Here price is forming a continuation pattern. If we see a strong break to the downside look for sell positions.
We expect to see a correction due to this parabolic movement od REP!!
Here is the bigger picture for EURCAD. Wait for another leg down in the descending channel and look for opportunities to go long.
Price has found itself at the bottom of the bigger pattern and I am expecting a breakup out of the falling wedge. Look to go long soon. Good luck
Wait for the continuation pattern to form then look for shorts.
Price has broken out of the descending channel so look to buy at the bottom of the continuation pattern to continue long with price.
Price is near the top of the ascending channel. Watch for short positions to join the big move down.
Here on USDCAD price is currently rising. I am expecting a break up to continue the trend. Once price has reached the top of our bigger pattern I will look to take shorts.
Here we are close to the bottom of the pattern, if price does not break the bottom look to take long positions.
Here I am watching for long positions at the bottom of the pattern.
There is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.