TradebyRik

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Markets Allocation
100 % forex
Top Mentioned Symbols
AUDUSD 25% | 3 EURUSD 16% | 2 GBPUSD 16% | 2 USDCHF 16% | 2
TradebyRik TradebyRik GBPUSD, W, Short ,
GBPUSD: 5th wave of GU
35 0 2
GBPUSD, W Short
5th wave of GU

As per my EW count, we are in the 5th wave of highest degree in the Monthly/Weekly TF. The 5th wave is subdivided into 5 waves of which we are in 3rd wave. The 3rd wave is about to competed by prices falling down to form the 5th of this 3rd wave.

TradebyRik TradebyRik EURUSD, 60, Short ,
EURUSD: SHORTING on the CYPHER
62 0 6
EURUSD, 60 Short
SHORTING on the CYPHER

I think the corrective wave ABC is over and together with nice looking possibility of a CYPHER formation, EU can go all the way to the bottom.

TradebyRik TradebyRik GBPUSD, 60, Long ,
GBPUSD: CANT GET BETTER THAN THIS
107 0 3
GBPUSD, 60 Long
CANT GET BETTER THAN THIS

PERFECT CYPHER FORMED, WITH NICE ELLIOT WAVE COUNTS. LOOKING FOR BIG 3RD WAVE MOVE UP

TradebyRik TradebyRik AUDUSD, 60, Long ,
AUDUSD: UPMOVE TO MAKE EED
81 0 9
AUDUSD, 60 Long
UPMOVE TO MAKE EED

My wave labelling on how i see it as 3 wave abc

TradebyRik TradebyRik GBPNZD, 240, Long ,
GBPNZD: GBPNZD - in corrective wave B of Wave 2 of larger downtrend.
36 0 3
GBPNZD, 240 Long
GBPNZD - in corrective wave B of Wave 2 of larger downtrend.

Prices looking to make 3 wave ABC downward move to complete the B wave and then to the upside for WAVE C. Can sell to the FIB level and then buy.

TradebyRik TradebyRik USDCHF, 240, Long ,
USDCHF: USDCHF - Counting subdivisions in large wave 3
19 0 3
USDCHF, 240 Long
USDCHF - Counting subdivisions in large wave 3

I will keep changing the 5 wave counts of each subdivision as the wave 3 progresses up.

TradebyRik TradebyRik USDCHF, 240, Long ,
USDCHF: USDCHF in action making final wave C of ABC correction.
14 0 3
USDCHF, 240 Long
USDCHF in action making final wave C of ABC correction.

AS per my EW wave count we are making the 3rd wave of the 5-wave C.

TradebyRik TradebyRik AUDUSD, D, Long ,
AUDUSD: AUDUSD going up in WAVE C of wave 4
32 0 3
AUDUSD, D Long
AUDUSD going up in WAVE C of wave 4

This is an updated wave count contrary to the earlier post .

TradebyRik TradebyRik AUDUSD, D, Long ,
AUDUSD: AUDUSD seems to be headed up in long term
21 0 2
AUDUSD, D Long
AUDUSD seems to be headed up in long term

AUDUSD seems to have bottomed at 78.6% FIB level of Wave Y. Starting of probable wave Z.

TradebyRik TradebyRik USDJPY, 240, Long ,
USDJPY: USD JPY likely to GO UP on medium term
276 3 7
USDJPY, 240 Long
USD JPY likely to GO UP on medium term

EW count shows the story. Arrow points to the turning points at FIB levels. Just my way of looking.

TradebyRik TradebyRik NZDUSD, D, Short ,
NZDUSD: Slight up move followed by DOWNSIDE
29 0 5
NZDUSD, D Short
Slight up move followed by DOWNSIDE

As per EW theory on channelling, the Corrective wave IV has a zig-zag pattern being formed has a c leg remaining to touch the upper TL thus completing wave IV. This will follow the Wave V upto the lower TL which is just about same length as Wave 1 (EW theory of equality).

TradebyRik TradebyRik EURUSD, 60, Short ,
EURUSD: BAT PATTERN forming on EU 60M
37 1 3
EURUSD, 60 Short
BAT PATTERN forming on EU 60M

Does it make sense?

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