Uj and chf/jpy both may have possibly completed reversal patterns, but until they actually break out of structure and give some sort of correction they are risky. Huge reward when they go if you have the patience and account. UJ looks buy on TDI on all time frames, but that dollar index can do what it wants where it is at. Looks like buy, smells like buy, but is...
AU broke consolidation. That green line is support/resistance area. Could go further.
If you are not in the sell from the top when I posted, I would suggest to look for any 4hr, but better to be daily structure to get in for the continuation down to break that low. The reason I say look for structure is because of the weekly pattern it is in and modern wave theory. This is a difficult pair to trade or time entry, but we may have had an ending...
The buy setup occurred at the bottom. Chf/jpy is one of the few yen pairs that have actually made a reversal pattern. I wish I was in at the bottom when it made that small flag with stop in profit but I have not been able to watch charts this week. I will do a short weekly outlook and discuss my posts. This one has huge potential long term upside. Like 50-60%...
EA broke the trend line of a 5 wave (what I believe to be a leading diagonal which would correct itself to around area of wave 1 high).....This is the weekly chart. The size of those wicks to the left bother me a little bit and euro strength. It is possible that it starts working down from here, it's been going down while the other euros been going up... Anyways,...
I talked about the EG buy. I still don't think the structure has changed. It wicked up hard after breaking the low. It did a small ending diagonal, wicked and now made a small contracted running flat and is going up currently. I think we are either gonna get a correction that will confirm the downside, or it makes it all the way up to break the high. I would think...
EN looks like it is consolidating to make another push up. This consolidation can continue downward more but looks like it wants to push up more. The sell is coming at some point, but I think we get another buy first.
I will be looking NU to be making a correction here (possibly an expanded flat) to go up to fork or supply zone.
'Gee Remy, thanks a lot, big help.... not" Well, you will thank me if you remember this scenario. If GA pulls down, I think we will get the push back up further at this point. Look at the circled area I have, expect some upward consolidation within that range, possibly an ending diagonal. We are at a fork now, but that concentration as a "trend line break...
just want to point out that it is possible that this is the big Gchf drop... slightly lower high... the price action. I don't know but just saying if it's going down for a big move the lower high would make sense. 3 touches on trend line, then flag. I'm in small with my stop at 134.288 for now just in case it is going, but awaiting better confirmation. This is a...
Aud is weak, chf is strong right now. Put that together along with a 4 hr consolidation breakout, expect more downside.
I'm going to describe this like Stephon from Saturday Night Live. If you are a well to do individual who likes to take risks and trade low volatility, I have the trade for you. Tonight's hottest trade is EA. This chart has everything. Correction, consolidation at trend line (flag), break of trend line, pullback to take out stops creating a possible running flat,...
At this point I have to assume that Uchf just did a W-X-Y overlapping 3 wave based on the price action. Equal length would be at exactly the .618 from high to low. It has not been going up aggressively and produced an engulfing candle off of the 27% extension right at the 38% retrace which would make sense for a wave 3 retrace. We are in a correction, and you...
I can put letters on it if you want, but very simple concept. Looking to break the high of this part of the correction. All it did was take me out of my first buy, I don't consider the pattern to have changed. I'll do a quick live stream later on EU and Uchf better explaining what I'm looking at and what may happen. EU and Uchf mirror each other for the most part...
I took that small setup on echf, but this is not a signal, just some information. Like I said before, Echf broke out of a huge consolidation doing a 5 wave. Echf looks like right now it is making a wave 4 flat or triangle when I just look at this wave up, in which case it would produce a buy setup at some point. But... If Echf is doing a 3 wave correction, which...
Some yen pairs are somewhat risky plays considering within corrective range. It is possible that AJ and UJ made small leading diagonals and are going to go up. Just want to point out that if the dollar finally breaks to upside, UJ is a type of trade that will keep going and going and not look back for the 3rd wave in this huge corrective pattern on weekly breaking...
If you look at the way AJ broke the lows on the daily you could see it possibly at least forming larger structure here considering it can still be in correction...