Hi Every One,
AUD.USD its been trading on resistance zone quite long time, It could not brake that zone before find the proper pattern. As per my elliott wave count AUD.USD fell into complex corrective pattern, I am looking for final leg of this corrective pattern. Support level @ 0.7620
Hi,
After free fall on OCTOBER 6th - 2016 GBP.USD trading Complex corrective pattern. As per my wave count GBP.USD Double zigzag Pattern on B wave.
I am looking short upside to complete B of b wave in Y wave. Target for this wave 1.2600.
Price has pulled back to what I think is a solid short term resistance prior to the London open. Therefore I am looking to buy at market, targeting 1.65 as a first target. My extended target is all the way up at 1.66.
Looking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present.
Looking to enter at current price with multiple take profit levels.
1st: ~1251
2nd: ~1248
3rd: ~1244
Looking to enter around 1.2537 if price pulls back a bit more, targeting 1.2560. Not shooting for extended targets since the HTF is pretty volatile and I think we first need to see a minor retracement on the 4 hour chart, something that would break this corrective structure to the downside. But before that I think price will make another push to the top of the structure.
You can see a finished sell setup on the CADCHF. After a breakout and a corrective move the price starts falling again. There is a high chance for a downtrend now
The current corrective structure that has formed during the asia session is hinting about another bullish move around the corner. I am expecting a weak retracement into ST support around 1.3925-1.3935 followed by a move up to the first target at 1.3960. If the buyers manage to push through that level, next would be 1.3975, 1.4020 & 1.4080.
Mimicing the stucture on the GBPNZD I think this corrective structure we are seeing on the 1 hour chart is indicating another bullish move around the corner.
Planned entry is on a retracement into 1.0708 with primary target around 1.072 and extended target around 1.074.
Gold might be going down until it reaches the trend line. But be careful because the price is likely to push up once more. Another flag could mean another sell setup.
