here comes the moment to wait for...
(B) wave green is in place....touching 0.7281 and held back down.
I have secured TP at the moment peak....I don't know about you guys...hope u did.
If the lower channel line so stiff like a brick..bouncing the price like yesterday.
for (C) green.. will be a bit higher than previous plan.
Which is in range 0.7214-0.7196 (61.8% - 78.6% of A - B extension)
5 wave down slide to the range above.
Another divergence in 1H or 30m
if no 5 waves showed up....expect a triangle, which will change the count to (W) - (X) - (Y) instead of A - B - C
If Blue line broken...expect lower at Lower yellow dashed line.
Buy the dip....I can see on chat board, scalpers do try to slide with the C wave.
I am not suggesting any short at the moment, this c wave sometimes get nasty..occuring in 3-3-3-3-3 of small burst.
Target after :
Same as previous posting......Long Term.....Aim for the greenback's Head at 0.7449
Hope this punch bag match could start today...or may be tomorrow.
OK...now... who's gone be the Aussie's Cheerleader...??
Definitely not me!....I am just supporter here...for this moment of course.
Go Aussie!...Go!.....kick his head!.....kick his Head!!
Scenario still the same. Buy on Dip.
Only the wave form's name changed: "Irregular Flat"....which is same configuration on 3-3-5
This is where most trader get fooled, having the wrong entry for Buy Stop above 0.7281...
when triggered...price did not go higher as expected. Instead moving down to lower level..and triggered Stop Loss...or worst...bankrupt.
Aussie(Kangaroo): " Wait a minute..! No wonder you didn't set buy stop there, how did u know ..??"
Me : "I used to ...got fooled...too...Aussie!, but not anymore now....ha....ha....ha"
But not with me...
Price has breach 0.7281 more than 50 pips. This morning asian session brings it back down with a spike. With peak 0.7342 (which is 1.386% expansion of wave A)
I don't know about you guys...but I am not making trade at the moment. (at B and C wave).
But if you will...precautions as yesterday posting should be taken seriously.
This is why I am using this analysis for my trade....Conservative....and Precision Guidance.
I am waiting for the dip...confirming the wave as 3 - 3 - 5....good RSI signal....and Missiles Away...Fire & Forget.
Aussie(kangaroo): "why would you not chasing those 50pips...not bad bro.. at least?"
Me: "Dude..., why would you chase 50 pips, when you go down after this C wave....my main target getting higher at 0.7489...that is nearly 250 pips. At One push of a button!,.....have you gone for a school..?? "
Aussie(kangaroo): "yeah...a Bushy School"
Me: "Ohh...my...God!!...., never mind...just finish the 5's...and do the kick...I'll back you up with Heavy Strike Package..Ok!, If you win the Kick match...I get the money...Deal? "
Me: "Ohh....man!...no wonder you get a bushy school"
We'll just have to wait for the deal then....
Have a Good Trade
Eye on those levels.....
wave count remains the same.
End of (c) missed...lower 27pips from estimated 0.7282
Quite difficult counting the last downslide. And it didn't work for the 1st entry.
Trying to count in perfect impulsive 5 wave...quite odd on the result. It does not or exactly showing a good 5 waves down (exactly 5 + excess 1 wave).
It is more appropriate count as (a)~(b)~(c1-5).
If the last downward movement do may a perfect 5 waves. This upward surge, may just a correction...at least to 61.8% level. Meanwhile on the same count as our target -> (Y) it would also same structure as correction would do...big 3 wave up, but for the (Y) on higher target.
On the opposite side of this currency. Seems like AUDUSD moving backward againts EURUSD.
AU should up as per present wave count. Meanwhile EU going down deeper for correction continuation.
No wonder last night...my count was a bit odd before last downslide occured.
Full 5 wave Down off the peak 0.7385. With clear picture of Inverted "Leading Diagonal" formation.
Our Kangaroo, did his last kick up until 0.7385...and thats it....he ran away...down back on his continent.
Me: "damn you aussie!...that was your best kick??....you cheat on me..!??"
Aussie(the Kangaroo): "(running away) are you crazy?.....Greenback is pointing big gun at me...No Way..mate!, I'd rather run...."
It is time, we switch side under Greenback's Flag. Aren't we ?
And we are about to hunt a Kangaroo....down to the south.....hmmm...how's that sound....??
Have a Good Trade.