I think the bears have taken over GBPUSD and the bulls have ransacked the dollar. Any further consolidation and we can see the GBPUSD continue this bearish trend for weeks! Lets see how she goes!! beautiful ascending channel on the daily has broken down on the 4hr. Can the daily confirm this breakout?
EURUSD has hit our buy zone. Now we must be patient and wait for any bullish signs on lower time frame to signal us for a trade to upside. We are looking for the C wave of daily ABC.
GBPNZD is finishing a ABC pattern and very bearish. We can see this wave terminate around the 100 level of the A wave. Lets see if we get the impulse we are looking for to the downside!
GBPUSD is in a 4 hour correction and looks to be creating a WXYZ instead of a WXY. We must be patient and let the correction end before trying to hop back in the trend. However we can still trade this last 3 wave correction in the corrective phase then then enter in the trend it self!
Gold corrective structure looks like it is about complete. Any correction on a lower time frame will warrant buy set ups!
USDCAD has made its move last week and over the weekend! All we need is a corrective structure on a lower time frame to be able to join this structure to the downside!
EG is currently in a corrective structure for upside. As soon as this correction is over i am expecting an explosion to the upside for the next impulse!
Expecting a C wave on eurusd to the downside! will wait for impulse.
Looking to trade the 4hr downside to about 145 level before considering staying in or taking profit! Expecting price to stay below the impulse. Any move up and close above will invalidate this pattern!
USDCAD looks to be making one last move to the high before our bigger daily drop. We can trade this up to 1.3200 then look for sells once we reach that area!!!
NZDJPY has finally hit a bottom and ready for take off. Let two weeks we got bullish momentum so we can expect a bit of a pull back then a continuation to the upside for another bullish run. We are looking for over 1000 pips in the up and coming weeks!
Keep in mind this move will take months but its still a good set up on NZDJPY! Lets see how it plays out!!!
Patiently waiting for any reversal signs on cadchf to break out of this continuation pattern to the downside to finish its trend. We can either enter at the high on another retest or wait for the break of the continuation pattern and enter! We will see what price wants to do!!!!
AUDCAD looks beautiful, lets get ready for this next move to the downside!! Lets watch for market Impulse to the downside!
Gold already hit first take profit. Now we wait or consolidation to see if we can reach further targets below.
As expected GBP pushed to the downside. However we didn't expect it to push up as much as it did before rolling over , so we missed the entire move. However we will wait for any continuation pattern and catch the next move to the downside!
USDJPY has finished a 3 wave sequence confluence with a 5 wave c wave in an ending diagonal. This can be a signal for a bearish run to the downside now!
This c wave should be in a impulse form. Once we see that we can confirm that the bigger corrective structure is complete and then trade it to downside!