Looks like a corrective structure for downside - expect to retest previous low. Happy Trading!
Just tagged the low.. downside now may be limited. I am eyeing a break for up side -- Happy Trading!
Bigger picture on the USDCHF.. this daily corrective structure looks for more upside in the bigger picture. Lets see how it develops..
Soon will complete a 5 wave corrective structure - 786 fib is a good buy with nice risk to reward. This is a risky trade - trade accordingly - waiting for a breakout for the upside is the more conservative approach. Happy Trading.
Happy Monday fellow traders! With good momentum to the downside and a nice trend line and flag. Selling this break for a retest of the low could be a good idea! Happy Trading. Not a BIG trade - but could take 150pips if we get this sell to the previous low - not too bad!
Move 1 possible to 'top' - second move may be better if breaks out of 4h structure
Expecting a break of this to drop and may retest the low here. Could be a nice 150 pips!
Looks to be in a expanding wedge pattern. nice flag for move up - possible out of correction for next impulse up.
broke weekly down trend for first wave up and retraced to 786 - looking for the next upside and earnings are out tomorrow morning. May be a good time to buy for a chance on upside here!
Options traders.. Silver has broken the daily downtrend and soon may be a good buy for a 30 day call on the break of this retracement. Good luck and happy trading!
We have a weekly downtrend that we are approaching.. On the daily there is a completed 5 wave diagonal structure with continuous divergence and the look of consolidation below the broken trend line and we near this weekly area. Will EURCHF breakout of the weekly downtrend? or one more drop! -- either way a nice trade set up may be in the making! To me, at this...
It is possible to break for more correction, but I am look for the short for more downside early in the week!
EA is in a daily pattern and the target above is clear - once there we will determine if another wave down.. or breakout. If you look at he previous move up.. there are expected pullbacks.. this pair looks primed for a pullback SOON before gearing up to take the next leg up on the daily. We can trade this correction down to the lower line and may break a bit...
Approaching the daily down trend line - UJ is channelling to target. It looks primed to watch for another downside in the channel and hold for possible break out of the 4h uptrend for a nice nice move down! Happy Trading!
If this completes as a wedge may be a good idea to buy the break for upside on this pair!
We are at a critical point - GA will either breakout or go back to downside on daily. I am more biased for a sell. Either way a good trade will be ready this week or next week. Watch this one- dont miss it! Happy Trading!
Good flag formed on 60 min for a possible sell. Break of the down trend line invalidates - i.e. don't take sell if it breaks trend..
Momentum is finally waning in the sharp down wave on this pair.. we have broken the trend line and although there may be a sell in play right now watch for the bigger move set up for a buy back up to the higher trend line. Lets see if we get this set up this week..