This one is a beauty. It is on a wave 5 of a 5 wave. So I would expect a 3 wave correction to correct this 5 wave retracing it 50-62%.... Look for some overlapping price action to get proper entry. I see a lot of evidence for dollar retracement. The DXY can really come down from anywhere, but I am looking for ending diagonals on Uzar and Ucad for potential perfect...
See that diagonal break and the candlestick price action on the daily (consolidating right below the first low of diagonal)?.... With that daily candlestick cluster, EJ can just keep those headphones on playing the euro's favorite song by TLC.. So I creep, yeah, just keep consolidating cause no one knows which way I'll go....Except Remy, who is me btw.
I posted this London close scalp a bit ago. I mentioned that EJ is at the 200 ma on monthly. It is possible I achieved immaculate entry on the start of wave 2, which would retrace probably 50-62%.. It is also possible that it is just a scalp. I already scalped it, slid to profit, got taken out, got back in. Keep in mind yen pairs don't always do exactly what...
pfff... explaining, impossible in text. I'm gonna get my trade room going. Gcad was an easy sell entry today. I actually had a line at the exact level (to the pip) it pulled off. I am not in it, already too much GBP on portfolio. Could care less, so many charts. Bearish butterfly pattern, which Ecad also produced, but a more contracted form (I am in that). Gbp/Cad...
EN produced a bullish butterfly after wicking through .618 level. Aud/Nzd also produced a harmonic. In fact, there are harmonics everywhere right now. We have NZD retail sales this afternoon. Here's the thing... AN broke a diagonal and gave me my buy setup, which is in profit, but EN did not break a diagonal no matter where I draw them from. Hard to explain. But...
Price action, pattern creating nice divergence. I would look to those fib levels for shorter term targets but would definitely want to leave some gravy train running and see where it takes me. My weekly outlook will go over these CAD pairs
Who got that GU sell I was talking about? Gave a couple setups.... As of now I would be looking to take it to red trend line. Those Ray lines are the potential targets longer term, but the pattern it makes on the way down would help tell us what to do with it.
Here is another late markup after the fact because I couldn't post. My trade group got this entry. This was about scalping to high (that ray line) and then letting some run because this could have some real nice downside potential. But entries are important. I saw a sell setup.. I took it. It hasn't "Confirmed" down trend in place but just looks like an ending...
I've been talking about this one. I posted a london close scalp. But I am still looking for the longer term sell. Right now we may have a diagonal pattern here in which wave 5 is breaking out of the trend line. However it is dangerous to just enter and hold, but if you did scalp or see scalp entries entertain the possibility of this daily candle becoming a wick......
I am not interested in selling EA again yet. Called the sell at the top, and the buy from the bottom BTW, just not in here. I expect some further correction up. I removed all my trend fibs and simplified for clearer chart. I see more downside but expect another leg up before any bearish continuation. I feel like the current pennant that it is in on 1 hr is...
The recent bearish move in Gold has seen price almost recovered the last gains. I think there is more room for price to rally further as the current dip looks corrective - a zigzag pattern. The last wave of the zigzag is a clear diagonal pattern. I am expecting a strong bullish move to break above the last high. If this wave count is correct, an even stronger...