Osei-Wusu

Osei-Wusu

eurgbp is at a key support level

Osei-Wusu

after forming a 5 wave falling diagonal, a breakout occured. however for any impulse wave, there is a retracement so for now we wait for price to retrace so that we can buy from there... apply risk management and my setup is invalid if price hit my stoploss

Osei-Wusu

eurnzd is in a complex wave iv correction. setup or count is invalid if price overlaps with wave i of 3.(region around my stoploss

Osei-Wusu

after an impulsive wave 1 of 3, market began the correction phase forming wave a , wave b and now in wave c to complete wave 2 of 3. count is voliated if price retraces 100% of wave 1 of 3(region around my stoploss).

Osei-Wusu

applying elliott waves and fibonacci , we can see wave (ii) has retraced 88.6% of wave (i). this is retracement is very common in wave 2. however count is invalid if wave (ii) retraces 100% of wave (i). if this happens i must look for an alternate count.

Osei-Wusu

elliott wave count on eurgbp. price is expected to move down to complete the wave e of the triangle B. after that, price is expected to move up hence completing the wave (c) of zigzag abc of the subdivision of wave B.

Osei-Wusu

In my previous analysis on gbpusd... supposedly wave iv overlaps with wave i meaning that wave cant be counted as wave iv and the previous impulse wave cant be counted as iii too. therefore new wave is an extension of wave III* of wave 3*.

Osei-Wusu

elliott wave count of gbpusd. count is invalid if wave iv overlaps wave i before making a new high(wave v)

Osei-Wusu

THIS IS THE UPDATED VERSION OF MY PREVIOUS ANALYSIS. WAVE 2 IS STILL IN PROGRESS( AN IRREGULAR FLAT CORRECTION). HOWEVER WAVE 2 CANNOT OVER 100% OF WAVE 1 WITH PRICE CURRENTLY AROUND THE 78%. EXIT THE BUY TRADE IF WAVE 2 RETRACES 100% OF WAVE 1. TECHNICAL TAKE PROFIT IS THE PERPENDICULAR DISTANCE BETWEEN THE WAVE E AND THE UPPER TREND LINE OF THE TRIANGLE ADDED TO...

Osei-Wusu Updated 

LOOKING TO BUY FROM WAVE C OR BUY IF PRICE REACHES A NEW HIGH(BREAK THROUGH WAVE 5)... THEREBY MAKING MINOR WAVE 5 A PRIMARY WAVE 1 WITH THE ABC BEING PRIMARY WAVE 2

Osei-Wusu

looking to bag some short profit from bullish nzdjpy

Osei-Wusu

ORDERBLOCKS AND LIQUIDITY

Osei-Wusu

sell for eurusd, gold and gbpusd buy for usdchf and usdjpy

Osei-Wusu

what i see here on the 1hr tf is a head and shoulder structure. if price breaks above my horizontal blue line with no sign of a rejection, then it means my setup is violated and the trade is no longer valid.

Osei-Wusu

wait for gbpusd to retrace and short it afterwards

Osei-Wusu

long gbpusd .. as dollar has become showing some weaknesses

Osei-Wusu

wait for market to retrace and then short the market really hard... lol

Osei-Wusu

gaps has been left in the market which needs to be filled... as the dollar index approaches a key price, retracement is likely to happen which means dollar is going to be weak for a while