Impulsewave
Waiting for a rising bottomIn the 'coming bedtime for GBP' - related idea, I have expected an upside pressure which is here. 'Near the resistance' - idea, I forecasted a stop in the rising. EURGBP has been moving sideways from that time and the q. is what's next.
Although it trades above wave B with five-wave impulse, but the structure seems complete, that's why I expect to see a declining correction which should be high low around 0.8925, on the other hand, if trade below 0.8860 then the 0.88 could serve a good support zone.
Wait for the signs
Long after corrective patternWaiting to see if some form of corrective pattern forms.. will then be looking for long opportunities
fake out of corrective channelWaiting for a correction to complete on the lower TF's and will then be looking for shorts all the way down to 0.66
Possible long-term outcomeExpect to see the momentum to the upside slow forming some type of ascending channel
#GBPNZD - Short after the breakWaiting for a strong break to the downside.
Once it has been confirmed I will be looking to open a short position.
BCOUSD - LongWaiting to see what kind of break we get on this correction, believe more upside momentum is incoming
DXY - Short Long Term Current price action suggests this is just one big correction for a bigger move down
GBPUSD Elliott Wave | Short | Jeremy WagnerChart on the left suggests we are in wave iv of C (ending diagonal)...one more dip lower to retest today's low to finish off the bearish sequence then we may see a strong rally.
The chart on the right is a more traditional impulse and is one wave slower...so two more dips lower to finish off C then a strong rally.
Trend lines support a hold below the April 7 low.
If you are learning Elliott Wave, I'd appreciate any questions you have so it makes sense for you.
Cheers!
Jeremy
#USDCAD - Short Waiting for a mini correction on the 30min TF to enter a short position
Based on the evidence that Oil is gaining some momentum I believe USDCAD could fall to the downside temporarily
gold run updecent impulse wave coming
bull run started at red line
pullback already happened
should see a nice push up to my blue zone box
#GBPNZD - Short unless violationWaiting and expecting another wave down as there doesn't seem to be any sign of upwards momentum
AUD is setup for extended 5th waveI 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.
eurusd impulse runimpulse wave started a while ago but still time to catch bull run
stop loss is the red box
tp blue zone box
I was a bit early with this call last night to those that follow...
