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A proper wolfe wave pattern in NZDJPY pair

We have a proper wolfe wave pattern in the NZDJPY pair.
On the weekly, it has possibly completed a B downwave and is headed for a C upwave. Thus a target of 81 is highly possible.
The strategy I follow on this is to buy all dips on the lower timeframe charts.
So, wishing all a very happy June!!
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EURNZD short term trade

As is clear from the picture, the hourly wedge has broken upwards. So in the short term, I expect some upside move, may be of 100-150 pips. Seems to be a good trading bet.
Happy trading.
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EURGBP breakdown

As we can see in the chart, EURGBP has broken down from the wedge and may provide an excellent short term sell opportunity on the rise.
Hope to cash on it.
All the best!
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EURUSD update

EURUSD pair has been moving sideways for 2 days now and it seems that the wedge so formed is ready to break downwards to provide a good alignment trade. Watch how the SMA resistance has held.
Wish us all a great trade today!!
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EURUSD is due for wedge breakdown

EurUsd pair has been showing a topsy turvy move for the entire day. Being in a downtrend on the higher timeframe charts, the wedge so formed on the 15 min chart suggests that its finally going to breakdown and provide a good short entry.
Happy trading to us all!
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deepti23 avatar

here's the update after 1 hour....bang on!

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Breakout on weekly in USDCHF

Here's an excellent trading opportunity in USDCHF. My style of trading is, keep adding positions on corrections after the breakout. Depending on our interests, we can take alignment trades in this pair on each correction. Fibo retracements provide us a good reversal zone for entering into fresh trades.
Wishing us all good luck!!
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GBPNZD- hourly wedge breakout trade

GBPNZD after a good consolidation has decided to follow the trend down. I really like the setup so am entering the trade.
Wishing you all a happy trade!!!
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USDJPY

USDJPY has been trending very well and rising as per the daily and weekly charts. So, this trade as depicted on a 15 min chart is based on alignment trade with daily and weekly triggered by a wedge breakout.
Wish you all a happy May!
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deepti23 avatar

Posting the update......gain of 40 pips.....slow but steady!!

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USDJPY pair trade oportunity beckons!!

Good Morning everyone,
today I am interested in taking a short trade opportunity in the pair USDJPY. My trade logic is based on:
(a) On the daily chart, the last 5 day candles show indecisiveness in the rise. Also, we are currently at a resistance zone. Thus the price action favours a short trade.
(b) On the hourly, a wedge break down will be a reliable signal to initiate the short.
Study charts are attached alongwith.
Happy Trading to all!!
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Shivaya avatar
Shivaya 30 Jan.

Its working..

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Update on USDCAD pair and new trade for USDJPY

Good evening all.
As posted here, USDCAD pair has moved down beautifully and I was able to reap the profits in the trade......Now I am looking at the USDJPY pair to initiate a fresh trade.
The pair has now moved into a previous resistance zone and should now start moving down as per the broader timeframe downtrend.
Hope some of us can benefit from this post.......
Please see the charts attached......
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