Market Update

We still don’t have any trade limits right now — and that’s completely fine.

The structure is developing, but not at a point where execution makes sense yet. This is exactly the kind of phase where most traders start forcing trades and give back capital.

We’re simply waiting for the market to show its hand. Once clear confirmation levels form, we’ll be ready.

Until then, doing nothing is the position.

WaveMaster Market Outlook

We’re currently watching EURUSD and AUDUSD closely, as both pairs have formed fresh confirmation levels for potential long setups.

If price breaks above these levels, we’ll look to enter and follow the bullish momentum. Until then, we stay patient and avoid jumping in too early.

Game plan:
Wait for the break → Enter on confirmation → Manage risk properly

EURUSD – Why We’re Long

A brief overview of our long position in EURUSD and the reasons for entering the trade last Thursday.

On the higher time frame (daily), we can assume that we have completed our Wave 4 correction, the depth of which fits well into the overall structure. This naturally shifts the focus to a potential upward Wave 5.

On the lower timeframe (1h), we are analyzing the structure of our Wave 4 correction, as it must be corrective in nature. Our current assumption confirms this, and we are currently seeing a WXY structure. Looking at the short-term price action, we see early signs of a 1–2 structure, suggesting a transition from the correction to a potential impulse—and that is exactly what we are looking for.

As an additional confluence, we see momentum on the MACD indicator. It shows a bullish divergence on the 2h–4h chart and a bullish cross on the 8h and 12h charts. We have also nearly reached this bullish signal on the daily chart.

This combination gave us the confirmation to open the position.

Ultimately, as always in trading, it’s never about predicting every move, but rather consistently following a repeatable process with clear rules.

That means: we let the price develop and react consistently.

1h structure

EURUSD: A bullish MACD crossover is now visible on the daily chart, providing further confirmation of our current forecast for Wave 5.

In line with Elliott Wave theory, similar crossovers have often led to a strong continuation in the past...

That does NOT mean the trade is guaranteed, but it does mean it fits our rules for execution...

Market Update

EURUSD is moving as planned, and we are already seeing solid profits.

Additionally:
USDJPY is approaching an important level where a new entry opportunity has emerged.

Should the price move above our confirmation level, a clear additional trading opportunity will arise. As always, when multiple trades are possible, risk must be calculated precisely...

One position is active; another is currently developing.

Be patient until confirmation.

Not much has changed compared to yesterday.

EURUSD seems to have completed an initial 5-wave impulse, which continues to support our long position.
Our USDJPY buy limit also remains in place.

If you want a more detailed breakdown of the USDJPY setup, react with a ❤️ and I’ll share it.