USDJPY has finally completed its 5th wave up. This is a continuation of my previous USDJPY short idea, as the Elliott puzzle has added another piece. It is possible to enter the trade now. TP to come. SL: 109.5
This is a continuation of my previous USDCAD short call, which was stopped out. It appears the H&S resistance did not hold. However, if USDCAD falls to the 1.82 support level, it may confirm another piece to the Elliott puzzle. It would also explain why the 4th and 1st waves were previously overlapping in my miscount - which is highly unlikely to occur. I have...
Over next 24-48 hours, I am expecting USDJPY to retrace into Wave 4 before shooting for Wave 5. On M5, a bearish head-and-shoulders is being completed. This will be a confirmation to enter short. In fundamentals, oil is rallying. This suggests a weakening USD. SL: 108.9 TP: 107.25
Earlier this week, I suggested that USDCAD might be reaching the end of an impulse. Wave 5 looks like it has been completed and USDCAD is now in the entry zone for a short. We will be able to ride the impulse down to at least 1.27325. There is a resistance that will be tested before USDCAD retraces and Wave 2 overlaps with the previous Wave 4. SL: 1.28575 TP:...
Wave 4 is approaching the 61.8% level. Sub-wave 3 should be coming to a stop short of this level. There will be a small retrace to form Sub-Wave 4, which will approach the 50% level. Sub-Wave 5 will form from here and move to complete Wave 4. Once resistance at the 61.8% level is confirmed, the trade will go active.
5th Wave looks complete. This means that the impulse waves over the next week or two will be descending. SL: 0.9775 TP1: 0.964 TP2: 0.955
GBPUSD has become oversold after yesterday's breakout. This can be verified using Connor's 2-Period RSI on the daily chart. Chris Moody's Slingshot System shows an aggressive entry opportunity. I recommend going long for the next 3 or 4 bars (8-16 hours) as GPBUSD pulls back from the overreaction. Recommended SL: 1.406 Recommended TP: 1.416
Using Chris Moody's Slingshot System to identify aggressive entry points. Prices tend to cross past or into the sling before big trend-following moves. AUDNZD has pulled back from the top of a channel over the past 8 hours. Using Connor's 2-period RSI, AUDNZD is extremely overbought and a big trend-following move is likely. Recommended SL: 1.06 Recommended TP: 1.051
Using Chris Moody's Slingshot System to identity aggressive entry points. Prices tend to cross into or past the sling before big trend-following moves. NZDUSD is respecting a major support and has bounced off successfully. Recommended SL: 0.7308 Recommended TP: 0.737
Using Chris Moody's Slingshot System to identify aggressive entry points. Prices tend to cross past or into the sling before big trend-following moves. GBPUSD has bounced off the bottom of a channel and is respecting the support. It has also respected a minor support set by previous bars. Recommended SL: 1.418 Recommended TP: 1.437
Using Chris Moody's Slingshot System to identify aggressive entry points, in yellow. Prices tend to cross past or into the sling before big trend-following moves. The price has bounced off the top of the channel and appears to be respecting the resistance. USDCAD is in an H4 downtrend. Recommended SL: 1.266 Recommended TP: 1.253
Parabolic SARS, Awesome Oscillator and Accelerator are almost perfectly lined up and red. With previous bold down candle, this is a strong sell signal. Recommended SL: 1.2363 Recommended TP: 1.23102
A double top has formed on GBPUSD daily. Awesome Oscillator has hit a major resistance and Accelerator has turned red. Recommended SL: 1.43543 (tight) or 1.4365 Recommended TP: 1.42
AUDNZD downtrend may be reversing. PSARS, Awesome Oscillator, and Accelerator all lined up green for a buy signal. Awesome Oscillator hit a support level. Recommended SL: 1.0536 Recommended TP: 1.068 (2.5 RR)
Parabolic SARS, Awesome Oscillator (AO), and Accelerator have been lined up almost perfectly for a sell signal. The AO has much downside potential towards a support level. The Accelerator has also crossed down and has downside potential. There was a slight pullback after the signal, albeit it was not able to break past the previous down candle. It has been...
PSARS has popped below the bars while AO and accelerator are green. This is a BUY signal with some probability of being late. STOP: 1.25775 TARGET PRICE: 1.26994
PSARS, Awesome Oscillator, and Accelerator all lined up for a SELL signal. Between 60-80% reliability. Most likely a continuation of the downtrend before yesterday's pullback.
Uptrend from the last signal is expected to continue. Awesome Oscillator shows more potential for upside than downside.