USDJPY is in WXY complex correction as double zigzag, where Y up is in progress. X wave has ended with internal wxy complex corrective cycle. So stay long with stops below 105.310 for target Y up, which will move in ABC cycle. The stops must be followed strictly because alternate count will extend the X wave correction down as more complex than current. So stay...
GBP/USD (GBPUSD) has ended impulse wave sequence A from last swing low 1.22526 to 1.25287 and started correcting it as expected previously. It completed the a wave down of B as abc correction. Wave b is under progress and may take more time to complete in 10 min time frame. Thereafter c wave will start to fall again to complete the whole B wave. The invalidation...
EUR/USD (EURUSD) has completed B wave in ABC zigzag down move. The 3rd wave of C wave down is under progress. It is in 3rd subwave of 3rd wave. Keep the eye on invalidation level to retain the count valid. It is aligned with Dollar index.
AUD/USD (AUDUSD) is in C wave down in ABC zigzag pattern from last major top. The B wave has ended in triangle. The 1st wave of C was diagonal structure, and 3rd wave down is now in progress. It should be going down sharply as it broken down triangle. Keep the eye on invalidation level.
GBP/USD (GBPUSD) have completed (A)(B)(C) zigzag pattern in 4 hr time frame, Now it is correcting down in ABC zigzag in 15 min time frame, where it has completed B wave and starts moving down in C wave. It is in 2nd subwave of C, which end soon and again falling in 3rd subwave of C down. Invalidation level must hold to retain the count valid.
AUD/USD (AUDUSD) is in wave B complex or triangle formation. It dropped in impulse wave A from major top shown in chart. In 4 hr time frame, it has completed ABC zigzag movement, where C was 0.618 times of wave A. In 15 min time frame, ABC zigzag down wave expected, but wait for confirmation of B wave to complete.
EUR/USD (EURUSD) is in 3rd subwave of C wave in ABC zigzag move from last major top. It has completed A impulse followed by B zigzag correction. Wave C is under progress. It has completed (W)(X)(Y) in 4 hr time frame as indicated in chart. In 30 min time frame, it is in C wave or alternatively the B flat correction will be possible, so next move will let us know...
AUDUSD has started to reach to the high-probability short-term reversal area. The price increase has been pretty amazing so, a bearish candlestick pattern inside the marked area is definitely needed.
1. 2x AB=CD
2. Channel projections crossing area
3. 2018 low should act as a resistance
4. The round number 0.70000
5. Fibo Extension and...
Firstly, watch out for NFP but the area looks promising:
1. Channel projection
3. Strong area
5-7. Minor short-term trendlines, AB=CD etc.
8. Wait for a bearish candlestick formation around the entry area!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
AUDUSD 15 minute time frame - From the chart we can see that we are testing a recent resistance zone that has formed a short term range in this currency pair. Our Elliott Wave Indicator Suite has currently labelled the wave 1,2 and is at a wave 3 high at the resistance zone. Our special False Breakout Stochastic now has yellow dots on the overbought zone,...
The pair is trading within a 1D Bullish Megaphone pattern (RSI = 63.428, MACD = 0.027, Highs/Lows = 0.0246) since the late June bottom. On September 13th it even tested and held the 3.90000 1D Support which is more than enough (along with the 1D MA50) to sustain this uptrend. Our goal is the 4.10000 1M Resistance which has been holding since the Lower High in...
In the daily chart Pound/Yen is about to complete the triangle, so either it will continue it's bullish trend or break to the down side to complete the Head & Shoulders pattern then do the continuation to the upside