Hi Guys, GBPUSD is in a downtrend so looking for a sell setup seems like a good idea. Thank you for your support.
Hi Guys, USOIL is setting up for a reversal so keep your eyes on lower time frame flag to confirm the sell. Thank you for your support.
Hi Guys, this looks like a nice sell setup. Wait for flag or correction on lower timeframe before selling it. Trade with care
Hello traders, Soybean meal made a five-wave decline, down from 336.4 level, which is a strong indicator that bears are taking charge in the near-term. We can see a completed five-wave move at the end of May, when price started again recovering, however only for a three legged move. We believe a flat pattern is unfolding within a higher degree wave II now,...
Evening Traders, Today’s Analysis – AUDCAD – breaking above daily support, price is likely to put in a retest allowing for a long trade with defined risk. Points to consider, - Strong bull impulses - Daily S/R flip - Daily resistance target - Oscillators cooling off - 200 MA visual guide AUDCAD’s trend has put in multiple bull impulses with no proper...
I am looking to go long on the AUDCAD at current market price. Targets set at 1.01650 area. There is a great potential for this trade, good luck everyone.
Keep a close eye out for an opportunity to buy this pair. Good luck all.
Current price action is hinting towards a long bias on this pair. I am expecting a move up similar to the last two impulsive moves.
Look to go long at market price and watch for the breakout. Hold trades until the 150.900 area is reached.
Current price action is hinting towards the upside for Gold. If price forms a corrective pattern or an aggressive move upward we can assume a bullish move for this pair.
Watch for the breakout to the downside coming up soon on AUDCHF.
The top chart shows a long setup for the short term trader. The bottom chart shows a long setup for the swing trader. Whatever your trading style be, pick whichever and run because I do see medium term bullish potential on this pair.
Price has reacted positively to the bottom of the ascending channel and I am expecting price to continue to the upside to complete the 5th wave. Updates will be posted.
Here on the GBPUSD there is a potential long setup for close to 800 pips of profit. If we see price break down impulsively idea will most likely be invalidated. Price action on the daily timeframe is supporting this trade idea. Trade with caution and good luck.
Price action on the lower time frame is giving hints that we may have one more move to the upside before the next bigger move to the downside. Additional charts will be added in the comments.
AUDJPY is currently breaking towards the upside. Before entering long positions wait for the correction to form on an hourly or 4 hour timeframe.
The EURNZD has formed the first impulse to the downside and the second wave is close to completed. I am expecting that price will fall impulsively as indicated in the chart. This idea is only valid if price contains itself within the corrective pattern at play, so watch the top as price nears it.