Last week's price action produced a solid series of first waves and a strong drop toward the end of trading. More downside is expected as third and fifth waves pan out. This is a great spot to get short with SL behind first wave and root support structure. Cheers
Hey traders, I'm still in this GBP Short - I want to add here after the FOMC meeting and continued dollar strength. There are multiple bearish impulses continuing on the lower timeframe and we are contained inside of a bearish channel. Cheers
I see a series of ones and twos totaling five bearish impulses. I like a short where we move SL to breakeven at T1 and target lower levels where it is likely we will see a wave of upcoming fours and fives (expect choppiness). Cheers
USDCHF is showing signs of continued strength in the early trading hours of this week. The wave count indicates much more bullishness and choppy fourth waves. Keep an eye out for signs of reversal on lower timeframes. Cheers.
CAD is the second strongest currency after the dollar. I'd like to sell it on USD weakness as cash could flow quickly into the Canadian dollar. I only want this if after news is released we have a weak GDP report. Otherwise, trade is cancelled. SL and Targets on chart. Cheers
Ending diagonal MAY be complete. Break lower will confirm or breach of counted fifth wave will call for a recount. Great R/R and the higher timeframe agrees with bearishness from this level if the diagonal is in fact complete.