GBP/USD – Continues a third wave

Bearish: We are currently @ 1.2735 in a channel in a range. We are continuing a third wave and looking to continue the channel to the ATR target @ 1.2680 with a further S4 target @ 1.2663 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 66 pips per day and it’s 90 day average is 84 pips per day. USDX is hinting up.

Read More
Comments

GBP/USD – Starts a third wave

Bearish: We are currently @ 1.2794 in a channel in a range. We are starting a third wave and looking to continue the channel to the ATR target @ 1.2750 with a further 0.618 Fibo target @ 1.2719 area. Watch ...

Read More
Comments

GBP/JPY – Third wave underway

Bullish: We are currently @ 189.37 in a channel in a range. We are looking to continue the channel to the ATR target @ 1190.12. There is a further 0.214 Fibo target @ 190.52 area. Watch the USDX for direction. ...

Read More
Comments

EUR/AUD – take a ride down

Bearish: We are currently @ 1.6504 in a channel in a range. We are looking to continue the channel to the ATR target @ 1.6428. There is a further S5 target @ 1.6366 area. Watch the USDX for direction. The ...

Read More
Comments

EUR/JPY – poised to finish the range

Bearish: We are currently @ 160.56 in a channel in a range. We are looking to continue the channel to the ATR target @ 159.80. There is a further day chart target @ 159.63 area. Watch the USDX for direction. ...

Read More
Comments

EUR/JPY – Pullback to go again

Bearish: We are currently @ 162.70 in a range. We are looking to finish an ABC pattern and then the resumption to the ATR target @ 162.00. There is a further 1.000 Fibo target @ 161.77 area. Watch the USDX ...

Read More
Comments

GBP/JPY – Swing trade on deck

Note: ISM today

Bearish: We are currently @ 190.49 in the very top of a range. We are looking for a swing trade with the first part to continue to the ATR target @ 190.00 with a further target the ...

Read More
Comments

USD/JPY – will it finally go down

Bearish: We are currently @ 150.51 in the very top of a range. IF USDX breaks down, we are looking to continue to the ATR target @ 149.87 with a further target the S3 @ 149.45 area. Watch the USDX ...

Read More
Comments

GBP/USD – will the bounce follow through

Bearish: We are currently @ 1.2655 in a range. IF USDX turns down, we are looking to continue to the ATR target @ 1.2700 with a further target the range top @ 1.2720 area. Would love a pullback first to ...

Read More
Comments

EUR/JPY – head and shoulders

Bearish: We are currently @ 162.94 in the top of a channel in a range. The head and shoulders pattern is almost finished and suggests a move to the downside. IF we can finish the right shoulder here, we are ...

Read More
Comments

USD/JPY – Poised to fall

Bearish: We are currently @ 150.59 in a range. Lower highs suggest a move to the downside. IF we can break support here, we are looking to continue to the ATR target @ 149.90 with a further target the 1.000 ...

Read More
Comments

GBP/NZD – back in the channel

Bearish: We are currently @ 2.0422 outside a well built channel. Lower highs suggest a move back into the channel. IF we can break support here, we are looking to continue to the ATR target @ 2.0318 with a further ...

Read More
Comments