tradewithkara

tradewithkara

I like this area of resistance. I think we may come back down for a retrace to 38.2 or 50 before a shot back up.

tradewithkara

I like this pair for a short this week and possibly next. My trend lines show the flag ending for a possibly even BIGGER drop.

tradewithkara

Watch for this sell! It may test a few times, but this will ultimately be a sell coming!

tradewithkara

We want EURJPY breakout of its consolidation before putting in any trades! Stay patient!

tradewithkara

Take a look at this lovely wave formation! I believe EURUSD will fall in time! If it breaks that trend line, be careful with those sells. However, this could play out NICE for plenty of pips!

tradewithkara

If you take a look at this chart I had marked up a little while back, you'll notice some new support may be created. HOWEVER, given this is a weekly timeframe, I still expect EURUSD to drop. I just don't think it will be this week. I still has some bulls tugging at it!

tradewithkara

I'm looking at this on a WEEKLY chart! We have this pair bouncing off the 38.2% fib line. THAT IS MY TP! Make sure you place stop losses into profits upon reaching the 38.2% area.

tradewithkara

I have circled the support and resistance in this pair. This our WEEKLY chart. That long wick is an indication of a correction! The 38.2% is my TP on a SHORT. If it continues, we're looking at 50% next. If THAT continues down, we're looking at 68% as a 3rd TP. Watch to see what happens in the coming days.

tradewithkara

We have to watch what EURUSD does at this point because there are some MAJOR resistance lines.

tradewithkara

I'm looking for EURAUD to retrace to the trendline and bounce off it as support at the 38.2% fib line area (1.49030-1.49065)

tradewithkara

This is a higher timeframe! It's time for EURUSD to correct! Our next line of support is at to 50% fib!

tradewithkara

There is a harmonic within this, which I will add for those who like to visualize. I just wanted to post a simple trend/resistance/elliot wave idea.

tradewithkara

After being asked to draw up the chart trend in the IML Academy yesterday, I drew this and couldn't figure out how to post it so the teacher could see! Here you go Lex! Looks like that Elliott Wave action!