colintsui

colintsui

i believe there will be a thrust our of the red triangle lower then reverse quick and sharply. Short then long

colintsui

a large diagonal forming that means sharp impulsive reversal ahead, immediate bias is short for a triangle break (the very small red one on the chart) then long for impulsive move up.

colintsui

Possible ending diagonal as a C wave correction may be finished.

colintsui

I just entered USDJPY long trade at around 120.60, stop below 120.30. Wish you all Merry Christmas and Happy New Year

colintsui

A possible diagonal forming for USDJPY, keeping a close eye on this one.

colintsui

LEADING DIAGONAL POSSIBLE

colintsui

A POSSIBLE WAVE COUNT FOR EURGBP. SHORT FOR A CORRECTION THEN LONG FOR CHANNEL TOP OR EVEN A BREAK HIGHER.

colintsui

Take a look at the USD index, which also points to further weakness. The price has broken above March'15 high by just a slightly bit and reversed quickly, which increase the chance of a expanding flat correction is still unfolding. If this is the case, a five wave decline is the next thing and we may ride this drop in USD. Furthermore, it's year end, market is...

colintsui

The FOMC came and gone and it's year end. It's not surprising if we see more EUR short covering into 2016. Technically speaking, it looks like a flat correction is potentially completed for the EURUSD and strength may continue.

colintsui

five wave up followed by a A-triangle B-C correction potentially completed. I'm long at current level with stop below 0.7000 target 0.746, 0.769.

colintsui

stop is 30 pips away, where this wave 4 will fall into wave 1 area so invalidate this 5th wave up count, long for the fifth wave up inside channel.

colintsui

expanding triangle is hard to trade because of its expanding nature. it's hard to set stop loss. So I'll just wait and see if it breaks either side impulsively. But it looks like another impulse is to the downside

colintsui Updated 

I guess it is possible EURUSD has bottomed in the short term with an ending diagonal as 5th wave. My trading plan is to long at this level, stop loss at 1.0510, where wave ((5)) of the ending diagonal will be longer than wave ((3)), and invalidate this ending diagonal count. Upside target is 1.0850 (previous 4th wave) then 1.092 (38.2% retracement) then 1.103...

colintsui

Looking at the USD index chart, it is very similar to the EURUSD chart where an ending diagonal is visible at the potential end of wave 3. Wave 3 is also very near 1.618x of the length of wave1, which is a common wave 3 to wave 1 ratio relationship. 100 is also a large psychological level that you should not ignore. I've also heard that large players has...

colintsui Updated 

GBPCHF is retracing to a trendline extended from mid october. This trendline has been proved support for several times and now price is just above it. We may go long now or, for conservative traders, wait for a break above the corrective channel (the red one) then long retracements.

colintsui

Another short USD idea. This time against the CAD. Using elliott wave analysis, I can see an ending diagonal just finished by yesterday's spike by Saudi Arabia comments. However, the price failed to push over to 1.3453 third wave high. This makes me think that a truncated 5th may be the case, therefore a short is appropriate. Don't forget risk management is...

colintsui

similar to AUDUSD, AUDNZD is also very bullish, price tested and bounced from uptrend trendline support last friday, it bounced impulsively and broken the corrective channel (in red) above and retested it today. This is a very good long opportunity for upcoming impulsive move up. Fundamentally AUD is also much better than NZD as NZD is still weighted down by low...

colintsui

Price has broken above long term trendline last friday, and dipped to retest it this monday asia session amid weekend fed speakers. to my experience, movements off weekend news on asian sessioins are usually corrective and cannot last long. This provided a perfect long entry for AUDUSD. Fundamentally Australia economy is also improving and monetary policy is...