Correctivestructure
USDCHF flag formationLook for a breakout or another move to the downside. But be careful with buying after a breakout since the price is moving down on a daily chart.
AUDUSD Sell Setup @ 60minsHi Every One,
AUD.USD its been trading on resistance zone quite long time, It could not brake that zone before find the proper pattern. As per my elliott wave count AUD.USD fell into complex corrective pattern, I am looking for final leg of this corrective pattern. Support level @ 0.7620
GBPUSD Elliott wave Analysis 02 MAR 2017Hi,
After free fall on OCTOBER 6th - 2016 GBP.USD trading Complex corrective pattern. As per my wave count GBP.USD Double zigzag Pattern on B wave.
I am looking short upside to complete B of b wave in Y wave. Target for this wave 1.2600.
USDJPY WAVE ANALYSIS 24 FEB 2017Hi, Enter long on USD.JPY to capture C wave of ABC corrective pattern on short term.
CADJPY daily flagIf there is no clear breakout on the bottom, price might be going up again and eventually break out of the structure to form a buy setup.
GBPCAD - Looking to buy at current pricePrice has pulled back to what I think is a solid short term resistance prior to the London open. Therefore I am looking to buy at market, targeting 1.65 as a first target. My extended target is all the way up at 1.66.
GOLD - New structure low and short term bearishLooking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present.
Looking to enter at current price with multiple take profit levels.
1st: ~1251
2nd: ~1248
3rd: ~1244
USDCAD sell setupIf price goes down to the resistance level, look for a breakout for a sell setup or another move up for a buy setup.
GBPUSD - Simple range (correction) playLooking to enter around 1.2537 if price pulls back a bit more, targeting 1.2560. Not shooting for extended targets since the HTF is pretty volatile and I think we first need to see a minor retracement on the 4 hour chart, something that would break this corrective structure to the downside. But before that I think price will make another push to the top of the structure.
CADCHF finished sell setupYou can see a finished sell setup on the CADCHF. After a breakout and a corrective move the price starts falling again. There is a high chance for a downtrend now
EURCAD - Expecting bullish momentum during London openThe current corrective structure that has formed during the asia session is hinting about another bullish move around the corner. I am expecting a weak retracement into ST support around 1.3925-1.3935 followed by a move up to the first target at 1.3960. If the buyers manage to push through that level, next would be 1.3975, 1.4020 & 1.4080.
AUDNZD - Same structure as on the GBPNZDMimicing the stucture on the GBPNZD I think this corrective structure we are seeing on the 1 hour chart is indicating another bullish move around the corner.
Planned entry is on a retracement into 1.0708 with primary target around 1.072 and extended target around 1.074.
AUDNZD buy setupLooking for a breakout at a daily resistance level. If there is no breakout there might be a short opportunity.
USDCHF Expanding Ascending Triangle Here on this pair I am watching for a sell setup at the top of the expanding ascending triangle.
Gold sell setupGold might be going down until it reaches the trend line. But be careful because the price is likely to push up once more. Another flag could mean another sell setup.
EURJPY UPDATES! Keeping a close eye on eurjpy for the end of the correction!! will likely turn, buying the break will give you better probability and RR... Time will tell
Daily View of GBPNZDHere on GBPNZD I am expecting to see another wave up to further complete our corrective pattern.
Sell setup on the NZDCHFOn the NZDCHF there is a setup for a mirrored flag. When the price comes down to the flag´s resistance level there might be a nice sell setup.
Buy setup on the NZDCADIf the price starts climbing again and if it breaks out, there might be a nice buy setup for a relatively short time. On a daily basis the NZDCAD is on a down trend so do not set the targets too high.
AUD/JPY Expanded flat? Running flat? Breaking down structure Hmmm as I progress understanding of wave theory, I like to look at the charts differently and expect the unexpected. This to me appears as a "expanded flat" I've quit trading the animals because Ive realized the importance of wave structure! Have a great weekend!
CAD/JPY Corrective Structure! Breaking it down! We appear to be forming a continued bullish corrective structure! This is based upon my current understanding of EW Principle. Thanks for checking it out! Show me some love, and what you were thinking ;)
