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Shorttrade

SPX500 Short Trade SetupThe last top is the all-time high, and what we have after that looks like a reversal structure. For now, I can't tell if it will make a small or pretty big correction for more upside, or a huge drop. But in all cases, we should see a downward structure. That's why I want to sell it. To do that, I'm waiting for a complete correction. I may place a pending order to 0.886 retracement level of the reversal impulse with SL over the top by risking probably 0.25%.
FX:SPX500Short
by WaveAnalysis
GBPJPY Short Trade SetupThe upward movement from 124 looks like the C wave in a monthly running flat, and it might be over. That being said, there is still some room (approximately 300 pips) to go up. So, we will see that part, but if it's over, we will have a quite big drop, like 4000 pips at minimum. Of course, I won't trade this chart with 4000 pips target, but we can have some huge internal downward impulses along the way. For now, I'm looking at the last top as the end of the C wave, and waiting for a correction to take a short trade.
Short
by WaveAnalysis