Dollar Index Supports the USDCHF idea.
Still in Minor Wave C of Intermediate Wave (B) meaning We can anticipate an advance to 101.10 - 102.42
This also indicate that We can go long USDCHF and Short EURUSD.
Here's an Opportunity that will give us over 1000 pips.
The Pair seems to be forming Minor Wave 3 Within Intermediate Wave (C).
IF this count is correct then We will use Minute Wave of 3 as an entry reason.
IF Minute Wave of 3 can end below Minuette Wave (iv) of that will be the first signal, However we will have to risk over 160 pips.
The pair stopped me out twice the last 3 weeks and the bearish scenario is still valid.
The corrective wave looks like a combination and now it is forming Minute Wave .
IF this count is correct THEN we might see a decline at least to 1.2850.
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.
Back to our Market Timing and Strategy
Now Minute Wave consumed more time than price compared to Minute Wave and is a clear regular flat.
This indicate that Minute Wave may be complete we should start looking for entries.
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