5 waves done , now the ABC retracement... we can also see a double top formation, bears are likely to gain strength
EURCAD seems to be providing another entry, expecting a bullish move to form higher highs
If this kind of trade suits your R:R then.... NZDUSD for me: only interested in buying setups, H&S's might look rejected but its still valid, done with wave c and looking to buy pullbacks and anticipate higher highs
AUDUSD 4HR, we are done with wave 5 and currently forming wave a-c, can also locate a H & S's forming
CADCHF is in an ending diagonal, when wave e which will be the end of wave 5 completes we'll see the pair dropping to appr.. 0.75600
on the 4th wave, we are looking to see a formation of one last pullback(lower high) then price will rally down to around 1.07946
we are currently on wave c, expect a change in direction at around 0.71112-0.70961, ideal turning point for me would be 0.70961 but sometimes markets don't give us want we want. anyway I'll be watching AUDUSD and wait for a rejection at 0.71112-0.70961 then go long hoping to see higher lows and higher highs till around 0.71693 or even beyond. Enjoy your trading guys.
Good R:R trade, it's only technical.. will we see a 0.68498?? only time will tell!
it's really a text book kind of trade, we are at the very end of the 4th wave, bulls are about to come into play. definitely sure that we'll see a 1.18289(TP1) or even a higher 1.19133(TP2).. ride the wave up, the wave principle. swim with the bulls. let there be pips!
EUR\USD is on a downtrend, i still think it will continue to fall given the news releases we have today plus our upcoming NFP. Let me know what you think