BIAS: BULLISH 🔺 TECHNICAL PROJECTION: BULLISH 🔺 We have a bullish bias that price will rise to 137. Once there is upside confirmation, bullish momentum is expected to carry to 141 target. AREAS OF INTEREST: H4 time frame, break of resistance at 137 H4 time frame, support at 134.225 - attempting to catch the bullish "E" wave FUNDAMENTAL PROJECTION: JPY WEAK...
EURJPY is in a very good position now. The support of wave C and wave 5 in wave C are place on top of each other. blue support for wave 5 in the wave c and red support for wave C this is support is very strongly and this pattern is Ideal EURJPY in futures day is up trend.
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I say this because wave 3 was short relative to wave one. It is possible to still be in wave 4, but considering how deep it went in one wave I think it will keep extending. If the dollar drops down, aud and NZD will continue uptrend, which is what looks like will happen.
EU is on wave 5, at a major fib. No confirmation for the sell yet. Please note the upper channel line from wave 3, doesn't have to hit that, but can. Notice the big zone that is above it. It measures out to bounce major fib to major fib if it retraced .618 from right here which should be noted. The wave 5 can be completed, confirmation is always price moving in a...
Interesting view on where gold viewed as 2 legs out of 5 could go. (not taking into account a fed reset, technically they could set the gold price to cover the debt anytime)
USD/AUD is moving within an uptrend. This Pair has formed a 5 wave corrective Structure to the ascending Trendline. Now I'll wait for a completion of this 5 Wave Corrective Structure and enter my long Position after a breakout to the upside. Trade safe, Daniel Likes and comments are appreciated and would keep me motivated
Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.