wave_pattern_trader

wave_pattern_trader

looking at the daily time frame you will see that the market is in an indecision state.. on the 4hr and 1hr time frame we see a symmetrical triangle forming telling us that the market can break below or above the triangle... i advice you wait for a breakout and a retest before entering the trade

wave_pattern_trader

price is gradually forming a channel price is expected to have at least one more up before going down to form wave 3 cause that is the structure we are expecting.if that doesnt work if price is to break out below the channel look for a good entry signal before taking the trade. price may consolidate after breaking the channel

wave_pattern_trader

price has reached the top of our channel and there is a hig possibility that the market will go down..if price is to breakout from the channel expect a pull back and a formation of a corrective structure maybe a flang before going into a buy. right now we are looking for sell setup.if the sell setup forms i assure you that you dont want to miss it...

wave_pattern_trader Updated 

wait for a breakout from the triangle and a possible retest of the lower trend line...price might react on approaching either the 118.086 or/and 117.493 level. there will probably be another entry opportunity at this level..drift fx

wave_pattern_trader

price is gruadually forming a correction structure. it will bounce in between the channel until the structure is complete before breaking out. it has already formed a zigzag(ABC) but it can lead to something more complex.. we are not taking the buy other we are waiting for a breakout before we sell

wave_pattern_trader

price can break out in any direction but there may be a possible retest of the rectangle.. your ability to be patient is what matters... i can assure you that it will produce 20-50 pips profit

wave_pattern_trader

the market is presently going through what my traders call a squeeze.. the market can break out fro any direction but from our analysis it is likely to break out below. but what we are assured of is that it will produce about 20-50 pips profit.. note; price may retest the rectangle

wave_pattern_trader

2 THINGS CAN HAPPEN. ITS EITHER PRICE RETEST THE CHANNEL BEFORE GOING DOWN OR THERE WILL BE A BRIEF PERIOD OF CONSOLIDATION IN BETWEEN THE RECTANGLE. NOW PRICE CAN BREAK OUT FROM ANYWHERE BUT I WILL ADVICE YOU WAIT TO SEE IF THERE IS ANY POSSIBLE RETEST.. WE THINK PRICE WILL BREAKDOWN TO THE DOWNSIDE SO WE ARE PLANNING ON GOING SHORT....

wave_pattern_trader

SWE ARE EXPECTING PRICE TO CONTINUE IN THE DOWN DIRECTION AFTER BREAKING THE CHANNEL. I WILL ADVICE YOU WAIT WAIT TO SEE IF PRICE WILL TEST THE CHANNEL ONCE MORE BEFORE SELLING (DRIFTFX )

wave_pattern_trader

we are going through what my traders call a squeeze.. price can breakout into the up or downside buy=t we are expecting it to go down.. we are planning on shorting the market...wait for the breakout from the rectangle.. what i can assure you is that after the breakout the move is going to be big

wave_pattern_trader

price is going to break out from the flang to the downside.. wait for the breakout and a possible retest then short.. place your stop loss above the flang..

wave_pattern_trader

price expected to retest the beginning of our previous channel i.e the 0.66552 level before dropping down..there may be a brief period consolidation at that level..its to early to short i advice you wait for the test of that resistance level or look for a strong selling signal.

wave_pattern_trader

price should test the 1.06055 area then expereince a small retracement after which it will continue with the up trend..there is a high probability its going to go higher than the 1.0827 except there is news

wave_pattern_trader

the bat pattern has been completed and there is a divergence from the (RSI 14) indicator. price has retested the 118.9 supporty line and is expected to go in the long direction ...