Majaliwa

Message Follow Following Unfollow
Joined Vincemushi
Markets Allocation
88 % forex 13 % other
Top Mentioned Symbols
USDJPY 37% | 3 XAUUSD 25% | 2 EURUSD 12% | 1 AUDNZD 12% | 1
Majaliwa Majaliwa XAUUSD, 120, Short ,
XAUUSD: GOLDUSD BEARISH WITH MOTIVE WAVE
28 0 1
XAUUSD, 120 Short
GOLDUSD BEARISH WITH MOTIVE WAVE

Seems like Gold is heading down to test the local support zone at wave 5.

Majaliwa Majaliwa AUDNZD, 60, Short ,
AUDNZD: AUDNZD Corrective ABC
21 0 4
AUDNZD, 60 Short
AUDNZD Corrective ABC

Seems the pair is tired and ready to make a bearish move.

Majaliwa Majaliwa USDJPY, 60, Long ,
USDJPY: USDJPY to wave 5 then corrective ABC
49 0 5
USDJPY, 60 Long
USDJPY to wave 5 then corrective ABC

With fundamental news still not compelling may be we can look for wave 5 and corrective ABC.

Majaliwa Majaliwa XAUUSD, 240, Short ,
XAUUSD: Could Gold produce corrective wave ABC ?
44 0 4
XAUUSD, 240 Short
Could Gold produce corrective wave ABC ?

Simple analysis with Elliott wave to see if Gold can produce wave ABC as a local corrective to its long bullish trend.

Majaliwa Majaliwa USDJPY, 60,
USDJPY: USDJPY still in deadlock.
20 0 3
USDJPY, 60
USDJPY still in deadlock.

Hope some news from US might move the pair from this deadlock.

Majaliwa Majaliwa EURUSD, D,
EURUSD: My Funnel and Channel with EURUSD
66 0 5
EURUSD, D
My Funnel and Channel with EURUSD

We can check what price action will do when touch the channel zone. If it will print the bearish signal then we will know market will go to test the support zone (Bearish) If the market breakout at the channel zone then we should consider the Bullish rally with respect to channel shape.

Majaliwa Majaliwa GBPUSD, D, Long ,
GBPUSD: GBPUSD local bullish rally
59 0 5
GBPUSD, D Long
GBPUSD local bullish rally

From my 1 Day chart simple analysis i see the bullish rally to this pair before the next week fundamental news from both UK and US - First target 1.4315 which is about 93 #Pips - Second target 1.4400 which is about 178 #Pips Since on 7th March we don't expect any significant news from UK which can move this pair, we will pay attention to some few average news ...

Majaliwa Majaliwa USDJPY, 240, Long ,
USDJPY: USD/JPY go long
28 0 2
USDJPY, 240 Long
USD/JPY go long

Take long position and close it when price hit 114.277 then if price break out wait for the last kiss then go long.

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