Fomenka

Fomenka

final move down before trend change

Fomenka

will be updated

Fomenka

EW count + RSI divergence + IB against strong support

Fomenka

inside bar against the resistance level + EW count + divergence

Fomenka

On 4H there is no divergence.. expecting one final leg down (5th wave) to finish the trend

Fomenka

Had to change my view on the market near-term. Short-term selling in 5th wave

Fomenka

Pretty clear. One risk - I usually jump the gun too early. It may be another subdivision down.

Fomenka

On daily chart the bounce is facing 200MA resistance. RSI indicated divergence. Pinbar and dodgy on 4H against resistance level + Elliott Wave pattern is present. Seems like enough evidence to short Swiss. Corrections are usually choppy so this shall be regarded as high risk trade.

Fomenka

Seems like an uptrend is about to start. May take up to 5-6 months to unfold.

Fomenka

highly speculative. Still looks like a high probability opportunity. series of inside bars on 1H + RSI pointing to resumption of trend and Elliott wave count. Next level may prove to be the end of 5th.

Fomenka

Similar to GBPUSD kiwi seems to have completed the impulse move down confirmed by divergence in RSI and is poised for a bounce.

Fomenka

This is counter trend movement so one need to be carefull with picking it up. I will wait if price decends to support level 1.54 and put a stop below next level.

Fomenka

seems like in previous trade mistake was too tight SL. De3cided to give it another try

Fomenka

am not 100% sure about this as the last move broke through the support (and knocked out my previous stoploss)... still may be a nice bounce opportunity as RSI indicated trend reversal and Elliott Wave pattern is present

Fomenka

Seems like the uptrend in GBPUSD is finally over and we're observing first leg of larger downtrend.