As long as Gcad is holding above 200MA on daily I'll consider it a buy. It is closing the week at an insignificant trend line. This could potentially be a very nice pair to trade next couple weeks.
I'm not entering a sell on this right now. But I will be looking to sell the breakouts of a correction next week.
Could be huge. Could turn into a flake. But should probably push up some more. But that's why am tirelessly working on my EA algo. I hate chart watching.
I felt fairly confident that this would continue down and it did. I still think it will. Due to the potential different channels, obviously it could do some different things, but I would look for this move it is currently on to be part of a smaller corrective structure that will continue.
I just realized I never posted an update on this one, and it gave a beautiful buy setup. Obviously EURO got strong. I still think we will get another short on this considering how it rounded. But I would recommend waiting for a red daily Heikin Ashi candle before going for any larger short, or set a sell limit up at the .618.
I can't expect it to copy exactly, but I do expect it to be creating a choppy channel down here. Pending from here, but it might not break the low before shooting back up again, it will be choppy, but trend is down until something changes,
Cad index spiked up. Wait for flags on lower time frames and use buy orders to limit risk.
This should keep trending for a 5th wave.
Yen pairs look like they are gonna go down. If my EURCAD trade works out, then the EURJPY sell would be better than CJ. ChfJpy is also a nice one.
This one could take some time to go, but maybe not. Might set an order to catch it if it shoots down, secure some profit and set risk free at trend line, then let it run.
Looks like a corrective flag to go down. That's all I'm gonna say .
That price action looks very telling. Expecting more correction here.
I posted to wait for the correction, You can see it is at the point that it can shoot from here.
I made a video about this one... Sell flag on 15 minute.
We could get like a flat here, but it can also just keep dropping and dropping.
Ralph Elliot mentioned alternation of patterns, however the US Dollar doesn't care. It made the same exact correction it made last time. The downtrend is strong, it should just keep going.
The several different degrees of this wave count tells me that NU will just keep trucking to break the other high and more. The 200MA on weekly was the original longer term goal and that will not change. Plus EURUSD looks like my original analysis was correct and it will go up, but I would rather be long on NZDUSD.
Rather than 200MA on weekly, I'm just gonna look to 200 on daily (the 1.50000 level).