Bullish on Euro: Trending UpSMA and channel support give this trade a nice backboard behind which to place a stop. Long toward top of channel if resistance is broken.
Gmercerfx
EURJPY Long: Potential Reversal PointI like a long here off of this bullish reversal candle near support. SL under candle with target at top of channel. Gap remains unfilled as well as a missed daily pivot above price.
CADJPY Short: Nice Profit Yesterday - Re-EntryCADJPY has retraced its gains from yesterday. The bearish impulse was strong yesterday and I want to sell through the Asian and London sessions if lows are broken.
USDJPY Short: Selling the RejectionUSDJPY is in a short term downtrend. I want to TP at the given target line. Trade active at Sell stop with invalidation above recent highs as shown on chart.
EURAUD Short: Wave Count + New SetupThe weekend gap closed quickly after opening higher during Asian session trading. I like a short below support. Trade is invalidated above intraday highs.
GBPJPY Short: Rejection at Trendling JunctureTrendline confluence has provided a nice backboard behind which to place a SL. I am short this pair toward missed pivot cluster below. Trade is active.
CADJPY Short: Pinbar Forming at Top of TriangleTriangle may be complete on this pair. I want to sell below pinbar support to confirm downside. Invalidation level is above top of pin. Target at .886.
NZDJPY Short: Resistance to Support; WedgeStarting to see some significant resistance off of the recent hourly trendline. I want a short if lows are broken and the trade is invalid above highs as shown.
GBPUSD Short: EW Triangle CompleteCable has closed the weekend gap and retraced back to .786 of the intraday range. I want a sell stop below support toward 1.13 target. Invalid if highs are breached.
GBPUSD Short: Wedge ContainmentSell stop set below structural support with TP1 @ 1:1. Trade is cancelled if invalidation level is breached. TP at ~.886 retrace.
EURAUD Short: Rising Wedge CompleteI'm looking to catch an impulse down to the break even level. I plan on holding as long as price action confirms downside and targetting missed pivots below. Rally above Friday's high will invalidate the setup and I will cancel the sell stop order.
Copper Outlook: Lull Before RallyAt the request of one of our TV traders, here is my outlook on copper. I like it long, but I want to see some retrace or a basing pattern before continuation. Afterwards, a bullish impulse will be the key factor in taking a long position with a SL below the root of the continuation.
S&P 500: Potential Short-Term BearishnessHey traders! There has been a wedge breakout to the downside. Keep an eye out for continuation. Should it occur, further downside to the two targets is likely before the uptrend continues. Cheers
CADJPY Short: Potential Bear Flag Breakout on CAD CPI @ 8:30ESTHey all, check this one out in about 15 minutes. Waiting on the news to drop in order to enter short. Targets at rising wedge target level and missed pivot cluster.
NZDCAD Long: Classic Choppy Price ActionThis type of sideways choppiness is great for trading harmonic patterns. I like to trade these patterns before Labor Day. Large risk to reward if it is successful. Support from two trendlines as well as dual pattern confluence. Looking for smaller TF elliott impulse to set it off. Cheers
USDJPY Long: Crucial Point! Huge R/R Possible!The trading of UJ continues as we look to ride that continuation wave back toward the top of the channel. This is only valid if the lows are not taken out and new local highs are made.
I like the way this pair is creating a double bottom on multiple time frames. Especially since there is a huge amount of channel resistance on the higher timeframe to contain price. I want to buy it if it breaks recent highs as shown to attempt the third/C wave surf to cypher completion.
GBPNZD Short: But ONLY If Price Breaks Support NOWI want to sell this below support recent support. This is a strong resistance zone with multiple re-tests. If the pair makes new highs, the trade is canceled.
USDJPY Long: How I Add to Positions Using Elliott WaveIt is time to add to the position as a series of smaller time frame impulses has occurred. Buy stop placed above most recent bullish impulse with SL below lows. This SL will close out the entire position if hit. If not, it will be held as a double size.
USDJPY Long: How I Trade Using Elliott Wave + HarmonicsHey traders, I put most of the details on the chart. After seeing a wave 1 impulse, its nice to get in above highs with SL below root of wave 1. Alternatively, I enter above wave four if I don't quite catch the root of the first wave in the PRZ. This is a riskier approach because you are banking on the pair not retracing and shooting straight for target (which is common with third wave impulses). Let me know if you have any questions. Cheers
USDJPY: Short Term Bearishness Until Pivot Levels Are HitLooking for lower TF short opportunities until these pivot levels are taken out. I want to be bullish at the bottom of the channel toward potential cypher levels. It all depends on price action at those levels.
AUDUSD Short: Watch for BearishnessOnly bearish after breakout. Sell the continuation should one occur. It is what I am expecting next week. New highs will target the .5 fib level (solid line on chart).
EURUSD Short: After New Highs, BullishEURUSD rallied last week, but not without its share of dropoffs and retraces. If new highs are taken out, I want to be bullish. Until then, I'm expecting bearishness on the lower timeframes and a lot of sideways choppiness.
