colintsui

colintsui

Favoring blue arrow scenario for now unless a clear break above trend line, this is possible though so trade with care and good money management.

colintsui

CADCHF ending diagonal

colintsui

The drop on friday is undoubtedly impulsive, which makes me think the expanding diagonal has ended. Look for more weakness from current level.

colintsui

I just sold CADCHF today because it has taken out a supportive trend line from 2015 Jan, SNB spike low. Price probably will continue lower from current level. I have mixed views recently for many other pairs only AUDNZD and this CADCHF have a clearer technical picture that both are a sell.

colintsui

correction may be completed.

colintsui

Just entered short NZDUSD at 0.6580. I believe the price action since Monday is corrective.

colintsui

Price once again tested channel top, failed to break and bounced back. Making me believe that a top is in place. Short for 0.71

colintsui

still a short from elliott wave perspective. entered short yesterday at 0.7510.

colintsui

If price pokes back above the red trendline we can confirm that the Diagonal has finished and price will bounce impulsively.

colintsui

It's a bit late to post here as I'm already in the trade, shorted this pair at 0.7510. I believe the A-B-C correction is over already. I have also closed the "EUR long for 1.12+" trade because price failed to break out the channel.

colintsui

In my previous post about CADJPY i called for a short term short for thrust out from triangle, and this trade quickly materialized in the first few days of trading in 2016. Now price is bouncing sharply, but not yet back into the channel. This could be the first sign of bottoming and I'll be looking for a bounce back inside the channel and subsequent...

colintsui

AUDNZD continued downtrend inside channel. It looks like it's either forming an expanding triangle in the middle of the channel, or the correction could be completed already. I will be looking for a chance to enter short aiming at channel bottom.

colintsui

Price bounced off channel bottom amid china stock market melt down. This could be the end of the corrective action since last month's ECB meeting. I'm long here with small position, will add to it if price break above the green channel in the chart.

colintsui

an ABC correction stalled right at 50% retracement level with circle-C as ending diagonal. Price then dropped impulsively and broken below the ending diagonal trend line and subsequently retested it. I'm short at this level, with stop at the candle's high at time or writing (0.7230). Plenty of room to go lower for this pair.

colintsui Updated 

USDJPY has broken below multi-year trend line and a head and shoulder formation is very clear on the chart. I'm looking to long Japanese Yen against all other majors. This might be the main theme for January.

colintsui

the first one of a few possible wedge support lines is broken already. look for more weakness.

colintsui

Same as GBPNZD, EURNZD. it looks like the general NZD strength is going to be unwinded to year end. not sure if it will continue into January.

colintsui

Lets see if it holds above it, also a very good long opportunity.