USDJPY - Buy OpportunityLook for one of the following scenarios to play out. We may get a longer correction. in the overall Uptrend or we may start going back to meet the previous top before a selling opportunity presents itself.
Wavetheory
AUDUSD - Short OpportunityLooking to sell this pair on the completion of this Corrective Trend Continuation Pattern.
XRP/USD (Ripple) - Potential Buying OpportunityWe are looking for Ripple to produce the following pattern before looking for bullish evidence. Confirmation of Uptrend will be present if we get a correction outside of the pattern.
ETH headed to new highsMy Elliott Wave Analsysis has ETH in minuette wave (v) of minor wave 3 of intermediate wave (3) of primary wave . Last night I posted targets for minuette wave (iii) , which it hit today. Then we were looking for a 38.2% retracement to the level of subminuette wave iv of (iii) and we got that move as well. From here we should see new highs before another pullback to the area of today's lows in interemdiate wave (4). In other words, expect some intermediate term choppiness for ETH, but new highs along the way until primary wave tops.
EURNZD - Buy to Sell SetupLook for confirmations for a buy once we have a lower timeframe impulse and correction. Once we get a move up start looking for momentum loss to enter long inline with bigger reversal pattern.
EURGBP - Short OpportunityWe are looking for either a trend continuation pattern to continue the sell on EURGBP or we could have another move up for our ultimate Z wave before a fall down to major lows. Don't miss this trade it will continue for some time once it breaks outside of the this corrective pattern.
EURAUD - Buy OpportunityWe are looking for a move up on this pair based on the ending structure that is being formed. Looking for a move back up to the trendline.
USDCAD -Buy OpportunityMid to long Term we are looking for USDCAD to come back to the bigger trendline.
GBPUSD-Short OpportunityWe are looking for one of the following scenarios on the pound. Look for loss in momentum as well as reversal candle sticks as soon as it begins to approach the areas highlighted.
EURUSD - Potential Sell OpportunityWe are looking for bearish evidence on this pair which should become evident in the coming weeks. If a trade setup presents itself an update will be provided. If pattern is invalidated an update will be provided with a new published idea.
BTCUSD (BITCOIN)- Selling OpportunityWe are looking for Bitcoin to potentially get to this level before looking for any signs of weakness in price. If no signs present themselves we look again for the previous top of the pattern before looking for another selling opportunity.
Where is BTC Going?On the 1hr TF BTC just finished a Full Impulse cycle (5 WAVE DOWN) and a Full Retracement cycle (3 WAVE UP).
A retest of the upward channel is imminent, which should coincide with the support bands drawn. The pullback to the MA and subsequent pull is also a strong indication that this will happen. Only if the Market crosses above the MA can we think about another wave up to higher values.
The indicator of where we're going will be at the 14000 Support. A move below it, followed by a pullback to the resistance (former support at 14000) and another push down will be indicative of a push down to 12500. Look for the pullback to the Resistance to coincide with the MA.
Sets up a good trade setup to short.
On the other hand, if the market pulls hard off the channel trend line, wait for a retest to get in long to higher values.
2 Strong Trade Setup Strategies!
Good Luck,
EURGBP Wait For Top to SellWait to see if price will reach the top of our descending channel again to enter short on this pair.
AUDCHF & NZDCHF Both Setting Up for ShortIn the 2018 trading year I will be looking for both of these pairs to fall short.
Another Move Up for GBPCHF is PossibleGBPCHF is longer term bearish and price is currently forming a reversal pattern. At the moment I am looking for another move to the upside to further complete this reversal pattern.
Upcoming 5-Wave Structure on EURNZD?I am expecting for price to resume its uptrend after the current corrective pattern is broken to the upside.
BTC DIAMONDS/PERFECT ABCD PATTERNIt looks like btc has just finished Wave A of its correction, I expect to see a bounce to the the 0.618 fib line of the fib retracement for wave b and down to the support trendline just below 0.618 of the fib extension for wave c. Long the break of this pattern for certain profits.
Showing the Elliot wave formation on XEFShowing the Elliot wave formation on XEF, next in theory is the A B C Sequesce which is the bearish correction
