The_Traders_Memoirs

The_Traders_Memoirs

In USDCHF, it appears that a five-wave structure has completed to the upside, breaking above the corrective Wave B of the prior Zigzag. I anticipate a minor correction in the near term, followed by a resumption of the upward trend.

The_Traders_Memoirs

GBPUSD appears to be consolidating within a triangle pattern, which often serves as a continuation structure. Based on the current wave count, I assume we are still within the triangle, likely in its final stages, with a potential breakout to the upside. Should monitor the completion of Wave E and look for confirmation of the breakout above the triangle's resistance.

The_Traders_Memoirs

The upward movement in USDCHF appears too weak to be an impulse and seems more like a corrective structure. I assume the 4th wave has completed, and the pair may move slightly lower. For now, I am labeling this as an ABC Zigzag correction.

The_Traders_Memoirs

EURGBP appears to be forming a triangle, suggesting the potential for downward movement. Consider short positions after Wave E completes and a confirmed break below Wave B occurs.

The_Traders_Memoirs

In EURJPY, it appears that the 4th wave correction has completed in the form of a Zigzag. I anticipate further downward movement. Consider entering short positions after a confirmed break below Wave B.

The_Traders_Memoirs

USOIL (WTI) is currently trading within a large triangle, with a likely breakout to the downside. I anticipate further market decline.

The_Traders_Memoirs

Silver has completed a five-wave structure to the downside, followed by a Zigzag correction near the 0.786 Fibonacci retracement level. I anticipate further decline in the market and recommend considering short positions after a confirmed break below Wave B.

The_Traders_Memoirs

I anticipate continued growth in the USDCHF pair. The correction has likely concluded at the level of the previous 4th wave, and we are now in the process of forming the first wave upward.

The_Traders_Memoirs

I believe the correction in EURUSD has concluded, and the pair is poised to continue its downward movement. Consider entering short positions after a confirmed break below the 1.04218 level.

The_Traders_Memoirs

GBPNZD is currently forming a bull flag pattern, signaling the potential for an upward move in the near future.

The_Traders_Memoirs

The correction in the USDCHF pair seems to be approaching its conclusion. A break and consolidation above the 0.88897 level will provide the confirmation needed to consider entering long positions.

The_Traders_Memoirs

It appears that a five-wave structure to the downside has completed. Now, we anticipate a corrective three-wave structure before the downward trend resumes.

The_Traders_Memoirs

US500 continues to move within the price channel. I anticipate further market growth.

The_Traders_Memoirs

It is similar to EURUSD. If, after a five-wave structure, we see three waves up, the GBPUSD pair is likely to continue its decline.

The_Traders_Memoirs

If, after a five-wave structure, we see three waves up, the EURUSD pair is likely to continue its decline.

The_Traders_Memoirs

After a slight correction in gold, I anticipate further growth.