Short-Term.....Swing Trade (Set-Ups)

[marketwavez]

Originally Posted by ActiveTC

A major bottom is 15 pips away on USDCAD at 1.0410 An excellent buying opportunity for 300+ pips bounce

May bbe - You're right -.......

Heres a chart update for today

[MidnightRun]

Originally Posted by ActiveTC

A major bottom is 15 pips away on USDCAD at 1.0410 An excellent buying opportunity for 300+ pips bounce

Active Wavez

Do you think this scenario is likely to play out even if the EUR/USD goes up to say 1.3850 as it may?

Thanks

[marketwavez]

Hi Mid night
-haven seen you in here for some time ...
Hope all is well

The Usd/Cad is at Multi Year Lows ...

Elliott Waves is a contrarian metod of trading -

--------------------------------------------------------
The over-all trend is down Long Term - Yes !

But why would any forex market go down forever ?
In this environment

Maybe it's better to look for turnaround senarios
No matter what wave count you think is there

------------------------------------------------------------

[ActiveTC]

we are approaching a major shorting opportunity on GBPUSD at 2.0433 till 2.0450 it might be a major top for +300 pips down move

[kosai24]

Updating the previous chart on the GBP with the wave 5 projections looks like it may possibly be here. Already have 3/4 of my position hoping for another push to the 338.2% fibo to have all positions active. Stopped out of previous 0.5% which was increased to a full 1% risk after the second close around o's short area. 2% Risk around this area for anyone interested.

Cheers.

FxKos.

[ActiveTC]

GBPUSD USDCAD GBPJPY have all hit their reversal targets here on expect a massive reversal of at least 300+ pips on each

[ActiveTC]

GBPUSD still has a target of 2.0670 on monthly charts but that should take time to get there in the near future the direction is down imho.

[vilas]

Originally Posted by ActiveTC

GBPUSD USDCAD GBPJPY have all hit their reversal targets here on expect a massive reversal of at least 300+ pips on each

Hope you are right about GBP/Yen Active ! I have taken off my Long position some time back !

Regards
Vilas.