Ww
Daily WWPo4I'm looking for short setup bellow and close to TL.
If the market penetrates the TL we must think obviously how to catch the Bulls.
Remember that market doesn't respect our drawings. We just trying to spot areas of interest.
Simple abc hunting Po5 of a WWSL below 1.32497, risk 1%
entry 1.3270
TP 1.3331
For more conservative entry wait for the break above the entry and pull back
Simple Daily ABC setupAs you can see on my chart, 1.40 seems to be a bullish daily target.
Long positions above 1.3600
SL according to your rules
Target 1.4000. That's my resistance area that i'll consider to thing about shorting the pair. (Deep Crab, ABCD & wwPo5')
WW geo - LTC updatePossible scenario after LTC has rallied to point 5' of WW as 22 JAN 2016 forecast
Bearish WWThe next big opportunity for EURUSD it'll be bearish, I thing.
Bear's are hiding somewhere around 1.10 targeting 1.057 and even lower.
Bearish WW & BAT240' targeting 0.618With more than 150 pip SL I don't wanna involve with this.
But I will try to find something at a lower TF.
In any case, the target is 1.4000.
Bullish WW240As you can see we have also a Butterfly at the same area.
BC=0.386AB doesn't meet (Butterfly rule) but that doesn't bother me because of the WW.
Simple abc targeting the larger closing cycle (WW Po5)Entry: WAIT for pullback to 1.3400
Targets: 1.3600/1.3735
SL: <1.3300
NZDUSD Big Short ContinuesHey traders! This one's a long shot but the risk is low and the setup fits my trading strategy. A bearish wolfe wave is complete after the trendline break was retested. The completion of E is confluent with the B-D parallel which is an indication that the pattern is complete and the trend may reverse. This reversal could mark the continued downturn of the pair toward the larger TF wolfe wave target and bottom of the daily TF triangle. See related idea for larger TF setup.
GM
NZDUSD: Big Short ComingA daily TF bearish Wolfe Wave is nearing completion on the NZD. At the same level, a bearish butterfly pattern is complete. This is also occurring near the important .618 Fib on the weekly TF. Keep an eye on this one.
Happy Trading!!
GBPUSD Short: Cypher Complete at Trendline ResistanceCypher is complete at trendline resistance. Potential SL above pins with target at Friday's close. Entry is active with pinbars showing resistance at current levels. Tight stop yields a R/R of about 8 and a quarter.
GM
USDJPY Long: Multichannel ReboundUSDJPY may potentially produce a reverse head and shoulders pattern at the base of two descending channels. Two weekly pivots sit above price and are confluent with important fib levels. If price does not met entry, the trade will be cancelled and I may start to consider short opportunities. If SL is hit, there may be a wolfe wave complete just beyond the base of the demand zone. Bearish price action past 105.5 would indicate short bias.
GM
NZDCAD Short: Wolfe Wave + Expanding Triangle at 50% RetraceAfter the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained within a bearish expanding triangle and this could present an opportunity to ride it down toward point E on the larger TF. The unhit pivot for June 2016 presents a nice target at which to take profit.
Bearish Confluence:
Bearish Wolfe Wave complete
Expanding triangle
50% retracement level
Descending expanding triangle on daily TF
Unhit June, 2016 pivot below price
Bearish RSI Divergence
RSI Overbought
Again, be mindful of news events. It is a good idea to wait until the Poloz speech at 11:15EST for entry as this may present significant CAD volatility. Happy trading to all!
NZDUSD Short: Quintessential 5-0 Pattern + Wolfe + TrendlineNZDUSD has reached the 50% retracement of the BC leg of a bearish 5-0 pattern, which means it is time to sell. Target is placed at structure lows which coincide with 1.618AB, which is expected for these types of setups. SL may be placed above .618BC. To add to bearish bias, a Wolfe wave has also been completed at the entry point with the same target as the 5-0 pattern.
Long EURJPY: Bat + Wolfe + AB=CD + Divergence (2X) + TL SupportEURJPY is nearing the PRZ of a series of bullish patterns. A medium term bullish trendline may add support to the reversal zone. To add to the bullish bias, MACD and RSI have both printed bullish divergence. Entry is placed in the center of the PRZ with SL below structure lows and Bat X point and target at .618CD.
Confluence in the PRZ:
Bullish Bat
Bullish Wolfe Wave
Bullish AB=CD
Bullish MACD Divergence
Bullish RSI Divergence
Bullish Trendline Support
AUDUSD Short: Shark + Wolfe + S/R + Trend ContinuationAUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark pattern completion point with a SL above 1.272XA/Moving averages and targets at .618CD, C point, and the .886 fib retracement level.
Bearish Confluence:
Bearish shark pattern completion
2.272AB=CD
1.618BC Projection
Bearish Wolfe Wave setup
S/R Zone
200SMA Resistance
200EMA Resistance
Trend Continuation
GBPAUD, EW, WW, longterm bull, end of correction?Analysys:
1. Overall bullish trend on GBPAUD with correction;
2. Waves count shows the soon end of correction, so we should wait opportunities to buy;
3. There are 2 Wolfewaves on a chart, bearish (red) and bullish (green). Since they have really great chances on daily gbpaud chart, we need to consider them in trading.
Trading opportunities:
1. Awesome trade would be from the 5th point of bullish WW;
2. Not so bad chances with bearish WW also, but we will need to wait for rebound and consider a tighter sl; That trade correlates well with the previous one, giving price the action it needs to reach channel support.
3. Channel breakout buy, target marked with blue arrow, cause it is also a WW (4)-(5)-(A)-(B)-5th point on the line with 4 and A.
