looks like a nice buy set-up in silver -0.34% here if we get the breakout that we are looking for, we are approaching the trend line and a demand zone , we are in an up trend and should be looking to follow the trend. We have divergence within this wedge but there is some more downside possible before the breakout.
CADJPY looks to be making a corretion look to buy for short term impulse up, watch the top as it could make a reversal
Audnzd is at a top and at a long term trend line, price has already completed 5 wave up to the trend line and I'm expecting price to come break the wave 3 low (1.0236) So looking for a sell set up on lower time frame is a good idea medium to longer term. the only way see price continue to the upside breaking out of the trendline is if we get a big correction but...
Oil looks like it just made a running flat correction, with 5 waves coming down to complete the C wave we got a nice impulse up followed by what looks like flag the consolidation may not be over so wait for the lower time frame for entry, as long as we consolidate above the trend line look to buy the breakout up to $60!! I have longer term view drawn out on the...
EURAUD look to have just completed a cypher pattern, could also be seen as an expanding flat correction by elliot wave traders. Either way looking for the sell is a good idea as we could come down to complete the gartley pattern before seeing more upside.
NZDCAD looking to be making a 5th wave and doesn't look to be over and looks like we just finished a bigger correction for more upside. looking on lower time frame for a buy setup.
watching audcad for a deeper correction. possible short term buy setup with the bat pattern on lower time frame. Its looking like this could be making a deeper correction for the rest of the down side i previously posted that would mean we get the buy setup, if not then we shoulde break the low (0.9645) and go back up
We have a nice sell setup by means of impulse down and consolidation, if this continues to the downside I'm looking to sell the continuation. This could be the top in the spx 500 for a long term consolidation to the downside
watchng for a little more upside before the sell
Last week I posted i expected price to come and break the top of the '"a" wave before the downside. Price has done exactly that and now on the 1hr time frame we could be making out first sell setup. If this breaks to the downside you want to sell. If we come down and make a consolidation there is a possible chance this makes another move higher to make a new high...
looks like a nice short term buy setup, we are pretty high on the daily but this might give us a nice 100 pip trade early in the week keep an eye
EURUSD is very close to a reversal area, it looks to be making an expanding flat correction. I'm anticipating that price will break the top of the "a" wave before we go down, we are getting divergence within the "c" wave itself on the daily and 4hr but a little more upside to create divergence on the 1hr and break the top would be perfect. On the 1Hr it looks like...
After breaking the 114.39 top and reversing price looks like it has made a correction and could contiune to the downside. Watching price on lower time frame for a sell setup as i'm expecting price to come down and break the low at 108 hoping it gets down to 105 before the upside.
Looking for the downside in EURGBP, Have a short term buy setup but i think we can expect a reversal some where around 0.88 which is the .786 retracement as well as 1.27 extension.
CADCHF looks to be making a big weekly expanding flat and could complete a few other ones inside. short term we look to sell down to break low and then buy up to complete the large weekly expanding flat
Watching this for another sell, been in the sell since the top and still see more downside after this consolidation is over. Check out links to see the bigger picture target of 1000 pips and where i sold it
SPX 500 another sell setup if this breaks down.