WaveRidr

WaveRidr

GBPJPY - Will either rise a break the previous highs then drop or play the weekend rise. Where it will rise above the opening.. consolidate. If this happens we won't wait and short it during the Asia session

WaveRidr

GBPUSD - Cable has a nice zone which was strong 3/4 times as a support, broke through once and now retesting. Potential to short straight away or wait for the retest.

WaveRidr

Long EURNZD the euro crosses are all down a little at the moment and this one offers some potential, the 3 waves down is not as clear as i would like but the NZD has been the weakest currency for a few weeks and the prospect of taking the Euro against it is really interesting. The daily chart is clearly bullish and likely to head to 1.70 inn the remainder of this...

WaveRidr

Long EURUSD the proposed buy area has an important trendline running through it which may add additional support to the pair. I have traded this pair 4 times since April with a 100% success rate, the impulsive move may have ended and a 3 wave pullback appears to be moving back towards the trendline. A decision needs to be made about when to enter, a large stop...

WaveRidr

Long Gold, after yesterdays trade closed for a small win and the correction continued lower it is the strategy to buy again at the end of the three wave bounce of higher degree. The larger 3 wave bounce is denoted with the green w-x being the middle connector wave. It would appear to be a very good set up and the only issue, is the resurgent USDJPY.

WaveRidr

Long AUDNZD we bought AUDNZD in late June at equal legs for a good profit, since we closed the trade (it is shown on the chart) the pair has been in consolidation mode

WaveRidr

Pull-back of wave 3 complete. Current eco-pressures mean I'm keen on commodities. This is the best option... long term

WaveRidr

All of the trades seem to depend on the USDJPY, it is in a short term bearish movement that would appear to have a final target of 108, the Yen pairs and indices are unlikely to make good positive progress until the USDJPY either hits that final target or fails to do so reversing course at the trend line on the chart. Once USDJPY does make a bottom expect trades...

WaveRidr

Long NZDUSD, the pullback hascontinued to develop after the failed entry at 0.7422 (now marked as pink (w) ) because the pullback has oved from 3 waves (a-b-(w)) to a much larger 7 swing move we have moved up a timeframe to the 4 hour chart, this means that stop loss, likely lenght of trade and potential return are larger

WaveRidr

The EURJPY is the first pair to show a clear three wave pullback in the making giving us a good potential entry point. The markets are at a clear juncture point which offers great potential in the coming weeks as they look to be ending pullbacks in commodities, indices and yen pairs at roughly the same time. I call this a fixed market and it offers the greatest...

WaveRidr

GBPAUD I have increased the target for this pullback to accommodate the EURAUD which is about 100 pips short of its projected turning point, that kind of cross market analysis between correlated pairs helps with timing of entry points. The Red line is the 50% line for the move being corrected which can serve as some resistance. At the moment this trade looks...

WaveRidr

The USDJPY has changed, having been essentially flat and choppy for the last 12 months it now looks to be taking on a bearish outlook. This can be seen as a combination of the price action, the dropping economic performance as measured in the surprise index and the Trump administrations seeming failure to get anything done. Debt ceiling talks are approaching,...

WaveRidr

GBPCAD is already in the blue box suggesting its recent pullback is complete or very close to being complete. A number of technicals suggest t still has one more push higher to go. The wave count is on the chart showing one more dip before finally topping. This wold agree with the position of the GBPAUD which is still short of its turning area and these two...

WaveRidr

As you know Wave Analysis only works when you include the wider economic picture. A pretty clear 3 wave correction appears to be playing out that plays well to the idea that the UK economy is facing headwinds that will inevitably lead to a slowdown in economic activity and a further reduction in the value of the GBP. The issue with this trade is the very bullish...

WaveRidr

I am always looking for opportunities to Buy the Yen pairs, i dont trade this pair that often but an opportunity with the EURJPY has a stop loss of more than 150 pips which i dont like. CHFJPY is either doing a really deep correction (in black) or has finished and will make a new high after which I would like to buy it. Either scenario seems a good risk reward...

WaveRidr

This will be our third attempt to catch this move higher, we missed by 2 pips a couple of days ago but are not changing the plan. We will continue to buy the pullbacks as long as the trend at higher degree remains upwards. It is FOMC on wednesday 6pm UK time and that adds significant volatility to the outlook, a decision will have to be made before that point if...

WaveRidr

Long CADJPY another pullback against the dominant trend, this one last appeared as trade 17 and was successful. It is quite a small pullback and hence has a small stop loss giving the trade excellent risk reward. Even though FOMC is approaching the stop of only 20 pips makes this one worth the risk even if the GBPAUD had to be cancelled for this reason

WaveRidr

I missed an entry at the blue x having forecast the turning point from red w- x but had to cancel before execution when the wave pattern became too confused (see chart from last week) the price is close to the triggger area already having moved quickly in the Asian session. Their is always a risk factor and in this case it is the current dollar strength,...