About meTrader since 25 years with EW on different time frames. EURUSD,USDCHF, USDJPY, GBPJPY, DAX30 only.
Trader depuis 25 ans et analyste vague d'elliott. Je trade et analyse uniquement EURUSD, USDCHF, USDJPY, GBPJPY, DAX30.
1.1480-1.1520 is the area where red wave 3 will end soon this week. Then we wil take 3-6 week - the summer - to develop red wave 4 targeting 1.1870-1.1970 area.
Interesting moment will be september - oktober 2018 with a stong red wave 5.
For the coming days week 13202 and 13601 resistance are major for the future development. We need to go down very fast and stay under this two resistance.
Then if we break dow support of 1250-12550 we have a great certitude to develop the scenario you see on the chart. Patience we will know rapidly now.
We are in wave II with a complex ABC - X - ABC - perhaps Im wrong but the target is 132 not speaking of the elliott wave development - For this reason GBPJPY is difficult to trade for the moment. Im waiting 135-132 zone to enter à long target 280 -300.