As you can see in the chart third wave has been done and a counter trend is started (wave 4). C point shows where the wave 4 will be finished. I think it still is early to finish wave 4 and we should wait for now.
Then at the end of the correction we can set up a long position in AUDUSD.
Based in my previous prediction EURUSD fell down and It received to a support zone. The question is, will it be rejected by support zone or not?
On the other hand I've put 3 EMA indicator (200,100 and 50 period) and Price broke the EMA 200. In addition we can see the EMA 50 crossed down EMA 100, so I think downtrend is still continuing.
USDJPY (1H): After five impulsive wave ,it seems the correction wave is going to be done and we can wait for an up trend.
So it can be good opportunity to take a long position.
As you can see, I draw fibonacci retracement and projection to find high potential zone to reverse.
I'll be glad to know your opinion.
As you can see in the chart, based on Elliot theory the ABC pattern is completing. I expect the current down trend reverse at one of the PRZs I draw.
After getting sure about the reversal, we can take a long position.
I showed target level by a green rectangle in the chart.
EURCHF (4H chart):
In the current cycle 5 impulsive wave have been done. We have a corrective downtrend. 3 PRZ is drawn that are high potential zone to reverse (end of the correction).
On the other hand I can see a head and shoulder pattern. If it break down the neck line, head and shoulder pattern will be completed and downtrend will continued till PRZ 3 (number...