glennmercer

glennmercer glennmercer PRO NZDJPY, 30, Short , 4 days ago
NZDJPY: NZDJPY Wave Count:  Technical + Fundamental Analysis
247 4 18
NZDJPY, 30 Short
NZDJPY Wave Count: Technical + Fundamental Analysis
After this bearish impulse, it is likely that if the entry level is taken out we may see further downside. The EW count suggests the same. Also, with the inauguration occurring today, there is a possibility for a "risk off" economic environment to take the reigns which would mean a drop in riskier currencies ...
glennmercer glennmercer PRO GOLD, 240, Short , 8 days ago
GOLD: GOLD Wave Count:  Sideways to Potential Cypher
379 3 15
GOLD, 240 Short
GOLD Wave Count: Sideways to Potential Cypher
Gold is in an uptrend on the hourly chart and a downtrend on the daily chart. On the weekly, we have a classic cypher pattern emerging if price should drop further. During this short-term uptrend (it will likely be short-lived as the wave is best counted as a corrective structure) we can see a channel potentially ...
glennmercer glennmercer PRO AUDJPY, 60, Short , 7 days ago
AUDJPY: AUDJPY Short:  Channel + Triangle Breakout
341 8 17
AUDJPY, 60 Short
AUDJPY Short: Channel + Triangle Breakout
Hey traders, breakout to the downside on this pair. Trade is immediately active. Look for a few longer term targets with the most profitable being 82.5. Moving to B/E at 1:1 as is typical. Cheers
glennmercer glennmercer PRO JPN225, 240, Long , 8 days ago
JPN225: Nikkei 225 Wave Count:  One More Rally
156 0 13
JPN225, 240 Long
Nikkei 225 Wave Count: One More Rally
The Nikkei is in a clear uptrend, as is USDJPY, and based on the extended first wave (if correct) we should see another rally before a drop of questionable magnitude. The Yen has been weak against all pairs, especially the USD, and this week may be a good buying opportunity. This is all pending a rally above the ...
glennmercer glennmercer PRO USOIL, 240, Short , 8 days ago
USOIL: USOIL Short:  Potential Double Zig-Zag
283 2 16
USOIL, 240 Short
USOIL Short: Potential Double Zig-Zag
USOIL is tough to predict in these sideways corrective waves, however there are some knowns based on wave structure. The most potential outcome based on recent structure is further downside. A bearish impulse off of recent highs will solidify the speculation and garner a potential short. Keep an eye out for a ...
glennmercer glennmercer PRO KEY, 60, Long , 10 days ago
KEY: $KEY Potential breakout:  EW Triangle Complete
67 1 9
KEY, 60 Long
$KEY Potential breakout: EW Triangle Complete
Hey traders, here's one for next week. Looks as though we have a breakout commencing on KEY. I want to be long above 18.80 with a stop below 18.36. Cheers!
glennmercer glennmercer PRO BCEI, 30, Long , 18 days ago
BCEI: Bull Flag on Bonanza:  Waiting for a Breakout
200 0 10
BCEI, 30 Long
Bull Flag on Bonanza: Waiting for a Breakout
This is a volatile equity and position size must be reduced to mind your risk. However, this is a nice bull flag setup. I will be buying this one with a hard stop if it breaks 1.64.
glennmercer glennmercer PRO USDJPY, 120, 9 days ago
USDJPY: USDJPY Elliott Wave Count:  Correction Before Rally
740 3 24
USDJPY, 120
USDJPY Elliott Wave Count: Correction Before Rally
Hey traders! I definitely want to be LONG this pair as the Yen has been weak against the USD and the trend is bullish. However, it looks as though the correction will continue toward the .382 retracement of Wave-(iii) before we see continuation. I will be looking for bullish impulses to get back into the bull ...
glennmercer glennmercer PRO USDCAD, 60, Long , 13 days ago
USDCAD: USDCAD Long:  Breakout Awaits!
425 5 13
USDCAD, 60 Long
USDCAD Long: Breakout Awaits!
USDCAD has broken out of a short parallel channel in addition to many resistance and trendline piercings. I am a buyer over short term resistance during these next three hours of high volatility. Updates to come, cheers all
glennmercer glennmercer PRO AUDUSD, 60, Long , 15 days ago
AUDUSD: AUDUSD Long:  Wave Count Update; Adding to Position
426 2 16
AUDUSD, 60 Long
AUDUSD Long: Wave Count Update; Adding to Position
Hey traders! The wave count is panning out as planned and the long is still active from last week. I like a double-up on this position. The missed pivots are in sight and resistance is minimal up to target. SMA's provide added support between SL. Trade is active. Cheers
glennmercer glennmercer PRO HBAN, 60, Long , 11 days ago
HBAN: Potential Bull Flag on $RF
41 0 7
HBAN, 60 Long
Potential Bull Flag on $RF
Hey traders, we have a few great breakouts this morning. Among them, $RF is looking like a strong buy above the 13.66 level with an initial stop around 13.87. Cheers
glennmercer glennmercer PRO EURAUD, 60, Short , 13 days ago
EURAUD: EURAUD Short:  Descending Channel
279 2 15
EURAUD, 60 Short
EURAUD Short: Descending Channel
Hey traders! EURAUD is descending in a downward trend with a bearish impulse that may continue throughout Wednesday's London and NY sessions. If the support is broken, I will be shorting the pair.
glennmercer glennmercer PRO JBLU, 60, Long , 14 days ago
JBLU: JBLU Long: Another Breakout Opportunity!
100 0 11
JBLU, 60 Long
JBLU Long: Another Breakout Opportunity!
Hey traders, here is another bull flag breakout opportunity. I want to buy after resistance is broken. Happy trading
glennmercer glennmercer PRO RF, 60, Long , 14 days ago
RF: RF Bull Flag Breakout: Don't Miss It!
125 0 12
RF, 60 Long
RF Bull Flag Breakout: Don't Miss It!
Hey traders, great bull flag setup here. It's moving on strong volume today so I'm expecting a breakout within the day or tomorrow morning. I will not enter unless resistance is pierced, but this looks like a high probability setup. I'll be letting it run after 1:1. Cheers
glennmercer glennmercer PRO NZDJPY, 240, Short , 19 days ago
NZDJPY: NZDJPY Short:  EW Count + Potential Zig-Zag Breakout
342 5 15
NZDJPY, 240 Short
NZDJPY Short: EW Count + Potential Zig-Zag Breakout
Hey traders! We have a potential breakout here toward the downside on this pair. I like the bearish impulse in wave-A of the bearish correction. It's a good indication that we have an upcoming five-wave impulse wave-C. In order to be sure wave-B is complete, I want to get in after the support is broken with a ...
glennmercer glennmercer PRO EURUSD, 60, Long , 20 days ago
EURUSD: EURUSD Long: Elliott Wave Count + Triangle Breakout
939 2 37
EURUSD, 60 Long
EURUSD Long: Elliott Wave Count + Triangle Breakout
We have a potential break out of the descending triangle. This could either be a continued bullish correction past previous highs, a continued sideways correction. Alternatively, Wave-X could be counted as a series of bearish impulses and this breakout could be a temporary bullish correction before further ...
glennmercer glennmercer PRO LHO, 60, Long , 14 days ago
LHO: LHO Long:  Potential Bull Flag Breakout
79 4 5
LHO, 60 Long
LHO Long: Potential Bull Flag Breakout
Hey traders, looking for bullish confirmation of a breakout here. The technical setup is a quintessential bull flag. Updates to come upon breakout or cancellation. Happy trading
glennmercer glennmercer PRO CADJPY, 60, Short , 19 days ago
CADJPY: CADJPY Short: EW Count, Completed Expanding Triangle
354 3 13
CADJPY, 60 Short
CADJPY Short: EW Count, Completed Expanding Triangle
Hey traders! Looks as though wave-((b)) of the correction has complete and a potential five wave bearish impulse may finalize wave-((c)). It is important to consider, however, that there are in fact multiple alternative wave counts with this type of potentially complex correction. If price powers through the ...
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