Wavecount
USDJPY Short: Watch for Gartley CompletionHey traders, looking for price action near the potential retest of this bearish breakout line. Also, we have a potential Gartley completion at the same level. This confluence could mean heavy resistance and a reversal toward completion of the larger TF triangle.
Possible LONG with Bearish Cypher confirmation entry pointIt seems Starbucks is continuing it's uptrend price action (Daily Chart) with a possible LONG entry based on a Bearish Cypher pattern formation if it becomes validated on the Hourly chart, to complete a Wave C correction/consolidation. Chart pattern suggests a high probability trade going LONG on this in continuation of uptrend, based on an Impulse Wave 1 completion on the Intermediate period.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
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This WeeK: Uncertainty => Yen Bullishness $JPY $JXYHey traders, I expect this currency to continue north. There's too much uncertainty with Trump's follow-through on policies, North Korean nuclear testing, Syria and ISIS. I like this one long. We also have some technical lining up as shown on the chart.
Bullish on Swiss Franc: Elliott Wave Count - $CHF $SXYThe franc may find support at the existing bottom trendline this week. If the bullish rebound is corrective, we would have confirmation of a potential triangle and look for shorts near the top. For now, I'll be eyeing bullish breakouts from the parallel channel created last week.
Looking for a Bullish Breakout in the Dixie This WeekHey traders, I like the USD long this week. However, it may not be until the end of the week until we an capitalize on a bullish breakout. The first level of resistance has not yet been tested. After this level is broken, I want to get long. Cheers
Short Bias in the EURO - Will We See it Consolidate This Week?Hey traders, I have definite short bias on the Euro on the Weekly timeframe. However, the question remains, "will we see consolidation this week or bearish breakout?" The next couple of days should unfold the next chapter in this story. Stay tuned
Pound Downside Ahead: Look for GBP ShortsHey traders, here's an opportunity I've been scouting for a few weeks. It seems as though we are about to see some bearishness in the pound next week. I will be looking for short opportunities as we may confirm a triangle breakout and potentially fall further down the bearish channel.
Channel Slide Short on Wave-((C)): #Pitchfork #EW #elliottwaveHey traders, as stated earlier this week I've been looking for a short on this pair. Aussie has been weak across the board following the RBA announcement and technically speaking this pair has been responding well to channels. I like the bearish pitchfork here to sell against its resistance but only if the support line is broken. This trade aims to capitalize on a wave-((C)) of a potential zig-zag correction. Updates to come. Cheers