TRADE ANALYSIS. August 2017 Performance

Transcription

1 EUR/AUD SHORT Entry Date 01/08/2017 Entry point Stop-Loss Risk-Reward Ratio 14 Target As indicated on the chart we can see that the pair previously reversed to the downside between the 61.8 and 78.6 Fib level therefore I m expecting a similar scenario here as the Price Action starts showing signs of weakness

2 GBP/USD SHORT Entry Date 03/08/2017 Entry point Stop-Loss Risk-Reward Ratio 6.44 Target Simple ABCD Pattern in play. We can already see a strong reaction with a Bearish Engulfing Candle so I expect the pair to go all the way down and test the 61.8 Fib level. TARGET HIT (+322Pips)

3 CAD/CHF SHORT Entry Date 04/08/2017 Entry point Stop-Loss Risk-Reward Ratio 1.42 Target We can clearly see that the pair has completed 5 waves up therefore now I expect an ABC in the opposite direction of the overall trend. Legs A&B have already been completed therefore I m anticipating that final C leg TARGET HIT (+71Pips)

4 AUD/NZD LONG Entry Date 04/08/2017 Entry point Stop-Loss Risk-Reward Ratio 3.84 Target We can see that recently we had a strong Impulse to the upside and eversince the pair corrected to the downside but I believe it s time for yet another impulse up which could potentially break through the Downward sloping line (Yellow line). It has already done that and then retraced beneath therefore now we could be getting a more firm break up and retest the Key Structure Level (Light blue line) TARGET HIT (+192Pips)

5 EUR/CAD SHORT Entry Date 08/08/2017 Entry point Stop-Loss Risk-Reward Ratio 2.32 Target We can see that the pair has already completed 5 Waves up and upon completion we got a strong Bearish Engulfing which could suggest a bigger correction to the downside is in play which is why I m expecting a small pullback before entering with an interest towards the downside and the level

6 AUD/USD LONG Entry Date 08/08/2017 Entry point Stop-Loss Risk-Reward Ratio 3.04 Target We can see that the pair has completed a full 5-3 & ABC Corrective pattern therefore I now expect it to continue with the predominant trend which is to the upside and possibly reaching the level

7 GBP/CAD LONG Entry Date 09/08/2017 Entry point Stop-Loss Risk-Reward Ratio 9 Target We can see that there is a 5-3 Wave pattern in play as well as an Inverted Head and Shoulders pattern. Of course H&S patterns are not valid until a break of the neckline has occurred therefore in this case a break of the neckline will also confirm the validity of the 5-3 Wave pattern and we could be seeing a significant move to the upside

8 EUR/USD SHORT Entry Date 10/08/2017 Entry point Stop-Loss Risk-Reward Ratio 3.25 Target From the chart itself I can draw out numerous reasons as to why I should go short on this pair. The reasons are: 1) Daily Evening star formation at a key point 2) Weekly RSI Heavily Overbought 3) 3 Accumulation and Distribution phases complete TARGET HIT (+130Pips)

9 USD/JPY LONG Entry Date 14/08/2017 Entry point Stop-Loss Risk-Reward Ratio 9.4 Target We can see that the price is at a key level, which acted as a turning point in the past and could do the same now as well. The price action now suggests a Morning Star Formation on that level, should the candle close where it is now or even higher. With the tensions on the geopolitical level easing (we can clearly see that with the price of GOLD 0.13%which is already down by 0.5) we could see investors shifting away from safe heaven assets such as the JPY, GOLD 0.13% into more risky assets as they become less risk averse. Therefore I would personally be looking for a small pullback on a shorter TF such as the 1H to go long. Awaiting for some more confirmation

10 EUR/AUD LONG Entry Date 15/08/2017 Entry point Stop-Loss Risk-Reward Ratio 3.6 Target We can see that the pair has broken through a trendline that dates back from the 1st of June 2017 and is now consolidating, which makes me think that it will be retesting the broken trendlineand that is where I will be looking for long opportunities. So with this scenario I presume that the pair will keep going upwards a little more.

11 GBP/JPY SHORT Entry Date 16/08/2017 Entry point Stop-Loss Risk-Reward Ratio 6.9 Target A simple structure trade. We can see that the pair is already forming a flag after the most recent impulse to the downside therefore according to my wave count I expect the pair to make one last move to the downside.

12 AUD/USD LONG Entry Date 16/08/2017 Entry point Stop-Loss Risk-Reward Ratio 2.08 Target We can see that the pair is forming a deep Bullish Flag therefore I m personally awaiting a break above and close above the Downward channel in order to go long all the way up to Wave number 5 TARGET HIT (+104Pips)

13 EUR/JPY SHORT Entry Date 18/08/2017 Entry point Stop-Loss Risk-Reward Ratio 6.6 Target As indicated on the chart I am expecting the pair to retrace between the 50% and 61.8% Fib level which is my area of interest after the most recent impulse down, before any further downside all the way down to the level

14 GBP/USD SHORT Entry Date 22/08/2017 Entry point Stop-Loss Risk-Reward Ratio 14.4 Target We can see that the pair has just completed Wave number 4's ABC -0.51% correction, and has just broke out of the ending diagonal that occurred at Wave C as indicated on the chart. We can now expect some consolidation occur in the form of a flag, perhaps even retest the bottom of the Ending Diagonal before the price pushes down further

15 EUR/AUD SHORT Entry Date 24/08/2017 Entry point Stop-Loss Risk-Reward Ratio 3.48 Target The pair just completed 5 impulse waves and the Wave A and B of a Flat ABC -0.51% correction in my opinion, therefore I'll be shorting this pair to the bottom as displayed on the chart. As further confirmation the pair formed a Gravestone Doji at the top of the Flat correction.

16 AUD/CAD LONG Entry Date 30/08/2017 Entry point Stop-Loss Risk-Reward Ratio 6.06 Target As we can see the pair has just possibly finished a Flat ABC -0.51% correction (Wave 2), of what seems to be a new Cycle of motive waves to the upside. Therefore I'll be considering a Long position all the way up to the 141.4% % extension of Wave 1.

17 BTC/USD SHORT Entry Date 30/08/2017 Entry point $4970 Stop-Loss $5020 Risk-Reward Ratio 37.3 Target $3105 We can see that Bitcoin, according to my wave count is now in development of wave 5, which also happens to be an ending diagonal as indicated on the chart. Therefore this makes me believe that we could be setting ourselves up for a major correction all the way down to the $3100 levels after some further upside, until wave 5 is fully complete. TARGET HIT (+$1865)