USDCAD currently playing the WXY structucture, to be specific the X wave has come to an end and im looking to play the Y leg.
- USDCAD look to have a big drop to play out, but not this might take time. -I got TP 1 that is more realistic. - Also pay attention to the SL, it might be too much of risk,if you cant risk that much then please do not attempt to take this setup.
lets hopefully wait for the last touch to fill the sell odder.
Now I suggest you do not chase this sell,sell at the top of that swing. - If the market pushes to fill you up then its good, -If it continues to drop then hard luck
GBPUSD setting up for sell entries. -wait for a move upwards commonly in a 3 wave. - I would advise you to have breakout entries instead of catching the end of that C wave.
Look to buy USDJPY towards the end of that diagonal. The next big move will be Sell. I do not see if that sell is going to come anytime this week,so patience is needed to catch the next move.
EURUSD a potential diagonal forming a deep one would be nice,looking to short it when the diagonal ends.
looking to play the consolidation, shorts will be a good idea short term.
I am neutral on DXY, just gonna watch,but the downward momentum is tempting.
A potential 5th wave might be setting up for next week. Will be paying close attention to it.