Hello there! My favorite chart pattern - bear flag has been shaped on the monthly chart. This idea confirms the GBPNZD long idea. Best wishes!
Hi there! Break down on 4H charts could signal the end of first upside move. I put the zigzag down to the broken trend line to illustrate possible pullback. Keep patience. Best wishes!
Hi there! EURUSD broke below support and made a pullback. Good to sell for 1.618 in wave C @ 1.1030 (right above the daily support line) Best!
Hello there! SEK is the component of Dollar index (DXY) and has similar chart. It is good to buy on break of white resistance line. Best!
Hi there! I love yen for clean charts. It moved very accurately within a channel of flat correction. Its good to sell on break down of support. Risk is above yesterday high. Best wishes!
Hi hi! Price is squeezed between support and channel resistance. Once green corrective wave B is over we will see break up of the trend. If green (C) equals to green (A) then we can reach 2.8 Let's see! Best wishes!
Hi all! Fresh day - fresh thoughts! Yesterday I was breaking my head if we have been done already. Today I offer you recast of wave count. The downtrend is still in the game. Watch invalidation levels. Target $50-51 area where small C = small A in wave 4 up = wave 4 of lesser degree - ideal combination. Then 5 waves down to $26 minimum or lower. Best wishes!
Hi there! Brent should do last micro wave up to finish this prolonged corrective wave 4 up. Then we can see further dip down at least to previous low area. Invalidation above 46.39. Best!
Hi there! Last large impulse up is underway. Target 1 = 0.618 of waves 1-3 = 141 Target 2 = 100% of waves 1-3 = 171 Best!
Hello there! Looks like we are steps away to break up the resistance for the long streak up! Best!
Hi there! Today I was thinking of the pair which reflects the strength of the Dollar and commodities (rising Oil drags Copper and others) and I came to EURAUD chart. (BTW EURCAD idea already paid well) EURUSD is in downtrend still and DXY is going to reverse higher. AUDUSD still up on rising Copper. So even fundamentally the EURAUD is huge negative. Look at the...
Hi there! EURGBP almost reached the upside of downtrend. We got first move down and consolidation in triangle. It's a good confirmation of trend reversal. 10 big figures can be booked from the short trade. Enjoy!
Hello there! USoil broke above the low of proposed wave 1 invalidating the previous daily chart count. It also broke above the white resistance line. We are in historic moment of possible dramatic change of the market. If we really finished - then get ready for a long move upside (green lines). Another option is that we just finished subwave (a) and now in...
Hello there! This is to remind the global map for the pair. Hope you will find it useful. Look how accurate works the trend and it's midline which once rejected the price already. If EURUSD can't move above 1.15 then the structure will shape descending triangle. Trend is still down. Target 1 = C=A = 1.0283 Target 2 = Downside of the trend = 0.95 Target 3 = C =...
Hi there! EURCAD is in a last large wave (C) down. We can reach even below parity if yellow C=1.272 of yellow A. The move would accelerate below 1.3000 Best!
Hello there! We can reach 147 (small trend) or 144 (large trend) downsides. Then reversal if count is good. Best!
Hi there! Ruble's strength is temporary and is going to finish very soon. We are in a last wave down. Its good to buy break up of yellow resistance line. Minimum target for wave 5 is 85.95 level (wave 3 high). Enjoy!
Hello there! Crude oil broke above previous high eliminating idea of 1-2 down. Situation is very serious as we were 55 cents off the low in wave 1. Break up would invalidate the count. But I am optimistic about the count as if it would be an impulse up it should have different structure. Here we have corrective structure with many overlaps, especially in the...