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glennmercer glennmercer PRO EXY, 240, Short ,
EXY: Short Bias in the EURO - Will We See it Consolidate This Week?
41 0 12
EXY, 240 Short
Short Bias in the EURO - Will We See it Consolidate This Week?

Hey traders, I have definite short bias on the Euro on the Weekly timeframe. However, the question remains, "will we see consolidation this week or bearish breakout?" The next couple of days should unfold the next chapter in this story. Stay tuned

glennmercer glennmercer PRO BXY, 240, Short ,
BXY: $GBP Bearish Bias in the Pound this week
53 1 8
BXY, 240 Short
$GBP Bearish Bias in the Pound this week

Can we keep the pound contained within its bearish channel? If so, expect some powerful bearishness. Only bullish above recent highs.

glennmercer glennmercer PRO ZXY, 240, Short ,
ZXY: $ZXY $NZD A few different short scenarios this week #ElliottWave
12 0 8
ZXY, 240 Short
$ZXY $NZD A few different short scenarios this week #ElliottWave

Hey traders, I wanted to share some short bias on the kiwi for this week. There is clear trendline resistance coming up. If the trendline is broken, be careful trading the breakout as it may be the completion of wave-((B))-of-y. Cheers

glennmercer glennmercer PRO GBPCAD, 240, Short ,
GBPCAD: GBPCAD Short:  Minor Support Broken, Retest .618 Pitchfork Line
129 0 14
GBPCAD, 240 Short
GBPCAD Short: Minor Support Broken, Retest .618 Pitchfork Line

Hey traders, there's been a break of minor support on this pair. I like the pound short and the CAD long this week. However, keeping an eye out for GBP CPI data coming out in a few hours.

glennmercer glennmercer PRO AUDUSD, 60, Short ,
AUDUSD: AUDUSD Short in Anticipated Continued Downside: Triangle
182 0 12
AUDUSD, 60 Short
AUDUSD Short in Anticipated Continued Downside: Triangle

Hey traders, this bearish candle at resistance indicates a potential continued downside. Optimistic target is the bottom of the wedge. I like a target at the missed monthly pivots.

glennmercer glennmercer PRO ZXY, 240, Short ,
ZXY: Kiwi Respecting Modified Schiff in Exanding Wedge $NZD $ZXY
37 0 14
ZXY, 240 Short
Kiwi Respecting Modified Schiff in Exanding Wedge $NZD $ZXY

Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.

glennmercer glennmercer PRO SXY, 60, Long ,
SXY: Bullish on Swiss Franc:  Elliott Wave Count - $CHF $SXY
30 0 10
SXY, 60 Long
Bullish on Swiss Franc: Elliott Wave Count - $CHF $SXY

The franc may find support at the existing bottom trendline this week. If the bullish rebound is corrective, we would have confirmation of a potential triangle and look for shorts near the top. For now, I'll be eyeing bullish breakouts from the parallel channel created last week.

glennmercer glennmercer PRO AXY, 60, Short ,
AXY: AUD:  Next Few Days Will Be Critical
51 0 11
AXY, 60 Short
AUD: Next Few Days Will Be Critical

Hey traders, look for consolidation in the Australian dollar next week. My bias is toward the downside since we're channeling down on the short term. Breakout to the upside cannot be ruled out. We will see in the upcoming couple of days.

glennmercer glennmercer PRO GBPCAD, 240, Short ,
GBPCAD: GBPCAD Potential Short After Prelim GDP
216 6 14
GBPCAD, 240 Short
GBPCAD Potential Short After Prelim GDP

UK preliminary GDP released tomorrow. If it disappoints, I want to be short this pair. If it beats forecast, I will be looking for GBP pairings against weaker currencies like the yen. Cheers

glennmercer glennmercer PRO JXY, 240, Long ,
JXY: This WeeK:  Uncertainty => Yen Bullishness $JPY $JXY
43 0 9
JXY, 240 Long
This WeeK: Uncertainty => Yen Bullishness $JPY $JXY

Hey traders, I expect this currency to continue north. There's too much uncertainty with Trump's follow-through on policies, North Korean nuclear testing, Syria and ISIS. I like this one long. We also have some technical lining up as shown on the chart.

glennmercer glennmercer PRO DXY, D, Long ,
DXY: USD Ready to pop?  Possible upcoming powerful rally $DXY
137 0 13
DXY, D Long
USD Ready to pop? Possible upcoming powerful rally $DXY

Hey traders, we may have seen the completion of bearish Wave-B last week which means this a potential powerful rally may be forthcoming in the next week or two. Alternatively, a bearish breakout would require a recount. My bias is to the upside despite the political uncertainty.

glennmercer glennmercer PRO JXY, 240, Short ,
JXY: Short Bias for the Yen This Week All Around $JPY $JXY
145 0 17
JXY, 240 Short
Short Bias for the Yen This Week All Around $JPY $JXY

Hey traders, I like the yen short this week and potentially the weeks to come. Many EW counts leading to continued downside. Details and wave count on chart. Cheers

glennmercer glennmercer PRO DXY, 240, Long ,
DXY: Looking for a Bullish Breakout in the Dixie This Week
100 0 11
DXY, 240 Long
Looking for a Bullish Breakout in the Dixie This Week

Hey traders, I like the USD long this week. However, it may not be until the end of the week until we an capitalize on a bullish breakout. The first level of resistance has not yet been tested. After this level is broken, I want to get long. Cheers

glennmercer glennmercer PRO BXY, 240, Short ,
BXY: Pound Downside Ahead:  Look for GBP Shorts
143 0 21
BXY, 240 Short
Pound Downside Ahead: Look for GBP Shorts

Hey traders, here's an opportunity I've been scouting for a few weeks. It seems as though we are about to see some bearishness in the pound next week. I will be looking for short opportunities as we may confirm a triangle breakout and potentially fall further down the bearish channel.

glennmercer glennmercer PRO AUDNZD, 60, Short ,
AUDNZD: Channel Slide Short on Wave-((C)): #Pitchfork #EW #elliottwave
166 0 18
AUDNZD, 60 Short
Channel Slide Short on Wave-((C)): #Pitchfork #EW #elliottwave

Hey traders, as stated earlier this week I've been looking for a short on this pair. Aussie has been weak across the board following the RBA announcement and technically speaking this pair has been responding well to channels. I like the bearish pitchfork here to sell against its resistance but only if the support line is broken. This trade aims to capitalize ...

glennmercer glennmercer PRO AUDJPY, 60, Short ,
AUDJPY: Trading Pitchforks for Fun.. and Profit! #pitchfork
298 5 23
AUDJPY, 60 Short
Trading Pitchforks for Fun.. and Profit! #pitchfork

Hey traders, as you can see AUDJPY is responding very well to pitchforks and is in a raging downtrend as we look forward to a more risk-off environment. I want to follow it using the pitchfork method which has been very effective as of late. Check out all of the rejection points preceding entry. Looking at targets at the median line and near the bottom median ...

glennmercer glennmercer PRO NZDCHF, 60, Short ,
NZDCHF: Bearish Kiwi vs Bullish Franc:  Short to #cypher
92 0 16
NZDCHF, 60 Short
Bearish Kiwi vs Bullish Franc: Short to #cypher

Hey traders, I like a short on this pair. I see a lot of potential downside for the Kiwi against potential bullishness in the Franc. Also, the wedge retainer and parallel channel resistance is strong and there is MA resistance on the 1H. Cheers

glennmercer glennmercer PRO AUDCAD, 240, Short ,
AUDCAD: Momentum Change in Aussie:  Potential Short Opportunity
241 0 20
AUDCAD, 240 Short
Momentum Change in Aussie: Potential Short Opportunity

Hey traders, as you can see we've had a change in momentum toward the downside in Aussie pairs. The AUDCAD is channeling down and creating clear S/R lines off of which to place a short. Break of the dotted support will confirm. Cheers

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