On Friday, the bearish of USD made G/J effects too. It break new low and i think it is the wave 3. The first TP is 129.5 second is support line around 128.5. But i trade with EUR/USD pair that TP my trade too, But it is the short TP because it is go strong down trend with wave 3 too.... ;/
I saw the triangle pattern on last week. but it corrective for a long time. So i watch other pairs, Now on Friday, it fell and i miss it. Congratulation for SELL person.
Now it is move to the triangle pattern, i think , from the Eliiott wave, it should go down for wave-C. But if it can break triangle, it will move with the big upside. Waiting confirmation tonight.
The US dollar, has a news for FED meeting tonight. NZDUSD, it meet the resistant and fell down, need confirmation about price. But, i think FED will not increase the rate. So it's better that should trailing stop for protect profit, or closed SELL before news launch.
TF 15 minutes I see the harmonic pattern and impulse 5 wave down, So bet on the butterfly
As see in the chart, it break out the previos low (0.7260). SELL and (if i has a chance, i will SELL after it Lower point A) TP first is 100% (AB=CD) let profit run to TP 161.8%for the 3-C wave pattern for my view.
After breakout 1345, I think it is the correction of C wave., The first TP is 1335 (as i locked profit already) and the second is 161.8% is 1311. It is still downside, no reversal happen.
Here is my plan: If it is a 1-2-3 of Wave 5, waiting to confirm for break previous high to first TP, 18.9957 If it is a A-B-C , It will B.O. soon and go down at least bottom of W4. (18,6)
Here is the Elliott Wave plan. Please see and take your plan During Brexit period, i'm no trade so it is took a long time for space. I read more books and studied about elliott wave in depth. Now i am reading the Trading Chaos (Bill William) for relation about his technic and elliott wave. Thank you.
Hi everyone I travelled around one week and got new jobs, so no update about graph for a long time. Let's see what's going on Yesterday it a big move up to 161.xx (and until now) From daily view, it has a major resistant zone around 162.xx. (please be careful) If it can break up, we will see the reversal uptrend. I think this week it can go to 162 and then...
I will waiting for what 's happen next about Gold, It is a sideway But in the big picture, it acts like a flag pattern. Bias Long for me but will go down before up.
ANALYSIS It is meet at the resistant line 3 times. RSI divergence, so i think it will move down. From E Wave, it will form the impulse wave 1-2-3-4-5 done.
PLAN TP = 1.49-1.50 (fibo 161.8, Day) From every timeframe, it shows up that it is very bullish. follow buy or buy on dips.
The Fibo Clustering of Big 1-2-3 and small 1-2-3 around 163.5 and 164.5 Who has position, please wait and trailing stop. (or exit before BOJ announcing) Who don't have, trade in the shorter TF. Cheers
GBPUSD: Daily Chart It is the 3rd wave (3-3), So it can trade with easily set up. Buy anywhere with cool RR.
PLAN Next week Watch out this price if it can break TL and go down It will end the impulse uptrend and going to downtrend. I will wait for break TL (Buy1) and, maybe, it will TB to meet TL again (Buy2).
CHF is up to the gold. So gold price is down, this fx is going up. My tp is 1.0020, stop loss is 0.9895
If it can break 162, it will change to uptrend,,, or go down if it cannot.