CADJPY Sell setup.I'm new to Forex market so if anythings wrong with my chart or my wave counting please let me know, Thanks. Trade with care.
Wavecount
NZDUSD Bullish momentum for the week. The Wave C correction was very consolidated. Price continued a bit lower out of my target zone. Price has now turned bullish, after the first initial push, we had a break of the bearish channel. We had our first pullback at the .618 retracement level in confluence with the channel retest.In result I'm considering the first impulse wave and the correction Waves 1 & 2
GBPUSD Wave Count: Here's A LONG EntryHey traders! In case you missed it, I am long on this one already, see related ideas. I want to add at the levels shown with a SL below the invalidation level. Drop below here means the bullish impulse is not the beginning of a five wave sequence and I want out. Also, this is the typical SL level for a Gartley pattern which has just completed in the PRZ. TP is still at potential Gartley completion above price. Happy trading!
GOLD Short: Price Has Entered The PRZHey traders! Price has now entered the PRZ from my previous idea:
I want to start looking for short opportunitites around this area. Looks like we may have another small rally beforehand, so I want to trade the break of the trendlines shown. Updates to come, cheers!
GOLD: Short Now Active, Entry at PivotHey traders! I am ready to enter this one, and have an entry set at the unhit daily pivot for today. This serves as a nice entry as it coincides with the .5/.618 fib area following the bearish impulse. SL is set above invalidation level as this will invalidate the trade setup. TP is set at the missed weekly pivot, but I have deeper targets. We will judge the market if and when the drop occurs. Cheers
EURO SLIDE: Riding It Down to Potential GartleyHey traders! Price was rejected with authority in the previously defined reversal zone. Price action is indicating further bearishness down to the Gartley PRZ. Bias remains Bearish unless a big bullish candle prints before target is hit or invalidation level is violated.
EURUSD 4H: VERY BEARISHHey traders! Last week's price action completed with a very bearish move and containment inside the monthly trendline (top, red). Five waves down confirms an impulse, and I want to sell the pullback toward the completion of a potential Gartley pattern. The bearish wave-5 may still have some juice left in the tank as the 1=5 level has yet to be tested. However, in order to achieve a higher R/R I want to wait for the retest of previous fourth wave resistance before entry. More to come!
USDCAD Correction and Gartley Complete: Selling the PullbackHey traders! The bearish move toward gartley completion carried out as predicted and we now have a complete five wave impulse structure. I want to see some bullish price action before continued bearish movement. Therefor, I will be selling the pullback to the trendline violation area. I will likely be using this position as a hedge for the EURUSD 4H short position to limit USD exposure. Check out the related idea for more on that trade. Updates to come with entry/exits!
GBPUSD Wave Count: Short-Term Rally After Wave-b CompletionHey traders! Looking to buy the completion of this wave-b, and this position will account for multiple variations of the sideways correction. The one variation however, that it will not account for, is an expanded flat. This is a real possibility with the volatility we're seeing from this pair so any entry should be pending confirmation of the completed correction with a rally on the smaller TF and should be entered with a cautious position size. More to come
USDJPY Road Map: Possible Wave-((5)) & I want to BUY ItHey traders! I've been waiting to buy this to catch some of the impulse. I think this is a good opportunity. I want to place a tight stop behind the most recent pinbar and buy at support toward the completion of a potential bat completion level. Two consecutive daily missed pivots means momentum is bullish, and pinbars make for a nice barrier for a SL. Also, if the count is correct, we should see a bullish impulse to complete a wave five. If price drops past SL, we will likely see prolonged sideways movement and a potential triangle as the previous degree fourth wave carries on. More updates to come. This one is live! Cheers
GBPJPY Wave Count: Breakout LongHey traders! Similar to the GBPUSD trade, we have a potential Gartley lining up on the corrective structure. I want to be long on the breakout. We already have a trendline violation and a retrace. Also, some trendline support below price. I want to buy the zig-zag toward completion of the gartley pattern. Happy trading!
GBPUSD Long: Making Sense of the CorrectionHey traders! I'm trying to make some sense of this whipsaw action after the flash crash. We can see a correction is in process after the bearish impulse on 10/6. This trade capitalizes on a possible double combination wave: triangle -> flat -> zig-zag, where we are trading the final stretch of Wave-c. I want to move my stop to B/E quickly to protect the position from a potential triangle, which is a possibility in this scenario. However, I'm counting wave-a as a five wave sequence which if true will follow through as a zig-zag, hence this trade idea. More updates to follow. Happy trading
EURUSD Bat Complete! Buying the PullbackHey traders! I like a long position here, but I want to buy the pullback to the unhit daily pivot which will yield a higher R/R and eliminate that bearish magnet. The .5 bat target is highly confluent, with another .786 fib and a missed daily pivot at the same level. I want to move quickly to breakeven after the trade is active. I will update with another idea if I take the long. Stay tuned!
AUDUSD Long at Market: Cypher Complete, Potential TriangleHey traders, looking at a couple of speculative triangles for this pair. Although there are a lot of uncertainties at the moment on price action, we do know that this is corrective structure and thus a harmonic pattern like the cypher is an opportunity to take a long position toward further correction. More updates to come as the tide rolls and reveal wave structure. Happy trading!
USDCAD SHORT: Bearish Continuation at A=CHey traders! I like the pinbar resistance forming here at the A=C level on this interruption of the bearish impulse. I like a short here down to the potential Crab level. Moving to breakeven quickly. Will update with more info as the tide rolls. Happy trading!
SILVER LONG: I Want to Buy a PullbackWe have a potential inverse head and shoulders forming at the support area. This area is the same PRZ as predicted by the potential crab, and the area at which I have long alerts set. Looks like we have an impulse off of the support. I am now looking for a pullback to buy the (c)-wave toward completion of the correction. If the neckline is breached, I will buy the breakout with a tight stop behind the root of the impulse. Updates to come. Cheers
GOLD SHORT: Potential Drop At Cypher CompletionI want to see price rally toward the PRZ of the potential cypher before selling GOLD. We may see a drop from current levels. This will happen if the previous degree fourth wave has already been completed. This trade will capitalize on a selling opportunity if the fourth wave is not yet complete, which I believe is a strong possibility judging from the wave structure. More updates to come. Cheers
USDCAD Short: Slide with Wave-X, SL Against InvalidationHey traders! Here is quick setup that may gain a few pips on the move down toward minor degree wave-X. I want to take profit at the potential Gartley pattern to b conservative. SL is placed tightly above invalidation level. Updates to come as the tide rolls. Happy trading!
PS: This one just dropped like a rock. Too late to sell, but I wanted to post regardless, hopefully it gets some ideas sparked.
EURO: Combining EW With Harmonics - Triangle BreakoutHey traders! Looks as though the complex correction is complete for this pair. We have a bullish impulse that followed which points to wave count confirmation, but not until the fifth wave completes. I want to trade this fifth wave after the triangle completes. At the schedule completion of the triangle, a potential bullish Gartley has formed a potential reversal zone. In addition to a high probability breakout, we also get a nice risk to reward ratio out of it. It is smart to wait for bullish confirmation and pullback.
PS: Video support for analysis coming soon! This complex correction is a good candidate for explanation.
Cheers!
GBPUSD Wave-X Complete with Bat: Ready to RallyHey traders! Looks like the minor degree Wave-X is complete on GBPUSD. In addition to the wave count, a bullish bat is complete and has shown some pin support. I want to buy here with a tight stop below the root of potential wave-1. If SL is hit, this is not the first wave of the rally and I don't want to be in the trade any longer. Otherwise, we have huge profit targets above including missed pivots and weekend gap level. Happy trading!
GOLD Wave Count: Bulls Be Cautious, Drop Likely to Continue!Hey traders, the wave count on the lower degrees agree with continued bearishness before a rebound. I expect bearishness thoguhout the week but this is speculation based on previous price action. The invalidation level is up around 1320 and a lot can happen in that range. Be cautious with any long positions until wave-C completes. Cheers!
USDJPY Short Setup & Strategy TipHey traders! I want to sell from these levels, but not until I see a completion of the first wave down followed by a pullback. I want to maximize my R/R and ensure the trade is going in my favor first. Many pivot targets below price. I will update with a trade idea if/when the time comes. Stay tuned!
