Hi All,
This update is going to be short and sweet.
I've tracked 2 X triangles with this pair and now trying to find an entries.
1) On a larger timeframe, a triangle in wave 4 if a bigger impulse with wave E of the triangle complete - please see below
2) Of the wave E of the bigger triangle, I have also seen yet another triangle in wave 4 of C of the bigger wave E of the bigger triangle.
Looking for an entry to go long as EUR/USD also looks long so this pair should correlate with the EUR demand so watch this pair closely.
Happy Trading
Don
This update is going to be short and sweet.
I've tracked 2 X triangles with this pair and now trying to find an entries.
1) On a larger timeframe, a triangle in wave 4 if a bigger impulse with wave E of the triangle complete - please see below
2) Of the wave E of the bigger triangle, I have also seen yet another triangle in wave 4 of C of the bigger wave E of the bigger triangle.
Looking for an entry to go long as EUR/USD also looks long so this pair should correlate with the EUR demand so watch this pair closely.
Happy Trading
Don
Comment:
As always, trying to pick a turning point is hard as we've seen yet another low. However, this count is still valid and I am still looking at going long due to the 2 X triangles.
In addition, there is a gap yet to close at 8550 so a move up is imminent.
Please see the update below and looking for a long entry now.
Don
In addition, there is a gap yet to close at 8550 so a move up is imminent.
Please see the update below and looking for a long entry now.
Don
Comment:
Quick update:
This pair is a very frustrating pair to say the least but once it does move, amazing pip gains can be had.
In terms of the past 2-3 days, there has been a never ending buying for GBP which has been annoying slow, sideways, and not many pips to the downside - this is a classic characteristic of an ending diagonal.
The good news is that it look finally set to move to the upside. I am finally looking to put a buy order in at the wave 4 structure with the aim that this will make a new high. let's see how this pans out with the round 1 of the French elections on Sunday.
Happy Trading!
This pair is a very frustrating pair to say the least but once it does move, amazing pip gains can be had.
In terms of the past 2-3 days, there has been a never ending buying for GBP which has been annoying slow, sideways, and not many pips to the downside - this is a classic characteristic of an ending diagonal.
The good news is that it look finally set to move to the upside. I am finally looking to put a buy order in at the wave 4 structure with the aim that this will make a new high. let's see how this pans out with the round 1 of the French elections on Sunday.
Happy Trading!
Comment:
Great Impulse up as predicted - Long entry triggered!
happy Trading all!
happy Trading all!
Comment:
Count invalid - working on a post analysis as triangle count is no longer in play.
This pair is long for sure as I've spotted an ending diagonal to finish the 5th wave impulse then followed by the impulse up.
Happy Trading