gbpchf made a huge rally this morining that ended up in a big rejection candle. trapped bulls and stopped out bears. good signal to sell as it also made an impulsive breakout with a great retest rejection breakout.
usdchf is giving us a good setup to sell. i had previously posted a chart for a sell that got stopped out. market made a higher B correctional wave. based on wave theory we can expect an expanding flat pattern type of formation here that can bounce off the 1.27 inverted extension(tp level) or it may form a cypher at the 1.618 inverted extension. B wave is also...
price has broken out the triangle. expecting further bearish momentum. fridays closing price reward to risk 2.2:1 ideally i would like the ratio to be a bit better and would like to see some sort of pullback i can short for the ride down.
euraud has been in a very strong downtrend i believe we are about to begin the reversal. if prices manage to break out of my yellow channel or move past the last wick, i will be looking to buy.
had previously done a sell setup for cadchf that hit sl. decided not to mess with it after but now seeing as bulls keep failing to make an impulse, we can ride the wave down til the cad is more affordable for the bulls. once we drive prices down i do expect a huge impulse up to come in somewhere. i will update the chart sometime later around the week to watch how...
waiting for bullish confirmation. lets see which fib prices get rejected at. if it reaches 61.8 i will reconsider the buy for a bit as that seems like a fairly depp retracement for this trend. we must watch price action
not much explanation needed as i feel the chart says it all. prices have formed more of a corrective structure after the breakout but for the meantime we can most likely get 1 more sell for this smaller breakout. if prices consolidate and form a continuation pattern on lower tf, we can go short to my target. if not lets just ignore it and if r/r isnt ideal then...
i am not interested in selling eurnzd although there is a double top on the 1hr. i prefer to be a bull on this one. the trend is shifting into bull so thats the side i want to be on
15min head and shoulders patter. we can expecdt a good abc pullback after that rally. good oportunity to catch some quick pips going down
usdcad has broken out of a trend. its a clean impulsive breakout so i do expect further bear momentum to form but at the same time prices got into a consolidated state right before it made the breakout, giving us a wolf wave formation. depending on price action momentum we can figure out if that was the last push down for sl placement before a wave up.
gbpchf has failed to bounce strongly like the rest of gbp pairs. sell the breakout
gbpcad formed an ending diagnal at support with its 5 wave count. trade your plan.
we here have a few abcd patterns that audusd has formed with exact precision to the swings. i wouldnt be surprised if the sell off is a measured move as well. each abcd has its respective color. our next leg can possibly form a gartley.
eurcad is in the process of shifting trends to bullish. we got a nice rally and correctional retracement. that formed an expanding triangle pattern at the bottom of the channel. i am expecting a full breakout of this lower tf channel leading to a breakout of the 4 hr tf channel. sl zone can be placed at the wick of the drop. i will not provide target zones as it...
simple setup. a reversal pattern at support. targets are very far. sl is wave 1 swing high