USDTRY 30MIN COMPLATED WOLFE WAVES + ELLIOTT WAVES
He giveth and taketh away. Uncle MARIO laid another turd this morning sending the EURO straight down. The euro zone is in deep trouble and there is no reason to believe it will get better anytime soon. We are shorting pops.
GBPTRY WEAKLY BUY SETUP - BULLISH AB=CD ALSO RSI DIVERGENCE CONFIRMATION
Keep this bad girl on your radar screen. When she breaks she will move.
We didn't get the pullback within our time frame so we passed on the trade. Yes, it would have worked out but the closer we get to a RED news event the more you are gambling. We prefer the higher probability trades. We think the EURO needs a rest down here before making her next move. We will wait till for a better setup.
AUDJPY 4H BEARISH GARTLEY SELL SETUP
She's broken. If we can get a pullback to the trigger zone tomorrow we will look for a trigger to get short. If we can't get the trigger by end of trading day (in the US) Wednesday then we will stand aside until the US Unemployment number on Friday.
The EURO has entered back into the breakout range. This is not good news for the EURO bulls. We are seeking short triggers on any bounces back into the old break area. NO TRIGGER, NO TRADE!
The more the EURO hangs around our trigger zone without a trigger firing we become skeptical about the trade. For now we will ignore the old trigger zone and wait for price to develop a better trade. PATIENCE IS KEY!