About meElliot Wave Trader - Swing/Position Trader.
Pairs I Cover - EURUSD/GBPUSD/USDJPY/GBPJPY/XAUUSD/AUDUSD/USDCHF/CADJPY
Master the charts. The rewards will follow!
#JugFX - Under Construction
Instagram - @foreign_jugfx
A potential short opportunity is being presented, as price action here is clear,
we have broken and closed below my respected counter trend, now we looking to be retracing the CTL,
simply will be awaiting an sort of pullback/correction, up to the 61.8 fib, before looking to go short on this pair
instagram - @foreign_jugfx
hey guys there looks to be a good selling opportunity which could take place in the next few days or few weeks, and the moment we're seeing bullish momentum in the market and I'm expecting price to continue to the upside, until we reach my respected resistance zone of 84.984 where would be my preferred entry as it has a better risk:reward ratio, if we do see price...
Entered longs on UJ at the end of last week and held this trade during the weekend, the market open on Sunday seems to have opened with a gap which Is something I don't like,
However, we did see some heavy impact news with the Retail sales effecting the US Dollar positively, hence why we continued to see further upside on USDJPY
Profit targets around 111.753, this...
as expected. price has started to reverse to the downside, this trade idea was posted some time last week, had been stopped out previously as we looked to be pushing up a little higher which it indictate a better risk:reward trade set up, have awaited patiently and entered this short position, where this trade is now risk free +30 pips
It looks like we had a negative Us dollar, due to the FOMC Statement being released. I was anticipating some sells on DXY, to around 96.10 area, so hence why we have seen futher downside on USDJPY, as previously we had broken my respected and retested it and then I entered a short position. TTargets around 110.300-400 area
This trade is now risk free
i know i've had a long term bullish bias on this pair, we seem to have been in this range for quite some time,
ideally, i would be looking for a sell opportunity on this pair, if we don't see a clear break of the CTL
will be keeping my eyes on this pair
AUDUSD - I will be watching this pair for a possible short opportunity if we can see price come up and test against my resistance area of 0.71885 which appears to be where my 61.8 fib retracement is, if we can maintain a close below that level and see some bearish momentum i will be looking to short this pair. if we break my resistance area and then retest it...
Have been keeping my eyes on this pair during the brexit vote etc. Start of the week, we did see price push heavy to the upside, awaited a pullback before entering
price has smashed through my tp +140 pips bagged on this pair
with usdchf, i was expecting some downside movement due to the dollar weakening etc. Ideally, I was looking for this pair to pull back into my highlighted zone, creating a double/triple top before crashing to the downside. This is now a risk free trade as I'm around +40 pips up on this pair. I can price pulling back to my CTL before some more sellers come into the...
i think we can all guess whats going to happen soon with gold.As we can see on the weekly timeframe, a nice pinball being created and if we switch to the 4hr we can see a triple top being form. Price has already started to make its move to the downside. elliott waves has confirmed my analysis of the move to the downside
Happy new year guys!!!
2019 will require alot more focus and discipline to see myself more profitable in the market
However, analysis wise everything looks to be intact correct. I just need to apply these to my trading game which is coming!
As for u\chf with elliott waves confirming this trade idea, look for a possible buy set up which could take place...
Have been watching DXY Closely the last couple weeks, as I was anticipating this move to the downside
As we should all know with the dollar weakening, a good indication to Buy XXX/USD and sell USD/XXX
We have NFP tomorrow so will be keeping my eyes on the dollar index
Elliott wave had confirmed my idea of the move to the downside as DXY created a nice double...
Have been calling UJ Shorts for some weeks now as price looked to be struggling to move up any higher
I'm expecting UJ to reach 112.350/400 area
Elliot wave has confirmed this downtrend, and with DXY also heading down this has made my analysis more clear
Will be looking for flag formations, before entering this trade
Watch on lower time frame for a strong bullyish engulfing candle
if we break the counter trendline, and close below it. we could be looking for some futher downside on this pair
However, using the Elliott wave, it has helped me to predict where I could potentially see price heading to next
We're in a uptrend channel - and I'm expecting the uptrend to continue...
A nice buy opportunity happening for GBPUSD
As we can see on the 4hr there is a nice double bottom being created
Look for bullyish engulfing candle, before entering
Watch price carefully has DXY looks to be heading to the upside,
with the possibility of it heading to the downside in the next upcoming days