WHY I MENTIONED a TRAP PATTERN on NZDUSDThat would create divergence and take it right off the 200MA on 4hr. Regardless if it breaks the high (I think it will) there should still; be a nice buy if it makes that flat.
7swing
USDJPY 7 swingUSDJPY did a corrective 7 swing and rejected the 1.236 extension which exactly what you want. Finding support at 200ma on 1 hr. It can continue trend up from exactly that level, but we should at least get an ABC. Usually these patterns reverse.
Chf/JPYMay have finished buys and be on the way down to complete a 7 swing. That would mean we have an expanded flat on 1 hr for downside. If it continues down I would expect it to probably reach 50% retracement. But if it breaks out to the upside from here I would be looking to get out of it. If it follows the path I have marked up, the buy would be the better trade.
Eur/Aud 7 swing structureFor you supply and demand traders. Eur/Aud is showing divergence. This is a supply zone of extreme importance considering the price pattern and fibs. It's going down at the moment, but we don't necessarily have any confirmation yet (this is high time frame stuff and a large zone). If EA was to push up, equal length to "A" would take it to the .764 fib to break the high. This pattern doesn't need to break the high, although they can. That is a lot of pips long term, so my plan is to continue looking for sell setups and letting some run until I get that trade. It is possible we get some sort of smaller flat structure on daily and then a push up again (this may take a long time to play out.)
XRP/USDI'm not a crypto guy. I'm more of a probability-risk/reward type of fellow. But if cryptos will survive, XRPUSD is dirt cheap and has swung my favorite number. If you look at the beginning of this chart, price went sideways for half a year around this area. The whole question is, will it survive? if it does, then a low leverage long term position makes sense to me because pattern wise you stand to double your money. Keep in mind, there are probably still people holding this from much higher up waiting for it to come back. I don't necessarily think it will, but I could see either a more complex "B" wave or even a "C" wave at this point to keep people holding. Just saying, it's pretty cheap, something to consider, but I wouldn't bet the farm on it.
GBP/CAD 7 swing, looking for at least a buy scalp...Gcad showed some price action showing potential reversal for retracement. It did pull back in a small 3 wave rejecting the fib level. But since then has been making a 7 swing wxy that measures out to break trend line and reverse, which is very typical. TDI shows it be in a sell on the 1 and 4hr charts, but daily looks like more room up to me. Just understand you are trading within a correction so there are different possibilities of how it plays out. It can finish correcting and just continue down, but it can also turn into a running flat, pulling up much more.
