CADJPYWait for reversal signals before trading the AB leg. Had convergence at the bottom before impulse to confirm the elliot wave.
:)
Short-setup
EURUSD SELL SETUPThis is a good sell setup since this could be an ending diagonal and we will have the next wave down to complete the structure.We have an impulse and a correction and you can sell the breakout if you have a plan to trade it. Trade based on your own strategy
POSSIBLE DXY COLLAPSEDXY pressuring high numbers around 101, can't go much further, will expect a crash by late Nov. early Dec.
NZDUSD Mixed SignalsLooking at price action, following the RBNZ announcements last week. Waiting to see what happens in this area. Looking to sell if price action breaks through support. Watching, also, to see if price will begin to move sideways.
GOLD (XAUUSD) SELL SETUPGold has just broken lower from its local uptrend and we expect price to now retest the 200 MA. Trade becomes invalid when the down trendline breaks, where we'd recommend you keep your SL.
USDCHF TRADE SETUPSUSDCHF is about to break out of a pennant.
We expect price to break lower out of a bearish flag pattern, which has major downside potential.
If it break to the upside instead, we can go long and TP at the previous high, using the flag pattern as SL confirmation.
If it breaks to the downside, go short for a potential massive correction, with SL above the downwards trendline.
USDJPY Potential SetupsUSDJPY is in an interesting position with no clear future direction.
We have identified two patterns: A bearish flag pattern on the daily, and a pennant on the 4hr.
Considering the pennant is within the current flag pattern, we place more emphasis on the flag pattern.
We expect USDJPY to either break above the current pennant, run to 3, and then drop OR break the flag pattern, where it will either bounce back up from the pennant (and shift the flag pattern slightly lower) or break the pennant lower and head towards the next support level.
We await these breakouts to determine direction.
EURCAD Incoming short opportunityEURCAD tested resistance above twice and finally came down with a weak candle. Look for downside breakout around yesterday's low, the target is around 1.4520. Be careful about the 100% fib extension at 1.4580.
$NFLX StaleNFLX has been stale, like predicted, since May-June. We all want to see subscriber growth and the long term plan for taking over TV. With such high valuation, the stock needs to perform. I recommend waiting until earnings to make a decision, but if you are a big risk, big reward type of investor...if you feel confident, now may be the time to strike.
www.trendyprofits.com
GBPJPY : SELL with the Wave 3 is it go to 129-128?On Friday, the bearish of USD made G/J effects too.
It break new low and i think it is the wave 3.
The first TP is 129.5 second is support line around 128.5.
But i trade with EUR/USD pair that TP my trade too,
But it is the short TP because it is go strong down trend with wave 3 too.... ;/
EURJPY POSSIBLE SHORTS1) Daily resistance zone
2) Downside shifts in MA's
3) Previous/ most recent daily candle closed below resistance zone
, if zone holds + break of ascending trend line shorts to 113.847
4) If support at 113.847 fails to hold further shorts towards 112.354
( May see price pullback into 114.467 when 113.847 is reached to accumulate shorts to take out the 113.847 support level)
NZD/USD SellSelling NZD/USD from supply zone. Already done this trade once and took profit but this 3rd touch can be good too.
Short on EURUSD from 1.12760 - 1.12980EURUSD is recovering at the moment, will take a day or two to get back on top of things and move into bearish orderblocks, to my opinion. Good luck!
XAGUSD : Overview over Bull & Bear PossiblitiesI see two potential pattern fighting each other.
its Inverted scallop vs potential handle to cup
who will win !?
you decide. !
Happy Trading
Short WTIUnable to punch through 46 on 4 attempts.
Established a resistance now,
Short now, tgt 41.61 , sl 46.20
#NZDCAD Quadruple top forming!There is a quadruple top forming on the weekly chart with a pin bar. This short could drop potentially by 750 pips!
GBP/USD - IMPACT OF THE EU REFERENDUMOn the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016 following the UK's decision to vote to leave the EU we have seen the value of GBP plummet, a 1700 pip loss in one day, reaching lows last seen in 1985. During this time of uncertainty and turmoil it is hard to see the pound recovering any of its value in the near future. I see the UK economy potentially entering another recession after the news of yesterday. Furthermore, due to this assumption, i have projected GBP to fall to the levels of 1.25000 - 1.20000 in the upcoming months. Let me know what you think in the comments below.
