weks21

weks21

a more downside correction for fomc

weks21

long from 0.7680

weks21

wave formaation

weks21

Cad is not done yet, we have the third touch coming on h4 trendline, even after a good $ run today we might see 1.1980 first before a trend reversal. on the other side if the trendline breaks we have plenty of room up.

weks21

very close to test previous support on weekly where i expect a small bounce and we should selll on a retracement with final target 1.2080

weks21

in a extreme positivism of dollar weakness we should turn around at the 3rd touch ot the trend line

weks21

4th wave in a abc correction b wave being a pennant with a expectacion of c getting to the 0.5 fib retracement of the 3rd wave impulse. short for tomorrow and long for the rest of the week. good luck.

weks21

C leg formed waiting for the pattern to complete and sell at E leg with the target 0.450 fib from the current impulse. good luck trading.

weks21

short

weks21

short to test the resistance

weks21

buy at 0.50 and 0.61 with target 1.27 and 1.61

weks21

As i explained yesterday. waiting for 3 wave today to develop, it is usually more agresive i expect 1.2130 by the end of the week

weks21

ok, so i want to explain why i think we had an impulsive wave down which might be the first wave of a next impulsive 5 waves as a correction. earlier today we break a previous support even by a few pips but it got violated, it looks like the price action got 5 minor waves on a small scale. it got corrected by the end of the day in 3 waves which looks like an...

weks21

first tg 1.2127 second 1.2092

weks21 Updated 

C wave to be completed by the end of the week Usually C wave and 5th wave correction goes to the bottom of the fourth wave.

weks21

1.618 target reached, short with 20 pips sl. Stochastic oscillator at record high 98.05.

weks21

fifth wave completion

weks21

Short at structural resistance based on MA 50 break in H4 and the momentum for medium term is switching bearish