This one is a tad "after the fact". But that was a nice buy setup. Weekly shows huge potential buy on the TDI. Looks to have begun its uptrend. 84.00 level is a level to look to, and it breaks that it can potentially go way up. Needs to break out of this fork. I think it probably will, but I would continue to consider pullbacks and consolidations correction to...
EN has broken out of consolidation and is moving down strong. Considering a lot of things, this is my projected path for it to make. I posted that buy (which turned out to be barely a scalp if you held as long as I did). I have been anticipating one last possible romp upward. At this point, considering the overall pattern and the fib extensions I think it is...
OK.... If you saw the chart I just posted to my friends you would laugh. I cleaned it up... a lot. But I see 2 possibilities with GJ. Equal length would take it down to that zone and create a larger 7 swing which fib wise would bring it to that yellow ray line level...(.618/equal fib extension of flag). It lines up perfectly to do that. However, it is a very...
This is the scenario I see playing out on GN as of right now. That would be a 7 swing, which the structure it is in looks like. I circled equal length of the first leg of this correction. GN can go on a downtrend, and I am expecting the sell, but until something changes I would be looking to take any setups that may arise. It doesn't have to go up and break the...
I know, I know... This pair sucks. But look for it to correct. At least making a flat to yellow trendline. Looking for my downside long term but it is in a trendfib extension zone within a trendfib extension zone. It can extend down forming a correction to break low, but I think even if it does we will be getting at least a large 3 wave retrace.
I was looking for Ecad to push up one little time for a small buy, didn't work out. It still may make more of a flag here but I think it is on the way down, at least on the weekly. Regardless, I spent some time on this one today. Looking at its pattern since '91. It's like anyway you look at it, it is w-x-y over and over... Meaning multiple ways to look at it in 7...
This one looks like a risky play. But Cadchf did do a flat at trend line and is breaking out. If it finished correcting, then I would look for next wave to go to that supply zone, then further. My stop below the correction.
I've been in this, took an entry at the top. It never fully touched or broke high, but that looks like an ending flat pattern to come down, not a running flat to go up. As I said before this trade has huge potential downside but look to take profit for smaller structure and let some ride is my opinion.
OK.... So this is not necessarily how this should be counted, but I'm showing you the weekly which shows a 7 swing type structure (or 9 swing). If you look at it in more simple terms of A-B-C, then I would still expect a 50-62% retracement IF it was to do a longer "C" wave. I'll do a short video on ezar and uzar sometime today, see link below. I will have to do...
Eur/Zar has been going down, however, several ways I look at this, it seems like it is going up. Either in a 3 wave to maybe break the high, It could make a large flat, but possibly already completed an expanded correction and we get a larger 5 wave that retraces that long move. The buy entry setup was earlier when I was asleep on 4 hr and we would have stop in...
Well, what do you know I did nail perfect entry on that. If you got in when I posted protect your profits and let run
GN looking all like a buy setup. Just watch out for a correction. Or don't touch it. I could care less. And BTW, Acad kinda turned itself into a sell setup on lower time frames. I gotta be honest, that trade kinda sucks. Great risk to reward but dependent on it going up. I want tight stop, I ain't gonna give much room for stop loss when buying something in a...
This is a somewhat risky countertrend trade. It is all about entry and tight stop. Acad could even go up to either one of those levels creating a flat correction. entry on 1hr but I am small. Best to just scalp, but may get a nice surprise. Might not LOL. But remember I didn't say it wasn't risky. looking for 3 waves. It goes down, I'm out.
I posted the weekly diagonal before waiting on price action. That pink line is the pitchfork line. EA looks like it is about ready to come down to at least make a flat. It does have potential to spike up one more time but that price action tells me she's going to come down. This actually a potentially large long term swing possibly working below the 1.5300 level...
I would like to see GU do more of a correction on the 1hr signifying downside. When it comes down to trend line it can do 1 more up but it is at a spot it could possibly start working all the way down creating the larger corrective structure if we are getting a lower high. Holding to pitchfork as of now. I am not in it yet, but it is on my watch list....
These trades can seem risky but they are the kind that shoot.
I just did a live stream where I explained my thoughts on the riskiness of the market this week. Ecad looks like it is making a corrective pattern that will break the high. Anything you are trading is in correction though as far as I see it, other than some yen pairs that MAY be breaking out. I'm up on Ecad right now. It is possible it breaks the low first but I...