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Short

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Structural Trade

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Wolfe waves and structure indicate a fall.

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Theoretical idea

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Hi there, this is my idea based on Wolfe Wave trading. We are in wave 5 now. Let us see how this plays out.

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Greetings traders Today I present a speculative punt at USDCAD. Since March 2015, there has been a downwards trending channel. However, in May 2015, there was a trend reversal and a new bottom had been formed leading to a bullish trend. This new bullish trend created an upwards trendline. This formed a triangle structure. In the past week, there was enough...

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On AUDUSD, a H&S pattern has formed. Wait for a break of the neckline for confirmation and take profit at the 1.618 retracement level from the last swing low to high from the left shoulder to the head.

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If the sunday open is volatile due to Greece headlines, expect the following situation. A plunge to the 0.382 fib which is also the location of the rising trendline.

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Greetings traders. Here I present a quick idea on GBPUSD. Firstly, I am currently in this short as indicated on the chart. The price has reached the rising trendline that offers strong resistance. This is also the location of the 0.5 fib from a swing high to low that is very significant. The RSI at this point also shows room to move downwards. The target will be...

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Short

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Rising wedge will soon break. 1.618 confirms a double top. Short

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Look at the chart...

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The geometry is strong on this one. Only thing that I would keep on eye on is the RSI as it is showing lots of bullish divergence however it could fail.

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0.382 rejection. Short

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Short- chart shows a rising wedge

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Simple structural trade. Overbought, with it being rejected by a long term trendline and and resistance area

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The bearish momentum may have been stopped by the falling trend line and horizontal resistance plus it is very oversold according to the Stoch RSI showing divergence.

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Hit trendline resistance.