steves_c

steves_c 39 views ・

The Euro has been sliding for the past week due a strong dollar and it doesn't look to be letting up. All EURUSD price action to the upside is corrective letting me know that the impulsive waves are still short. A flat is taking shape, so I'm looking to ride wave C to the target price. With limited resistance in the way of fibonacci trends lines it could drop...

steves_c 45 views ・

A complex correction over the past day or so has not been easy to get a trade out. With the dollar strengthening I think the Aussie has more room to drop due to the ABC correction formed.

steves_c 27 views ・

Resistance hit after an expanding flat to complete corrective wave B. A reaction and impulsive waves forming to the downside provides another short opportunity for against the dollar this week.

steves_c 68 views ・

An ABC ZigZag has formed at the top of the daily fibonacci trend line. This provides a short opportunity to ride wave C. There is a reaction of the 61% fibo but with the Yen it can often play games, so my stop is above the resistance. If price brakes through the trend line, this trade is invalid. All going well I'll be looking to hold this to close of play Friday....

steves_c 53 views ・

Shorting at a Fibonacci trend line resistance. Second reason is attributed to Elliot wave. There is no 5th wave of the ABC zigzag.

steves_c 43 views ・

I've started to use a new strategy and so far it's been profitable. Using the fibonacci trend line to forecast support and resistance lines it's offering plenty of opportunities in conjunction with Elliot Wave. This type of S&R in my analysis is a lot easier to trade than a traditional S&R as it's appears in to be more accurate.

steves_c 36 views ・

A kiss off the fibo trend line and target hit from the retrace provides a sell set up. The move on a smaller timeframe (15min) looks impulsive. There is potential this could try and make new highs but the sharp reaction gives me confidence it's time to short. My SL is set above the resistance trend line to play safe, if it goes above this the Elliot Wave theory is...

steves_c 53 views ・

Riding wave 1 of C in an ABC correction

steves_c 50 views ・

ABC for a short. With so much buying pressure it could take a while to hit target. Moving SL to break even once drops

steves_c 60 views ・

This pair is moving slow today and giving off mixed signals. However, we have a strong implsive wave which is potentaily the start of a C or an A. either way it's a long for the short term. Once im a few pips in profit, break even

steves_c 117 views ・

The begining of wave 3, with a nice wide stop loss offering plenty of room to ride this one for the rest of the week.

steves_c 54 views ・

Wave 1 of C has complete and hitting of 61% gives us a short signal. I'll be moving my stop to break even as soon as I have a few pips behind me

steves_c 65 views ・

B is finished, meaing we can ride wave C

steves_c 86 views ・

Wave 1 is complete, proving confirmation that wave C has kicked off. I'll be riding this one down to the first target price.

steves_c 59 views ・

Visiually we can see the start of a C taking place. However with a lot of buying pressure it may take some time to hit the target price.

steves_c 53 views ・

Trading the C of an ABC correction. This move follows after a huge expanding flat that happened yesterday

steves_c 52 views ・

Looks like the B is complete and ready for a long to hit wave C target price

steves_c 81 views ・

Confirmation on the 1-5minute timeframe of impulisve clear bearish candles provides the assumption the beginig of wave C has started.