SergioMontanoTYMIW

SergioMontanoTYMIW

I think its evident that the POUND has been in a corrective sequence after the impulsive move down from 1.5490 to 1.5030. I've been triggered short just now @ 1.52600 Reasons for short: Price approaching key level 1.52600 Price is making a potential double top Price hitting the 50 % Fibonacci retracement

SergioMontanoTYMIW

Looks like we got a bearish Gartley completion just around the 132.50 (.786) of XA which is also a key support/resistance area Price is reacting off the .786 D point right now If you look at the ellipses( or is it ellispy) you can also spot some hidden bearish divergence giving us another confluence factor for the short.

SergioMontanoTYMIW

We had an impulsive move down thanks to last weeks NFP, looks like we are in a corrective structure. This short could be for the wave B down, or we could have already completed the correction and are about to begin the next impulsive move to the downside. Minimum target NFP low @ 1.50300 Reasons for trade: - Going with the trend -Consolidations after an...

SergioMontanoTYMIW Updated 

Hello, So after yesterdays FOMC we clearly had an impulsive move to the downside Elliot Wave tells us that after an impulsive move we need a correction, and I think a correction has been due for this pair since last week's ECB. With that said I took a short @ 133.006 for a completion of a potential A will look to take profits @ 132.20 and then try to position...

SergioMontanoTYMIW

Hey guys, Here is a very basic amateur Elliot Wave Count, we can see an ABC (correction completed) @ the 1.618 extension. I put a sell limit @ the 1.1085 and price reacted perfectly. Will target 1.1050 hopefully before FOMC today do not want to be on the HAWKISH side of the $ for this FOMC. Sorry guys but if you aligned the FIB ratios you properly which I...

SergioMontanoTYMIW Updated 

Ok so we've been range bound from from October 6th between the 1.51550 to 1.55200 level, yesterday we had a huge drop on the Pound probably due to a dovish Draghi. However we now hit a critical level on the Pound we broke it yesterday but look how we are testing and bouncing off the 1.5390 level happened twice (double bottom). If you look left you can see this was...

SergioMontanoTYMIW Updated 

Looks like we have some kind of ending diagonal for a bigger ABC correction - anyway I'm counting 1-2-3-4 and im already long for 5 @ .7195 - I cant ignore when Elliot Wave is combined with classic technical. A close above wave (I) @ .7275 and this thing is going to to .7500

SergioMontanoTYMIW

Took a long hoping for an ABC correction to the 1.1150 - be careful the B wave can be an irregular flat and take you out if stop loss is too tight. Trying to position myself long before next week's FOMC

SergioMontanoTYMIW

Long Euro/Yen IF we can get a close and settle above 134.50. If you look left you can see this level has acted as support/resistance in the past. Notice also when price closed above we broke out, when price closed below we broke down... Enter @ close above 133.50 Stop below 133.950 if you want to be really safe stop below 133.00

SergioMontanoTYMIW

Im long @ 7191...smaller position size with wide stop below the .7100 but looking for an Optimistic target. Will see some resistance at the .7275 level and then again .7430 - I don't think the commodity currencies are done just yet one more big rally before $ strength continues to take over.

SergioMontanoTYMIW

Hello guys, Looks like we are in a triple correction on the $CAD...Price completed a B @ 1.3055 (key resistance) now we are making our way down for the C move minimum 100% extension of AB which brings us down to key support @ 1.2800. This move may also be in line with big CAD news coming out this week. If Bank Rates remain unchanged this could add fuel to the...

SergioMontanoTYMIW

Just doing some EW analysis on the the Pound. It looks like we just finished a corrective structure ABC on the hourly time frame to complete wave 2 of wave 3. Looking at the bullish impulse at the 50 % retracement (the end of C) of the latest swing high to swing low on the 4 hour there is strong potential for the next leg up (impulsive wave 3 of 3) to break...

SergioMontanoTYMIW

I will watch for price action at the .786, if divergence is present I may take a long for a quick scalp.

SergioMontanoTYMIW

The US Dollar is showing a little bit of weakness, I suspect this to continue shooting Gold up to 1164ish. Look for a short at that level or potentially wait for a break out where we should retest the 1174 level Depending on price action at 1164 price area I will short - if I short targets are as follows: Target 1 - 1156 Target 2 -1150 Target 3 - 1148

SergioMontanoTYMIW

Beautiful even after NFP we couldn't break June 1st high an ABC correction is still in play. Anyone already in the short following some Elliot Wave Theory would have had their stops above the June 1st high and are still in the trade. We should be able to complete wave C, which should take us down to minimum 1.23500

SergioMontanoTYMIW

I think GE has some strong upside, the fact this ascending triangles on the monthly I believe gives it more weight!

SergioMontanoTYMIW

AB=CD pattern, it looks like the bulls cooled off near the end of the day on Friday This could be worth a short will definitely be on the look out come Monday and Tuesday for a confirmation.

SergioMontanoTYMIW

Bat or AB=CD on Ford