EURJPY has made a bullish break of a small channel , exiting over the last year. If the larger mulit year channel structure still exits , then Euro will beat Yen hand over fist , with targets of 140, 150 and clear air till 1.70. The majority presently are short EURO big time , against the DOLLAR and YEN. A contrarian sentiment would consider this possibility.
Consider a possibility the Kiwi is in a B wave correction. As such it will have 3 waves. Wave 1 is the pole. Wave 2 is the flag. Wave 3 to come is the measured move pole. Target price = .8500.
A potential scenario for gold, this one favouring the bears. The weekly time frame provides 2 long term averages 1. 100 MAV - 1217.54 2. 200 MAV - 1233.45 So price over the long term is very close to its average , and maybe there is further room for the current price to correct down to the mean. Wave wise 1. Corrective Primary wave 4 ended in Dec...
This is just a possible count , there would be alternatives for sure. 1. Primary wave 4 2. Intermediate wave C 3. Minor wave 3 4. Minute wave 3 Price projected for completion of intermediate wave c and Primary wave 4 is a fib 1.27 extension of intermediate wave A ( commonly between 1 and 1.27 fib) .
He is a possible long term look at the Aussie with Elliott and Fibonacci. It is not for trading, it is a framework of price movement from recent years and possible future path ( one of many !) .
So the wave count for bitcoin is as follows 1. Primary wave 3 2. Intermediate wave 4 3. Minor wave C 4. Minute wave 3 The projections for wave 3 is 1.618 of wave 1 minute. Wave 4 is .382 retracement of wave 3 minute . The completion of minute wave 5, Minor wave c and Intermediate wave 4 is on an equal legs projection of minor wave A.
My wave count for this pair is as follows 1. Primary Wave 5 2. Intermediate wave 3 3. Minor wave 3 A key price point is 1.0230. A break of this hard and fast will see price move to parity and below.
The EURO has been in a long term ABC correction. Possible wave count could be 1. Primary wave C 2. Intermediate wave 4 3. Minor wave a 4. Minuette wave 4. Price movement based on Elliot structure with conservative Fibonacci would be Euro rollercoaster of 1.10 to 1.14 to 1.08 to 1.20..... :)
For those who like to be spatially aware of price Possibly the pound is in a long term downtrend at wave structure 1. Primary Wave 3 2. Intermediate Wave 4 ( Zig Zag) 3. Minor Wave C 4. Minutte Wave 4 The recent political instability and Brexit issues will weigh on the Pound. Technically a correction of Minutte wave 3 would likely pass to the .50 - .618...