d_ademi

d_ademi

This is a 4h sell setup. After the major move up, price is correcting. A and B wave is finished and now we're in the way for C wave down. A sell stop is placed at 87.21 with stops at 88.93 and targets 84.21. Reasonable reward-risk ratio of 1.74. Trade with a proper risk managment and we'll see how this trade goes

d_ademi

In order to complete this corrective structure it has to make another wave down.More correction can occur so Ill take the sell after a break and consolidation.

d_ademi

This is a monthly,weekly timeframe analysis of CADJPY.I think this is correcting now and will be correcting for some time then will make an up move to 92.00,93.00 area. From where it can either continue the impulse up and if it does and then forms a corrective structure above that area then it is likely to reach about 115-116.00 and from there I think it will move...

d_ademi

This is a good sell setup since this could be an ending diagonal and we will have the next wave down to complete the structure.We have an impulse and a correction and you can sell the breakout if you have a plan to trade it. Trade based on your own strategy

d_ademi Updated 

GBPUSD is correcting after that big move down and here on the 1H chart, we can see a impulse and now its in correction from that small impulse.If this turns out to be a triangle wait for break to the upside and buy.It would be a great risk to reward ratio.If this isnt a triangle that means that we'll have to break 1.2130 first to complete the C wave before any...

d_ademi

USDJPY is about to complete the C wave of the ABC correction after the last impulse down.I'll be waiting to sell the breakout of the bearish pattern that has formed on smaller timeframes. Targets would be 101.00 and potentially break of 99.50. Trade your plan

d_ademi Updated 

USDCHF is still in correction from the last impulse wave.I'm waiting for it to break down the 0.9640 area first to complete the ABC structure then I'll be looking to buy. Target for the buys would be 0.9950.Trade your plan

d_ademi

My view on EURUSD is that it'll make a C wave in lower degree to complete this correction and we'll have another impulse up until 1.1300 area. This can be more complex than a simple ABC correction, in case it gets more complex I'll be posting updates.For now I'm looking to buy only.

d_ademi Updated 

This is a sell setup for me.We have a 1hr impulse followed by an abc correction so far,it may be a more complex correction we dont know that thats why its better to wait for the breakout until you sell. If you are an aggressive trader you can sell the 0.618 fibonacci level with stops above 0.7370, which would give you a great risk reward ratio but with a greater...

d_ademi Updated 

USDJPY had an impulse down and now its correcting and it looks like this is a triangle pattern, in case it is this would have to make another wave up and then it would complete the 5 wave structure which would lead the breakout to the downside and ill be targeting 95.50 and potentially lower.

d_ademi

This is AUDCAD 2-hour chart where we can see the impulse down, now this pair is in correction and we're looking to catch the next impulse down.Traders who are more conservative with their trading should wait for the breakout since its a safer entry, because we dont know for how long this can consolidate before it goes down.For traders who are looking to get this...

d_ademi Updated 

This is a buy setup.We have a breakout now and we'll be anticipating the 1.27 as target.This may take some time so you have to be patient if you want to trade this.Traders who are more conservative can wait for a correction on lower timeframes before buying which I'd highly suggest.Trade your plan

d_ademi

This is a really good setup in which I'll be anticipating in. We're looking to buy the breakout and if/when it reaches 1.0380 area I'll put it in breakeven because im targeting the bigger breakout which would lead to 1.0560.Trade your plan

d_ademi Updated 

USDCHF structure shows possibility for both sides.For now its upside so look to get in buys on lower timeframes until 0.9940 area. From that area it'll decide to either break for more upside or it'll be a 5 wave structure and have another move down before breaking to upside.Upside targets would be potentially 1.0100, 1.0250 and finally 1.0400. Trade your plan

d_ademi

This is EURGBP H1 setup.I'm waiting for it to finish this corrective structure and then sell on breakout.