Linton_White

Linton_White

The EURUSD seems to be setting up really nicely for a second impulse to the downside. I expect one more push up to hit the resistance of this channel and will be looking to enter a short from there. My target to the downside is based on a Fib retracement and the impulse leg of this trade meeting at the same point. Happy trading! Linton White QuickTrade South Africa

Linton_White

Looking at the RSI on both the Daily and H4 time frame, we can see that EURUSD is overbought while on the weekly time frame it is trading at just above 50 which shows the potential for more upside to come. This means that on the lower time frames, I am expecting to see a pullback which I estimate will be to around the 1.10 level before we see a continuation to the...

Linton_White

I am expecting to see a bounce and reversal as indicated by the blue arrow. A move down to 1.0630 before the reversal is possible. I will keep averaging into my long position till that point. Happy trading! Linton White JP Markets South Africa

Linton_White

I am expecting a reversal for wave 4 to the upside soon. I will likely start scaling into positions tomorrow. Happy trading! Linton White JP Markets South Africa

Linton_White

My target on the Nasdaq (9144) has been hit and now the question is, will it reverse? The big thing to look at here is the momentum at which the Nasdaq has rallied. Since late September last year, it has been very strong with little to indicate a change. This makes me hesitant to start looking for the shorts right now. I am however going to pay attention to this...

Linton_White

This is a closer look at my previous post for the Weekly time frame. Here on the H4 time frame we can see that I am expecting wave 3 to complete to the downside before the price should rally. There was a spike which caused a double bottom though which could see the break come before my structure plays out as indicated here. That means I am waiting for one of...

Linton_White

On the weekly time frame we can see that wave 3 seems to have completed to the downside and I am now looking for an entry trigger to trade wave 4 to the top of the blue structure. I will be looking at the H4 time frame for entry signals. Happy Trading! Linton White JP Markets South Africa

Linton_White

EURUSD is moving exactly as predicted and I took advantage of the initial reversal. I took profit last Friday and now await the pullback, as indicated with the red arrows, in order to enter the long again. Happy trading! Linton White JP Markets

Linton_White

I expect to see a break to the upside on EURGBP. There may be one more leg down once the top of the green structure is reached so will watch closely at that point. Should the break up occur now, I will hold this trade to the level at where the green arrow is.

Linton_White

I am expecting to see a reversal and a retracement on GBPCHF as indicated in blue on the chart above. I will be trading the retracement and will then be looking for a reversal confirmation in order to complete wave 4 to the upside on the weekly time frame. Happy trading! Linton White JP Markets South Africa

Linton_White

I am waiting for an entry to confirm the long for my target to 1590. As things stand now, price is trading below the resistance of the corrective structure. It is possible that there will be a 5th wave to the downside before the break to the upside. Should the break of the structure occur now, I will trade the long to 1590. Should the price retrace for the 5th...

Linton_White

I have been waiting for a reversal to start the rally on GBPJPY for wave 3 on the weekly time frame. I think this could well be the turning point. A break of the blue trend line will confirm the reversal but I am already looking for an entry point. Happy trading! Linton White JP Markets South Africa

Linton_White

Looking at the larger time frame on EURUSD, I am expecting to see a break of the green trend line to the upside. When that happens, we will see a move up to complete wave 4 on the weekly and then I expect to see wave 5 to the downside to complete the Fib retracement at the 78.6% level Happy trading! Linton White JP Markets South Africa

Linton_White

I have been waiting for AUDNZD to reach the resistance level at the top of the daily structure, shown in blue. This is a bearish structure confirmation of the earlier break to the downside on the weekly time frame. I have shorted the daily setup for wave four to the downside. There is a strong possibility that the structure will break the bottom on this wave as...

Linton_White

Looking at the chart above, you can see the original daily structure break to the upside, shown in blue. Then you can see the H4 structure which is forming, shown in green. I have entered the long for wave two on the H4 structure. Happy Trading Linton White JP Markets South Africa

Linton_White

With everyone at JP Markets making a killing on the Nasdaq lately, I thought I'd share my analysis perspective on the larger time frame. According to my wave analysis on the weekly chart, I am expecting to see a rally to around the 8100 mark before we see a significant pullback to around the 6300 level. Remember this is my view and is not guaranteed so if you...

Linton_White

EURCHF has finally broken a downtrend resistance trend line and I expect to see a rally from here. There may still be a small push back down to support first but I have entered the long. Happy trading! Linton White JP Markets

Linton_White

This is the weekly time frame on GBPUSD. I am expecting to see a reversal soon and the start of wave 3 to the upside, shown in blue. A break of the green trend line will be confirmation of this but that is still a long way off so I will start positioning myself for the long now. Start with small lot sizes and work my way into a larger position as the reversal unfolds.