Hi Traders, Expect USDJPY to continue the current bull trend until it reaches a key level at 107.05. At this point we'll have a regular flat and can begin looking for short entries. Trade with risk management in mind and don't over expose your accounts. Regards Wave Theorist
Hi Traders, I'm forecasting a long setup that will rally past the current high of 2075, and perhaps reach the 2100 level. If price hits our invalidation level, it simply indicates that this current wave down is not yet complete (it may end in a diagonal). Consolidation at current levels will confirm a long entry. Trade with caution and enter will small...
Hi Traders, GBPAUD is setting up for a relatively good short position and price may drop all the way to 1.7000. Watch for small corrective structures as confirmation for downside bias. Trade with caution and manage risk. Regards Wave Theorist
Hi Traders, Price is set to continue its current bull momentum. I'm expecting that price will continue towards 1.9000, at which point we may start seeing reversal. These next couple of moves will likely give us a corrective ABC structure. Trade with care and manage risk. Regards Wave Theorist
Hi Traders, Price will continue lower as expected and enter a correction. Wait for a corrective structure before taking any short positions. The correction is what will confirm further downside. Trade with care and always manage risk. Regards Wave Theorist
Hi Traders, There's a strong chance that price may retest the bottom at 101.00 if we don't see a clear reversal at current levels. If price tests this bottom, it may be an indication to start looking for long entries. Wait for correction around the 105 level to confirm further downside. Regards Wave Theorist
Hi Traders, WTI is showing signs of slowing bullish momentum and will likely make a case for downside in the coming sessions. We are currently looking at a 5 wave ending diagonal, and this structure is a reversal pattern. Don't miss this move and look for short entries only when price confirms. Regards Wave Theorist
Hi Traders, UJ looks set for a big wave to the downside. Price just completed an ABC expanding flat in wave 2 and now we are looking for a wave 3 that could go all the way to 103.90. Use an appropriate stop loss, trade with caution and look to join short positions only when you get confirmation. Regards Wave Theorist
Hi traders, Bitcoin has created a sell setup and may possibly go all the way to just below $8100.00. Expect price to breakout from the current structure and when it does, make sure to join the short whilst also managing risk. Regards Wave Theorist
Hi Traders, In the coming weeks, SPX500 will be entering an elongated series of corrective structures before we can see next impulse rally. In the interim, I'm expecting price to push lower in an ABC structure. Look to join short positions when price confirms. Regards Wave Theorist
Hi Traders, USDCHF will likely begin some bullish momentum. The ideal setup to look for is a strong impulse and subsequent correction. We can reasonably look for reversal when price reaches the 0.9881 level. Trade with care. Regards Wave Theorist
Hi Traders, EURUSD will likely begin some bearish momentum in the forth-coming sessions. The current structure we're seeing is an ABC regular flat, and the trade to expect is wave C in the smaller degree of wave B. The ideal setup to look for is a strong impulse and subsequent correction. Trade this one with caution. Regards Wave Theorist
Hi Traders, USDCAD will continue with the current bullish momentum until it reaches key resistance at the 1.4280 level. At this point, I'm expecting to see some reversal where price will continue the down trend. At current levels, look to join the current upside momentum only when price pulls back. Otherwise, look for short position from the blue...
Hi Traders GBPUSD will continue the interim push to the downside. The expectation is that price will retest the most recent low at 1.2247 before continue to the upside. Look for pull backs in price before attempting a sell at current levels. The trade to look forward to will be the rally into wave C. Regards
Hi Traders, After breaking 9000 in the past couple of sessions, the current structure suggests that price will start pushing to the downside. Look to join short positions when price confirms after the breakout. Regards Wave Theorist
Hi traders, Price has reached a critical sell zone @ 1.4700 and is making a case for a WXY regular flat. What is also interesting to note is that we're testing the high from 18 January 2016. Be sure to manage risk and stick to your strategy when looking for any short positions. Regards Wave Theorist
Hi Traders, Price is on track to complete what we call a running triangle (wave b in the triangle has tested the beginning of wave a), which will only be confirmed once wave e holds above wave c. The long setup will be confirmed on the bull breakout. Regards Wave Theorist
Hi Traders, We had key support at the 3600-3700 level and we saw price bounce of this level, suggesting strong demand. I'm looking for price to rally higher and continue to do so beyond 14000. The Elliot Wave sequence suggests that we are currently in wave C (expect this in 5 waves) of X. Regards Wave Theorist