WicktatorFX

WicktatorFX

EURAUD is currently in a correction, which appears to be a 335 FLAT correction. We've almost completed Wave B and we're looking to catch Wave C. We believe we'll see 5 waves down. Trade idea: - Watch for break of the ascending trendline - Enter on break - Stops above price once trendline breaks - Targets: 1.65 (450pips), 1.59 (1000pips) Goodluck and as always,...

WicktatorFX

GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels. Trade Idea: - No safe entry for this trade - Risk Entry now with tight stops above the recent highs - Invalidation for this scenario will be...

WicktatorFX

Silver is currently in Wave 2 which is an ABC wave. We appear to be making a FLAT correction, which is a 335 structure. Wave A has 3 waves and now we're in wave B. We've only made 2 waves so far so we require one final wave higher to complete wave B. Trade idea: - Risk entry on bounce off fib levels - Safer entry on break of the red trendline - SL below price...

WicktatorFX Updated 

Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity. We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade. Trade...

WicktatorFX Updated 

USDJPY is currently in a 5 wave impulse for wave A. We are now looking for Wave 4 correction. In Elliott Wave Theory, Wave 4 tends to retrace to the 38.2 fibonacci. We expect wave 4 to start now and finish end of July at which point we'll look for a reversal for wave 5. Trade Idea: - Enter on lower timeframe trendline break, BOS - Stops above highs after...

WicktatorFX

In our last analysis we identified that Bitcoin was in wave 5 = 5 waves. We were looking for a break of the subwave 2 correction (of wave 3) for a move higher. We got the perfect breakout and price moved up 20%! We are now looking for continued bullish price action. The next trade setup will be once we see subwave 4 correction (of wave 3). Once that is forming,...

WicktatorFX

NZDCAD is giving us yet another opportunity to catch the big swing trade higher, which is likely to be over 1000pips. We have still not yet started the impulse so make sure to keep an eye on this! Trade Idea: - Watch for reversal patterns such as trendline break/BOS etc. - Enter on trendline break with stops below the lows - Targets: 0.855 (500pips), 0.88...

WicktatorFX

Last time we analysed Silver, we identified that we were in a new bullish phase. A bullish wave consists of 5 waves. Waves 1, 3 and 5 are impulse waves and wave 2 and 4 are corrective waves. We are now in wave 2 of the bullish impulse, which is a correction. The correction we're getting is a 535 correction, which is also known as a zigzag. Wave A has 5 waves,...

WicktatorFX Updated 

This is our bullish view on Ethereum. We are currently in wave 5 = 5 subwaves. Subwave 1 appears to be a leading diagonal, which is broken down into 5 waves consisting of 3 subwaves each. We are looking for one more move up to complete subwave 3. Trade Idea: - Enter on break of red trendline - Stops will go below price once red trendline breaks - short term...

WicktatorFX

We can see that Dogecoin is giving us a perfect example of an impulse. We are currently in wave 4 and looking for a breakout. For confirmation, we are waiting for the break of the red trendline. Trade Idea: - Watch for breakout using the red trendline as confirmation - price to stay above blue structure = invalidation level below blue structure - Targets:...

WicktatorFX Updated 

It's been a while since we analysed SHIBA. We've been in a correction for almost 2 years but it looks like we're very close to the next big impulse. We are currently in a WXY correction: Wave W = 3 wave correction Wave X = 3 wave correction Wave Y = 3 wave correction We are in the last wave of wave Y. All we have to do is wait for a breakout and join the move...

WicktatorFX

AUDJPY setting up for a massive move lower. We are anticipating a move similar to wave W, which was over 1000pips. We are currently in a WXY correction. We've almost completed wave X. Looking for a rejection around the 618 fibonacci level. Trade Idea: - Watch for rejection or lower timeframe trendline break for a risk entry - For a safe entry, watch for a break...

WicktatorFX

Solana has recently completed wave 2 with a nice impulse early 2023. we are now seeing a sideways correction for a move higher. We anticipate the bottom to be in so it allows us to have a strict invalidation level. The upside is over 1000% whilst the downside is very limited. Trade Idea: - Watch for a strong impulse higher breaking the red trendline - Stops...

WicktatorFX

Cardano is setting up for a big impulse. We've recently seen the completion of wave 2 correction and broken out of that correction. We are now in bullish waters and seeing a nice deep retracement which is great news for us as we've got the bottom in place. This means the lower it goes, the better. Trade idea: - Safe entry on break of red trendline - Stops below...

WicktatorFX Updated 

After the recent breakout on Bitcoin, we are now in bullish territory. Our job is very simple now - find any correction to add positions. We are now in a very nice correction and looking to take Bitcoin higher. Trade Idea: - Safe entry on break of the red trendline - stops below the lows after breakout - Targets: 50, 60k, actively manage the rest See chart...

WicktatorFX Updated 

Fantom is currently in an ABC correction for a move higher. We've already made the bottom so we have a strict invalidation level to work with. The upside potential is incredible (1500% gains) compared to the downside risk associated with this trade. Trade Idea: - For a safe entry, watch for a break of the channel - For a risk entry, enter on break of lower...

WicktatorFX Updated 

GALA looks like a very simple Impulse, correction, impulse. We've recently broken out of the year long correction with a nice impulse. We are now in an ABC correction which appears to be held within a parallel descending channel. We've seen both waves A and B and we are currently in wave C. See chart update for lower timeframe analysis. Trade Idea: - For a...

WicktatorFX

USDCAD is currently in wave 4, which is a WXY correction. Wave W = 535 ZigZag Correction Wave X = 335 Flat Correction Wave Y = 535 ZigZag correction We are currently in wave Y = Zigzag. We can see that wave A had 5 waves, wave B had 3 waves and now we're in wave C. We've see subwaves 1, 2 and 3. We are waiting for subwave 4 to appear and one final move lower to...