The 86.5 handle is where I will be looking for a major reversal on the AJ due to the numerous reasons listed on the chart. This could be the start of a huge 3 wave down or maybe just an x wave to connect a Z wave up. Either way this pair will fall significantly thus giving traders an opportunity to take advantage of the expected movement. Use your own strategy for...
EU completed a very complex B wave and is poised for a massive C wave up. I don't put much weight on fundamentals ( it's already priced in at this point ).
Details on the chart. Until someone discover a corrective structure more complex than a triple, this wave count shows that kiwi finished correcting on a weekly level. Although the wave going down isn't as violent as I would like it to be, it is possible to be a leading diagonal for wave 1. Expect price to go up somewhat before coming down.
There is a big fall on the aussie, but first it needs to complete its correction UP! B wave looks to be finished, but just to be sure, put stops under the origin of wave a.
5th waves are great setups to go short. Use your own strategy for entry and exits.
A reversal on a smaller TF indicates that over the medium to long term, this pair is likely to go up in a corrective movement. I will look for a pull back on a trading TF to enter long. Please remember that this is on a weekly chart.
CAD is close to completing another structure on the daily chart. After the Z wave completes, this pair WILL fall. Only question will be whether this is THE big fall or are we going to have an X wave down to connect another 3 to 5 wave structure to extend the corrective process. Either way there will be an opportunity for quite alot of pips down!
Price was rejected near the 81 handle, indicating a possible reversal. If this is true, we have a short trade to complete wave c of B.
Keeping this simple. I see an impulse, a complete abc correction, and the next move down. That's my rationale for this trade, in 1 sentence. Stops above the green line.
I've been tracking this pair for a long time. AJ finally made a C wave and has made a buy signal on a lower TF, indicating that the C wave is over. Every point on my checklist is marked and it's time to ride the Y wave up to about 85. I'm expecting a 5 wave move up terminating at the harmonic AB=CD point. Check out the R:R!
Pair made a classic flat pattern. I'm waiting for confirmation of a continuation move down. Conservative target at the green line.
I changed my wave count after GJ produced a more complex correction while breaking the trend. It possibly made a wxy zig zag and could be making another smaller similar pattern going down. If price action prove this to be true, then a buy near 132.50 may be the best entry to take advantage of the next big wave going up. The violent upswing on the most recent x...
crude completed a zigzag and a harmonic move at the critical 786 fib. stops above 48.5.
There is quite alot of discussions regarding the direction of this pair, both short and long term, so I decided to look at it closely. After making a powerful impulse down, CAD is now needing a long consolidation period. The corrective structure is unfolding as a complex 3 wave structure. A 5 wave structure is expected for the Y wave, and more time is needed...
GBPJPY is in wave IV of 3. Wait for bullish price action to confirm wave V before entering trade. Wait for complete test of the trendline and bounce. There are some nice pips to be made before wave 4 correction. Let's not miss this easy one.
The GBPJPY is definitely making an impulsive move up in a C wave. It is now in wave III of 3, the meat of the move, and will soon make a significant correction after completing wave V of 3. You can try to short this pair in wave 4, something that is tricky and counter-trend, or you can buy the break out for wave 5 (better to go WITH the trend). The end of wave 5...
Hello, after performing a wave count analysis on this pair, there is a buying opportunity soon after some correction. The target point is on the chart. Then we may have a sell opportunity once price action is rejected from trendline. If you somehow did not manage to trade this pair during Brexit, do not miss this opportunity to short it at the x-wave termination...