abdul5577

abdul5577

long term forecast

abdul5577

This is an update for my analysis of this pair. we already toched the lower line of the channel and priced bounce back. however we might have another led to downside before reversal

abdul5577 Updated 

The long term forecast of this pair is bullish and expect to go beyond 124.however a new low expected and favored before this move.The buy set up is shown in the chart and an update will be published

abdul5577

I think we are approaching a buy area for this pair. As illustrated in the chart the two possible scenarios of the underlying correction indicate that the pair soon will hed north. however each scenrio has it is own entree, stop and target points which i will show in the next update

abdul5577

There is a chance that we are completing a tringle and it will be good idea to sell nearby the uppper line. the breach of point c high of 1.27 will invalidate this scenario count. Alternative count is also provided in the chart along with the its sell set up. good luck

abdul5577

i expect so

abdul5577 Updated 

elliott wave analysis suggesting triangle correction,currently approaching wave D and to target upper limit of the triangle to complete the structure at wave E

abdul5577

shown are 2 senarios of elliott wave counts for the current correction

abdul5577

The current correction might be formed as triangle . In case of the price breach 1.4035 we will be looking for WXY correction

abdul5577

we might target higher top 1.37 ~1.38 to complete wave (z)( if not yet completed) of the triple correction then agreat sell expected from there

abdul5577

Sell if break the orange line. Target 400+

abdul5577 Updated 

We are approaching the end of wave Y correction

abdul5577

breaking the orange channel will suggest direction. breaking yellow line will strengthen the chance to target the shown goals

abdul5577 Updated 

sell the breakout of the supporting trend

abdul5577

buy the cad at shown level

abdul5577

wave counts and expected moves.

abdul5577

long to target 52 level before turning to down to reach 25

abdul5577

this count suggest upward direction to complete five waves