appl stock has strong shown strong bearish price action at the top of its ascending channel. However fundamentally apple is strong and there is a high demand for the iPhone x so be careful with any sells. expecting price to fall slowly and correctively to lower support before more upside.
looking for more downside in this pair. watching for bearish price action and correction to confirm the sell. not interested in any long positions at this time. tp will be lower trendline or watch for breakout to hold to the 27%fib level.
expecting one more down in this structure so there may be a good sell setup. however a breakout to the upside would negate this trade and i would be looking for a correction to buy. sl will be moved to be on any sell due to this.
eurcad has broken out of its uptrend and corrected in a 3 wave structure. i am selling from the trendline to the previous low shown as the blue line. possibility for a 5 wave but unlikely so will take break even if it bounces of the most recent trendline.
looking for sell setups on audusd down to the daily trend line, at this point price could go back up to create a higher high for the 5th wave or be completed after the 3rd and break out in which case the sells would be held with a target near the previous low shown as the bottom line.
Exception another move up on gu. i will buy if price breaks up through the correction. possibility for price to break down so will not buy if price breaks out of current up trend. top line is the 127% fib level so this will be my main target but others are possible so will see how it goes.