USDJPY is possiby set up to be in the A correction wave. Watch for possible support around 103.14 price level and rebound to 161.8% Fib level/supply zone or correction all the way down to 100% Fib level. Will take a short position after price closes below 50 MA.
Watching for a strong move to the upside on the 5th wave of this impulse wave. Will wait for MACD to cross to the upside and for price to close above 50 MA before making call. Extra confirmation would be price closing above 100% Fib level.
XAGUSD is in a possible 4th wave in an impulse Elliott wave series. This correction has potentially run its course indicated by the high level RSI. I will watch for the correction to either continue to the upside or begin the 5th wave and immediately retrace down to the 1st trend line. If it is indeed in an impulse Elliot wave, then it should continue its decline...
Price is beginning to form a possible double top. If that's the case, I will monitor the price to see what it does once it comes out of the consolidation that is currently happening at the 76.4% Fib level. My 1st signal was triggered with a close below the 50 MA. If it continues in a down trend, I will open a short position taking 1/2 profit at the 61.8% Fib level...
GBPUSD is set up in the possible 3rd wave of an Elliott Wave. Watch for price on hourly to retrace back to 100% Fib level where there could be a possible rebound to the upside to the supply zone completing the 4th and 5th wave or break the 100% level down to the 76.4% Fib level to complete the 4th wave then rebound to the upside to the supply zone to complete the...
EURUSD is beginning the final 5th wave to the upside into the supply zone. The 4th wave has retraced down to the 61.8% Fib level and is beginning to rebound to the upside, which makes it a promising indicator of the beginning of the 5th wave rally. Will wait for price to break the 76.4% and 100% Fib levels and close above the 50 MA then enter a CALL projected to...
USDCAD is possibly ending its 2nd wave with its retracement to the 50% Fib level (RSI indicates oversold) which could be the beginning of a strong rally to the upside into the supply zone where profits will be taken. I will wait for price to break the 61.8% Fib level or strong engulfing candle to confirm rally to the supply zone.
