WicktatorFX

WicktatorFX Updated 

On lower timeframe, Nasdaq appears to be reversing but once you zoom out, you can see that it's just a correction. We are currently within subwave 4, which is an ABC correction. Watching for completion below the blue structure/fib. Trade Idea: - Watch for rejection at the 618 fib level - On lower timeframe, watch for trendline break, BOS etc for confirmation -...

WicktatorFX

In our last GBPJPY analysis, we thought we'd make another high before reversing. However, it appears that wave 5 was an ending diagonal to complete the entire 5 wave move. We are now looking for any opportunities to sell GBPJPY. On lower timeframe, we can look for corrections and sell on the breakdown of the corrections. GBPJPY 8H Trade Idea: - Watch for...

WicktatorFX

Similarly to Bitcoin, Ethereum is approaching a critical zone where we'll be looking to buy. We require the current wave to move lower than the 3rd wave completion (900) for it to be a valid wave 5. However, in the rare (very rare) cases, it may be a truncated wave 5 where wave 5 doesn't create a lower low. Trade Idea: - Watch for price to move below 900 - Once...

WicktatorFX Updated 

EURJPY could be one of those trades where you can enter with a small SL and make upwards of 600pips. The invalidation level lies below the blue structure. As long as we're above it, we can look for reasons to enter Long positions. Trade Idea: - Watch for price to stay above the 618 fib - On lower timeframe watch for break of trendline or BOS - Stops go below the...

WicktatorFX Updated 

MATIC gave us a complex wave 4 and now we're at the extremes of wave 4. We have an invalidation level in place and we're almost at that level. Taking a short entry anywhere near the blue structure will give us a great risk to reward. There's only limited space for it to move up but there's 75% raw gain to be made on the short. We're expecting wave 5 to go below...

WicktatorFX Updated 

GBPJPY has been in a steady climb since April 2020. Due to BOJ's monetary policy, we've seen JPY fall to its death. However, there's increasing pressure on BOJ to abandon their YCC policy and we may see that happen very soon. In the meantime, we can take advantage of the bleeding YEN by buying GBPJPY once more. We are at the absolute end of the bullish wave so we...

WicktatorFX

In March 2020, we saw Silver shoot up in excess of 150%. Since then, we've been in a major correction for 2 years. A correction usually consists of 3 waves with wave C having 5 waves and following the impulse schematic. We can see that we're currently in wave 4 and approaching the wave 4 invalidation level. This allows us to have a clear area for sells and...

WicktatorFX Updated 

With FED raising interest rates by another 75 basis points, it will inevitably strengthen the dollar. We can use this correlation to short NZDUSD. Expecting price to stay below the blue structure. We appear to be rejecting the 618 fib. Trade Idea: - For safe entry, watch for break of the red trend line - For risk entry, watch for a rejection of the 618 fib -...

WicktatorFX Updated 

CADJPY appears to have completed the bullish wave and now we could be at the start of the bearish wave. We're currently looking to catch the bearish wave once we see confirmation. The confirmation we're looking for is rejection of fib and then break of the red trendline to indicate the next impulse has started. Trade idea: - Watch for rejection of fib levels -...

WicktatorFX

Our previous bearish AUDUSD setup played out perfectly and we're currently down by over 700pips! We are almost at the completion of this bearish move but we can still take advantage of a couple of more short plays. Trade Idea: - Watch for price to come back up to the structure/fibs to complete the ABC correction for minor wave 2 - Enter with stops above the...

WicktatorFX Updated 

US30 hasn't finished its bearish leg. According to our analysis, we are still in wave C of the major ABC correction. Wave C has 5 waves are we are currently on the 3rd wave (which is also made up of 5 subwaves) For this trade idea, we require some time for the subwave 4 to appear, which will look like a correction. Once we see this correction, we can use a simple...

WicktatorFX Updated 

In our last Bitcoin analysis, we mentioned that we're on the last bearish wave sequence. We can see that we're in wave 5, subwave 3 now. Subwave 3 has 5 minor waves and we're in minor wave 2 now. Expecting minor wave 3 to break the red trendline and then go on to complete the 3rd subwave around the 15k area. Trade Idea: - Watch for break for red trendline to...

WicktatorFX Updated 

Our last AUDUSD resulted in a perfect 600pip drop! However, the drop is not over. Expecting one final wave lower before we reverse. What we're looking for right now is for AUDUSD to go a little lower and then move up for the 4th wave. This wave should be a correction and we can mark it up and enter for the final 5th wave lower. Trade idea: - Watch for wave 4...

WicktatorFX Updated 

Ethereum is in a massive ABC correction. We are now in C wave which is broken down into 5 waves, which follow the impulse schematic of Elliott Waves Principles. We are currently on the 5th wave, which is also broken down into 5 subwaves (red numbered brackets). We are currently on the 3rd SUBwave and expecting a 3rd minor wave lower. Trade idea: - Watch for the...

WicktatorFX Updated 

In our last MATIC analysis, we identified that we're in the final wave, which is broken down into 5 waves. We are currently on the 3rd wave which has 5 subwaves. We're currently in subwave 2 and expecting a breakdown. Trade Idea: - Entry on break of correction (red trendline) - Stops above correction - Targets: previous lows with room to move lower See below...

WicktatorFX

EURNZD is currently in a major ABC (probably parallel) ascending correction. We've completed waves A and B. We are now in Wave C = 5 waves. We've almost completed wave 1. The next move is the wave 2 lower. Trade Idea: - Watch for the red trendline to break to confirm wave 2 has started - Enter with stops above wave 1 - Target 1.64 (400pips) but slowly taper...

WicktatorFX Updated 

MATIC has almost completed its bearish correction. We are now on the final 5th wave (subdivided into 5 waves) There is still a chance to get in on the final shorts with hard stops above the blue structure. The bigger trade will be getting in on the bullrun. Expecting price to go below the recent lows to fulfil the wave 5 criteria. Trade idea: - Watch for 5...

WicktatorFX Updated 

In our last post we identified that we're in the final 5th wave. This wave has 5 subwaves. We've seen wave 1 and now we're in wave 2, which is a correction. Expecting wave 3 lower. Trade Idea: - Watch for wave 3 to break the red trendline for confirmation - For a risk entry, watch for a rejection of lower timeframe fib levels or lower timeframe trendline break...