Looks like the Yens are set to drop. EURJPY is strongly going up, GBPJPY is going up, Showing that Yens are weak.
On the USD/JPY, we are seeing some movement upwards.
Meanwhile, The Dollar's weakness is halting a bit.
On the daily chart, we see the price has hit the upper line of the wedge/channel formation but the pullback on h4 still looks ripe for longs....
Here I have a trade setup that I have 50% confidence in.
I am betting that the Nasdaq will be sold heavily at the highs and it has touched those.
I have sold here and I will see how the market reacts at the open? Are you with me?
The US30 / DOW 30 is at a critical point - Will this support hold?
We see a bigger wider range that has been in play last few days.
Inside it now we see another range. And price is at the low of it
Can I buy here ?
Stop Loss: 33850
I can see a possible ABC on the daily chart.
Within the C down can we see a complete elliott wave down?
If yes, I'd like to trade the Wave 5 down
I call this The Setup 1.
Entry Level: 1.1905
Stop Loss Level: 1.1975
Target 1 is the bottom of wave 3 around 1.1844
Target 2 is the fib 62% @ 1.1737
negatives: Wave C down might be complete.
In this short video I'd like to share with you take on the EUR/USD Elliott Wave count.
I am not an Elliott Wave expert but I use what I call the 10 Seconds Elliott Wave Method popularised by Bill Williams (rip) in his book Trading Chaos.
Here we go...
If you like the idea please leave a comment below and hit LIKE...
The daily chart now has cleared the BOX high
Now its in a region of Bullish Trend.
on the hourly, we see a strong 3 up...
IF price continues to go sideways throughout today and the next asian session then ...
tomorrow we could see a 5 up...
USDCAD has stayed within the box sideways for a quite a while now
It is possible that it might breakout below the box low
if it does it should provide us with a great opportunity to short sell it
target point would be TZ1 that is the Wave 5 termination point
This is typically what I call the Famous Setup
On the H1 Gator will be open and during Asian session the price goes sideways, boxed sideways
at Frankfurt open, if the box is tight, take the break out into Target Zone area marked
This is a price pattern that I like to call the FAMOUS setup.
It allows me to forecast the market at 10 pm UK time before going to bed.
I see this pattern 10-12 hrs in advance. And so the prediction is that provided that it stays within this boxed range, as shown on the chart...
It will break out into wave 5 on the M15 chart.
I should go and hit Target Zone...
The NZDCAD cross has created an interesting setup. The daily chart is showing a strong up move followed by a little pause.
This Monday it opened down but went strong into UP direction.
Checkout this trade idea.