CornerstoneTrader

CornerstoneTrader Updated 

corrective structure after a buy impulse on the USDJPY. In addition a repeating correct OANDA:USDJPY ive formation is occuring on the 15 min chart that is allowing for a great short term trade

CornerstoneTrader

We are currently looking at a sell setup. Given the heightened volatility of the market we can potentially see a powerful move to the downside. We enter our sell now to get the tightest stop loss position!

CornerstoneTrader Updated 

According to elliot wave theory we can see a 3 wave structure unfolding that can yield a buy signal with a target at the upper trendline.

CornerstoneTrader Updated 

Great buy structure on the NZDJPY. The depth of the correction provides for a tight stop loss and far take profits. If price dives below the red line danger zone we can say that the pattern is invalid. In further investigation you will also find that there is MACD divergence that signals a break out. It may not be long term but if we are correct the move will be fast!

CornerstoneTrader Updated 

Many Different Trading Positions can be formed in the trend channel but the overall bias is to the short side!

CornerstoneTrader

This short structure will lead to a quick sell position. Not to be held long term!

CornerstoneTrader

Simple buy setup on the USDCAD created from a 3 wave corrective structure

CornerstoneTrader

Corrective Structure on AUDUSD that can lead to a nice impulse to the upper trendline. There are several economic factors that may boost this move also

CornerstoneTrader Updated 

Elliot Wave Corrective