fxmillions

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Last visit Joined 2 years ago Italy fx_millions tradepips.com
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Markets Allocation
97 % forex 3 % other
Top Mentioned Symbols
EURUSD 14% | 11 GBPUSD 12% | 9 USDCAD 8% | 6 AUDUSD 6% | 5
fxmillions fxmillions GBPJPY, D, Short , 6 months ago
GBPJPY: Cable has more downside left - But a correction is on the way
179 0 4
GBPJPY, D Short
Cable has more downside left - But a correction is on the way

This is the expecatation for GBPUSD. The correction drawn in a blue squiggly is just for illustration. It could be any pattern, but I expect it to reach the outer boundary of the overall trend channel.

fxmillions fxmillions USOIL, D, Short , 6 months ago
USOIL: OIL WXY correction over or will it come down for the Z wave?
234 2 10
USOIL, D Short
OIL WXY correction over or will it come down for the Z wave?

USOIL Daily chart is at a critical point as it reaches the 61.8% Fib retracement of the correction so far. The important thing to note is if the WXY correction is complete and if bullish momentum dies at the trendline, we might get the Z wave. On the other hand if price breaks out of the corrective structure with conviction, then it will be a bullish impulse. Of ...

fxmillions fxmillions EURAUD, W, Long , 6 months ago
EURAUD: EURAUD  where will be the B wave termination? Long-term forecast
62 0 9
EURAUD, W Long
EURAUD where will be the B wave termination? Long-term forecast

B wave has 2 possibilities. ABCDE Triangle and a simple ABC ZigZag. Looking at the sentiment of other EUR pairs ABC ZigZag seems more likely. Only time will tell. Nevertheless there is plenty of time before the C wave starts. Short term sharp movements to both sides are a possibility in these conditions.

fxmillions fxmillions EURJPY, D, Short , 6 months ago
EURJPY: EURJPY in a prolonged correction with an oversized C wave
103 0 9
EURJPY, D Short
EURJPY in a prolonged correction with an oversized C wave

The big bullish impulse is anticipated for a long time. But it seems there is more downside before it happens.

fxmillions fxmillions EURNZD, D, Long , 6 months ago
EURNZD: EURNZD - Long term outlook
70 0 5
EURNZD, D Long
EURNZD - Long term outlook

This is a daily chart. So the forecast covers few months to come and beyond. There is a lot left in the correction and it is far from over.

fxmillions fxmillions EURGBP, W, Long , 6 months ago
EURGBP: EURGBP - Next couple of years sorted
66 0 8
EURGBP, W Long
EURGBP - Next couple of years sorted

It may not seem much. But here is the forecast till the end of 2017.

fxmillions fxmillions EURUSD, 240, Short , 6 months ago
EURUSD: EURUSD short. Awaiting breakout to sell
134 0 7
EURUSD, 240 Short
EURUSD short. Awaiting breakout to sell

Pullbacks and short-term corrections marked on the chart in blue are for illustration purpose only. They hold no significance in terms of price or time. Read EURUSD weekly outlook 15th – 19th August 2016 for complete details.

fxmillions fxmillions XAUUSD, 240, Short , 6 months ago
XAUUSD: Gold is a sell
202 0 7
XAUUSD, 240 Short
Gold is a sell

Gold is in the C wave of an ABC correction. Obviously long term view is for the upside, but not before it reaches the lows - at least 1300.00 Learn basics of Elliott wave principle

fxmillions fxmillions USDCAD, 240, Short , 6 months ago
USDCAD: What's up next a ZigZag, Flat or Triangle?
150 0 9
USDCAD, 240 Short
What's up next a ZigZag, Flat or Triangle?

This is my preferred count for USDCAD - obviously expecting a Flat to complete the triple-three C wave. I say preferred because there is a possibility of an ending diagonal (replacing the overall WXYXZ structure) as the Y wave of Cycle degree. Learn more about Elliott waves

fxmillions fxmillions NZDUSD, 240, Short , 6 months ago
NZDUSD: NZDUSD - set to go down...
62 0 6
NZDUSD, 240 Short
NZDUSD - set to go down...

we have concluded the ongoing bullish wave to be a wave C instead of a wave 3 of a larger impulse. So there may be a breakout to the down side. Trade with care cos its NFP Friday Trade Pips

fxmillions fxmillions GBPUSD, 60, Long , 7 months ago
GBPUSD: GBPUSD enters the 4th wave of the Cycle degree
183 0 9
GBPUSD, 60 Long
GBPUSD enters the 4th wave of the Cycle degree

If you must trade the cable next week, look for buy opportunities. I say if you must because, the ATR is in the rise and 14 day period ATR of the H4 stands at 200 pips. So be protective and expect big moves back and forth. If you can get this trade, it will easily cover 300 to 500 pips. See my detailed explanation, analysis and forecast

fxmillions fxmillions GBPUSD, 60, Short , 7 months ago
GBPUSD: GBPUSD - Identical Elliott wave structure of the last weeks WXY
136 0 6
GBPUSD, 60 Short
GBPUSD - Identical Elliott wave structure of the last weeks WXY

Identical pattern of the WXY correction last week. Only smaller this time. Obviously the resulting impulse too will be shorter than the last weeks.

fxmillions fxmillions NZDUSD, D, Long , 7 months ago
NZDUSD: NZDUSD WXY double-three completed, 3rd wave in progress?
97 0 5
NZDUSD, D Long
NZDUSD WXY double-three completed, 3rd wave in progress?

Elliott wave WXY Double three combination seems to be completed with a ZigZag and a running flat. So is the 3rd wave in progress? Read the Elliott wave principle for more information about the WXY double three correction. very likely so. But awaiting a corrective 2nd or 4th wave in a lwer degree is a good idea. The direction is clear in terms of Elliott wave ...

fxmillions fxmillions USDCHF, W, Long , 7 months ago
USDCHF: USDCHF wave analysis on weekly chart
56 0 8
USDCHF, W Long
USDCHF wave analysis on weekly chart

USDCHF Elliott wave analysis on a weekly chart for longer term perspective.

fxmillions fxmillions USDJPY, W, Long , 7 months ago
USDJPY: USDJPY wave analysis on weekly chart
193 0 7
USDJPY, W Long
USDJPY wave analysis on weekly chart

USDJPY Elliott wave analysis on a weekly chart for longer term perspective.

fxmillions fxmillions USDCAD, D, Long , 7 months ago
USDCAD: USDCAD wave analysis on weekly chart
123 0 6
USDCAD, D Long
USDCAD wave analysis on weekly chart

USDCAD Elliott wave analysis on a weekly chart for longer term perspective.

fxmillions fxmillions GBPUSD, 60, Short , 7 months ago
GBPUSD: Possible WXY in the GBPUSD Hourly chart
162 0 7
GBPUSD, 60 Short
Possible WXY in the GBPUSD Hourly chart

Take a look at our GBPUSD wave analysis and forecast. This is of course a short term view of the GBPUSD. We were awaiting the completion of the 4th wave in a higher degree. Although our initial expectation of an ABC completion and the price target of 1.34000 levels has changed since todays break of the presumed B wave did not have enough stamina for a C wave ...

fxmillions fxmillions EURCAD, 240, Long , 8 months ago
EURCAD: EURCAD still in the B wave within the correction.
375 4 17
EURCAD, 240 Long
EURCAD still in the B wave within the correction.

Presumably an ABC corrective structure in the making, in which case we are currently in the B wave. I would keep an eye on lower time frames to catch the start of the impulse up.

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