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sell trade setup

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i will looking for sell setup @107.082 (1.618) equal leg extension in lower degree.

pip-seeker Updated 

i am planing to buy usdcad at the price 1.2845 (fibs 0.618) or any break above the trend line.may first target is 1.3300 and my second target is 1.3500

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i think the price will complete its corrective wave b @ 38.6 price 1.3254 then it breaks the trend-line and goes to previous support or retrace 61.8 of wave before the next move.

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price action is in triple three correction i think it will complete their cycle and change direction around or between 1.0493 (fibs 76.4) and 1.0523 (fibs 88.6). if you are in buy i recommend you to take profit between these level.

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usdjpy is in a triple three possibly one more move to the downside

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possible wave count and trade setup to the up side.

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i think it will form an expanding diagonal pattern and i have clear view that the price will go up toward price 1.1710. any break below 1,0900 will invalidate this idea.

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may wave count and short trade setup

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a nice initial 5 wave impulse follow by 3 wave correction and follow wave 1 and its correction indicating that the price will go up if its break the trend line. i am not sure either it make corrective wave c and resume it down trend or make an impulsive wave 3. break below 1.32 will invalid my idea

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i will diffidently buy if its breaks this corrective structure above.

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the flow of line chart is going down and it continuously making LH and LL indicating a down trend. And I think it will extend to 1.272 fibs extension and Andrew pitchfork median line. if it reach this level then there is 80% of chance to retrace from that level and consolidate near median line. i put a pending order on price 123.91. if hit this target and bounce...

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i think there is one more down side to down side the consolidation is over now break out and retest the daily trend line and consolidation near 100 sma is a clear indication of bear power in market. breakout below will be a next swing to the fib ext 1.272 or 1.618 my entry on this break out and hold until haiken ashi change its color and cross 5 sma.

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I prepare my self for the next swing this may be the next turning point. the reasons for my buy in this area are (1). the completion of abc correction (2). hold and retrace from 61.8 fibs level (3). trend-line break and divergence on rsi i hold this trade until haiken ashi change its color and cross 5 sma

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I think this is a good place to buy the reason why i buy 100 sma support haiken ashi change its color and come out from its consolidation in lower time frames hidden divergence on rsi 50 % fibs support hold