EJSM

EJSM

I'm taking into account the time it took for impulses and corrections to complete. The blue line is a representation of a possible trend line which has been drawn parallel to the yellow line to gauge where potential points of contact may be. Wave 2 was a sharp retrenchment passing 50% of Wave 1 indicating that Wave 4 may take some time to complete. Taking...

EJSM

A double top has formed in H4. A retrace to 161.8 is possible as it lies right along the weekly trend line. Target 1: 1239.99 (Neckline) Target 2: 1226.79 (Along Trend line) Watch for a break in the neckline Ideas, Comments, Questions, Concerns.. All are appreciated, leave them below. Happy Trading, Good Luck ;)

EJSM

After our GDP growth topped our expectations, I expect the market to fulfill a blow off high (illustrated here by the completion of wave 4) I also expect buyer exhaustion to set in. Which may turn to wave 5. Down in the 1HR chart you can see RSI divergence as the market is being over bought. I will be updating this within the coming week. if you have any...

EJSM

The market is in a correction now, I see 3 different possibilities. 1. Correction waves A, B, and C have been completed and may drop below to pink dotted line at around 1.05135 then rise to 1.07997 (the black middle line) OR Break through the bottom dashed pink line on to 1.05135 (dashed purple line) and may even continue the trend to 1.03480 2. WAVE C may...

EJSM Updated 

I'm quite bullish on this pair We are currently in a correction, I personally am anticipating a break through the pink dotted line onto complete Wave 3 I'll be updating this as time goes on Any questions, comments, or concerns please leave a comment below. Thank you all, good luck ;)

EJSM Updated 

It seems as though EURCAD is completing wave 1 Target 1- 38.2% (1.43071) Target 2- 61.8% (1.41111) I'll be watching this pair this week I'd love to know if you have any inputs or even ideas. Thanks & Good luck :)

EJSM

I've got a long outlook for CADJPY I'll be monitoring this pair over the next couple of weeks. If you have any questions, comments or concerns leave them below. Thanks

EJSM Updated 

WARNING: The market is unpredictable and we can only do so much to attempt to anticipate a move via patterns and indicators, therefore before setting up in any position make sure that YOU have done YOUR research. I'm looking to keep an eye on this and will be making periodic updates on my position. Were currently in a flag so we'll see where she moves within...