EURGBP has completed a bearish Wolfe Wave setup and may be ready to short toward the target line. Triangle is complete on the APRR oscillator as well. As always, it's a good idea to wait for confirmation before placing a trade. Close below the 1-3 extension would be a good indicator of continued bearish pressure in this case, with a tight stop above recent...
Yesterday I posted this: With a conservative short TP at the .786 fib. The pair has now dropped to the 1.618 level and is showing us several signs of bullish confluence, indicating a rebound is in order. A falling wedge/Wolfe Wave is complete and is pushing the upper retaining resistance line. Pinbar support has also formed on the 1HR chart at a key level:...
USDCAD is showing short term and long-term weakness. Many indications of an upcoming drop, followed closely by what could be a rebound toward the unhit daily pivot before further bearish movement out of the rising wedge. See chart for more details. Happy Trading!
GBPUSD is setting up for a potential long setup toward a Gartley completion. TL support protects a SL below lows and an unhit daily pivot may help pull price up toward target. R/R of 2.0
AUDUSD has broken a bullish TL on 15m APRR in addition to forming an APRR Wolfe Wave on the 1HR timeframe. This may be an opportunity to short the break of the curved wedge. A support/resistance zone sits above price to protect the SL with target at the predicted 59p drop correlating with the missed daily pivot from 8/10.
Hey Traders! USDJPY is showing some bull signs. The break of APRR trendlines on the 15m and 1H chart after a strong bullish impulse allows for optimal entry toward the completion of a potential bearish cypher
GBPUSD is forming a wedge on the 1H chart. The 15m chart is now showing bullish signs as well with the APRR oscillator forming a triangle and pinbar support forming at resistance from the daily range minimum.
USDCAD has formed a bullflag potential continuation breakout. The APRR has broken a major bearish trendline as well, confirming potential continued bullish price action and providing an opportunity to get long toward wave 5 completion. SL is placed below recent lows with Target at the next S/R area.
GBPJPY is showing bearish signals after breaking the bullish TL on APRR. Target at Friday close with SL above highs. I will also exit the trade if a bearish trendline is created and broken on the same indicator.
CADJPY is nearing the completion of a bearish bat on the 1 HR chart. In addition to this harmonic setup, the average period range relativity oscillator is forming a bearish Wolfe Wave at the same level. SL is placed above highs on APRR with target at the APRR WW target line.
APRR Shows weakness on the 1HR, selling on a break and close below TL2. SL above highs with target at .886 retrace on the APRR oscillator which is confluent with the pair's next strongest support line.
EURUSD is nearing an important zone, where ADR levels meet MA's, trendline fan levels, and structural support. This is an opportunity to ride the trend up to the 1.3 area with a tight stop if the pair drops further. Happy Trading! GM