According to what I see in GBPJPY, seems that we had all corrections. Also I think for the price it took more time to reach this level of price if we compare with impulse movement before start of correction. Wave B moved most of wave A, which I think is reasonable as wave A is a 3 wave correction. The time for wave B is a bit more than wave A, and wave C took more...
I was checking different pairs and I just came to #AUDNZD. It seems that the pair has finished its 5 impulse cycles and one of correction phases. Now my idea is that all things depend on how the pair will react to B and C point which I have shown.
For CHFJPY I think that we are near a good area for taking short position. We should check the response of price.
Wave 1 could be an expanding diagonal, and also it seems that we had enough correction. Let see what will happen
This is what they call it FLAT CORRECTION. We had 3 sub-waves for wave (A), therefore wave (B) passed wave (A). Seems a good sell position. As a reminder, consider that we wont have a big (C).
Seems that GU will move to lower zones. In case we have enough retracement, we will have a good chance to take a short position.
I hope you understand that in Elliot method you are facing some option in each wave. So here, according to pervious moves, I have updated my idea. It seems that still we are safe and we have a good profit ahead.
For this pair I am not so sure but it seems that we are facing an expanding diagonal. I have considered to invalidation level. Me myself consider the nearest level firstly, as RR would be higher and secondly I think it is better to consider another entry level in case our analysis failed.
Seems that EURGBP could have a bullish move in low timeframe. As we will have big news today, please take necessary precautions
Seems that there might be a good sell position in EU.
I think it is better to have more description about pervious idea for GBP JPY. So I publish my weekly thought.
We can consider GBPJPY for a short position. At the moment I think it is better to wait for a while to have a better view.
Seems that CADJPY touched upper limit of its channel and going to shoort.
It seems that, USDJPY is going to upper. The pair has formed a triangle which now is broken and we had enough pullback.
I expect a long position in USDCAD as the price have broke the triangle and retrace enough.
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For #EURNZD in my daily view it seems that correction is going to finish and it is a good point to enter a long position.
At first, I should apologize for late update as I focus on my personal trading. For #AUDUSD in my daily view it seems that we are in correction phase. In H4 I have shown an entry point. The point is that we must have the exact structure. You can manage to consider lower targets and many entry points. Please like and subscribe for support.