east-west_trading

east-west_trading Updated 

This chart is a weekly view so you can see the big wave pattern, and to me it looks like it's topping out at wave 2. It's retraced 50% of wave one and smacked into that level and held a few times. It now looks like it's completed and ABC correction in a flat pattern. Closer in, a clear 5 wave sub pattern can be seen to complete the c wave. It also looks to be...

east-west_trading Updated 

With FOMC March 2019 meeting a little under 24 hours away, I am taking a good look at US ten year note futures. Seems to me there is potential for a wave 3 to start on a breakout if the FOMC remains dovish, as expected. I admit that waves are completely subjective and plenty of wavers will tell me that it's all wrong, but I can only call what I see the potential...

east-west_trading Updated 

Whilst it is subjective as to whether or not this has been a 5 wave pattern, I think it's fair to say that the odds of a DXY bounce from here look good. I'm looking at it from a point of view that other currencies against the USD look good to sell, namely the AUD, CAD and the EUR (at time of writing, these have already moved a little bit). Look to sell these...

east-west_trading Updated 

After analysing a bunch of tech on the AUDUSD (too much to list here) I have come up with the following trade Sell AUDUSD from here or on any sort of spike. Stop above 71.80. No profit target, but trailing stops should start when the AUD breaks below 70c. There is a chance that we are at the start of wave 3 which should put the AUD firmly below 70c. Finally,...

east-west_trading

Whilst the mkt takes a breather from the rally, it's time to look at some pullback levels for the next stage of the rally. Aggressive traders may look to buy at the first retracement at $779 , whilst more passive traders may wait for a deeper pullback at $739 . Any longs should be stopped out on a break of t he bull market break out level of $680 . Some...

east-west_trading

Whilst we have all enjoyed the relief rally in crypto, it is worth noting that BTC has now rallied 50% off it's lows. At this point, a pullback would be healthy and welcome for longer term price action. Aggressive traders might want to target the first retracement at $7909 , but I favor the deeper pull back at $7544 . I think this is a good level to go long with...

east-west_trading

Looking to buy ETH on the 50% pull back from the recent high. Tight stop at $675 below the bull market break out level. Looking for a profit target at $850 on new swing high. Good luck!

east-west_trading

The bull market break out line (20% bounce off the low) looks to be in place now and has tested a few times. If this line can hold and the price can move away from it in an orderly fashion, I think it's fair to say further steady price gains are likely. Happy punting!