WicktatorFX

WicktatorFX Updated 

Nasdaq saw a 150% gain from the 2nd quarter of 2020 - which ended kind of abruptly in mid November, where we started the corrective period. The fact that stocks soared during the pandemic is a clear indication that there is a disconnect between Wall Street (Corporate CEO's) and Main street (The working class). This could be down to the fact that the FED tried to...

WicktatorFX

Looking for Nasdaq to complete the ABCDE ascending correction around the 50 fib. Looking to take it down to the recent lows. Safe entry would be after the break of the ascending correction. Goodluck!

WicktatorFX Updated 

Nasdaq has approached the double bottom region in a descending correction. Looking for bullish price action to indicate reversal. Trade Idea: - Watch for bullish momentum - Enter with stops below the lows - Targets: 14600 (850pips), 15250 (1500pips) Goodluck and as always, trade safe!

WicktatorFX

Why are we entering? - In an ABC correction - waiting for C wave to finish around the fib levels - Expecting EUR weakness and DXY strength soon = EURUSD SHORT What is our confirmation? - waiting to draw WFB on C Entry - SAFE Entry: rejection of structure and then WFB - RISK Entry: rejection of sell zone Once entered, where will our Stoploss be? - above price...

WicktatorFX Updated 

AUDJPY setting up for what could be a really easy trade. Very simple trade idea: - Watch for price to come to our buy zone (between the 2 fibs) - Enter with stops below the price rejection - Target recent highs as first targets and -0.27 as second Make sure to take partials at recent highs and BE the rest. We may not get to -0.27 fibonacci. Goodluck and as...

WicktatorFX Updated 

NZDJPY has been showing us some really nice price action. We saw the impulsive wave down (5 waves) and now we're in a 3 wave correction (ABC) and we're almost at the completion of the corrective wave. The next step in the sequence is another impulsive wave down. We have the 61.8 fibonacci, structure and descending trendline acting as confluence in our reversal...

WicktatorFX

Things are shaping up quite nicely for NZDUSD. Expecting a pullback on DXY which could move NZDUSD higher. We have the structure level and fibonacci confluence supporting our LONG idea. Trade Idea: - Watch for a clear rejection of structure and enter with stops below the lows (SL less than 20pips) - Risk entry would be now - Target the recent highs...

WicktatorFX

In our last DXY analysis, we were waiting for the bounce during NFP - which we got! It appears we are in the 5th wave of the impulse wave, which is often 5 waves. We're expecting to stay bullish until the FED rate decision on March 15th until which the market structure may change depending on the results from the meeting. We are currently in the 3rd wave which is...

WicktatorFX Updated 

In our previous analysis, we were looking for a correction to enter shorts on Gold back down to the 1680 level where we have the completion of the higher timeframe pattern. It's likely that we'll see a 5 wave motive wave back down to the 1680 level. We just finished wave 2 and currently on wave 3 (which is often the biggest wave). See below for the VIP setup on...

WicktatorFX Updated 

Gold has been really complicated to read recently with loads of volatility. Once zoomed out, we can see that we are in a bigger ABC correction and we're currently in the C wave. The convergence point is the 1680 level where we have the major ascending trendline and structure level which we bounced off from numerous times. Whilst we wait for that massive trade in...

WicktatorFX Updated 

In our previous analysis of Gold, we mentioned how 1680 was the target for shorts and that we'll be heading there soon. During the FED meeting we saw a massive reaction and Gold was selling off as USD was pushing higher. The important thing to note here is that there are multiple ascending corrections before there's a major drop. Its incredible important to...

WicktatorFX Updated 

Silver is creating one of the best price actions we've seen recently. We are seeing a very clear impulse - correction - impulse. The correction appears to be an ABCDE descending wedge - leading towards the 61.8 fib which would be a great place to take SHORT targets and look for LONGS. The buy set up looks even better but for the meantime, we can look for...

WicktatorFX Updated 

Silver is currently within a descending wedge and we are currently in the middle of the final E wave of the wedge. At the moment we appear to be in ABC correction and anticipating another push lower down to the bigger bullish 61.8 fibonacci. The key area to watch is the 23 level. During NFP, anticipating price to push up to that level and then fall to the 19...

WicktatorFX Updated 

EURJPY is currently within a channel and has been respecting it really well. We recently saw multiple rejections on the daily timeframe of the channel support, indicating that there's bullish pressure. Trade Idea: - Watch for lower timeframe bull flags or a breakout - Enter with stops below the channel - target the mid channel as first TP (300pips) and channel...

WicktatorFX Updated 

Recently we saw a major crash in indices with NASDAQ leading the way in terms of loss. BANKNIFTY still hasn't taken much of a hit, indicating that there still may be more losses to come. We saw divergence in the last high, indicating that the trend is about to reverse or a correction is about to appear. We saw a really nice break and retest of the 61.8 fibonacci...

WicktatorFX

Following on from our last post on USOIL, we mentioned how USDCAD is inverted correlated to USOIL and USDCAD made a particular price action that is being repeated on USOIL. See that post below: We are now approaching the third touch of the channel where we are anticipating a rejection. Trade Idea: - Watch for rejection of the channel - Risk entry on...

WicktatorFX

DXY has been in a steady uptrend and we may not have seen the end of the bullish run just yet. We appear to be in a 5 wave motive wave and currently in the 5th wave. It may be that its a complex 5th wave which may turn into an ascending correction before moving lower. We are currently looking for a bounce off the ascending trendline and 78.6 fibonacci - possibly...

WicktatorFX

Following on from our last post on AUDNZD, price pushed a bit higher and it appears we're in a descending channel and approaching the upper limits of the channel. We are anticipating NZD strength soon which would help push AUDNZD lower. Trade Idea: - Watch for rejection of the descending channel resistance and 78.6 fibonacci - enter when there's rejection - stops...