Keeping a close eye on eurjpy for the end of the correction!! will likely turn, buying the break will give you better probability and RR... Time will tell
Here on GBPNZD I am expecting to see another wave up to further complete our corrective pattern.
On the NZDCHF there is a setup for a mirrored flag. When the price comes down to the flag´s resistance level there might be a nice sell setup.
If the price starts climbing again and if it breaks out, there might be a nice buy setup for a relatively short time. On a daily basis the NZDCAD is on a down trend so do not set the targets too high.
Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
We appear to be forming a continued bullish corrective structure! This is based upon my current understanding of EW Principle. Thanks for checking it out! Show me some love, and what you were thinking ;)
Hey guys, I pretty much shared all the info in "callouts". The trade I am looking for is the big sell towards to the low of the main structure. However, if we get a new red move up I will trade it as well. Carlos
After a strong impulsive bearish wave 3 , A Flat WXY Side Way Wave 4 is formed which is 3,3,5 in its internal structure Currently , The final impulsive bearish wave 5 is about to be triggered on the breakdown of the bullish green channel , Also , from Harmonic Pattern Point of view , there is an ideal Inverse AB=CD shown by the green a,b,c labels in circles
Even though the HTF is pretty volatile I see a good opportunity for a quick long play on this pair. Price has just broken out to the upside of a corrective structure. Looking to enter on a weak pullback into support (top of structure) with first target around 1.0080 and if that resistance folds, extended target would be 1.0100.
Even though we are in a bigger range, price is consolidating at the bottom, indicating a possible breakout to the downside. I would not take the breakout itself since chances are good it will result in a false one. But if we get a retracement to the upper part of the corrective structure I'd look to go short with first target around 1.2450. If we break that...
Bearish Wave C is forming of an Irregular Corrective Wave Structure
EURUSD has just broken its corrective structure and I am expecting to see price form an impulse to the downside. Wait for a corrective pattern before entering short. Good luck and safe trading
as with all GBP pairs I believe we will have more upside before the downside. Trade responsibly! :D
Price at the moment is correctively rising so what I am expecting to see of this pair is that price is going to fall soon. We are currently seeing divergence on our MACD which signals a reversal may happen. Good luck and safe trading.
Hi traders, Planing different trades this week! I see a nice buy set up in EURCAD I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse. We had 4 moves already so the fifth move is likely to happen due to the formation of a flag. If we trade the breaout of the flag we will have the chance of a 140 pip...
Hey Guys, Pretty much like EURUSD. We have a corrective structure converging and it is definitely going to brake uptrend. There is still a possibility of a last move down but my trade is the buy. If it brakes structure and makes a flag...good time to buy! Carlos
Hey guys, I have been posting charts on this pair but this is the last one I will post for Buys. We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC. I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade...
AUDJPY is still on a corrective structure. Wait for a breakout before entering any position.