Pip_Artist

Pip_Artist

68K = Target using multi-timeframe wave counts 34K = 50% Retracement (MIDDLE GROUND)

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LOW 1.87 - Wave 4 (Orange) HIGH 1.89 - Wave 5 (Orange)

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My levels of interest for the week on varying timeframes. May or may not be useful to somebody else.

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Possible Trend Channel and Wave Count for the next move up (pink). Check linked chart for bigger picture.

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Multi timeframe waves terminating around 69k. ABC retracement of 50% comes in at 42k (red)

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Some visualizations to help my trading bias for the week ahead.

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IDEA 1 Wave 1 - Extended (50% of rally) Wave 2 - Shallow (0.236%) Wave 3 - 100% Wave 4 - 50% Wave 5 - 0.618% ABC - 50% IDEA 2 Wave 1 - Impulse (0.382% of rally) Wave 2 - Shallow (0.236%) Wave 3 - 1.618% - Extended Wave 4 - 50% Wave 5 - 0.618% ABC - 50%

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Longer term forecast with 2 possible (OVERALL BULLISH) routes heading into the coming months.

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OVERALL BIAS = BULL 1. UP TO 1.97-1.98 2. UP TO 1.95 (FAVE) 3. DOWN TO 1.89 4. DOWN TO 1.865

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If some bearish divergence shows up on the daily chart we could see some downside to 30k where I'm sure a LOT of interest will be waiting. ================== Please take it with a pinch of salt as we all know that ANYTHING CAN HAPPEN.

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Looking for shorts today, pushing deep down to 1.85.

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Two possible routes for Intraday shorts during 6th Jan 2021

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Possible Shorts for Tuesday (UK)

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Big guys have to fill

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If it shows up, I'll take it for a 2R.

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ABC correction down to Weekly Demand area. Confluence with 0.618 Fib, ABCD 1.0 and 1.23 handle

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ABC correction down to Monthly Demand area (navy). Convergence of 61.8Fib, 1.618 ABCD and 1.10 handle to firm up area further.

Pip_Artist

Short term short. Long term Long