steves_c

steves_c

An ABC Zigzag is forming to target the daily fibonacci speed fan, I like the shape and target the formation has taken nice clean waves. I'm also building a rule into my trading plan, that I only trade in the direction of the closest fibonacci trend line as it seem that it has magnet tendencies and attracts price regardless of elliot wave shapes.

steves_c

I've been waiting for this trade since Friday, as it's been hovering at the 23% retracement zone teasing me. Again Maybe, I'm a little early not waiting on the pullback but with the shape of the first wave looks like C has begun. This analysis is an ABC Zig Zag or wave 2 of 3. I'm never really quite sure with the currency market between the two.

steves_c

The Yen is always so difficult to trade, I find the clues of Elliot Wave are hidden and take much longer to find than normal paris. My analysis is an ABC ZigZag, the C is starting at 50% of the A so my fibo extension is 100% of A, taking my target to the speed fan on a larger time frame.

steves_c

A horrible correction for B, but it has a nice impulsive waves down that look strong enough to take us past key levels of the previous move. My analysis is this an ABC ZigZag to the Fibonacci Trend line. Recently, I've also been inverting the scale to try and lose a bias and it's helping so much to see just how impulsive the waves is.

steves_c

An ABC ZigZag down to the fibonacci speed fan. I feel like I'm a little early and haven't waited for the retracement on the 1-15min timeframe of the C, however it looks so naturally sharp that I getting in vs the previous move.

steves_c

An ABC flat to touch the daily fibo trend line

steves_c

An ABC ZigZag targeting the daily fibonacci speed fan. The fibo extension doesn't quite reach the fibo, so i'll be keeping an eye on this if it starts to approach the trend line.

steves_c

An ABC ZigZag bouncing off 38% fibonacci means the target is likely 1.161% of the shape. Let's see if price can break the previous highs.

steves_c

A reaction off the 38% fibonacci on the 4hr time frame gives me an indication this is an ABC zigzag and this is the beginning of the impulsive waves. With the fibonacci trend line in sight, I'm always aware price is attracted to it so, we're in good shape to take the trade to TP.

steves_c

A bearish move to the downside, this ABC is targeting the daily fibonacci speed fan.

steves_c

An ABC ZigZag short to hit the daily fibo speed fan

steves_c

A strong reaction of the 38% fibo offering a long entry and a take profit of the next fibo speed fan. Analysis in terms of elliott waves is an ABC ZigZag long. Stop is at invalidation level

steves_c

It's been a while since i've managed to put on a trade as I've found it difficult to identify clean waves. So I'm dropping a couple of rules on the lowertimframes and trading on 15min as a the lowest confirmation. I'm still using the 1min to identify clean impulsive waves just not looking for 5 waves as such. This move is targeting the fibo fan as an ABC.

steves_c

An ABC ZigZag with a target of the lowest low or daily fibonacci fan. The C with analysis on a lower time frame has started. 1min & 15min are showing 5 clear impulsive waves short. With the C starting a 38% fibo retracement im targeting the low using the fibo extension of this move so the distance it should travel is 1.61% from the start of A.

steves_c

A strong reaction of the 38% fibo (yellow line) to form the start of an ABC zigzag. Target is set at the daily fibonacci speed fan however there is potential resistance about 30pips above the previous high so I'll be watching this carefully as it hits it. Stop loss is at invalidation level of theory.

steves_c

Deploying Pivot points for entries.

steves_c

Riding an ABC correction down the daily fibonacci speed fan, with the fibo as my target. There are no support or resistance fibo trend lines so this pair should give me a results either way fairly quickly in volatile market.

steves_c

It's been so long since this pairs has had impulsive waves to ride and finally it's bullish so I'm going long. A nice ABC or 1,2,3 at this stage. I believe this could hit the daily fibonacci speed fan at an extended fibo of 161% but I'm not planning on holding for that long, so best to play safe and put my take profit at 100% fibo extension which is a previous...