EUR/USD is in for another 100 pip move to the upside in its range. sellers have slowed down massively with a major push to the upside. the banks are long, retail traders are short.
This pair is in for a big week next with either a major push to the upwards or downwards. after being in a corrective stage most of the week, we saw a major impulse as expected as it broke through our trend line. i expect further downside as we collect more retail stages with another correct wave and then another push lower. lower lows are expected this week.
Fantastic buy opportunity here. break of out trendline with a retest, higher high expected
usdchf is in a corrective wave now watch for an impulse to enter short to reach our outer channel. simple analysis = simple pips. trade with the banks and not with the retail traders.
AUD/JPY looking great for a sell, watching a squeeze before a break down lower. trade smart not often.
USD/CAD is in a corrective wave at the moment, and there is a massive potential for a sell off, watch the break from either end before entering.
good short opportunity for gbpaud. watch for a small corrective wave before another major impulse to the downside.
fantastic sell opportunity here for gbpusd. we have see major impulses to the down side, and are now in a corrective phase before another impulse lower to reach our outer channel. this is the main trade im looking for next week.
watch for an impulse to the upside for a good buying opportunity of the retest of the previous candle before heading lower in this squeezing triangle that the pair is currently in.
watch this pair for a strong breakout to the downside within its channel
all jpy pairs are looking good for sell, watch a break, retest of trendline before entering short.
i feel this pair has just finished its corrective wave whilst pinging off the 38.2 fib. higher highs expected for a nice trade
the pair has retraced to a critical key area when a reversal to follow the main trend down is on the cards
nice head and shoulders formed. also, massive ping off the daily 618 fib
The pair is at a critical level with rejection off the multiple fibs to continue the downtrend. enjoy your weekend guys!
1. Broken trend 2. retesting support into resistance 3. lower low 4. major move lower expected
first post in a while as been busy nailing my trading. i have been short on this pair for a couple of hours and thought id give a simple explanation to why ive entered. 1. daily downtrend 2. plummer wave formation 3. elliot wave abc corrective formation 4. trade triggered with fib extensions. massive risk/reward.