Wealth Builder 99 69
New member
- Joined
- Nov 1, 2026
- Messages
- 1
What is up everyone!! I hope you guys had your charts open today because the market is giving us absolute pure gold right now. The Fed and ECB rate decisions just blew the lid off the majors and DXY is taking a massive dump, perfectly fueling some insane technical setups that have been baking for weeks. If you were sitting on your hands waiting for clear market structure, wake up because the trendlines are snapping and support levels are holding like a tank!
Quick story before I dive into the wave counts... last week I literally got rekt scalping AUDJPY on a 15m chart trying to anticipate a bounce before the daily candle confirmed. Classic FOMO moment, tried to DCA into a falling knife with zero stop loss discipline and ended up taking a nasty drawdown that burned my profits for the week. Lesson learned for the hundredth time: ALWAYS wait for confluence on the higher timeframes! So this morning when I sat down with my coffee looking at the daily close after the rate announcements, I almost spilt my cup seeing these pristine breakout triggers firing off.
Let's talk about EURUSD first because this bounce off the floor is insanely clean. Euro got a massive bid after the ECB/Fed combo and the technical chart on the daily TF is textbook. We just saw EURUSD pull off a massive reversal right off that key 1.1120 support zone. For context, 1.1120 is the exact floor that stopped the previous impulse wave (1) back in the middle of October. Not only that, but price slammed directly into the lower daily Bollinger Band at the exact same spot. Double confluence!
When you get an impulse wave floor merging with a volatility band stretch right as the dollar dips, you buy the retest all day long. The wave count looks like a textbook reversal structure here. I am already long from the 1.1140 bounce with my SL tucked right below the 1.1110 wick low. My main profit target is sitting at 1.1260, which lines up with the upper daily supply zone. If we get a clean daily candel close above 1.1180 today, I might even add to the position on a minor 5m pullack. Anyone else riding this Euro train or are you waiting for 1.1200 confirmation?
Now move over to AUDJPY because this setup is absolute eye candy for wave traders. I know JPY has been a total nightmare to trade lately with all the whipsaws, but the structural breakout on AUDJPY right now is too dirty to ignore. Price just smashed through a massive resistance confluence zone around 111.20.
Break it down with me: 111.20 was the exact brick wall that stopped both waves 'a' and 'c' of the ABC correction 2 earlier this month. On top of that, you had the daily down trendline dragging all the way from the middle of September, PLUS the 61.8% Fibonacci retracement level sitting right in that exact same price cluster. Seeing a single price level pack that much technical confluence is rare. The fact that the bulls tore through 111.20 with solid momentum means the entire bearish correction structure is officially broken.
The path of least resistance for AUDJPY is now wide open to the upside. Wave analysis is projecting a straight run up to the 112.60 resistance level. I took an entry on the breakout retest on the 1h chart right as 111.20 flipped from resistance to supportt. Position size is locked in, SL is tucked under the trendline break at 110.70. If you missed the initial impulse move, do NOT fomo in at the top—wait for a quick scalping retest of the broken trendline on the lower TFs to DCA in safely.
Seriously guys, macro catalysts matching up with Elliott Wave structure and key Fib levels like this don't happen every day. Dollar weakness is real, risk-on fx is moving, and these charts are screaming buy.
What are you guys watching right now? Are you shorting the dollar or looking for retracements on the yen pairs before jumping in?
Quick story before I dive into the wave counts... last week I literally got rekt scalping AUDJPY on a 15m chart trying to anticipate a bounce before the daily candle confirmed. Classic FOMO moment, tried to DCA into a falling knife with zero stop loss discipline and ended up taking a nasty drawdown that burned my profits for the week. Lesson learned for the hundredth time: ALWAYS wait for confluence on the higher timeframes! So this morning when I sat down with my coffee looking at the daily close after the rate announcements, I almost spilt my cup seeing these pristine breakout triggers firing off.
Let's talk about EURUSD first because this bounce off the floor is insanely clean. Euro got a massive bid after the ECB/Fed combo and the technical chart on the daily TF is textbook. We just saw EURUSD pull off a massive reversal right off that key 1.1120 support zone. For context, 1.1120 is the exact floor that stopped the previous impulse wave (1) back in the middle of October. Not only that, but price slammed directly into the lower daily Bollinger Band at the exact same spot. Double confluence!
When you get an impulse wave floor merging with a volatility band stretch right as the dollar dips, you buy the retest all day long. The wave count looks like a textbook reversal structure here. I am already long from the 1.1140 bounce with my SL tucked right below the 1.1110 wick low. My main profit target is sitting at 1.1260, which lines up with the upper daily supply zone. If we get a clean daily candel close above 1.1180 today, I might even add to the position on a minor 5m pullack. Anyone else riding this Euro train or are you waiting for 1.1200 confirmation?
Now move over to AUDJPY because this setup is absolute eye candy for wave traders. I know JPY has been a total nightmare to trade lately with all the whipsaws, but the structural breakout on AUDJPY right now is too dirty to ignore. Price just smashed through a massive resistance confluence zone around 111.20.
Break it down with me: 111.20 was the exact brick wall that stopped both waves 'a' and 'c' of the ABC correction 2 earlier this month. On top of that, you had the daily down trendline dragging all the way from the middle of September, PLUS the 61.8% Fibonacci retracement level sitting right in that exact same price cluster. Seeing a single price level pack that much technical confluence is rare. The fact that the bulls tore through 111.20 with solid momentum means the entire bearish correction structure is officially broken.
The path of least resistance for AUDJPY is now wide open to the upside. Wave analysis is projecting a straight run up to the 112.60 resistance level. I took an entry on the breakout retest on the 1h chart right as 111.20 flipped from resistance to supportt. Position size is locked in, SL is tucked under the trendline break at 110.70. If you missed the initial impulse move, do NOT fomo in at the top—wait for a quick scalping retest of the broken trendline on the lower TFs to DCA in safely.
Seriously guys, macro catalysts matching up with Elliott Wave structure and key Fib levels like this don't happen every day. Dollar weakness is real, risk-on fx is moving, and these charts are screaming buy.
What are you guys watching right now? Are you shorting the dollar or looking for retracements on the yen pairs before jumping in?