Hey traders! I've been waiting to buy this to catch some of the impulse. I think this is a good opportunity. I want to place a tight stop behind the most recent pinbar and buy at support toward the completion of a potential bat completion level. Two consecutive daily missed pivots means momentum is bullish, and pinbars make for a nice barrier for a SL. Also,...
Hey traders! Similar to the GBPUSD trade, we have a potential Gartley lining up on the corrective structure. I want to be long on the breakout. We already have a trendline violation and a retrace. Also, some trendline support below price. I want to buy the zig-zag toward completion of the gartley pattern. Happy trading!
Hey traders! I'm trying to make some sense of this whipsaw action after the flash crash. We can see a correction is in process after the bearish impulse on 10/6. This trade capitalizes on a possible double combination wave: triangle -> flat -> zig-zag, where we are trading the final stretch of Wave-c. I want to move my stop to B/E quickly to protect the...
Hey traders! I like a long position here, but I want to buy the pullback to the unhit daily pivot which will yield a higher R/R and eliminate that bearish magnet. The .5 bat target is highly confluent, with another .786 fib and a missed daily pivot at the same level. I want to move quickly to breakeven after the trade is active. I will update with another idea...
Hey traders, looking at a couple of speculative triangles for this pair. Although there are a lot of uncertainties at the moment on price action, we do know that this is corrective structure and thus a harmonic pattern like the cypher is an opportunity to take a long position toward further correction. More updates to come as the tide rolls and reveal wave...
Hey traders! I like the pinbar resistance forming here at the A=C level on this interruption of the bearish impulse. I like a short here down to the potential Crab level. Moving to breakeven quickly. Will update with more info as the tide rolls. Happy trading!
We have a potential inverse head and shoulders forming at the support area. This area is the same PRZ as predicted by the potential crab, and the area at which I have long alerts set. Looks like we have an impulse off of the support. I am now looking for a pullback to buy the (c)-wave toward completion of the correction. If the neckline is breached, I will buy...
I want to see price rally toward the PRZ of the potential cypher before selling GOLD. We may see a drop from current levels. This will happen if the previous degree fourth wave has already been completed. This trade will capitalize on a selling opportunity if the fourth wave is not yet complete, which I believe is a strong possibility judging from the wave...
Hey traders! Here is quick setup that may gain a few pips on the move down toward minor degree wave-X. I want to take profit at the potential Gartley pattern to b conservative. SL is placed tightly above invalidation level. Updates to come as the tide rolls. Happy trading! PS: This one just dropped like a rock. Too late to sell, but I wanted to post...
Hey traders! Looks as though the complex correction is complete for this pair. We have a bullish impulse that followed which points to wave count confirmation, but not until the fifth wave completes. I want to trade this fifth wave after the triangle completes. At the schedule completion of the triangle, a potential bullish Gartley has formed a potential...
Hey traders! Looks like the minor degree Wave-X is complete on GBPUSD. In addition to the wave count, a bullish bat is complete and has shown some pin support. I want to buy here with a tight stop below the root of potential wave-1. If SL is hit, this is not the first wave of the rally and I don't want to be in the trade any longer. Otherwise, we have huge...
Hey traders, the wave count on the lower degrees agree with continued bearishness before a rebound. I expect bearishness thoguhout the week but this is speculation based on previous price action. The invalidation level is up around 1320 and a lot can happen in that range. Be cautious with any long positions until wave-C completes. Cheers!
Hey traders! I want to sell from these levels, but not until I see a completion of the first wave down followed by a pullback. I want to maximize my R/R and ensure the trade is going in my favor first. Many pivot targets below price. I will update with a trade idea if/when the time comes. Stay tuned!
Hey traders! AUDJPY has moved sideways since the last update, and the wave count has been updated to a combination correction from an ABC simple zig-zag. I like a short from bat completion levels toward the completion of the 3-wave ((e)) at the completion of the final leg of the triangle. If the triangle completes, I will be looking for an aggressive long...
Hey traders! We have strong weekly support at the potential completion of a descending triangle in corrective structure. Typically the impulse that follows is strong and serves as a great buying opportunity if done correctly. However, I want to wait to pull the trigger on a long since we the wave count on the C wave bearish impulse looks to be inside of its...
Hey Traders! Here's an updated wave count on EURNZD. New lows last week confirmed continued sideways movement before a continued bullish impulse. I'm looking for long opportunities in the support zone, assuming we'll have a corresponding wave count that completes an XYZ correction. Only bearish if the first invalidation level is violated, as this could...
Hey traders! Here's an update on EURNZD from this weekend. We had a nice triangle breakout into a possible third of a third. I'd like to buy the end of four and ride the fifth, but only after a significant pullback. I will update with more counts when the time comes. Cheers