Starting from the left:
we have price completing an a-b-c-d-e triangle
then we had a push up
then we had drawback, very very close to our 618
EurAud is set for another push up
not sure if this push is part of a 5 wave move or if it's just corrective
either or, price should push up to 1.59 (just follow red arrow up to the targeted green line
Starting from the left
We have price contained in this corrective triangle, completing legs a-b-c-d-e
then we have a push up which appears to be a 5 wave push on the hour charts
all the fib measurements are holding up nicely
right now we are in the wave 4 retracement, price is just below the 382 retesting the trend line of the triangle
I expect this trend line...
GbpJpy ready for a push up
This is leg C of a ABC correction
wave C will have 5 sub-waves as it pushes up to finish the correction
I've labeled sub-waves 1 and 2 in black
3 more waves to go on this push up
already getting candle confirmation on 15 minute chart
follow arrow up to the green line TP about 144.200 (over 80 pips)
I called a buy on EurCad yesterday once we noticed that 618 bounce
The second push up was for over 100 pips
Then we had a 382 draw back, so far so good...
Then we had a 3rd push up to complete the 1-2-3-4-5 elliot cycle
The only question is that 3rd push up which was over 100 pips, happened in about 10 minutes
And news on the Canadian dollar just released...
Starting from your left, highlighted in green- was a huge ABC zig zag correction
Then we had a push up
then a 618 perfect draw back
could this be the second push up?
It is currently only 3 pips into its move up, nice entry point for the bulls...
Even if this isn't a huge trend up
and this turns out to be just another correction
EurUsd has been forming this corrective abcde triangle
looking for corrective wave E to hit trendline for the short
The end of a corrective triangle cycle is usually followed by a new trend
maybe EurUsd will be bearish for a while
UsdJpy is still in corrective wave cycles
currently just starting correction C wave
Only about 12 pips into the move
The Harmonic Bat pattern is still valid to continue corrective trend down
Projection of this corrective wave is down to 113.00
A few confirmations for this one
from top left
we have a triple top flat correction
followed by a 5 wave cycle
That was the past...
then we had an ABC corection wave
This completed a bearish bat harmonic pattern
Then a 1st wave down
with a 618 pullback
the second push down has only just begun
about a 14 pip move so far
projection of this second push down
Looking to the left, on 4 hour time frame, had a wave cycle completion trending down
reversal- inverted head and shoulders pattern formed at the bottom
which also formed first wave going up
with a 618 pullback
pull back formed the right shoulder
second push up started
price is currently at the neck of the inverted head and shoulders
looking to the left
we had a channel break
and completion of a wave cycle
we have a head and shoulders pattern to reset wave cycle
first push down complete
the drawback of that first push also completed the right shoulder at a 618 bounce
the 2nd push down started before close of market on friday
I believe this push will go to around 85.00 or further for about...
EurAud ready for another run down wave 3
head and shoulders to reset wave and
complete wave 1
wave 2 had a perfect 618 pullback
wave 3 is getting set
have some candle confirmations on lower time frames
follow arrow down to green trend line, maybe further for the completion of wave 3, over 80 pips
by the way EurAud has been in a down trending channel, respecting...
EurUsd is setting up for a possible ab=cd highlighted in Red on the chart
We have a possible channel trend coming to an end
EurUsd is clearly making it's way back down
will the cd move ever happen?
It's too premature for that...
But a smart trade would be to short eurusd now for about 40 pips
take down to the first green line tp is about 113.80
EurJPY is set to run up.
Inverse head and shoulders looks to be complete
looking for price to break the 128.85
then retest and continue up to complete wave 3
looking for price to go up to about 129.400
follow purple arrows...
check currency strength to make sure Eur is strong
inverse head and shoulders
check currency strength at point of...
Doing a little Analysis on EurUSD...
You Have to go back sometimes to give a proper Analysis...
I like using the 4 hour for certain patterns
looking past to your left:
we have a 5 wave completion inside the channel
Then Channel Break
Then we had what looked like the start of a new cycle...
Looks like a head and shoulders is forming which is usually consistent...
just following the trade/pair
a few days ago, we had a channel break
followed by a triple top
this started our reversal and wave 1 was completed
also wave 2 which is the draw back was completed
wave 3 is starting it's run down
I marked with a green trend line my prediction of wave 3
right shoulder forming at 618 bounce
price is at a supply zone
hard to see on the chart but wave 3 of an elliot was just completed which means wave 4 pullback
nzdcad is setting up for a huge drop
entry point is coming up- marked up by the green trend line which will complete right shoulder