AUDCAD to Form CorrectionAUDCAD has had an impulse to the upside, so what I am looking for here is a corrective structure to form. If the top trendline is broken then this idea is invalidated. Good luck fellow traders
Impulses
Shorting USDJPY at the Top of ChannelHello Ladies and Gents.. USDJPY is currently in a descending channel, simply look for a sell signal at the top descending channel trendline and the top of our current pattern trendline. Good luck and safe trading
EURJPY ShortPrice is most likely going to correct to the top of our channel, once it does I will look for price to show a clear sign of reversal before placing a trade.
NZDJPY Short on Completion of E legI am watching closely the completion of the E leg of our ABCDE structure. If price looks to bounce off of the area I will short this pair and ride Wave 3 down.
AUDUSD Long Idea Using MACDThis a simple way of using MACD to predict impulses. These small blips (spheres) serve as buy signals. The blips form when corrections appear after impulses. So on our indicator window watch for a small blip into the red histogram and buy around the trendline. Good luck.
AUDJPY To Fall SoonI am expecting this pair to drop soon so watch for the breakout of the corrective structure. Good luck and happy trading everyone
SHORT AUDCHFHey fellow traders. Here on AUDCHF we have an almost complete 5 waves up. You should wait for the completion of our 5 wave structure before taking any shorts to the downside. I anticipate two targets. Good luck to all.
Buy The Low and Hold ItHere is the bigger picture for AUDCAD as well as a smaller time frame view. I will watch for a buy setup at the bottom when price hits the trendline and hopefully we will see wave five to the upside.
Bulls in Play for AUDNZDHere I have compiled a wide view of the next move for AUDNZD. The descending wedge has been broken and we should see an impulse to the upside. Be aware that a flat channel is in action on the 1 hour timeframe. Look for the breakout for a profitable trade to the upside.
Gold ChannelingHey Traders, today on Gold we have an ascending channel. From the looks of it there is a corrective structure which should reach the bottom of the channel. If price reaches the bottom I will look to buy. With the help of MACD price is very predictive. There are big bullish formations on the MACD and very small corrections, so just as my notes in the chart say, we will look for the small corrective formation and go long on the next move up. Good luck and cheers everyone.
Two Entries on AUDCHFHere on AUDCHF if price forms a descending channel, I will buy at the bottom. Here I show you two types of entries, one at the bottom of the pattern and one at the breakout. You decide which is best suitable for you but be aware that the breakout entry assumes more risk.
Two Different Trading Strategies, Same BiasOn the left I am showing how a wave theorist would look for a trade based on impulses and corrections.
On the right I am showing how a 2618 trade setup works.
As you can see, these are two totally different trading strategies but they are both giving the consensus of a short bias for the pair.
