We are currently waiting for the completion of our trend continuation pattern. When we reach the upper trendline watch for signs of reversal to enter short. After this you should scout out opportunities to go long on this pair. Best of luck
Hey fellow traders. Today I am watching for GBPNZD to come up to the .618 area to complete our pattern in order to enter short. Keep your eyes out. Good luck and safe trading
Here on NZDCAD we have an impulse forming to the downside which indicates that we have a reverse in trend. Go short after the breakout of the current trend continuation pattern.
Look to go short when price reaches the upper trendline.
I am watching for price the .83000 level. Here and only here will I look for a buy setup for this pair. If price decides to break the area then the idea will change.
Soon I think we will see this pair form an impulse to the downside. Watch carefully as price reaches the upper trendline of our ascending channel
Currently I am waiting for price to reach the upper trendline. When price reaches there watch for a clear sign of reversal. Expect an impulse. Catch the wave and ride it. Cheers and good luck fellow traders
In the previous week, price did not break down as expected. So now I am aiming towards price testing the previous high from the last year. Watch for the 87.50 level as a reversal zone. Good luck and safe trading everyone
Just as expected our 5 wave pattern has completed. Price is now breaking the ascending channel so keep your eyes out for a flag or trend continuation pattern to enter short on this pair.
Gold broke the ascending channel it was in not too long ago. At the current moment it looks like there is a flag forming so watch for a breakout to the downside. Good luck and safe trading.
Silver is currently holding its descending channel. At the current moment price is stuck in a corrective structure so we will watch for an impulse to the downside.
AUDCAD has had an impulse to the upside, so what I am looking for here is a corrective structure to form. If the top trendline is broken then this idea is invalidated. Good luck fellow traders
Hello Ladies and Gents.. USDJPY is currently in a descending channel, simply look for a sell signal at the top descending channel trendline and the top of our current pattern trendline. Good luck and safe trading
Price is most likely going to correct to the top of our channel, once it does I will look for price to show a clear sign of reversal before placing a trade.
I am watching closely the completion of the E leg of our ABCDE structure. If price looks to bounce off of the area I will short this pair and ride Wave 3 down.
This a simple way of using MACD to predict impulses. These small blips (spheres) serve as buy signals. The blips form when corrections appear after impulses. So on our indicator window watch for a small blip into the red histogram and buy around the trendline. Good luck.
I am expecting this pair to drop soon so watch for the breakout of the corrective structure. Good luck and happy trading everyone
Hey fellow traders. Here on AUDCHF we have an almost complete 5 waves up. You should wait for the completion of our 5 wave structure before taking any shorts to the downside. I anticipate two targets. Good luck to all.