Short USD CAD on daily pinbar down on trend resistance. Watch the weekly downtrend line. Watch daily channel up for downside breakout.
I will be buying NZDUSD at 0.7174. This is the completion of a possible ABC correction from a 5 move impulse. This same level is 61.8 retracement of wave 1-5 and is 1.272 extension of move 5-A. This level is also very strong support and completes at wave 1.
I wish there could be one more down move for this pair. There was a formidable move down back in January. This is why my analysis suggests to sell each flag breakout for the price to create a zigzag move.
This pair, like other JPY pairs, is in the midst of a short rally while we wait for volatility to return to the market. When it does I'll be looking or opportunities to buy the yen. I will only be pulling the trigger on this on a confirmed breakout. If and when wave-(A) completes, our best move will be to sell the (C) wave toward further dropoff. The next...
It is very likely we would see this pair coming down during next few sessions to react to the previous pulse down. Beware of the ascending trendline of the pattern. If the price hits that trendline and bounces off, put your trade to breakeven.
This pair has completed a descending triangle and has exhibited a strong breakout to the up-side. I want to be bullish in the long term after this correction. However, this correction is very possibly going to be sharp to the downside to satisfy the Elliott Wave rule of alternation since we saw a sideways correction in wave-2. Also, the previous red candle was...
Update from my understanding of Wave Principle! Looks like a combo corrective structure that went from a flat to a zig-zag! Waiting for a good place to jump in long! Will keep it updated! Trade responsibly! ;0
You'll see some comments on the chart. I have been missing out on some trades by sleeping! I can't say that that's a bad thing :D Have a good week!
If price breaks down and I can establish a clear or clear(ish) b wave I'm going long and setting up possible sell limits. Thanks for checking this out! Have a good trading week!
Hi traders, correlation with NU. This appears to be making a continued correction. Thumbs up if you agree and comment with feedback! I look forward to talking to you!
Hey traders! We have a potential breakout here toward the downside on this pair. I like the bearish impulse in wave-A of the bearish correction. It's a good indication that we have an upcoming five-wave impulse wave-C. In order to be sure wave-B is complete, I want to get in after the support is broken with a SL above the strong S/R zone. Happy trading
Happy new years eve traders! (my time in Chicago) As you all know I've been staying up to date on my ideas taking them piece by piece as they develop. The chart explains what I'm thinking, and other than that... ITS TIME TO PARTY!!! I hope you all continue to kill it in 2017! Give me a thumbs up if you like the idea, comment with what you are thinking, or just...
Hey guys, Here's the other analysis I have been studying. GBPUSD We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea. Now we have a new downtrend impulse so we want to look for a sell. We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag...
Watching, and waiting. Let's see what happens! Happy new year everyone!
Ya'll already know I'm shorting the shizz out of UC. Trying to sell from the top. Looking to place a sell when we get to the top of the D structure! Happy Holidays, be blessed and trade responsibly ;)
Bearish Zigzag Correction on the GBPUSD to 1.1700. This I feel will be a correct and looking for a bounce at this level.
It's not OPEC, it's just wave C technical analysts could argue ))) We can reach at least the former peak at 69.59 where the C almost equal to A. Amazing power of digits and their ratios.