akumjoel

akumjoel

Waiting for price to retest the trendline again in the form of a correction for the next impulse

akumjoel

After the positive NFP last Friday for the US DOLLAR, we saw the Bears taking over the market as price pushed lower to break the red Daily trend line. We're now waiting for a small price correction to make the 3rd touch on the 1 hour trend line go go short. Let me know what you think in the comment section. Best of luck for the week ahead!

akumjoel

On the Daily timeframe, we can see the completion of wave 2 correction (a,b,c,d,e). Now looking forward for the next bull run.

akumjoel

We're looking to see a resumption of the bull run on the CAD INDEX as price is currently completing the second wave of the 3rd leg. A break of the red counter trend line on the weekly timeframe will give us a confirmation that wave 3 is about to begin. It is important to know that the CAD INDEX is not a tradable pair but can be used a guide to trade CAD crosses. A...

akumjoel

AUDCHF 3rd leg is already on the move. Trading is a game of patience. We'll be looking at smaller timeframes for additional entries. Let me know what you think in the comments.

akumjoel Updated 

USDJPY still looks bearish to me and will hold the daily trend line. Still waiting for another push to the downside

akumjoel

Price has successfully completed the ABC correction on the 2nd wave of the impulse. We are now ready for the 3rd leg which is the longest wave. Let's watch for rejection at the current trend line on the lower timeframes to enter with stop loss below last swing low. For safer entries, we can wait for price to break the counter red trend line for confirmation. Our...

akumjoel

The British pound is generally bearing. I'm waiting for for price to push higher to the 4H trend line around the Fib 61.8 area to go short with target around the -0.27 area.

akumjoel

Price has completed the ABCDE correction of the second wave of the Elliot wave pattern and now ready for the 3rd leg