Wait for the completion of the 5th wave before going short on USDCAD. Initial targets set at 1.17900 levels.
The next bigger move expected for the EURAUD is looking bearish and will most likely test the previous low of 1.36300. Sell the breakout to the downside.
Currently price is ranging in a reversal channel. We should see a break to the upside in the next week or two.
CADCHF is currently setting up for the next move up. Watch the lower time frame an entry.
Here is a simple trade setup that has formed on Silver. Wait for the break then go short.
Sell the breakout coming up on Gold.
Here on the daily chart for USDMXN there is a possible expanding triangle forming. The first impulse and correction has formed on the 1 hour. More charts will be posted as updates.
Here is the future pattern forming for AUDNZD. It is possible that price may not reach the top of the ascending channel for some time, so watch as price action nears the 1.12100 level. For the present time, on the lower timeframe, there is an ending diagonal forming indicating price will reverse soon. Buy the breakout or enter at your own risk.
EURCAD has given us confirmation that price is now headed to the downside. Wait for the breakout before entering short. First target is near the 1.51700 area.
Look for short positions at the top of the flat channel.
Look for price to break up out of the reversal pattern on the 1hr.
At current market price look to take shorts on EURNZD
Here we see the same pattern revealing itself as we have seen two times before in the past. 1.47000 is a long way away but it is possible price will keep correctively rising until that area. If we do see price come to that area expect to see a huge move down just like we have seen two times in the past.
Currently price on GBPJPY is not at a considerable place for a buy. Wait for the 147.000 area before considering buying this pair.
Watch for one these two possibilities to unfold as we transition into the 2018 trading year.
Look for to go short at the top of the descending channel.
Wait to see if price will reach the top of our descending channel again to enter short on this pair.
In the 2018 trading year I will be looking for both of these pairs to fall short.