ghostdigg

ghostdigg

Looking at a possible double bottom formation near the lows set back after the Brexit vote (marked by the Daily Support). A nice trend this month has brought us down to this level and it has accelerated this week. I will be looking for a break of the most recent trend line with targets back to the longer TF trend line. 1/2 position will be taken on the initial...

ghostdigg

USD/JPY has just completed a large 5 wave formation going back to Sept 2012 followed by a 50% pullback within a nicely formed channel. We are now at the top of the channel and I will be looking for either a rejection of the trend line and a possible short OR a break of the trend line and a pull back confirmation.

ghostdigg

The USD/CAD has just finished a 5 Wave formation followed by a ABC pullback and is now squeezing towards the upper part of the current range. I look for a break of the "B" which will signal a start of a new wave formation. One could enter on that break or wait for the following pullback and enter to catch the 3rd wave.

ghostdigg

All trades will be taken live at www.twitch.tv GBP/USD is now starting the 5th and final wave of the current formation. This is signaled with the breakdown of the last channel. I expect this to pull back and retest that break at which point you can short and catch the larger 3rd wave and a move possibly to the 2009 lows

ghostdigg

All trades are taken live at www.twitch.tv The USD/JPY has just completed a 5th wave truncated and a double bottom. The result was a break of a trend line which should put us in at least a pull back of the larger move or a trend reversal. Time to catch the C Wave or the 3rd wave of a reversal. Targets will be 108.228 or 109.425

ghostdigg

USD/CAD continues its slide and pullback from the last large daily Wave formation. It appears we are still in the "C" Wave. As long as we can stay under the current trend line we could see levels around 1.1400 in the Long Run which would be the .618 FIB retrace level. This should be supported by the rise in oil and my belief that we are headed to $55 - $65...

ghostdigg

All of my trades are taken live and can be watched for free at www.twitch.tv (past videos available. The AUD/USD has just completed a pull back on the DAILY chart and just completed the 1st Wave of a continuation pattern. I look for there to be a test of the trend line and then off to the races we go. However, a break in the current channel may also be the signal.

ghostdigg Updated 

We have just completed a 1-5 wave foramation followed by an ABC. A new impulse wave moved through the last trend line and pulled back to test the break. Support can also be found to the left. Entered a long with SL set below the A. First target will be top of the 3rd wave and than wait for the 5th wave to complete for a TP@.

ghostdigg Updated 

Posted a similar chart on this pair recently. Went back a little further and was surprised to see the similarities in the past 2 cycles. What do you think?

ghostdigg

All of my trades and analysis are taken live and free to watch at www.twitch.tv (past videos are available) Gold entered a bullish pattern with an impulse Wave #1 and pullback Wave #2 to the FIB .618. Followed by a continuation Wave #3 and a pullback Wave #4 to the FIB .382 level. What has followed is a very strong Wave #5 towards recent highs or possible...

ghostdigg Updated 

XAU/USD has just completed a 5th wave and now is making its way back to the trend line in an "ABC" formation at which point a new "1-5" should begin and new lower lows should be met

ghostdigg

USD/JPY is in ABDCE consolidation. Once this is broken one of 2 things could happen. Will enter on the 2 of either position.

ghostdigg

The EUR/USD has just completed a 5 Wave Elliott Wave formation on May 3rd. Note the pullback of the 4th wave violates the top of the 1st wave. This creates an expanding Diagonal wedge pattern. Also note that the distance from 0-3 is the same as 2-5. Another characteristic of this pattern. Typically, the result of this pattern will be a pull back to the...

ghostdigg

Looks like a continued short in the channel to around 152. At this point think you can expect some type of bounce and retracement of the larger move. Possibly to the 156 level.

ghostdigg

USD/CAD has completed a nice 5 wave formation right into previous structure. Look for a pull back to the .382 level.

ghostdigg

GBP/USD has moved to a previous high on a really nice 5 wave pattern. Look for a pull back to either the .382 or the .618 levels

ghostdigg

USD/JPY looks like it is entering a 5th wave of an Elliott Wave formation. Just finished the 4th wave bouncing of the .382 level and should continue to the expansion 5th wave to 113.370 Risk reward is about 4:1