jer8877

jer8877

Something big is brewing with AUDUSD. Opportunity for >10% gains shorting this one, with comfy risk/reward. Looking for the drop to accelerate after getting below 0.659 stochastic momentum pivot. I plan to take the easy profit at the Fib 1.618 (0.62). Not sure I trust the final H&S target, but I'll probably keep some of the trade open until 0.598. Thanks...

jer8877 Updated 

Doesn't get much more cut and dried than this... Momentum suggests it is starting out of a three-point corrective structure, but if it turns down one more time, then expecting a bounce on the bottom of the formation at 1.3276 before moving back up and out. A good entry point might be above the top side of the triangle once the 0.618 turns to support. Measured...

jer8877

Hi traders, I'm sure everyone who watches markets has made some kind of chart like this over the past six months, but I thought I'd share for those of us more comfortable with reading price action rather than economic reports or the news (obviously one needs both to be a truly excellent trader or analyst). I marked off with the pink vertical lines every low...

jer8877

Looks like consolidation around the 0.618 after impuse from 2011-2016 out of the second bottom. Getting ready for a breakout to the upside. Targets at least to Fib 1.272 would be a gain of ~12%. Increase in USDCAD is consistent with continued increases in Fed interest rates and geopolitical instability. TP1: 1.54386, TP2: 1.58196, nice position trade

jer8877

AAVE has been relatively subdued so far in 2023, achieving only (!) a ~84% increase since Jan.1, when it showed a strong impulse off of the double bottom at the end of 2022. It has played out that impulse and now sits below the strong band of resistance between $90-$100, though it has turned the daily 200 MA to support. If AAVE can break above 94.36 high from...

jer8877 Updated 

GBPNZD finally broke the low volatility creep and dropped to the bottom of the downward regression channel. Looking for momentum confirmation to the upside before entering for a move back to 0.618 (~1.919), the top of the channel. Then we'll see if it can break out and move higher. Despite recent relief from Fed, I see generally bearish conditions (i.e. lower...

jer8877

Probably being captain obvious with this for any trader paying attention...impulse wave off the ATH with corrective rising wedge into Fib resistance between 0.382 and 0.236 (~4400 USD). Targets down to 3300?