UJ completed a large correction down in 7 moves, looks to be upside on weekly. Refer to my next Uj chart.
I should have just called a limit order at that 618.... But obviously strong uptrend, just pointing out that we are in over bought territory on daily, I would rather have liked to have seen it extend more. The question is, did it do a running flat and are we going up A LOT, or is NU (which I will just have to look at later out of time right now) about ready to...
I posted this for a possible london close sell scalp. It's possible we get a good amount of downside from here, but also may not. Gchf looks to have completed a diagonal pattern and is on it's way down (big picture). I am just showing you that you need to know possible scenarios in order to enter and manage a trade properly. It retraced 50%, but could retrace 62%,...
Forgive the mess on the chart. I am sure everyone is all gaga over EU as a sell. Hard to explain in text, but I am not in EU yet. I am looking to buy off the 200MA (618) level. If doesn't work I will need confirmation on sell. If it did a 3 wave for a "B" then you supply and demand traders have a nice 5 wave going down for a flat pattern. However, it did not...
possibly london close scalp only, but could go down to fork from here. I don't like the TDI on the daily, shows it could go up more but considering amount of divergence, possible it swings 7 down to fork, but be careful. Looking for the long term sell on this one.
U see the zone and TDI divergence. It is now creating a downward diagonal pattern. This could swing up for a 7 but may want to TP 1 at 62% of move down and TP 2 go for the big one. I would prefer to enter this trade based on confirmation of the diagonal breakout but with NFP tomorrow may not get that. Trade carefully Friday. If u need a better look at my levels...
X marks the spot. Reversal pattern looks to be under way, you see the zone. Major divergence 4hr. It has some room down in that zone and it is NFP tomorrow. Trade patiently and responsibly.
NCAD did what looks like a 7 swing structure. Measures out, I am trying to scalp it to trend line at least, Pattern could expand down, so I will just watch the price action and see what kind of push up. It retraced 50% of wave up. If pattern will expand down I would think it may turn at the 89.70 level
Me personally, I am not selling until I see some sort of ending diagonal. As far as how far it will retrace from this smaller 5 wave, I can only speculate. As far as the longer term pattern though, I would be looking to possibly 66.000... possibly, but I ain't interested in entering NU quite yet.
You see where I am looking to for the longer term sell.... I will have to post a second chart zoomed in to show you. Looks to be forming a wedge and we very well may be getting a decent sell before it makes one more push up to that level I have outlined....
If one wanted to take a stab at selling Echf, now would be the time with very small risk....
We have pitchforks converging at the the 111.75 hesitation zone line for the 112.00 price mark. You see the equal length measurements, which makes sense to me with current wave scenarios. I am posting these USD charts, I can't guarantee USD will spike up but I see a lot of evidence of it through the market. NFP friday... Watch that level...
I am simply showing my chart..... I just feel the need to point out the potential MASSIVENESS of a long term buy on Acad.... I'm not making a trade call here. You see it holding under the 200 at the moment. It did complete a running triangle though (which it is breaking out of) right at the beginning of this weekly candle. Very risky play dependent on what Cad...
Within its current wave pattern I would expect one more up. Look for a reversal pattern to 618 fib or wait for flag. I will post a quick video on my youtube channel Pipdr going over these usd pairs some time tomorrow probably. If u look at uchf similar type trade and concept. I am speculating potential retracement on DXY but you gotta understand how to read price...
This is not a pair or pattern to trade for the inexperienced. Echf created an ending diagonal which did not break to downside but created a combo into another diagonal pattern which at one point appeared to be a bullish triangle but rejected the 1.382 fib extension of wave 1 of a larger scale, now giving argument for ANOTHER ending diagonal... Regardless of mumbo...
U would think it would finish out a correction. Obviously news has been giving Cad momentum lately, but normal market structure would say the rest of a correction is coming. It is stalled at the 786 fib of previous down move
This is based off of an EA previous down trend pattern. The trade off the top of fork is the real one. Very strong. You match that with divergence and time of day it is money in the bank