This is a corrective rising wedge for a continuation of trend. I am expecting a bearish trend to breakout from the wedge. I really like this setup and will follow
The Yen closed the week with a price higher than the previous structure close, to the left. The bullish wave is staying on top of the BB 20 indicating a short-medium term bullish run, possibly to reach the highest previous high. I expect a short period short, but then I definitely see strength picking back up to finish this job. Cheers to the Bulls!
Sorry for the busy markup (haha!). Mr Franc appears to have come due for a nice correction short here, expected to be a bearish trend. He has reached a nice resistance from structure. Lets checkout those Swiss pairs =)
Nice clean ascending channel spotted for a potential short and break out. Wait for confirmation from resistance and lets see if this Elliot Wave can feed us some pips!!! Cheers to the bears!!!
Lets see it this head closes and creates the right side. I will follow =)
Patience for the push up. Then I will look for a short for this bearish pair. Nice lower highs for the inverted h&s
I had some time on my hands today, so thought I would mark this up haha!
Nice inverted head and shoulders formation for CadJpy. Once the right shoulder has formed, this is an opp for a good short! Patience my pippers, see you on top!
Ascending channel for GbpNzd which has broken with false breakout to test the low high of the bearish trend to get rejected, then retest with another rejection to push down to support. I am looking for another break of support for the possibility of a great short opp.. Lets get it in Bears!!!
UsdChf has broken through the low high resistance from the bearish trend. The bullish candle has also pierced through and closed above the 200 EMA. I am looking to buy the pullback and I expect for USD to break the wedge resistance. Cheers to the Bulls!!!
Canadian dollar respecting daily resistance and 200 EMA (Purple MA). Check out the CAD pairs and enjoy the pips =)
CadJpy has been rejected from a strong resistance. Bearish candle broke correction trend line for another confirmation. Lets not rule out double tops but for now, I see nice short confirmations to support. Cheers to the Bears!
EJ may have a double top but for now, it looks bearish. Impulse Elliott waves identified and I will keep my eyes on this one. Nice drop to next support is expected. EJ rejected from the previous "Low High" to continue bearish momentum, under the 200 EMA on daily.
Nice Elliott Impulse waves identified. We are within the pullback for wave 4. Wait for it to push up more and provide confirmation to break the trend line. Expecting a nice impulse wave 5 to bottom support. Patience =)
The Kiwi was rejected by daily resistance and 200 EMA to push it into a bearish zone. Elliott Impulse identified for a push down to complete the 5th wave. The Kiwi may retest but a bearish outcome is expected
Here comes the Bears!!! Short the confirmation!!!
Here comes the Bears!!!! Trade the confirmation