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Large Correction For More UpsideUSDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I will be looking to enter the long when a reversal confirms but may look for smaller trades to the downside in the interim as well. Happy trading! Linton White JP Markets South Africa
by Linton_White
THIS IS A REALLY NICE SETUP!Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on the break of the low of wave 1 as this is a good indication that we could see a reversal soon. I am looking to trade wave 4 to the top of the structure and will then wait for confirmation of a break to the upside or alternatively a reversal for wave 5 down first. Happy trading! Linton White JP Markets Pretoria South Africa
Long
by Linton_White
NZDUSD short term sell setupHello traders, as you can see NZDUSD is currently in downtrend and it's making nice flag for sell under the trendline. I won't take that trade because RR for me is not good and i really don't want to miss bigger move. The bigger move is upside. When NZDUSD breaks the low we will see divergence in play. Divergence could be a reversal sign. The green box is BUY zone for me. So keep an eye on it and trade with care! Make the bank rolls! :) $$$ My daily view and now you can see reason why I'm interesting only in long term buy! If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Short
by AntonioM
CADJPY buy setup!Hello traders, after the 4h corrective structure we got 1h flag. Wait for the breakout of that flag and then take the trade. That breakout will confirm uptrend, next impulse! Also the bigger picture looks downside, so buying this pair is a really good idea. RR is also great for me. So keep an eye on it & be patient & trade with care! Make the bank rolls! My daily view! If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Long
by AntonioM
GBPAUD sell setup!Hello traders, as you can see GBPAUD is making correction under the trendline. So wait for confirmation and take that breakout! Weekly, daily, 4h also looks downside. We have a lot of divergence what is a good sign for reversal. So selling that pair is a good idea. Don't miss this one! ;) My weekly view Make the bank rolls! ;) $$$ If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Short
by AntonioM
GBPCAD sell setup!Hello traders, As you can see I'm only looking for the sell at this stage. GBPCAD broke the trendline with the strong down impulse and now it's making correction (sell setup) about the trendline what is a good sign. The bigger picture also looks downside and this is the one of the reason why I'm interesting only in the sell. Wait for more sideways candle and take that sell! BONUS: If you think it will drop fast you can put entry order at the low of the smaller correction like I did on the picture. So be aware of that type of entery because it's VERY RISKY! The safest way to entry is to wait for sideways candles! Make the bank rolls! :P $$$$$$$$$$ If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio
Short
by AntonioM
USDCAD buysetup!Hello traders, USDCAD made a very strong up impulse and broke the trendline. As you can see USDCAD is making correction above the trendline. There is high probability chance for breaking the top again and this is the reason why i'm looking for buy on this pair. I'm expecting completion of the bigger daily running flat. Wait for complete correction and then take the breakout. BONUS: When it breaks the structure and if it goes slowly put your trade at BE! Make the bank rolls! :D $$$$ ;) If you like what i do click that like & follow button. Likes and followers motivate me to spend my free time posting content for you! Thank you for your support! All the best, Antonio Daily view
Long
by AntonioM