Price looks to have hit a D extension. I believe this is a corrective structure and now we are completing the A to B wave to complete B to C. Short term buy for longer term sell.
I believe I read this setup wrong when I published on the 25th. I believe there is another wave that needs to complete before price corrects. If this is the case, I see two possible scenarios; 1. price reaching the retracement extension @ ~129.XX or price reaching the last low @ ~131.75. What are your thoughts on this one?
Price could pull back deeper, but looks to be testing the back side of the up trendline. I'd be looking for sell positions at least down to the first TP with potential to the second.
I measured my D extension wrong on this one last week. Price hit D extension this week and looks to have found support. Waiting on bullish evidence to enter short term buy for potential longer term setup.
It looks like price has hit a D extension. Looking for a retracement and then a buy. Short term sell for longer term buy.
Price at retracement level of 61.8, broke below up trendline and looks to have retested. Potential short for ~210 pips.
Oh GU...lol. This pair, this pair. I am looking at two potential scenarios on this pair. Price pulled back to the 38.2 zone. It could continue to the -0.618 extension, or we could see a deeper pullback to a higher retracement level before we see a continuation to the downside.
It looks like price has reached it's current fib extension. It could continue to travel lower, however, I believe we may see a pullback and then a short. I anticipate two scenarios, one for a ~700 pip sell, the other for a little shorter, to the 38.2 fib level before we see a move back up.
Hey hey. I've added some fib analysis on the chart. Waiting for a retracement for a potential buy.
D extension hit on previous down move. Anticipating buy up to 108.88 based on 61.8 pullback. Could stop shorter, will follow with trailing SL.
Price has it first wave extension. Anticipating a buy to the 38.2% fib level of the initial move down for ~230 pips.
Looking for a correction on this pair. Price has hit a D extension.
Short term short for long term buy. It appears price has completed 5 wave sequence and D extension has been hit. Price could retest the last high before correcting. Anticipating a 400 pip or so move before considering continuation to the upside. What are your thoughts on this pair?
Looking at a potential 700+ PIP move to the upside on this pair. Price has been trending down since March. It looks as though support has been found and price could be heading back to the upside. On the daily, I'm anticipating a move up to at least the 38.2% level which is roughly 700 pips away. I'm watching this one closely. I have not executed a position...
Forgot to publish this after the video. I believe the corrective structure (ABC) is complete and now we can start to look for sell setups.
Break of TL on daily. Waiting for a bit of a deeper retracement. Potential swing trade for ~ 400 pips if we get that move down.
Looking for a long term setup on this pair. I believe it will travel to the 1.85XX area. I will be taking a quick buy and a longer term position on this setup.
Looking at a potential buy on this. Price rejected at 4HR resistance level. Price is currently sitting at the 50% fib level. We could see a deeper retracement to the 61.8 level before seeing a move up. Nonetheless, in theory, price should travel to the 1.618 level.