In the last usdjpy chart, ive posted this Because i entered too early (something to work on) i missed the trade, and even take a small loss. Now it should be a good idea to buy if price breaks out this corrective structure ( I didnt move or edit the chart posted here from the one in the pic, just change from candles to line) Thank you for reading Have a nice day.
Hello everyone, i will be posting here my ideas so i can keep track of them. Why i dont publish in private? Because i am open to any suggestion, so if anyone wants to tell me something about the idea, i will be glad to read what he or she has to tell me ! Here i am looking for a short in eurjpy weekly. wich seems to be in a very corrective structure at the...
Hello everyone, i will be posting here my ideas so i can keep track of them. Why i dont publish in private? Because i am open to any suggestion, so if anyone has something to tell me i will be glad to ready what he or she has to tell me! audchf possible moves to come. Here i draw a scheme of price with arrows to make the movements clear (at first it might look...
Hello everyone, i will be posting here my ideas, so i can keep track of them. Why i dont publish in private? Because i am open to any suggestion, so if anyone wants to tell me something about the idea i published, i will be glad to read what he or she has to tell me ! In this case i am posting the pair usdjpy, which seems to be on a corrective structure. On the...
FX:USDJPY Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1 Basic Elliot impulse with 5 waves: iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the...
USD index made an impressive run higher in the last 24 hours, to the upper side of a trading channel where gains can be limited, but not for long. What we see is wave (iii) at the high so pullback will be wave (iv) that can retrace back to 96.00 area before uptrend will continue. We think that price is headed up to 97.00 area in the next few trading...
GBPJPY has been bullish for the last three years, we see an impulsive structure unfolding. Impulse is a five wave move and when this is completed we can expect a three wave retracement. In our case that means big three waves to the downside on GBPJPY. However at the moment we see final leg in this impulsive sequence unfolding. We are tracking red wave (5) that can...
On the 4h chart, we see that black correction A-B-C is completed, because of sharp impulsive action to the upside. That said price may reach higher levels. It has already made three waves up, with an extended structure in blue wave (3). After blue wave (3) is finished, the trend may face a correction in blue wave (4), which may move to the area of previous red...
DISCLAIMER: This strategy has been developed solely by myself, any resemblance to what ever system out there will be a mere coincidence. Guys I am sharing this strategy with you (developed last night after recognizing the repetitive patterns on the stochs) and don't want any thing in return expect recognition. IF it proves to be useful in the future please do...
GBPJPY remains clearly bullish on Weekly chart. On the Daily chart we see price turning higher again after a correction pattern in wave (4).
Wave 1 (subdivided in 5 subwaves) has ended at 231. We will have a wave iii of 3 of C (C is a third wave) so we should have massive volume, price could go really low. Now we should get a small retracement before wave 3 begins.
Possible butterfly into bullish flag pattern. Butterfly completion point could be very close to the lower band of the flag. Target 1 displayed on the picture, target 2 looking for further run to the upside (same size of the main impulse leg in the chart.)
If we take a look from 2006 the full view seems very probably we are in a expanded flat. Actually the decline from 4.6480 seems to be the 1)) wave o a C] wave The decline have several hints to confirm this view: Wave 4th has a near to 50% retracement and is in a contractile triangle shape Wave 5th is the extended one and are near to its 61.8% portion of...
In this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak...
Price appears to be correcting in a wave iv. Heavy fib resistance zone between .92566-.92910. Wave ii correction was relatively deep. so I expect this one to be more shallow with lots of consolidation. Probably will false breakout of the upper channel formed by projecting trend line from wave i to wave iii from wave ii. Wait for price to enter reversal zone and...
In perfect concordance with the final channel if we count this movement as a wave 5)) an impulse with its 5) extended we can assume that the actual decline phase could be the first wave reactive to the last rally started since 0.8129 and now we can expect be around this area for the next few weeks because the nature of this correction due the alternance guideline...