Dillon_c

Dillon_c

Previously i have provided the setup for USDJPY which it has been consolidating for a week. Yesterday during US session, there was a strong bearish candle. It is not too late to sell now.

Dillon_c

As per last week updates, i was asking everyone to wait and see. During asian session today, we can see a strong bullish candle. But i would suggest to buy above the high of wave 1.

Dillon_c

This is also another wait and see. Buy only when it break the resistant line and previous high. There is always opportunity in trading. The key is patient. We want profitable trading not fear and greed.

Dillon_c

As you know, AUD is a gold related currency and the market is optimistic with gold. From my point of view, it is too early to buy or sell. I believe anytime soon will have a correction that touches my support line (grey line). Which in fact in Elliot Wave we named it wave 2. Buy only when it break the previous high which is wave 1. Otherwise, it will be a sell...

Dillon_c

I apologize that I was away for quite sometime due to personal issue. Let's start the week with USDJPY.

Dillon_c

This is a good buy via Elliot wave and trend line analysis.

Dillon_c

This is a good buy via Elliot wave and trend line analysis.

Dillon_c

As expected, EURUSD is coming down and will reach point E.

Dillon_c

EURUSD will apparently reach point D. Sell only when it reach point D and TP at point E.

Dillon_c

I expect EURUSD to climb towards the resistant line of multiple years wedges.

Dillon_c

There is an obvious elliot wave pattern appear in GBPJPY. It is now growing to the resistant line as well as wave pattern #4.

Dillon_c

AUDUSD unable to close below the multiple months and years support line. I expect it to grow towards the multiple years resistant line.

Dillon_c

As per my previous forecast, NZDJPY has been dropping from the resistant line. It has now retraced fib level .618. I expect the downtrend to continue. Hope you have made profit from my previous forecast.

Dillon_c

As per my previous forecast, AUDNZD has been growing from the support line 1.05576. It has now retraced fib level .618 @ 1.06552. I expect the uptrend to continue and will reach 1.07150. Once it reaches that level, i will update you on the next move. Hope you have made profit from my previous forecast.

Dillon_c

As per my previous forecast, USDJPY is declining to the support line. It has retraced to the fib level. I expect it to continue to drop towards the support line. Hope you have made profit from that.

Dillon_c

As published yesterday, it continues to rise towards the resistant line. In this case, it broke through the descending channel and retested the support line (previous resistant line). The forecast remain the same.

Dillon_c

It could not break through the resistant line and regular bearish divergence occur. This indicates that the uptrend has came to an end. I expect it to drop towards the support line.

Dillon_c

It could not break the resistant line and retested the resistant line. I expect it to fall towards the support line.