Divergence on the down leg ,i'm expecting a three wave correction and looking to buy the c wave .First an A wave impulse out of triangle then B wave correction before I buy
AUDNZD In a daily down trend ,correcting up with an A impulse and a B correction in the making ,waiting for break to buy.
I don't trade oil but have been asked to give my views on it . well this is what I see. Divergence on daily ,240 up correction or start of an up trend ,too early to tell. On the 240 the up trend is holding and we broke out of the 60 mins corrective down move .I will wait for a lower degree correction to support the break out then buy as shown on chart.
I am neutral on this one because more correction is possible ,but short on long term as long as we stay below the trend. Looking for the up move for a better sell entry and R/R.
Short term breakout sell after a corrective move up.
Silver -The trend is down ,it's now making a correction . Trapped in triangle which could break both ways. We do have Divergence on the daily so more upside correction is possible.
Still looking to buy the break out Don't forget to like if you agree :)
GBPUSD is making a daily correction ,If the count I am looking at is correct then one more up move is possible to complete it ,if I am wrong the risk is small so i took the trade.by breaking the bottom it will change the structure that i am looking for. If you agree with the count please like the chart .
NZDUSD broke the daily down trend ,we have an impulse up and is now in the correction ,I want to see a 240 closed (NO WICKS) above the trend line and a lower degree consolidation to buy .
STRUCTURE HAS change and now making a deeper correction so will wait and buy the breakout
EURCAD is in a down trend making an up correction , looks like a wedge on a lower degree .Looking to buy to 50-618 fib then sell for the next leg down.
The chf is in a daily corrective mode ,looking for short term sells on breakout
The USDJPY is making one more leg down in wedge so i'm waiting for a lower degree correction to sell
The DYX looks like a 3 wave correction which could turn into a downtrend will be selling in pullback