RKchartest

RKchartest

Here is my long term possible count for EUR/USD. This is a daily count so time will tell. However it gives us something to look forward too as time progresses.

RKchartest

EURJPY has a nice head and shoulders setup. Also a major trendline is holding the pair down and has been for some time. I'm selling the pair.

RKchartest Updated 

AUDUSD Wave 2 cant not go past the origin of wave 1. If this does not hold true then we are in a rare triple 3.

RKchartest

USDCAD Wave C looks to be an ending diagonal. Im expecting a burst to the upside.

RKchartest

Here is a possible trade setup if the count holds true. Im expecting this to be wave 5 in C, or wave 5 is about to develop if this is a triangle on wave 4 of C. Use your own analysis, this is just an idea.

RKchartest

AUDUSD Just made our 2 for wave 5. This gives us a good entry point with low risk and high reward. Im conservative and set my Take Profit for 1.618 of wave 1. This allows me to trade the other waves such as wave C in 4 and also wave 5 that will finish this cycle.

RKchartest

USDJPY Started a wave 3 by my count. I have entered this trade as a low risk good reward trade. I trade conservatively so I picked the 161.8% of wave 1 as my profit target. This allows us to trade wave C in wave 4 and get into Wave 5 when that time comes.

RKchartest Updated 

USDCHF is starting to complete its corrective structure. If this count holds true it should take half the time to reach its profit target then it took to correct. Zig Zags tend to retrace 100% of the prior wave A or W. The minimum requirement for a C wave or Y wave is 61.8% to be complete. I chose the 61% level to not pick bottoms and have a high probability setup...

RKchartest Updated 

Triangle has formed on the EURUSD Creating wave B or X. Triangle relationships tend to retrace .618 of the prior alternate wave. This gives us a good Take profit level. Wave E only has to retrace 50% of wave D to become valid. When that happens, keep a close eye for a entry to a new impulse wave to create Wave C or Y.

RKchartest

GBPUSD has completed the 4th wave.. Look at my old charts and you will see that this channel has been posted for a long time to look for the 4th wave completion. It did exactly as expected. I will be trading this on the pull back with1.618 of the wave before the pull back for my take profit. Conservative, and very high probability to reach TP. If the pull back is...

RKchartest

EURUSD possible wave structure shows the pair ready to head lower. We are currently in a 3 of a 3 for wave 5.

RKchartest

Sell setup. B Wave triangle has completed and Wave C has begun. Conservative trade has been put in chart with good risk to reward.

RKchartest

Leading Expanding Diagonal has been formed to make wave 1. Followed by a wave 2. This would be a great entry point to go short. However US Banks are closed today and its a no trade because of that. Things can change with low volume with a WXY formation forming instead bringing the pair higher. Will wait till all players are in the market to make a trade.

RKchartest

Here is my possible wave count for the USDCHF. Rather this is X or 2, we have a setup for a good entry for a trade here. Stop loss would be above the Circle X. The 61.8% is a very conservative high probability target. If you can watch the count all day then maybe you can go lower, however im not planning to catch the entire move, just the probability of reaching...

RKchartest

Here is my Current updated GBPUSD count. For trading opportunity ill be looking for 5 to complete. Wave A and Wave B should form and ill be looking to take a trade for wave C. Target will be .618 of wave A for conservative target.

RKchartest Updated 

After having a running flat correction and a 5 wave completion to make wave v, we have completed purple 3. Purple 2 was a rather flat correction, with rules of alternation I am expecting a deeper correction more like a Zig Zag to take place. Using double channels since wave 2 was very shallow. Ill be waiting for a wave "a" and wave "b" to complete before placing a...

RKchartest

Just sharing my GBPUSD count.

RKchartest

Here is a better wave count on the GBPJPY. Pair is currently in a wave iii of 3. No trade setup here, just wanted to share my count. Anyone else have a different count?