This pair is in a well defined trading range and hitting the bottom of that range now ! The area or 0.95 -0.9550 should offer some good support. Look on lower time frame to enter long as per your own trading rules !! Good luck
As per my current count, this pair should be in the early stages of wave " blue v" up to the 125 level. Pull back should be bought with stop below 1.08 All the best
I believe that the long term trend for Gold is down. I am looking for wave C down. The only question at this stage iS " Is B over yet or do we will see a move higher in the 1400 - 1450 level first ? I have market on the chart the two possible paths if my prediction is correct !
The euro should fill the the gap very soon which means about 150 pips to the down side !!!
As long as we don't break above the 113 level and regardless of the French election result, the euro next big move should be to the down side on its ways close to parity !!
This pair is at a very important juncture ! If we can clearly break above the 112.20 -113 area, we should be on our way to much higher levels. We are now testing an area of important support/resistance . My personal view is that we will break to the upside and go up for another 1000 pips or so ! Follow your own trading rules !!
This pair is about 500 pips higher since my last post about a couple of weeks ago. If you have been long for the past fews weeks you may consider to book some profits. Wait for a few days ( 3-5 days ) of pull back and then go long again as per YOUR OWN TRADING RULES. This pair has a much higher target to hit. Good luck and all the very best
The pair broke above the high of wave w and signal that the price should keep moving higher. At current level wave Y would equal wave w and possibly mark the end of it. I am more of the view that wave Y has more upside potential up to the 1.3390 - 1.3650 area ! In that area, wave Y would equal 1.618 wave W at 1.3390, hit the previous 4th wave area and fill an open...
The pair broke the down trend line which started at the end of 2016 and is giving us the early sign of an uptrend move ! Wait for a few bearish daily candles and then start buying using a lower time frame to give you the entry signals. The price might test the back side of the broken trend line and would offer a nice entry level ! Follow your rules for entry ! Good luck
Back in early January, I was looking for a pull back down to the 109 - 110 area. Here we are now !!! I am now watching for a reversal pattern at lower time frame ! The next few days or weeks should be telling but the next major move in this pair should be to the upside !!
The next 10 days should be telling for this pair ! As per my current count, I am expecting a break out to the upside. If correct, we could see this pair moving all the way up to 155 - 160 area over the next 3 to 6 months !
Another couple of days down to the 0.618 would offer a good opportunity to go long ! I still consider wave y of 4 circle as the next likely move ! Below 1.1987 and this count will be invalided !!
I am still looking for a move down to the target zone for a reversal and long term buy opportunity. Short term you may use lower time frame and use your personal entry rules to go short till the target is reached. Above 115.65 will most probably mean that the correction is over and the USDJPY is on its was to way above the 127 area !!
IF my count is correct THEN the Euro should keep moving lower ! I am just looking for an entry in the sell zone because we have an initial 5 waves down ( clearer on smaller time frame) and we are now in a correct pull back ( hopefully a zigzag back into the sell zone). If price hit the sell zone, i will go short with stop loss just above wave 2 and an initial...
I can count a nice 5 waves down from the recent highs over 1.08 on this 4 hours chart ! I am now looking for a small 3 waves pull back up ( ideally around a 0618% retracement) IF correct THEN Go short with an initial stop just above the origin of the last 5 waves down (1.0830) and a target to retest the lows of the year !! Good luck