EURCAD in a down trend making a C of C wave in a huge corrective structure . I will post the daily and 240m chart showing this down trend C wave.
The NZDJPY is in a daily corrective trend ,we are now in C wave ,which could be an "abc" 3wave or a "wxyxz" 5wave If it's a 5 wave up i'm looking to buy the Z wave of the C wave.I will wait for confirmation of an impulse up and then buy on a lower degree correction.
The GBPAUD is in a weekly down trend the Y wave is either a 3 or 5 wave pattern , In any case i will sell on the break of the lower degree up trend. I would be looking for buys only after the down trend is broken and price consolidate above said trend.
Yen is in a consolidation ,this could be a very complex pattern in the making ,so i'll buy on the break out and move stop to BE when we hit the upper trend line .I am looking to catch the Impulse of the correction .If it becomes more complex then I will take a BE trade. I always trade for the bigger move and grater R/R.
If it makes a consolidation we will look to sell again!
I am looking to sell after the break out and will move to BE if it goes to trend line , i am keeping the trade for the long run.If it retrace and go up i'll take the BE trade.
The GBPCHF has broken the up daily trend and is now making a 240 down trend ,we have been selling this from the top ,already taken 3 trades off and still in the first one (583 pips at time of post) looking to sell again on the break of this bear flag.
The AUDJPY is in a B wave correction which could be a 3 wave WXY or a 5 wave WXYXZ if my analysis is any good i'm expecting a 5 wave correction, I will watch the down structure on lower degree as it develops.
Bitcoin is in a weekly bear market (correction ). We are in the C wave of the correction and now completing the 5th wave in a "wxyxz" five wave structure. The completion of which, will start an impulsive wave to the upside.This is very much in line with the forecast on EURO, Aussie, CAD, Yen, Gold ,Silver, etc. We should expect a huge fall on the USD!!
Expecting this down move to finish soon .
This C wave in the corrective "abc" about finished .I will be looking for a daily impulse to the upside with a 3 wave correction down to enter position traders.Will post on lower degree charts.
Waiting for a break of the flag to sell .targeting the bottom of the 240 corrective up trend
Waiting for confirmation it's a bear flag ,Will sell on the break ,targeting the bottom of the 240 up corrective trend.
The NJ is a the top of a corrective daily trend . Breaking of the bear flag will start the next leg down to the bottom of the trend .
A pullback to the 50 fib and trend is where i'm looking to buy again ,I am already in with one position.