Looks like GBPCAD is breaking out of the corrective structure on M15 chart for another impulse up.Ill be buying the breakout targeting 1.7660
After a sharp move down , on a 60M chart USDJPY is correcting itself up, I'll wait for a break down to sell this pair.1st target would be 1.27 extension and the 2nd target 1.618 extension.
DXY is in a daily correction move after an upward impulse, but on the lower timeframes after a sharp down movement, it is correcting and we have MACD divergence. Im waiting for it to break to the downside touching at least the recent lows at the 61.8 fib level before going up again.
Looks like AUDJPY is about to finish the corrective structure and break the trendline which would take the price to at least 80.60 area.From there the E wave completes and probably we'll see a lot of downside movement.Trade your plan.
After an impulse wave, we can see a triangle forming in this pair.I'll be waiting to sell the breakout but we may see a bit more correction as the wave E is on it's way. Breakout may occur anytime soon so I'll be watching this pair as it goes. Trade with care
USDJPY IS IN A CLEAR BEARISH TREND SO WE'RE LOOKING TO SHORT THIS MARKET.A GOOD PLACE TO SELL WOULD BE IN THE BREAKOUT OF THE TRENDLINE FOR ANOTHER IMPULSE WAVE TO THE DOWNSIDE.WE ALSO HAVE MACD DIVERGENCE INDICATING FOR A REVERSAL SOON. TRADE YOUR PLAN,PLAN YOUR TRADE.
GBPCHF IS LOOKING LIKE IT WANTS TO BREAK THIS CORRECTION FROM THE LAST IMPULSE WAVE SO BUYING IT IS A GOOD IDEA.TRADE WITH CARE
After an impulsive wave to the downside, eurjpy started to correct itself up. This correction is not ideal so be careful if you decide to short the breakout.
Looks like AUDUSD will make another impulse to the downside after this minor correction since it came to .382 fib level, in correlation with recent structure levels and on the break of that trendline it would be a good opportunity to go short.Trade with care
GBPCHF made an impulse wave up and now it's on corrective phase. We can look to buy this correction and ride it for the next impulse or this correction might extend a little longer before breaking to the upside.
We were in a minor uptrend on the 4h chart before an impulse bearish wave came out.Now i'm looking forward for the break of this trendline to confirm that we're going bearish for some time, and Ill look to sell any corrective structure to the downside. Trade your plan, plan your trade.
USDJPY should go lower depending on the structure and price action.It made a triple top with divergence and now im looking to get short after that trendline breaks since in this phase its correcting from that last impulse wave.The next support area is at 105.60 area but this might go lower until 102-ish area.Trade with care.
This is a followup to the idea from yesterday (link below) yesterday i said the X point of the gartley was the potential 5th wave of the recent downmove. now that we violated X, this doesnt work anyway, so i had to rethink my view on the waves. I think a reasonable scenario would be to make wave 3 an extended wave with another 5 wave stucture inside it. that...
EURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are...
Within a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential...
FX:AUDCHF Check previous published idea for this pair - link below; Safe trades; open.spotify.com