Currently NZDUSD looks to be making a 4hr correction for a selling opportunity short term looking for about 300 pips, This sell setup looks to be an "E" wave in a 5 wave structure. This "E" wave down should break the "c" wave low and give us divergence. At that point when we approach the 0.6800 area we are expecting a reversal where we have the 5 wave structure...
Here is the short term sell we are looking for I'm thinking the green waves is what we are going to get based on divergence and a 4hr setup but anything is possible so keep options open. checkout long term view
looks like we are in the middle of the final impulse up. A short term trade to the down side should happen to make an "abc correction at min before more upside.
Looks like this up move in oil could be making a corrective structure for another down move to possibly retest the lows. The 50% fib from swing high to low matches up nicely with the 0.618 extension of my "a" wave up in blue. That same area my "a" wave would be equal to my "c" wave making an ab=cd pattern.
NZDUSD looks to be making a big 5 wave correction before the big downside. Currently we are looking for a short at the completion of the "D" point for one more move down to complete an ABCDE correction as well as a bat pattern . Once we get that we will be looking to long for that final 5th wave before the big down move. Another possibility I'm watching is that...
NZDJPY looks like its making a 3-3-5 flat correction. Price open at the trend line we could see one more move up to test supply before the next big down impulse
EURGBP is looking good to sell. It has made a double top at the 618 retracement of the previous impulse which is also the same level as the 1.27 extension of wave 3 in this corrective wave up. I will look for break of the trend line within the channel I am looking for price to break the lows and go to around 0.8150 from a daily time frame. So I'm thinking the bat...
Looking to short the EURGBP but as we can see there may be an opportunity to long at the completion of a cypher pattern and the "C" point of a bat pattern where there is demand. Sell the break of the 4hr correction down to the completion of the cypher pattern then we can re analyze.
We have a Cypher Pattern completion point right above a daily demand zone. Structure leaves clues! Personally I am looking for this to make a new high and break above 1.71 so we have great risk to reward.
This looks like a good buy set-up based on structure and with all the talk about legalizing pot this stock could be a good one to watch.
Two possible bearish Cypher patterns. Look for the sell
Looks like this "abc" pattern may be almost finished and we should be looking to buy soon, selling now is short term.
'Looks like the US Dollor is about to have a reversal. Wave "c" looks about compete with 5 waves going into a major supply level. This big "abc" pattern looks very similar in time and shape to the one we had from 1992-2001. Sentiment about the dollor is very bullish with trump and the raise in interest rates but you would be buying at a top where we see banks are...