jdemunter

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Joined Belgium JDemunter
Markets Allocation
83 % forex 17 % other
Top Mentioned Symbols
FX:EURUSD 41% | 26 FX_IDC:EURUSD 15% | 10 USOIL 11% | 7 USDJPY 11% | 7
jdemunter jdemunter USOIL, D, Long ,
USOIL: US Oil
111 0 6
USOIL, D Long
US Oil

Looking for oil to move up to complete a corrective pattern around 64$.

jdemunter jdemunter EURUSD, D, Long ,
EURUSD: Eur/Usd : Still Bullish
234 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,
USOIL: Oil triangle possibility
126 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,
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 ,
EURUSD: Eur/Usd : Bullish triangle
169 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 ,
USDCAD: Usd/Cad : Ready to turn
204 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 ,
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 ,
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 ,
GBPUSD: Gbp/Usd : Bottom?
216 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 ,
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 ,
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 ,
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 ,
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 ,
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 ,
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 ,
EURUSD: Eur/Usd : Ready to attack the highs
80 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 ,
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 ,
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.

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