I think that the pair is in the C leg of the B leg of the ABC correction right now.
I believe EA is in a correction right now (wave 4) so look for the next upside. Even if the correction break the trend line, my view won't change.
After a breakout + correction I belive we may see the down move.
Wait for a big correction and use your strategy to trade the breakout.
EURJPY has broken the trendline so waiting for a correction and trading downwards to the trendline then to the low of the previous leg down seems like a good idea to me. If I don't get the structure I'm looking for(correction) I won't sell.
It seems like, by breaking the trendline and making an impulsive wave down, the NZDUSD completed the last wave of the big correction and is now starting the big downside. To trade this downside I'll wait for a corrective structure to form, then I'll take the trade down to the trendline at least. Let's see what happens!
I think the pair will take out the high marked in the chart then start going downside. Let's see.
After making an impulsive move down, DXY is now is an ABC correction in the B wave so buying the C wave looks good. This means Short EURUSD by the way.
After making an impulsive wave down, the pair has made an ABC ZigZag correction which I think has come to and end so it's time for sell. I'll wait for a correction before entering the trade. My conservative target is the 1.661 level but I think it will go down lower than that.
I think the correction is over and we're now starting the move up so buying from here seems good
I think we're in a correction of the third wave of an Ending Diagonal in the USDSGD pair right now, so trading the fifth wave to end the ending diag seems like a good idea.
CADJPY has made an impulsive up move and I think that it has completed the correction. Buying the next impulse up is a good idea.