KayJay

KayJay

This is my alternate count in which USDCAD is most probably in wave 4 of wave C of an ending diagonal which might have completed, if this count is correct we are expecting the market to move down We are not taking any short positions on this trade as this is an alternate count however if this count is correct and price does breach the last swing low as wave 5, we...

KayJay

Copper is about to finish an ending diagonal wave C or 5 of a higher degree and will soon enter a bearish wave correction ( Declining volume supports ending diagonal structure and will give confidence once price breaks below the converging trend line with a higher volume daily close ) We will take short positions only when the price retrace backs and fail to make...

KayJay Updated 

AUDUSD is most probably in wave B or 4 of wave C which should go one more leg up, we are expecting the market to move up and currently are in a triangle as wave B or 4 Long term trade: Short AUDUSD at resistance level, once reversal is confirmed ( in Wave B) Mid term trade: Long AUDUSD targeting upper resistance level (in Wave C) Short term trade: Long &...

KayJay Updated 

USDCAD is most probably in wave C of wave 2 or B which might have completed or may go one more leg down, we are expecting the market to move up and are assuming that this will be a simple ABC pattern (zig zag) or an Impulse (12345) If the wave count is correct then in both scenarios we are expecting price to move up as wave C or 3, Remember volume is the key...

KayJay

Most probably Copper is about to finish an ending diagonal wave C or 5 of a higher degree and will soon enter a bearish wave correction (Declining volume supports ending diagonal structure and will give confidence once price breaks below the converging trend line with a higher volume daily close) We will take short positions once the price breaks below the last...

KayJay Updated 

Most Probably USDJPY is about to finish an ending diagonal wave c of a wave 2 or B of a higher degree and will soon enter a bullish Wave C or 3 (Declining volume supports ending diagonal structure and will give confidence once price breaks above with a high volume daily close) We will take long positions once the price breaks above the ending diagonal trend line...

KayJay Updated 

Gold is probably in the wave 4 of an ending diagonal wave 5 which will soon end the long bullish trend We are anticipating two possible structures here for wave 4 i.e. P1 and P2, where P1 suggests that we are in a triangle wave 4 and P2 suggests that it might be a flat or a zig zag, Corrections are difficult to predict as there are a lot of ways to count them,...

KayJay

This is with reference to my AUDUSD long term monthly chart idea, where I mentioned that the bearish trend might have ended and a new bullish long term trend is about to set in AUDUSD has finished an impulse wave 1 or A and is most probably in Wave 2 correction right now which can be any corrective pattern except a triangle, it is too early to judge which pattern...

KayJay

Most probably AUDUSD has bottomed out from a long term bearish trend and is about to or have started a new bullish trend we are working on mainly three possible patterns that are unfolding labelled as P1, P2 and P3 where P2 is our preferred count at the moment The volume surge, the march monthly candlestick, the fib ratios and a recent leading diagonal pattern on...

KayJay Updated 

Crude is probably in wave B of wave 2 As stated in my weekly chart we are bearish on this market and are not taking any serious bullish trades. On the hourly chart crude oil has probably finished a leading diagonal as wave 1 or A and had started a wave 2 or B we will enter short position once price breaks below $ 15.64 mark with a higher volume ALTERNATE WAVE...

KayJay

Crude is probably in wave 4 of wave C or it might be that the market has bottomed and a new impulse wave has started Oil has been on a roller coaster ride and due to covid-19 demand is no where to been seen, maybe the market has bottomed but I will recommend not to catch a dropping knife We are bearish at this point and will only consider about bullish scenarios...

KayJay

Gold is probably in wave e of a wave B We are anticipating the market to take support off the lower converging triangle trend line and bounce up unfolding wave C Risk/Reward ratio is excellent on this trade i.e. 7.38 Keep a close eye on the volume for the breakout confirmation We are bullish at this point and will only consider about bearish scenarios if the price...

KayJay

Let see how this plays, Good Luck ! Disclaimer: This is only for informational purpose, people taking trades using this idea will be liable of their own loss

KayJay

Let see how this plays, Good Luck ! Disclaimer: This is only for informational purpose, people taking trades using this idea will be liable of their own loss

KayJay Updated 

USD will most probably start a wave 3 of 5 or wave C of B or X which volume/divergence will clarify once the price starts to climb, We will remain bullish on USD until the low of 100.26 is taken out. ALT count for USD is its in wave X of a WXY (medium probability) or wave C of an ABC correction down (low probability) Let see how this plays, Good Luck !...

KayJay

Gold is currently consolidating and is in wave d or e of a triangle ( wave 4 ), We will enter trade once price breakouts the upper or lower trendline of the triangle. As the market overall trend is down and our wave count is also indicating that prices will move lower, we are anticipating a move down to 1122 or 1110. Let see how this plays, Good Luck !...

KayJay

Price is most probably still in a corrective pattern as the next move up will be a 3 or C wave which will exhibit some good volume however the lack of volume and also divergence in the price indicates that we might head down one more leg before continuing the uptrend. Let see how this plays, Good Luck ! Disclaimer: This is only for informational purpose, people...

KayJay

Let see how this plays, Good Luck ! Disclaimer: This is only for informational purpose, people taking trades using this idea will be liable of their own loss