Silver seems to be forming Micro Wave within Subminuette Wave a of Minuette Wave (y).
IF this is correct THEN silver is likely to decline at least to 16.51 before we see a short term advance Subminuette Wave b.
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.