Staggi10

Staggi10

Here is the foundation for my trading plans with GBPAUD. Lately, I have been starting to look at the market in fractals, meaning that especially during periods of corrective price actions the market often moves in 3 wave patterns. Each of these patterns consists on a lower level of some kind of 3 wave pattern e.g. ABCs or WXYs of all kinds. This is what I´m trying...

Staggi10

GBPAUD could be worth the risk to short for the interest news tonight. I believe that GBPAUD is in a corrective channel and should go down for a wave C. This wave C is part of a larger corrective pattern. At the end of the wave C we can expect GBPAUD to rise, rising to the highs of August 2008.

Staggi10

As everything is depending on how the FED will determine the current economic situation in the USA one could make a case for both a continued strength off the USD until the FED will cut interest rates. However, a slight indication of earlier than expected cuts will weaken the USD significantly and will come as quite a surprise for the market. In my opinion, the...

Staggi10

Weekly look at AUDCAD. Everything I see is three wave overlapping patterns. There are 3 distinct channels visible that all fit the narrative of an ongoing corrective move that maybe a WXY. Currently, I believe that we are in a wave B of wave Y.

Staggi10

AUDCAD shows bullish momentum on all TFs 8hs and lower (I´m not looking at minute charts). However, it is in my opinion trapped in between two (evtl 3 channels) as part of a bigger WXY. AUDCAD could have already finished the wave B of Y but I´ll give it more room to the upside to the 61.8 or 78.6 fib retracement before it continues down again. Two thresholds need...