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...
Short term entry setup is on place. details on the chart, market entry, or limit (negative 5 points above)
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 is back at the highs after a new leg up out from a fourth wave that we have been tracking it from start of the week. We see price now in wave (v) that represents final leg within impulsive recovery so we must be aware of a new corrective set-back in days ahead. we may see a temporary decline back into wave 2 at the start of November. That said, current...
Posted this a while ago, then noticed i have posted it in private... advices are welcome !
Finally, EURUSD weakness is here; pair fell sharply last week through 1.1300 level and even finished trading on Friday beneath 1.1081 which was our minimum objective target. But because of very strong downside momentum with impulsive price action we think that pair will fall much deeper. As such, any bounce in the meantime, will be corrective. First one may...
On the Daily chart of USDTRY, price made a reversal from the Sep highs, where blue wave 5-circled found a top. That said we know that after every five wave sequnce, there is a three wave retracement. Price could now be trading in the first leg of this correction in blue wave (A) or 1, so we expect more downside after blue wave (B) or 2. www.ew-forecast.com
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...
Here is how I expect price action.. Good trading!
I expect price higher before into new LL.. Good trading!
EURUSD has potentially completed a minor wave 2 correction and may be ready to resume strong bullish movement in wave 3 of (3). Entry above S/R after breakout with SL below top of ((i)) of 1 (movement below this level will invalidate EW count). 0.5 of primary bearish impulse is an aggressive target, yet not out of reach with an upcoming 'third of a third'...
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...
No change, NZDUSD is still looking lower. We assume that price will reach the fibo. level of 1.618.
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).