wstipp18

wstipp18 Updated 

Unfortunately, my short entry was missed by a few pips. I'm still happy to take it down, even though it has a terrible RR. I will just manage my position more and move to BE quicker

wstipp18 Updated 

I'm looking for one last move down before it reverses up and puts in a correction

wstipp18

I'm expecting one final push down before a huge up move

wstipp18

After a 5 wave move down, it looks like there's an opportunity to sell into wave 3. If this count is correct we should see a sharp move down. I am possibly expecting a slightly larger move up before the final move down so bear that in mind. I'm going to try to let this one run a bit so I can get a nice boost in my account. Targets at w1 = w3 and stop at .786 of w1.

wstipp18

We have broken out of a head and shoulders pattern and have come up to test the neckline. While doing this we have broken a flag pattern so im going short at market to catch the move down. Taking targets before an AB=CD pattern

wstipp18

Still bearish on EURAUD with recent AUD strength after job data and EUR weakness with Brexit and other issues. I'm expecting this correction we are in to continue for a little while more (sorry not precise as it's not clear at this point) before moving downwards strongly again.

wstipp18

Now in these next few weeks GBP is going to weaken, giving us numerous trade opportunities. I'm shorting GBPNZD because I think we have had enough corrections to complete the Y leg and we are now looking for the fall. It's not going to be impulsive but rather more choppy with numerous pullbacks. These pullbacks actually give us more opportunities to get in more...

wstipp18 Updated 

After the flag breakout, we moved down making a lower low. We have now retraced 61.8% to retest the flag breakout area (small red zone) and also a higher time frame trend line (yellow ray). This gives us a decent short if you missed the first move. SL can either go above the retest zone for a great RR or above the high for a good RR!

wstipp18 Updated 

As you can see after hitting strong resistance AUDCAD has turned around. We have also put in some nice wave structure patterns. With this breakout, I am expecting the third wave (if the count is correct) to shoot the market down to crush targets. I have entered at market with stops above the break out candle and targets at weekly support. The RR isn't great but...

wstipp18 Updated 

This one is gonna go down hard. Make sure you enter asap because this is not one you want to miss. I may manage the position on the way down but for now lets get short!

wstipp18 Updated 

This has a sick RR but the probability isn't that high. Make sure to watch out for USD data and FOMC meeting later if taking this!

wstipp18 Updated 

With my Elliott Wave analysis, gold should move down to the red box at least before either coming up and making new highs or retracing even further making new lows. If you're not already in then look for sell opportunities on lower timeframes

wstipp18 Updated 

At the moment, in the big picture we are forming an ABC zigzag correction pattern which will take us into the 1.07408 area in which price will continue upwards. For now we can short down to this level by taking flag breakouts in favor of the downside. We have just closed below an ascending triangle on the lower timeframes and this has lead me to go short taking...

wstipp18 Updated 

We are currently in a correction phase which could take us up to enter the bat pattern. If so we are dropping hard down to targets and probably breaking the weekly levels to create new lows.

wstipp18 Updated 

As you can see i've entered a short trade after USDJPY has pulled back after its breakout of the flag pattern. It's a pretty simple trade and has a great RR

wstipp18 Updated 

Okay so there is going to be a big move to the downside soon, but we just don't know when. The best course of action is to jump into the breakdown of the flag that is forming at the moment. The reasons I am very bearish on this pair is because on the daily timeframe we have just broken through the neckline of the head & shoulders pattern. The RSI on the D1, H4 and...

wstipp18 Updated 

Unfortunately I missed the breakout on Friday and so i'm planning on waiting for a possible retracement to get back in. If no retracement comes im not going to chase the market and I will accept missing the opportunity. However, if the market does come up again first i'll be short for a decent RR. Targets are placed at weekly support/a buy zone.

wstipp18 Updated 

There are some incredibly tasty trading opportunities on USDJPY this week. I've combined my ideas of the flag breakout with my basic knowledge of Elliott Wave Theory, which give me a bearish sentiment for this week. Additionally, we have just broken through the neckline of the head&shoulders pattern and have just retraced to test it. My stop loss is tight above...