11USDCAD-DAILY20161117125239

Many traders overlook the process of selecting the right instruments to trade. Trading is a process which requires a lot of discipline and a good technique to be consistently profitable. Selection is one of the aspects which can define the life of a trader because without the right selection process, most traders are going to […]

  • EURAUD: More downside after a bounce

    EURAUD: More downside after a bounce


    EURAUD has been in a steady downtrend since forming a peak on 8/24/2015 (1.6585). Although, pair is very close to 100% Fibonacci extension down from 8/24/2015 peak, Elliott wave sequence to the downside is incomplete and is calling for rallies to prove corrective and result in more downside in the pair. Last week, pair broke […]

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  • AUDUSD Elliott Wave Analysis 1.20.2017

    AUDUSD Elliott Wave Analysis 1.20.2017


    AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected before pair ends the cycle from 12/23 low. […]

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  • EURAUD Trade Setup from Jan 13 Live Trading Room

    EURAUD Trade Setup from Jan 13 Live Trading Room


    In Jan 13 Live Trading Room, we presented an idea to sell EURAUD bounce at 1.4234 as the pair looks to have impulse structure from 1/6 high and another leg lower in wave (v) is ideal towards 1.407. At that time, the pair is bouncing in wave (iv) and expected to complete at 1.422 – 1.4255. We sold […]

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  • GBPJPY shows 5 waves off the low

    GBPJPY shows 5 waves off the low


    GBPJPY rally from 1/16 low (136.42) is unfolding as a 5 waves impulse which is expected to complete wave ((i)) of a Minute degree, as shown below in the 1 hour Asia chart from 1/19/2017. As far as momentum divergence is intact between wave (iii) and wave (v) of Minuette degree, the impulse structure remains valid. If […]

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  • AUDUSD Elliott Wave Analysis 1.19.2017

    AUDUSD Elliott Wave Analysis 1.19.2017


    AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, another leg higher in wave 5 still can’t be rule out before pair ends the […]

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  • NZDUSD – Possible diagonal move in making

    NZDUSD – Possible diagonal move in making


    NZDUSD move up from 12/23 low is extending and it looks like the move up from 12/23 low is unfolding as an Elliott wave diagonal when pair is still in wave 3. Rally to 0.7028 is labelled as wave 1 and dip to 0.6945 is labelled as a FLAT wave 2. Up from there wave 3 […]

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