EURUSD updated chart here. Looks like we have a large wave 1 and a small pullback for wave 2. Waiting on the rest to develop. Here is my current EURUSD view.
Taking a long here on the EURUSD . Target will be the upper trendline.
I hope everyone had a great weekend. Looks like the EURUSD is moving lower. Currently in wave 3. on the 15min chart.
Last chart for the week. EURUSD still has room to the downside. It's trying to complete that 5th wave down at the moment. It's Friday afternoon , I am not expecting much here into the end of the day. Enjoy the weekend .
As talked about in the previous post EURUSD did not want to go higher and decided to start moving down towards the lower sliding parallel . We are completing wave 3 on the way down at the moment. See what happens at the next sliding parallel .
We have had a nice move up from yesterdays lows. Currently in wave 4 and could move up to the top part of the sliding parallel in wave 5.
We have completed an ABC correction and now working on a wave 1. Looking to get long on a wave 2 retrace.
Could be looking at a 5 wave pattern to start the morning. Needs to hold the trend line and the previous low.
Last chart until the London open. Look what we built today! I do hope we were all able to get some pips out of today's move to the upside. We are moving into some monthly levels 2420-2460ish . Waiting for some waves to develop. Looks like we are going to start to work up this small orange channel in Asia.
We are moving on up. Looks like we are working on a bigger 3rd wave with support on the lower channel line.
Looks like EURUSD is getting ready to make another 5 wave pattern up up and away.
Looks like we are heading to complete wave 5. I expect an ABC correction after the completion of wave 5
BTCUSD is moving sideways down this beautiful downward sloping channel. Could see a third wave down to the bottom . It's not ready yet. I think we might see the top parallel before we see the bottom one.
We might see a 5 wave third wave here with an ABC correction for wave 4. On our way to the top of the channel for the completion of wave 5.
This could be the beginning of a 5 wave up move . We need to hold the bottom trend line. I will be using some sliding parallels to help guide is progression upwards .
Here is my take on the current wave situation on BTCUSD.
$BTCUSD moving down so far today. Here is the new channel and wave projections
$BTCUSD could be getting ready to start a 5 wave down move here. Looks to be in consolidation waiting for the next move down.