Open trading account 
I've been looking at the AUDJPY & USDSEK for some possible entries all week. Seems like the last 24 hours was very volatile and is offering many decent setups. I like these ones because there is already a clear trend.
The first setup is the AUDJPY, where I'm looking to buy the pullback. As per the 15min charts below, there are two different wave counts that I'm looking at. The second chart is the alternate count which is in play as the first count has already been invalidated. I put my entry in for 95.15 in case the first count played. I'm filled on that position for 5 mil.
The second pair I'm looking at is the USDSEK. The count below takes into consideration that all the B waves have been what look like irregular running flat. Keeping in line with that theme, I see the current move, the end of yet another b wave flat which was taken in the X wave position
Above is the hourly chart with the wave count that shows the X wave about to end setting up for another major wave down. I don't like playing flat waves, especially an irregular flat. But the risk to reward from these levels are hard to ignore. Below is the 15 min primary and alt count. I prefer the ALT count, as the primary is not showing any divergence between the 3rd and 5th wave.
I'll probably look to enter in on a stop order on a break of wave 4 for confirmation, to avoid getting stopped out on a break to the upside in case the pattern does not play out.
AUDNZD long is still active, currently 140 pips in the green, 50 pips away from Take profit @ 1.09, but I'll probably be moving that target higher.
I've been looking at the AUDJPY & USDSEK for some possible entries all week. Seems like the last 24 hours was very volatile and is offering many decent setups. I like these ones because there is already a clear trend.
The first setup is the AUDJPY, where I'm looking to buy the pullback. As per the 15min charts below, there are two different wave counts that I'm looking at. The second chart is the alternate count which is in play as the first count has already been invalidated. I put my entry in for 95.15 in case the first count played. I'm filled on that position for 5 mil.
The second pair I'm looking at is the USDSEK. The count below takes into consideration that all the B waves have been what look like irregular running flat. Keeping in line with that theme, I see the current move, the end of yet another b wave flat which was taken in the X wave position
Above is the hourly chart with the wave count that shows the X wave about to end setting up for another major wave down. I don't like playing flat waves, especially an irregular flat. But the risk to reward from these levels are hard to ignore. Below is the 15 min primary and alt count. I prefer the ALT count, as the primary is not showing any divergence between the 3rd and 5th wave.
I'll probably look to enter in on a stop order on a break of wave 4 for confirmation, to avoid getting stopped out on a break to the upside in case the pattern does not play out.
AUDNZD long is still active, currently 140 pips in the green, 50 pips away from Take profit @ 1.09, but I'll probably be moving that target higher.
