for bears they count it corrective for bulls they see it as leading diagonal which way? you decide ;) to me both still possible but I look at what is obvious now and hence choose the bears, lets see how it progress next week
Strong fall will confirm bearish view, good luck bulls
Clear 5 waves up and corrective waves down, we now expect powerful move up strong buy indeed, low risk high reward trade, love it
too early to know, bulls are in control now but if we see weakness or strong reversal, then it will rise the view that this could just be a 3-3-5 flat waiting for opportunities, good luck
if this don't extend further up strongly, do expect a much deeper fall
Daily waves suggest top could be in previously and we shall find out soon (lower time frame suggest another top is possible) Perhaps market is waiting for NFP to decide if another top is coming or it is time for a bigger move down Good luck
alternate count still suggest it is still possible to be in a correction although many view it as the start of wave 3 drop
the current move may still be part of a correction before another surge higher to complete it so be careful as it is still very early in the wave formation
should be a low risk big return trade, GL!
although majority of wavers count the move up as completed and eurusd is looking for new low I suspect there could be a chance that they will be stop out before it go for another low
If price can stay above 1.234 then bulls have another chance for new high as current waves "still' look corrective
Although I prefer to see dollar weakness, cannot ignore what the waves are telling me at this point of time This could just be an ending diagonal and if so, there will be new low for USD Else very strong USD will emerge these few days
Same as gbpusd, the waves is matured and mid term is bearish The entire move up is either wave 1 or C, if wave 1 then after correction we see a burst higher where if wave C new low is coming Either case, short term should see at least 50-62% move lower
unless we see a very strong push higher, frankly the waves do not look that good for the bulls mid term lets see how it play out
Same as GbpUsd, waves are maturing and a reversal could be coming careful and not be affected by news such as weak usd is good Waves win news most of the time, good luck
wave count suggest the cycle is mature and a short to long term correction down cannot be rule out careful and do not be drawn into the trap a strong rejection or move down will confirm this idea
Most traders are looking for new high on usdjpy, for me I am looking for new low to complete the moves lets see how it goes in a couple of months time