AUDUSD Just printed a higher low on the chart. This can be a swing point for tests of the 0.7758 area.
EURUSD has been traveling to the the 1.1426 resistance level. Area of support is approaching and offers a good level for up trend continuation. I expect some bids will be in the area to at least give us a bounce in price if it favors to go lower. In that case support will turn to resistance.
AUDCAD Broke out of the July range. Pullback to retest levels would make a great entry to re-enter trend.
Range is in place till broken. My bias is a sell at current levels till broken, then my bias will be long if the April high is broken.
Pinbar was formed on the breakout trendline. Good place to go short as resistance is now support. Also its a strong value line area "Shown in Comments"
USDJPY has structure in place for the pair to go lower. Next support 109.80 handle.
It is possible a wave 2 pullback is now complete. In wave 3 we have a great entry from a wave 2 "blue 2" pull back for a Sell position.
Here is my long term possible count for EUR/USD. This is a daily count so time will tell. However it gives us something to look forward too as time progresses.
EURJPY has a nice head and shoulders setup. Also a major trendline is holding the pair down and has been for some time. I'm selling the pair.
AUDUSD Wave 2 cant not go past the origin of wave 1. If this does not hold true then we are in a rare triple 3.
USDCAD Wave C looks to be an ending diagonal. Im expecting a burst to the upside.
Here is a possible trade setup if the count holds true. Im expecting this to be wave 5 in C, or wave 5 is about to develop if this is a triangle on wave 4 of C. Use your own analysis, this is just an idea.
AUDUSD Just made our 2 for wave 5. This gives us a good entry point with low risk and high reward. Im conservative and set my Take Profit for 1.618 of wave 1. This allows me to trade the other waves such as wave C in 4 and also wave 5 that will finish this cycle.
USDJPY Started a wave 3 by my count. I have entered this trade as a low risk good reward trade. I trade conservatively so I picked the 161.8% of wave 1 as my profit target. This allows us to trade wave C in wave 4 and get into Wave 5 when that time comes.
USDCHF is starting to complete its corrective structure. If this count holds true it should take half the time to reach its profit target then it took to correct. Zig Zags tend to retrace 100% of the prior wave A or W. The minimum requirement for a C wave or Y wave is 61.8% to be complete. I chose the 61% level to not pick bottoms and have a high probability setup...
Triangle has formed on the EURUSD Creating wave B or X. Triangle relationships tend to retrace .618 of the prior alternate wave. This gives us a good Take profit level. Wave E only has to retrace 50% of wave D to become valid. When that happens, keep a close eye for a entry to a new impulse wave to create Wave C or Y.
GBPUSD has completed the 4th wave.. Look at my old charts and you will see that this channel has been posted for a long time to look for the 4th wave completion. It did exactly as expected. I will be trading this on the pull back with1.618 of the wave before the pull back for my take profit. Conservative, and very high probability to reach TP. If the pull back is...