look for corrections on 4 hour 1 hour to buy another one may start at .618 if one appears target previous top then 1-1 and 1.236 extension
Audnzd back at weekly trendline will start to look for buy setups 4 hour and 1 hour whole move counted as double zigzag (wxy) with flat for x wave
If gbp falls from here i think we can expect a zigzag for z or hopefully a triangle which will give the price action a curved half moon look and an easy buy set up please see the previous wxy and curved half moon appearance of the price action in between the 2 corrections i count 12 - extended 3 -- 4 - and truncated 5th that is the only way I can justify my wxy...
still bullish on gbp for now -- on aud and nzd not even managed 38% weekly retracement just about to manage 50% on cad buy and sell what you like this is just an idea.
Bullish wave count for gbp -- other counts are possible - this is just a thought
the 4 hour divergence on euro what to look for using elliott wave ( on 1h and 15 minutes) ending diagonal warns of reversal ( only to that specific time frame ) if you get an ending diagonal on 1 hour and then on 15 minutes as well the fall should be compounded if you can learn this sl can be very minimal and support and resistance levels can be an addition...
possible zigzag with ending diagonal for c wave gl
A few option on eurnzd others exist Option 1 wave 4 higher degree is complete and you can see 4 hour wave count for a leading diagonal in this option it is wave 1 of wave 5 wave 2 complete and wave 3 of 5 has started. option 2 wave 4 is not complete wave a is a leading diagonal of zigzag with wave b being complete and c is in progress with more downside to...
I think possibly one more down on gbp to complete a zigzag if count is correct I also do not have the rsi pattern i like to confirm a buy yet -- please see gbpcad (similar complete pattern to the upside)
A few possible elliott counts --- I favour the expanded flat for wave 4 right now and we go and break the top- but the second chart is an option that we have had wave 5 and we just had (a) down waiting for a (b) for further downside or a longer more complex wxy or triangle i suppose could happen but that would look oddly large compared to the rest of the...
potential wave count -- like eurusd -- if correction comes could enter the price area of wave 4 of higher degree if this count is correct
Possible wave count for both -- potential wave 5 of 5 with a correction into price rage of wave 4 to come -- just an idea not a trade setup
I think this has potential to get to 1.56 If it continues 3 wave moves Just an Idea trade what you want there will be longs and shorts along the way - i just think this is the direction for now
Still reacting on fib levels -- if action is weak again look for 1.618