Christopher-James

Christopher-James

Looking over the AUDCAD the daily has broken through a trend line resistance. The 4 hour shows a classic 5 wave structure. It would be reasonable to expect a break at the top of this wave 5 as I see it into a corrective pattern. On a shorter time frame I will be looking for long setups until this wave 5 trend line has broken through. This is for my trade...

Christopher-James Updated 

A breakout of the 4 hour trend line, also breaking out of a triangular formation. A break above 1.5500 may be a good time to add to this position.

Christopher-James

There is a possible setup on the 4H at the end of the consolidation. The 4H has a complex corrective wave 4. This Kumo breakout could be the beginning of a wave 5 to the upside. No trade until confirmed Use your own system and good MM, this is for my trading journal only.

Christopher-James Updated 

The GBPUSD appears to be in a corrective structure. Price has tested the monthly trend line several times over the past few months and seems to be holding. There is a triangle pattern forming as we see a consolidation while there is also a downward channel. No setup on daily until breakout occurs!

Christopher-James

There is a triangle forming in the USDJPY lower time frames. The wave 3 breakout trade was cancelled If this is, the end of the corrective structure we could see a big push to the downside. At this time I am neutral as the bigger picture price action is also consolidating to a smaller point wedge

Christopher-James

Trade Journal Possible setup, a 0.618 retracement of the past impulse wave (2) A break to the downside should see a target of 1.618 The channel contains a 3 wave structure on the 60. Use good money management and stick to your own strategy. This is for my trade journal only.

Christopher-James

Trade Journal Entry AUDUSD for now appears to be held by daily and weekly resistance trend line. On the 4 hour there appears to be a five wave count, a strong trend with extensions in wave 1, 3 and 5. There is a solid A, B, C wave. Looking forward to seeing if the daily trend-line resistance holds and we see a continuance down, or a more complex corrective...

Christopher-James

My Trade Journal Seeing a possible five wave structure on the 60 coming to a corrective structure. This corrective structure works well with the structure on the 240 chart also. Fundamentally the only major news for the Aussie this week is unemployment and inflation expectations. With unemployed pegged to increase by .1% This is my trade journal entry not...

Christopher-James

D1 the shorter term daily trend line was broken and a pullback occurred not breaking the beginning of wave one. The second impulse wave has hit Daily and Weekly downtrend resistance and I am expecting a corrective structure that may be traded on a lower time frame IE 60. I am not trading this move as I prefer to stay with the trend. Given the speed of the...

Christopher-James

Convergence of the weekly and monthly trend lines in pair. Historically in this trend line down, the corrective moves have bounced of a .5 FIB. No trade until confirmation of breakout of the 1st weekly trend line W1. Look for entry on the shorter time frame D, or 240. This setup is for my trade journal only and does not classify as advice. Trade safely using...

Christopher-James

The CADJPY is in a corrective phase on the daily. has a strong cross of the 50 EMA on the daily and a zero line cross on the MACD. The daily trend line is my target for this trade. This is for my trade journal only.

Christopher-James

The long term trend shows a .50 retrace. If the pennant breaks to the upside there could be a long trade. The downside potential could go as far as the .618 level $892 or further.

Christopher-James

Long Move down followed by a corrective wave, which appears to have completed. Stop above the Kijun-Sen The Kijun touch set up is good and there is a Kumo twist. The twist is cancelled as a signal due to significant move on fundamentals. Touch of the 89 and 34 EMA angle and separation beginning to separate. I am still new to trading any feedback would be sweet!

Christopher-James

Retrace appears to have completed in the longer term weekly uptrend. Morning Star signalling end of downwards move. Double top could show a reversal targets set at FIB Levels Longer term trend shows this as a corrective wave, with more upside potential

Christopher-James

Wait for close of candle, short if price holds!