This is an update for my preivous charts: I'm still looking for a low in this pair. The market is showing a 5 waves decline on short term charts. This could also be wave 1 within an extended wave 5. The structure of the next move will decide if a bottom is in place. Follow all my demo trades at www.myfxbook.com Good luck!
This is a follow up for this idea: We only got a recovery last time out, let's see if we get a reversal this time. Stops should be placed below .7770. Follow all my demo trades at www.myfxbook.com Good luck!
Last year we put in the proposed wave B (25-03-2013) , and since then the market has been rallying in a complex structure. The three last weeks price action has formed a evening star formation on the weekly chart which warns that a major top could be in place. In the short term,we could still see more upside, but the move off last weeks lows have been very...
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The triangle should be fully retracted. Alt. view would be that this 5 waves advance is wave A in a 3 legged C wave. As long as wave A high (1.0610) holds there could still be more upside. Follow all my demo trades at www.myfxbook.com Good luck!
Follow my trades at www.myfxbook.com Good luck!
My previous EURAUD idea Looks like a complex correction Look for a bullisd reaction as 1.5145 holds. Follow all my demo my trades at www.myfxbook.com Good luck!
*logical long Bullish above 1.3772.
Bearish bat comes in at 88.07 and equal legs at 87.8.
Looks like we have completed 5 waves up in a C wave flat. Follow all my demo trades at www.myfxbook.com Good luck.
My previous gbpchf idea The market is in a bullish complex correction. EW rules states that wave XX can't be longer that wave Y in price. In other words, the market needs to take out 1.43680 to confirm that a top is in place. We put in a hammer on friday and completed a bullish bat, so at least we should see a bounce higher. If the market takes out 1.4975 (wave...
Previous idea: We need one more low to complete a double zigzag. From there we could see a wave xx to set up more downside before a turn or we could have a low in place. Because wave 3 was so short I excpect wave 5 to be extended. Follow all my demo trades at www.myfxbook.com Good luck.
I, like many of you, got fooled by yesterdays bullish close in the aussie. But todays price action have given some clarity. I am short the aud against eur and usd atm, let see what happens. Follow all my demo trades at www.myfxbook.com Good luck.
We have complete 3 waves to the downside. Market needs to take out .9048 to confirm that those 3 wave was corrective. Below .9048 there is still a chace for more downside, but I think the odds are with the bulls for now. Follow all my demo trades at www.myfxbook.com Good luck!
This market should see more upside. As the proposed wave 2 holds look for a rally which targets 98-97.5 to complete wave C. Follow all my demo trades at www.myfxbook.com Good luck.
Have the market set a significant top? Look below for alt. view. Follow all my demo trades at www.myfxbook.com Good luck!
This is an update for this idea The market pullbacked as expected and rallied again. Now it looks like we are within a triangle as the rally is getting rejected near the old high. The e waves in triangles are known to fall below the lower trendline or end above it. Follow all my demo trades at www.myfxbook.com Good luck!
Looks like we have completed a leading diagonal and should see a correction before a new bull wave. Bullish above 1.6580