I've waiting for a long impulsive trade on the dollar. Price has broken out of the bear corrective channel so I'm waiting for a correction, maybe a flag but possibly deeper, for a long set up. All forecasts will be updated as they develop - remember to follow to receive them. Always wait for an entry set up before risking your money. This is not investment...
This looks very much like a higher degree impulse to complete the Impulse - Correction - Impulse. We could currently be in wave 3 (orange) of the third wave (Blue) of the next degree up (See snapshot below) The next long opportunity will come at the end of wave 4 (orange) In short look for a long trade at the bottom of the next dip I'll update my analysis...
I'm expecting a long move on this pair soon but the current set up indicates a high probability short trade back to the channel bottom. The long trade could happen now without one more move down so do not jump into a trade - wait to see if it breaks down. If we get a bullish break wait for a correction before getting involved. I'll update my analysis as price...
I expect this pair to continue its climb to the daily channel top. There is probably one more move up before a sideways correction to the trend line. I've been following this since Feb and it done exactly as predicted. See the 28th feb chart in the link below All forecasts will be updated as they develop - remember to follow to receive them. Always wait for...
Guys this pair have been in a large degree corrective structure for 14 months. Recently we had a break out which seems to have held. This could go a long way down over the next few months or even into next year. The trick is to trade it successfully because as you should know by now these things do not travel in straight lines. If you can see a set short trade...
It looks very likely that Silver is going to make a deeper correction than we've had so far. Initially I thought this was a simple 3 wave move back to the previous high but it now looks like it could make a move back below the start of the previous impulse. From present price we could have a push up before continuing the path down (Blue sketch) but given the...
This pair has been in a flat correction all year - price now looks like it has just started the E wave. We've had a break of the previous D Wave trend - now wait for a long entry set up. I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile) Always wait for an entry set...
Surely this is a sell setting up. The only thing in question is when will it break and how far will it go. Of course it could go all the way to the bottom of the Daily channel but be aware that it could also be scribing out a ABC correction (see snapshot below) Either way I'm looking for a short trade initially then we'll watch what happens. I'll update my...
Euro Aud is approaching what I like to call a decision point. From here price will either bounce back into the diagonal for one more move up or it will break out and give us a potential trade back down to the channel bottom. My bias is for a breakout but either way wait for the correct entry set up before getting involved. I'll update my analysis as price...
It looks like this has another wave down to go before going long again. We could see a long move this week to the top of the bearish channel before completing the move to the daily channel bottom. After that we could see one more big move up to possibly complete this weekly corrective phase. We'll take it one slice at a time - I'm not comfortable with the...
The last chart I posted on this pair I was looking for a long trade but price wasn't finished correcting. It now looks like we'll get another trade down to the channel bottom. Once there we'll be looking for a long trade with the possibility of a channel breakout. I'll update my analysis as price develops so remember to follow to receive them. You can also follow...
Current structure looks short. Let's see how this develops over the next 24 hours. If we get a break down I'll be looking for a short trade which could go all the way down to the channel bottom. I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile) Always wait for an...
Price is starting to approach a likely turning point so I'll be looking for a long move next. Don't rush in and don't try to predict the turning point because price could push lower yet. Remember we use dynamic analysis which means the structure lines move with the price. The lines only show current structure and are not meant to show turning points. We wait for a...
This has just completed a C wave of a flat correction. The correction doesn't look over to me. I would still like to see it move back down toward the trend line before we see any further advances. My bias is a short in the direction of the green arrow - wait for the turn and short entry set up before risking your money. Check out my accurate March/April daily...
If we take a purely wave principle view of this pair then price could have a very long way down. The reason I'm posting this chart now is the fact that price is currently at a decision point - I expect it to go long from here but if it goes short there is a very credible possibility that price will fall dramatically over the next year or so. Now I'm not suggesting...
This major correction is now approaching the 61.8% fib retracement so I'll be looking for a long trade back to the top of the channel. Remember we do not try to predict the turning point - you'll lose money that way. Price could easily push lower so wait for a break of the trend and long entry set up. I update ideas as they develop so remember to follow to...
Guys I was looking for a short trade to the bottom of the channel. It doesn't look like that's going to happen as price seems to have broken out of the channel. Let's see what type of correction it makes. If it's shallow we might get a nice long set up but if it's sharp we may have to wait for it to complete before finding a safe long entry point. Either way I'm...
The pound has been moving up nicely across the board but it looks like it's ready for a correction back to the trend line. The structure is similar on all pound pairs so keep an eye on them this week for signs of weakness. I update my ideas as they develop so remember to follow to receive them . You can also follow updates via twitter (link via my TV profile)...