More downside for YEN?Hey guys, Ive been tracking yen futures and posting updates for forex fb group. This is good to look at for JPY pairs. Looking for more downside on YEN, so upside for xxx/JPY pairs
Correctivestructure
RE-ANALYSIS IN EURAUD - DAILY CHARTHey Folks,
We broke trend so we now have a B wave forming up which I expect to turn at some point of the upper structure into a final C wave.
-
Hey chicos,
Tendencia rota entonces tenemos una onda B formándose que espero que en algún punto superior de la estructura desarrolle una onda C.
Carlos
DAILY VIEW ON USDJPYHey Folks,
Simple idea, we are expecting a new impulse when the U.S. Dollar starts to get stronger. It could either break and make the move or continue correcting.
-
Hola Amigos,
Idea simple, esperamos un nuevo impulso a la vez que el Índice del Dolar se hace fuerte. Podría romper y realizar el impulso o continuar corrijiendo.
Carlos
CORRECTIVE STRUCTURE IN GBPCHF - DAILY CHARTHey Folks,
Here we have a great structure. Expect a down move to complete Minor wave B and then a last move up to complete de Minor ABC pattern.
-
Hola Amigos,
Tenemos una excelente estructura. Al tanto con un movimiento bajista para completar B y despues un último movimiento al alza para completar el patrón ABC.
Carlos
DOWNTREND IN AUDCAD - 4H CHARTHey Guys,
We may have Blue or Red:
Blue: More downtrend.
Red: One more up and then have an ABC correction to sell.
Watch for these moves!
-
Hola Chicos,
Tendremos camino Azul o Rojo:
Azul: Continuación de la tendencia.
Rojo: Un movimiento más arriba para hacer una corrección ABC y después caer.
Estad al tanto!
Carlos
EUR/AUD - SHORT I am currently holding shorts on this pair. We have had a nice corrective structure on the 4H and a retracement and rejection off the 61.8 fibonacci level. We have also broke back below and retested 1.40500 monthly support level as well as broke the counter TL on the 4 hour. Currently seeing a small area of consolidation on the 1H time frame before i expect significant short bias.
Targets at 1.37250 and stops at 1.40750 (just above monthly support) - lets see how this one plays out!
For more trading info check my instagram - link in my BIO
LONG SET UP IN EURJPY - 4H CHARTHey Guys,
Simple idea. Wait for channel breakout and look for flags to buy, we are expecting uptrend and breakout of the corrective structure.
-
Hola Gente,
Simple idea. Esperad a la ruptura del canal y buscad banderas de compra, esperamos tendencia alcista y seguramente la ruptura de la estructura de corrección.
Carlos
Big Long Move In GBPJPY ExpectedHello Traders,
GBPJPY is a daily long correction with higher highs and higher lows. This pair is in a weekly downtrend. But we will expect a higher degree correction to at least 148.65 to the last significant high at 148.00.
We try to take a long position when it shows us a clear trend changing structure in a lower time frame. We hope this will give you a sense of market direction.
Trade with care and always use a tested strategy before taking any trades.
Cheers
Copper next Short?Hello Traders,
today we want to share with you the OANDA:XCUUSD as it seems to reach our next critical area.
Looking at the long-term perspective, after the US elections in November 2016, the market broke out the consolidation phase around 2.0000 and initiated a long movement. Currently market consolidates again around 2.44-2.80 and on the H4-perspective market currently moves in our critical area of 2.69 for a possible reaction to the downside before market may hit weekly resistance again around 2.800.
If we take a look at our inter-market indications, it shows that we are currently moving in an extreme inflow area where capital flow may reach a point to turn and switch direction on mid-term. We currently take the ratio of Copper vs. INDEX:SPX , INDEX:DXY , TVC:US10Y . We always mention the important of inter market analysis to time our trades and the movement around reaction points better. As it seems that investors may take their profits at current reaction point which could lead to lower prices.
Taking into account the current situation it may seem that the market trades a little lower before we see the breakout to the upside towards weekly resistance level of around 2.800.
We wish you much success and hope you had a great and successful trading week.
As always please use a stop loss while trading and take care.
To you success,
Secrets2Trade
3 WAVE STRUCTURE IN GBPUSD - 4H CHARTHey Traders,
I have analyzing this structure for 3 months almost, since mid-October.
We clearly have an ABC structure going on after a sharp impulse, the C wave is going on.
It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels.
Make sure you look for the right patterns.
Carlos
Short wallmart with the dow looking vulnerable i have my short eyes on some of the top 30 and i think we could see wmt back down to around $64. watching the dow30 which is now tagging its 50dma any more down and we will be breaking that average which will give us a great shorting chance. i have a small short position here already with pfe and a couple others will be adding if the dow dosn't recover.