Get started

Wavecount

getting ready for 115.00 break on USDJPY?I'd like to buy small lots on corrections close to 114.101, even if it falls to 113.588 which are first wave Fibonacci retracements. If my count is right and we finished the corrective wave II and we just saw the the wave 1 of III then we should be gearing up for a nice bullrun on a wave 3 of III. I'm entering small long positions and plan to take profit around 115.40, 115.734 and 11.134 which are zones of fibonacci extensions for the wave I and wave 1 of III. May the pips be ever in your favor.
Long
by iSummer
EURAUD Elliott Wave Count: Falling Wedge on 4H = Buying Opp.This pair has completed a potential falling wedge. Until the first bullish is confirmed with a subsequent more powerful bullish impulse, however, it will be considered an aggressive long. I like a small aggressive position near the completion of an A=C zig-zag and a larger position at the conservative confirmation level. Keep in mind, though, that a drop below invalidation will likely mean a hard continued drop. That's what makes this level a great area for a protective stop. Entry will be confirmed with a follow-up idea.
Long
by glennmercer
1
CHFJPY Elliott Wave Count: Breakout May Start Double Zig-ZagThis pair, like other JPY pairs, is in the midst of a short rally while we wait for volatility to return to the market. When it does I'll be looking or opportunities to buy the yen. I will only be pulling the trigger on this on a confirmed breakout. If and when wave-(A) completes, our best move will be to sell the (C) wave toward further dropoff. The next London and US sessions will likely provide us with critical indicators of continued direction.
Short
by glennmercer
CADJPY Elliott Wave Count: Symmetrical Triangle on 4HAfter a powerful bullish impulse ending in late 2016, we've seen the pair basing sideways in a series of corrective waves. This month (February) has shown a symmetrical triangle forming on the 4H which could signify the end of the correction if the pair breaks out from wave-(E). Outlined on the chart is a potential move. I would like to see the pair rally so that I can sell through wave-(E) before looking for indications of a powerful continuation of the 2016 impulse. For the time being I will be on the sidelines watching. Stay tuned for updates
by glennmercer
USDCAD EW Count: Looking for Bullish ImpulseHey traders, we're coming up on a speech from Janet Yellen. I'm expecting some volatility - and if bullish past the entry point I want to be long for the reasons below. I entered last week on a zig-zag completion which stopped out at breakeven as the retracement sank deeper into a double zig-zag correction. SL is placed below invalidation level. Keep in mind, we could also see a deeper retracement, so this entry is cautiously bullish and only if the previous resistance is pierced. Happy trading. Bullish Bat Complete Ending Diagonal Complete Previous Bullish Impulse in Wave-(a) Support at Previous Wave-(2)
Long
by glennmercer
3