I'm forecasting a move lower. The sub wave count shows a possible ending diagonal 5th wave which usually results in a swift sell off. Shorts are bias for sure. We should continue much higher after this sell off. Green line is TP. Stops are up to you!
NZDUSD seems to be ranging in a bullish triangle. I am expecting a lower move to finish the C wave of the triangle (Cycle B) then a swift rally for the D wave completion into another drop to complete the triangle at the E wave. I have marked the dates March 20-24 as the time to watch for that long. These dates were picked using Hurst Cycle analysis. 77 day trough...
Im using Hurst cycle analysis to find peaks and troughs and use that to filter Elliott wave counts. Hurst is expecting a major peak before a major trough were going to use that peak and trough knowledge to call when the market may turn lower for a wave C. Then we will use the trough to find a tight area to take longs for the Overall Wave C after lower Wave C has...
Expecting very large bullish moves as we finish our wave B/2 and head into wave C/3. Looking to enter longs in the .5-.618 area highlighted on the chart with a stop below the level of invalidation.
I have a very strong impulsive structure settuping here with incredibly strong RR. My objective is to pinpoint wave 2 end and enter a long for wave 3. Ill mark my entry with a trade active and close trade somewhere in the 114 to 115 range.
we should see Wave 3 start on USDJPY very soon. The pink line from high to high is to mark RSI divergence. RSI is making lower lows as price made a higher high. This is usually a sign of wave 2 end. Decent risk reward ratios and a high probability setup. BEST OF LUCK!
SHORT ON TREND LINE BREAK TO BE SAFE
This is such a free short. Also we should break out of this range after this wave down but for the sake of taking profit conservatively I would just close before structure near last swing low.
Abardini from Barter Capital