It's been a choppy market lately as indecision sets in over the GOP Health Care Bill vote. Originally scheduled for Thursday, the vote has been pushed back to 3:30p EST today (Friday). If the vote is held it may come as a surprise to some since there is rumor of Paul Ryan nudging Trump toward cancellation to avoid potential failure since he is "lacking...
Good afternoon traders,
EURJPY is showing strength for upside, with a good impulsive break up of the triangle after completing corrective wave IV. I am expecting to see more upside, after some correction (wave 4) which could be now or later. Either way, wait for some pullback like a flag and then join.
Trade with discipline.
Hey traders, at this hour USDCAD doesn't have much energy in the tank to rock on these huge breakout continuations. Also, the wave structure is not indicating a continued bearish impulse just yet. We may have a nice long opportunity at the completion of the bullish bat. Cheers
Hey traders, huge bearish move out of the USD as we saw a .25% rate hike which may have already been priced into the market. There should be some more downside ahead as this will likely be a five wave impulse. I am already short, but I will be adding to my position if wave-iv-of-(c) provides a nice flat base. Cheers
Last leg of first AB=CD pattern. It has to crack the 140.41 resistance, then daily downwards trendline. If it cracks this, it is likely to retest the resistance and/or trendline and redo another series of ABCD waves.
I am still getting my feet wet with waves so take this count with a grain of salt..however I thought it was educational for myself and potentially others. Even though it seems very "convenient" that we are coming close to the end of Wave C, it does align with the view of the bullish Bat pattern. If you see something I can fix please share it with me so I can learn...
