The Pair seems to be in Monor Wave 2 of Intermediate Wave 3. A great Intraday long Opportunity trading Minute Wave of 2.
However i dont like trading Wave 2 When Wave 1 is a diagonal..
If this Count is correct, THEN we will see a short term rally about 240 pips before we see a long term decline assuming Wave 2 is a zigzag.
still bearish. The pair is in MInuette Wave (iii) of Minute Wave .
If this count is correct then The pair is likely to fall of the cliff to 1.2450 - 1.2000
A break below 1.2980 will confirm the scenario. A rally to 1.3199 Invalidates the setup.
Minuette Wave (ii) Within Minute Wave seems to be comeplete and the pair is about to take a nose dive.
IF this count is correct THEN the pair is likely to fall to 1.2662 - 1.2000
A break above 1.3042 Invalidates the count.
1.2800 Is the most Critical level for this scenario
I am still bearish on Gold, It seems to be in Minute Wave within Minor Wave 3 of Intermediate Wave (C).
IF this count is correct THEN GOLD is likely to fall to 1160.20 - 1129.11
A break Above 1213.88 invalidates the day trading setup
Just like last week, The pair is still in MinuteWave within Minor Wave 3. An Minuette Wave (iii) seems to be presenting a golden Opportunity.
We go short IF price break Minuette Wave (ii) channel.
IF this count is Correct THEN the pair is likely to fall to 1.6694 - 1.5800
Critical level for this scenario is the level 1.7130
It seems to be in Minor Wave B Unfolding as a zigzag within Intermediate Wave (B) which is also a zigzag.
Minute Wave and of Minor B looks complete.
IF this Count is correct, THEN the Index is likely to fall to 94.94 - 93.00 or lower.
Alt Scenario: A break above 95.70 can be a possible Combination.
Gold eems to be in Minuette Wave (iii) of Minute Wave ((iii)) .
Minuette Wave (iii)seems to be coming to an end, so we wait.
Trading opportunity will be presented when Wave (iv) is clear around the area of Subminuette Wave iv.
Pair in MInuette Wave (iv) of a flat correction within Minor wave 2. Looking for a shorting opportunity between 0.236 and 0.50 of Subminuette Wave (iii)
If the count is correct the pair is likely to fall to 1.2660 - 1.2600 before it rallies.