donaldsaw

donaldsaw Updated 

EUR USD in recent times has been a bit hard to forecast but I have a count that makes the most sense based on the choppy nature of the recent impulse long from the new low in Jan and short from 1.0830. I am not suggesting that the overall market has turned just yet as still I am expecting USD to make a new low at some point but expect EUR to fight back like...

donaldsaw

Hi All, I posted last week that EUR is showing bullish signs base the on the count I shared (Please see link below) but as a prudent trader, an alternate view is always a must to get a holistic view of the market; and prepare yourself for all possible scenerios in case the market turns against you. Here's is bear count: Wave 1: Impulse down since the US...

donaldsaw Updated 

As mentioned in my previous EURUSD count that a possible forecast wave could retest the previous low at 1.05216 which it has. So I am looking for a long entry as there has been a impulsive 5 wave bounce from the new low. (Circle red) In addition, there has been a bounce from a key support level at 1.05059 back in Dec 2016 has not broken. Therefore the wave...

donaldsaw Updated 

The so called "Trump effect" was again in play last week as the markets sold the USD whilst he gave his press-conference; so I thought I'd put that theory to the test and have an alternate Elliot Wave count to the upside similar to my original idea EUR Long idea I posted back in Jan 2017. This is again is becoming my preferred count as I anticipate the a...

donaldsaw

My previous count had the EUR USD about to complete the 5th wave of an Ending Diagonal with a new high made at 1.08298, followed by a 5 wave impulse to the short side signifying a trend change. This is supported by the same pattern seen on USDCHF and DXY which are both correlating pairs to the EURUSD, so I expect the USD bull to return at least till the end of...

donaldsaw Updated 

My previous count had the EUR USD making a new high to complete the 5th wave of an Ending Diagonal at 1.07750 but this hasn't been confirmed as there is still sideways movement which only points to an incomplete move so this is my recount. Current Wave: Short wave c of wave 4 of an Ending Diagonal is currently in progress Next Wave: Long to make a new high...

donaldsaw Updated 

My previous count was that a trend change had occurred but I think I may have been a bit hasty as the impulsive move up hasn't happy as I anticipated. Current Wave: C wave of a corrective wave 2 which is shaping out to be an ending diagonal. This is likely to be a completion of a wave 3 of a bigger 5 wave move down. Next Forecast Wave: Completion of 5th wave...

donaldsaw Updated 

My previous idea was looking out of a trend change and I think the 5 wave move to the upside has indicated that there is a BULL on the EUR. Current Count: 5 wave impulse wave has completed with key fibs met and an ABC correction which retraced to just shy of 0.618%. Forecast count: If this is indeed a wave 3, I suspect the extension to hit a) 1.618% or 2.618%...

donaldsaw

Since my last post, there has been massive movements with the USD and I expect more to come as the rally of the USD doesn't look completely finished yet. I still believe this is an Ending Diagonal and the previous wave 5 I posted is looking more like a wave 3 so this is my update as it is looking likely that the strength in the US dollar is still present. Wave...

donaldsaw

Along with EURUSD and USDCHF, DXY is at a stage where a big change in trend is forecasted as all 3 pairs correlate like twin pairs and move in sync. EURUSD - Triangle (Terminal Move) USDCHF - Ending Diagonal (Terminal Move) and DXY - Ending Diagonal (Terminal Move) Other factors to take in to consideration. 1. Divergency are showing on all 3 pairs in almost...

donaldsaw

Based on the previous post, my EURUSD predictions are happening as planned based on Elliot Wave theory and key Fibs being hit. As USD is losing steam and EUR is gaining momentum due to divergency in almost every timeframe. As a result of that I have already gone Long as per my previous post and up 100+ and planning to stay Long for a LONG time. To be 100% sure...

donaldsaw Updated 

As per my previous postings, EUR has been taking a massive hit but it is looking likely that the end is near as a rally of sorts is likely going to happen over the next day or two. Below are some key facts and thoughts to share. 1: EURUSD has a Bullish Divergency in every timeframe from Monthly to hourly indicating that USD has been MASSIVELY overbought since...

donaldsaw Updated 

Since the Fed rate hike overnight, we've seen the final push down to ALMOST complete the final wave 5; shy of 5 pips from making a 14 year low from the triangle wave E breakout at the announcement of the US elections. Long terms affects of the Fed rate hike is still unknown but I can see that in almost every single timeframe that USD has been oversold so I...

donaldsaw Updated 

Elliot Wave theory states that a triangle is signifying a terminal move and in the case of EURUSD, we have seen complete contracting triangle which started back in March 2015 and a completion of that triangle at the announcement of the US elections back in Nov 2016. Current wave: Wave 5 of 5 with wave 1, 2 and 3 complete with the wave 3 extending to 1.618%. Next...

donaldsaw Updated 

Currently wave: Wave 4 retracement (Expanded Flat) Next wave: Completion of wave 4 at either 50% or 618% retracement - Also gap to be closed around 1.08426 as marked. Forecast wave: Wave 5 short to potentially make a new 12 year low at 1.0460

donaldsaw Updated 

Overall Pattern: Elliot Wave - Contracting Triangle Current Position: Wave D looks complete (Wave D Vs B = .618% - Key Fib level) Next Move: Wave E about to start - Key level 11400

donaldsaw

Bigger Triangle is possible Short to 1.0600 Long at 1.0600

donaldsaw Updated 

Scenario 1: EUR could push down to 1.0600 as C wave of a triangle looks complete, with a D wave underway. This is my preferred count as I am seeing MACD divergence on the 1d, 6h, 4h, 3h, 2h, and 1h chart so this indicates to me that the EUR has been WAY overbought so a long term BIG SHORT is very possible. Scenario 2: EUR could push up to 1.1600 as part of a C...