There's a potential cypher looking to complete around132.34.
if it turns on a dime initial targets are:
TP1 around 132.170
TP2 around 132.065
Stops above X around 132.49
From the 5th of December 2014 this pair did a long consolidation until the 30th on April of 2015. This consolidation was a triangle pattern in wave ((iv)) . A Triangle always occur in a position prior to the final movement wave. In this case sequent rise from at 118.4 was a last impulse wave (v) of ((v)) of 5 .
Action from 125.7 looks like a impulse wave ...
Continuos consolidation at currencies market will be ended soon. But this pair still have a few possible counts.
Main scenario:
The pair are doing a triangle patter in wave x of wave y of wave ((2)) . This triangle may last few weeks. After this the pair should bring an excellent opportunities to falling down in wave ((3)) with first target at 1.155 =...
Dollar Index has a long fall from 121 the Jule of 2001 until to the Match of 2008 at 70.03. There was ended some impulse wave - presumably wave I or c. From the March of 2008 US Dollar Index are still working on two scenario:
- Motive movement
- Correction movement (Note: not all correction counts show at this chart)
This both scenario have a same sub-wave...
The last few weeks have broken my main idea and was need a time for understand what are happening and what will next.
Anyway, now wave count are looking more clearly than before, although I miss a good trend.
I remarked waves and now I think this pair are doing wave (c) of ((2)) .
There wave 3 looks almost end and I wait a small decline to wave 4 which...
In my previous Idea I wrote about rise this pair and possible target. The target did not do and now wave count looking like a sequence of one-two-one-two. If so, this pair will fall down in three of three wave with acceleration, break bottom line of parallel channel and must achieve at 119 = wave (i) x 1.618. This movement have a good correlation with EURUSD,...
How we have been seen during last days the pair doing a long consolidation. This consolidation due to waiting of decision interest rate. Tomorrow to expect a hight volatility and probably a strong movement.
Using Elliot Wave analysis, I may suggest that the out from consolidation will up and will break 1.138 with targets until 1.176.
This is my main idea at this...
In Previous idea I wrote that I waited the end of correction to the fall from 1.719. The pair did good correction wave ((2)) with clearly structure. After market fell down again. I did short, which have closed vis wave ((ii)) and after I missed a short opportunities.
So. What next?
There wave count have been getting not clearly last week. But now this pair...
