jdemunter

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Last visit Joined 2 years ago Belgium JDemunter jdemunter.blogspot.com
Markets Allocation
84 % forex 16 % other
Top Mentioned Symbols
FX:EURUSD 41% | 26 FX_IDC:EURUSD 16% | 10 USOIL 11% | 7 USDJPY 11% | 7
jdemunter jdemunter EURUSD, D, Long , 2 months ago
EURUSD: Eur/Usd : Still Bullish
227 0 10
EURUSD, D Long
Eur/Usd : Still Bullish

The triangle count has been invalidated with the break of decembers '15 low of 1.05168. But the structure is still corrective, which means the price action from 1.17 is a big wave B or X. Wait for a break of 1.0690 for confirmation.

jdemunter jdemunter USOIL, D, 2 months ago
USOIL: Oil triangle possibility
125 0 9
USOIL, D
Oil triangle possibility

There's a possible triangle on crude oil where wave e is starting now, invalidation is at the wave (b) high.

jdemunter jdemunter EURJPY, W, 3 months ago
EURJPY: Eur/Jpy : One more low
76 0 10
EURJPY, W
Eur/Jpy : One more low

Expecting the downtrend to continue lower and test 107.

jdemunter jdemunter EURUSD, D, Long , 3 months ago
EURUSD: Eur/Usd : Bullish triangle
166 0 11
EURUSD, D Long
Eur/Usd : Bullish triangle

The euro fell deeper than I expected as the latest corrective wave transformed into a bigger one. I made small adjustments to the count but the idea stays the same for now. Only a break below 1.0516 will change the count even more. The reasons that I believe this is still a bullish triangle is that price is still in the range from early 2015 and wave C is the ...

jdemunter jdemunter USDCAD, D, Short , 3 months ago
USDCAD: Usd/Cad : Ready to turn
203 0 8
USDCAD, D Short
Usd/Cad : Ready to turn

From the 1.2460 low, price has been choppy with lots of overlapping waves. This is corrective price action. The corrective pattern here is a double three where the first (w) and third (y) wave are double threes aswell. The most common price relations between waves W and Y inside double three are 100% or 76.4%. In this case, both waves Y on 2 levels have the same ...

jdemunter jdemunter EURUSD, 240, Long , 3 months ago
EURUSD: Eur/Usd : Near support zone
170 0 4
EURUSD, 240 Long
Eur/Usd : Near support zone

I see current price action as a last leg in a double three correction. Price should dip below 1.0848 and reverse higher. In the previous chart i showed the pattern complete, but the pattern transformed into a bigger corrective wave with another leg. Nothing changed to the bigger picutre.

jdemunter jdemunter EURUSD, D, Long , 4 months ago
EURUSD: Eur/Usd : Bullish
211 0 10
EURUSD, D Long
Eur/Usd : Bullish

Looks like the euro is ready to go higher against the us dollar. The larger EW count has a bullish triangle alternative count (green labels). https://www.tradingview.com/x/sJqAry1k/ On the smaller timeframe we can see a nice flat where wave b is a triangle and wave c is 1.618 times the size of wave a. From this, a small 5 waves up can be counted but this is still ...

jdemunter jdemunter GBPUSD, W, Long , 4 months ago
GBPUSD: Gbp/Usd : Bottom?
214 2 7
GBPUSD, W Long
Gbp/Usd : Bottom?

On the weekly chart we can see that from the 1.72 top there are 7 waves down. 7 wave patterns are corrective. The EW corrective wave pattern here is a double three. Inside this double three, waves (W) and (Y) are double threes on their own. Interesting to see is that all waves Y ( on 2 different degrees ) are 76.4% of the waves W before them. Beware when you ...

jdemunter jdemunter EURUSD, 240, Long , 4 months ago
EURUSD: Eur/Usd : Triangle
35 0 1
EURUSD, 240 Long
Eur/Usd : Triangle

There is a triangle possibility for eurusd. This can still transform into another corrective wave but the direction will be the same. 1.1123 is the limit for the triangle count. Best of luck!

jdemunter jdemunter EURUSD, D, Long , 5 months ago
EURUSD: Eur/Usd : Still on track
70 3 6
EURUSD, D Long
Eur/Usd : Still on track

Not much is happening in this pair and it seems price will grind higher slowly to eventually reach 1.1768. As for the EW count there are several possibilities. The one presented is the double three (wxy) count. However, with all the internal wave structures being corrective waves on their own plus the range the pair has been in, a triangle cannot be excluded. ...

jdemunter jdemunter USDJPY, 240, Long , 5 months ago
USDJPY: Usd/Jpy : Looking for a break of the trendline (update)
72 1 4
USDJPY, 240 Long
Usd/Jpy : Looking for a break of the trendline (update)

Looks like the corrective wave wasn't complete and another leg was added inside wave Y of B(circle). I do not expect the low of 99.54 to be broken on the fed event later today.

jdemunter jdemunter USDJPY, 240, Long , 5 months ago
USDJPY: Usd/Jpy : Looking for a break of the trendline
74 1 5
USDJPY, 240 Long
Usd/Jpy : Looking for a break of the trendline

The BoJ event finished a double three corrective pattern in usdjpy and price is now ready to go higher. Look for a break of the trendline for confirmation of the uptrend which should eventually go above 104.30.

jdemunter jdemunter USOIL, D, Long , 6 months ago
USOIL: Oil going higher
165 2 10
USOIL, D Long
Oil going higher

The correction is over and higher prices are expected.

jdemunter jdemunter GBPJPY, 240, Long , 6 months ago
GBPJPY: Gbp/Jpy : End of correction
83 0 5
GBPJPY, 240 Long
Gbp/Jpy : End of correction

With the BoE sending gbp lower today, this might have been the last push lower needed for gbp to reverse higher against jpy.

jdemunter jdemunter EURUSD, D, Long , 8 months ago
EURUSD: Eur/Usd : Ready to attack the highs
79 0 4
EURUSD, D Long
Eur/Usd : Ready to attack the highs

Euro vs the US Dollar has been in a range for over a year now. Looks like EW suggests price is ready to test the high (even exceed) of the range.

jdemunter jdemunter USDJPY, W, Long , 8 months ago
USDJPY: Usd/Jpy : Ready to go higher
189 4 9
USDJPY, W Long
Usd/Jpy : Ready to go higher

The pattern from the top is complete and usdjpy is ready to go higher. 2 possibilities here are for the 125.57 high to be broken and the low is in place or the corrective pattern from the 125.57 high is not yet complete and will transform into a bigger corrective wave. The direction for the short term is the same. Good luck !

jdemunter jdemunter XAGUSD, D, Short , 10 months ago
XAGUSD: Xag/Usd : Topping
77 3 6
XAGUSD, D Short
Xag/Usd : Topping

Silver vs US dollar had a complex double three from the december '15 low which seems finished now.

jdemunter jdemunter USOIL, 240, Short , a year ago
USOIL: Oil to break the channel
123 0 5
USOIL, 240 Short
Oil to break the channel

The last count failed, so i adjusted the count for a bigger corrective wave. Not the most beautiful count but looking at the price action, a top could be forming.

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