Hi Guys, here's a view on GBPAUD where I believe that from a 70.70 % retracement level around 1.84955 we have a good chance to go down to an extension of 1.272 to around 1.72000 area. 900+ pips possible. Good Luck.
AUDJPY would have to fall a little lower to around 71.287 which would be the 70.70 % retracement of the recent upward movement. From there we might rise to 75.731, which would be the 1.272 extension of the same leg. After that ,with hopefully a win of 440+ pips, there might be a chance for a fall back to 69.210 which would be the 1.118 extension of the recent...
This is pretty nice. :-) I see a chance to LONG to 0.67769 which is (only) around 90 pips, followed by a SHORT to 0.65984 which could be 175 pips and then the huuuuge LONG to 0.6934 which would be around 340 pips. Good Luck.
As far as I see this pair, there is a good chance that we are going up to around 0.90782 which would be the 1.272 extension of the A leg, forming the C leg to then drop back to 0.87992. This would be the 1.118 extension of the last drop. Good Luck.
This is a tricky one and I might totally be wrong about it BUT I think that there is a chance that AUDUSD will go back up to 0.69615, being the 70.70 % retracement of the last bigger downmove.
After that it might go down to 0.65587 which would be the 1.272 extension of the last bigger downmove. This making the final drop before a major rise up up up. Good Luck!
Starting from 0.91876 in Feb 2018 and ending at 1.02369 in Apr 2019 it has made a move down to 0.96598 ending in Aug 2019.
After a retracement of 61.8 % in Oct 2019 it should go further down to 0.95028 which is the 1.272 extension of the downmove. Good Luck.
The drop from January this year has been retraced to 61.80 % level now and in my opinion there is a good chance that EURAUD will come back to 1.544, followed by a huge upward movement later on.
This target might at least be 1.735 being the 127.20 % extension of the bigger Impulse that had started in February 2017.
I believe that AUDCAD will have another leg up to 61,8 % retracement which would be around 0.95997 to then develop a huuuuuuge drop to the 27,2 % extension of the bigger structure which will be around 0.91912. Trade with care and good luck!
I think that NZDUSD could come back to the 78,60 % rectracement (0.65410) of the A leg which originally started in Oct 18.
It coul finish to build the B leg of the major ABC correction and would also be the c leg of the minor abc correction.
The following move could then be a big push upwards to the 127,2 % Extension of the major A leg to 0.71176 or even higher to...
As far as I see we are in the middle of a smaller b wave within an abc pattern forming a bigger b wave ending around 96,01 (61,8% of the bigger a wave).
From there it might be a good idea to short again to at least 93,74 (27,2% ext. of the bigger a wave) or even down to 92,85 (61,8% ext. of the bigger a wave)
completing the abc correction pattern and kick of the...
As far as I am concerned the next development for USDCAD might be a drop to around 1.28 which would then be equal to a retracement of around 50 %. As a consequence we might see an expansion to around 1.367 ( = 161.8 % ) all measured from the first leg upwards.
The copied bars pattern from the first leg would fit just perfectly fine into this measurement.
This is my very first analysis and I might be totally incorret about it but we all started at some point, right?! :-)
Constructive comments are very welcome!
Please note that this is NOT ELLIOTT WAVE THEORY or any other common theory it's only about comparing patterns, using Fibonacci and having imagination.
Labelling is therefore not aligned with official...
Pls. note that this is NOT ELLIOTT WAVE Theory but a mix of multiple tools like waves and Fibonacci and a bit of Imagination...
This is my very first trading idea and I might me totally incorrect about the future development but what I saw today doing the (W) analysis might be worth a consideration.
Constructive comments are very welcome. :-)
Let's get it...