Here is the bigger picture for AUDCAD as well as a smaller time frame view. I will watch for a buy setup at the bottom when price hits the trendline and hopefully we will see wave five to the upside.
Here I have compiled a wide view of the next move for AUDNZD. The descending wedge has been broken and we should see an impulse to the upside. Be aware that a flat channel is in action on the 1 hour timeframe. Look for the breakout for a profitable trade to the upside.
Hey Traders, today on Gold we have an ascending channel. From the looks of it there is a corrective structure which should reach the bottom of the channel. If price reaches the bottom I will look to buy. With the help of MACD price is very predictive. There are big bullish formations on the MACD and very small corrections, so just as my notes in the chart say, we...
Here on AUDCHF if price forms a descending channel, I will buy at the bottom. Here I show you two types of entries, one at the bottom of the pattern and one at the breakout. You decide which is best suitable for you but be aware that the breakout entry assumes more risk.
Soon we will see a very good opportunity to buy USDCAD at the bottom of the trendline.
Here's a very simple pattern setup here. Look to sell when price reaches the top of the trendline.
On the left I am showing how a wave theorist would look for a trade based on impulses and corrections. On the right I am showing how a 2618 trade setup works. As you can see, these are two totally different trading strategies but they are both giving the consensus of a short bias for the pair.
Into the new year I am expecting to see gold break out of this reversal channel and move to the upside a bit.
Waiting for some sort of impulse towards the downside. Be patient.
Very easy pattern recognition here. Lets see if we get another move down before breaking out of our trend continuation pattern.
The pair has room to move to the downside but it will come up in the near future. Watch the box as a reversal zone
Waiting patiently for this pair to correct up to our trendline. Be patient people, no early jumping.
Although USDCAD has been correcting for the past while, I am short on this pair. Please wait for the breakout before placing any trades. No need to get stuck in a trade that may continue sideways.
Here is a very simple trade setup on EURCAD.
I believe this pair still has some room to play until it comes near the shorting area.
Waiting for price to complete this corrective pattern before entering any trades to the upside.
Watch this pair closely for a wave down.