Keeping an eye on NZDUSD for a buying opportunity at the bottom of the bull flag (Waiting for a bullish candlestick formation or divergence, etc).
If price breaks the bottom of the bull flag then I want to sell the pullback.
USDCAD .. I am getting ready to go long if we get H1 trend line break.
I think we have completed 5 waves already but I may be wrong as it can still push lower that's why it is important to wait for a trend line break before going long.
If we get a trend line break, then SL goes below the lows and the 1st target is the 23.6% retracement level of the entire down...
AUDUSD is setting up for another small up move before we face a major resistance level which will probably push the price down
I am looking for a long opportunity next week after a small retracement then short once we hit the red level.
I think CADJPY has completed 5 waves and I am getting ready to look for a short opportunity.
If this is indeed wave 5, then I will short based on the following steps
(1) I will wait for price to make a lower low (below 85.5) - Basically break the low
(2) Once the swing low is formed, I will Fib the down move
(3) Place pending Sell Limits at 50%, 61.8% and...
I like a short on EURCAD based on the criteria on the chart.
If it rises, I would like to sell between 50% - 61.8% retracement from the down move (look for bearish candle stick formations at that level) or lower level trend line breaks.
SL will need to go above the high of the entire move.
If it drops and breaks the channel and the channel low, then I will wait...