Currency

Currency

Hey traders, just spotted this buy setup opportunity. Look for entry only when price gets above previous high on lower TF. There was a similar setup on the EURJPY that produced nice profits last week. Cheers.

Currency

3 wave correction will be confirmed as completed once 132.6 level is violated. initial target is recent monthly high. cheers

Currency

Gold's structure does not suggest that shorting is a good idea. If you want to sell, wait. The ABC flat structure STRONGLY suggests that selling will be short lived.

Currency

Price turned at a relative low. Flag formation broken.

Currency

Expecting another sharp move down based on current price action

Currency

Heavy volume trading today with a lot of buying pressure. minimum target at previous swing high.

Currency

USDJPY probed below the origin of the A wave and did not find sellers, so I'm suspecting the entire move down is the end of a B wave, an expanded flat. Great opportunity to long this pair with a tight stop and a massive upside.

Currency

USDCAD's rally ran out of steam, resulting in a H&S pattern breakout. Inside bar formed and broken to down side. AB=CD movement completed and instantly rejected at previous fractal level. Expecting swift movement to the 1.32 level to start next week.

Currency

NFP is coming out tomorrow and the market already priced in the employment figures after yesterday NY trading session. Typically this news release generate massive volatility with stops taken out on both sides so caution is warranted. Waiting for next week trading to resume before placing orders would be prudent. Also, next week there is a highly anticipated FOMC...

Currency

AUDJPY broke below and closed above with continuing momentum. Long to previous swing high in play.

Currency

Expecting the recent reversal to be the start of the C wave impulse going UP.

Currency Updated 

GBPUSD is in a lengthy and massive consolidation phase, with waves going 100 to 200 pips in each direction. I am anticipating a spike higher to complete the B wave correction up that has the high probability to move very quickly, followed by an equally fast move down. Nice trades coming, good luck to all.

Currency

EURGBP made a sharp A wave followed by a less aggressive B wave, which gives a good indication that a sharp move is expected to the upside. Often the market tend to surprise traders, so I would wait for price to retrace and bounce off the broken trendline for a conservative entry. More conservative entry shown on chart. Good luck!

Currency

GBPJPY went through a huge sideway correction before revealing the triangle structure as the continuation pattern for price to head lower. High probability for market to start pushing lower early next week. Good luck!

Currency

AUDCHF reversed at the top and started a trend down. An apparent H&S pattern has been broken so there is a technical trade to the downside set up for next week. I would be patient for price to retrace back to critical areas on chart. Good luck!

Currency Updated 

My count on this pair. Chart is currently making a B or 2 wave. If price action develops quickly then we're more likely to be in wave 2, which means there is a lot of room on the downside!

Currency

Pound is likely to be in wave b of (b). There are several setups that could be exploited.Look for entries on a lower timeframe and use your own trading plan and executing strategies.

Currency

My prediction on this pair. Of course I don't just trade based on a prediction and this pair has produced a BIG buy signal on THIS time frame. Going back a few years, one could see that this pair produced a similar price action which resulted in an absolute vertical move up for about 9000 pips. The market doesn't necessarily behave the same way each time, but it...