stanchiam

stanchiam

if top is in, we could see this keep sliding down till new low else another leg up after correction

stanchiam

price should shoot way higher, careful if you are short

stanchiam

price continue to slide down, may accelerate down if korea tension goes up so for now, usd continue to be favor for more downside at least until the 1 to 1 time is up

stanchiam

appear to be wxy, if so, dollar could continue the downtrend from here perhaps eurusd moving up from here too not cast in stone, good luck

stanchiam

back to the drawing board, plan did not work out and is extending lower however am still looking to reload long again for another test higher

stanchiam

the fall appears to be some kind of wxy waves hence, will continue to look for continuation higher towards 1.21x region

stanchiam

will we see another upside or the temporary top is already in as per higher wave count? hard to say at this stage but will give the advantage to the bulls as the move down look corrective for now if bulls break price above the channel, we may see it to continue upside toward 1.21-2 region

stanchiam

still missing a leg up, short term scalp for another test higher

stanchiam

until we see clear 5 wave up, dxy will continue to be under stress so far this is 3 waves up, still a probability another low coming

stanchiam

testing, hopefully it work for at least 1.21

stanchiam Updated 

oh well, we just have to wait for bulls to finish their business once we see 5 waves down on the lower time frame, then we can think of shorting it

stanchiam

long term support broke and not it can slide further down hence we will not rule out eurusd may test 1.215-1.22 before correction

stanchiam

it is possible that leg up ended the wave 5 however I prefer the count that wave 4 is a larger triangle and hence another leg up around Oct to end wave 5

stanchiam

eu should resume its leg down to complete wave c of c or e (triangle) good luck

stanchiam

not cast in stone but there is a probability that the bulls and bears will fight it out really hard until finally we see bears giving up for the final leg up plenty of opportunity to go both long and short if this is indeed the case we shall find out

stanchiam

deja vu? high possibility we will see a similar wave 4 of a complex triangle plenty of chaotic moves expected, good luck trading it and going to scalp it no doubt

stanchiam

should drop before higher if nfp better than expected, than we shall see the mother of all waves (up)

stanchiam

could be either way for now