GBPJPY has been is a corrective move down for the last few trading days. The pair reached monthly and weekly pivot zone at 184.50. Price made a higher low and now recreated towards 50%. GBP shows some strength against other currencies. Given there is no NY trading today, there is some risk of the price not following through. - See more at: http://humbletraders.com/30-octgbpjpylong/#sthash.kCys9cbr.dpuf
After making higher high and retracing 50%, Aussie is now ready to make another bull wave towards 0.73. With flat stance of RBA towards interest rate increase, we should expect some rebound in this market
Pound sterling has been in downtrend for a while. As all fundamentals point to stronger pound, this should be a good opportunity to enter long position. From technical perspective, all elements are in place. Trend has made higher low and retraced less then 50%. The only concern would be worse then expected PMI this morning. Unfortunately I didn’t not check for news or researched the market before. I entered this trade. - See more at: http://humbletraders.com/gbpusd-05-oct-2015-long/#sthash.KZszL5mj.dpuf
AUDUSD 0.01% has been in correction since 07 Sep. The long term down trend must be assumed. The pair hit major weekly pivot point level and it has been overbought. How Enter short position after Aussie pulls back towards 61.8% of the last leg down. - See more at: http://humbletraders.com/audusd-21-sep-2015-short/#sthash.AlvL1K8q.dpuf
Learn how an Elliott Wave Forex trader applies the theory to trading successfully and profitably. These are EXACT price patterns I used for years to steadily grow my trading account while taking minimum risk.