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Elliot Wave Trader - Swing/Position Trader.
Master the charts. The rewards will follow!
#JugFX - Under Construction
Instagram - @foreign_jugfx
Will be awaiting patiently for a move to the downside. A major correction, creating a series of higher highs and high lows
We've created a double top. Will be looking at swinging this pair down to 104 -but I believe we can catch some nice moves from the infraday set ups
1st tp = 108.24
2nd tp = 106.940
3rd tp = 104.635
Link for more elliot wave set ups :...
I was on the sideline with gold as price dropped over 100+ pips to the downside, we seen a little bit of consolidation around the 1280 area which looked to be acting as a support - my buy set up for this trade was confirmed when i saw a strong bullish engulfing on the 1hr/30min time trade, with the us dollar being weak for nfp this had pushed price for gold to the...
haven't really updated you guys with the pairs, i've been looking at. This week has been a sluggish move in the market. This is where I am required to sit patiently on my hands and await patiently for a set up, However, I have been bearish on USDCHF for the last couple weeks, with NFP which took place at 13:30hrs GMT weak for the US dollar this pushed usdchf to...
my resistance area of around 111.100-200 area failed to break and close above so my bias of the downside is still a valid set up, and on Monday we seen price rise 50+ pips to the upside, signalling a potential fakeout which it looked to be as DXY has dropped meaning UJ dropping also, ideally before I take a short position, I would like price to pullback to my 38.2...
as previously stated in my original outlook for GJ i was anticipating a long term buy set up. This set up is still valid. We have seen price pullback where I've taken a buy trade
Price is up around 40 pips, where I've moved my stoploss to breakeven
have been expecting long term buys on gold and i'm still expecting this, yesterday we did see price drop 100+ pips to the downside and didn't look to have broken my respected support area.
I've taken a buy on this trade and will look to hold this up until 1360 possibly adding more positions
my daily sunday review of the markets before they open, audusd is worth watching out for this week. I'm expecting some bullish momentum as we can see a nice double bottom that has been formed on the 4hr time frame. ideally, I would like to see audusd pull back slightly couple 20-40 pips to the downside, towards my 61.8 fib extension, where that would be my...
as previously i was anticipating a long position with this pair, which we had saw yesterday, price looks to be pulling back slightly before we have the next impulsive move up
this is now a risk free trade
this week i was anticipating some bullish momentum in the market, i was wrong so I was stopped out earlier in the week only risking 1% per trade, we have seen price continue to fall to a key support level where i've taken another buy trade, the reason for my entry was purely when we come down to the 1hr time frame we can see a bullish engulfing candle and price...
hey traders, just a quick update I'm currently in a short position on this pair. I will be looking to hold this trade for a few weeks, a nice R:R set up
let's catch those pips, feel free to comment with your thoughts/analysis on this pair
happy trading week - this is my overall long term analysis on gbpjpy,
however, I can see price drop back down towards the 141/142 area, due to brexit results happening soon. However, I do believe we can see some upside on this pair, so I will await for a perfect set up, before triggering a long set up
feel free to comment with your thoughts/analysis on this...
last week, the start the of this week i was bullish on gbpusd, but my bias on this pair had changed as we failed to break and close above my 1.32191 resistance level, price has bounced of my resistance level creating a nice double top before heading to the downside, on Wednesday we did see gbpusd head back up to the upside but this was due to the FOMC news being...
my bias on gold completely changed, I was anticipating for price to fall some pips to the downside as we did form on a triple top which can be found on the 4hr/1hr time frames, however on thursday/friday gold starting to rally to the upside, with a huge bullish engulfing candle stick formed on the daily. Price is now starting to pull back, look to enter this trade...
as expected price had broke through my support area, before some bullish momentum started to take over, we can now see audusd on the go
will be looking to get into this pair sometime next week as I will be awaiting a pulllback
expecting some upside movement on audusd soon. If price doesn't break my support level of 0.708 and 0.702 area.
Will be looking to buy this pair soon, and will be keeping my eyes on his pair
Elliot waves has confirmed my analysis