CHERIZON_WAVES

CHERIZON_WAVES

This is a corrective wave that happens either in Wave B or Wave 4. So this wave therefore is wave 4. I am expecting an heavy impulse to the upside. Take calculated BUY positions

CHERIZON_WAVES

Weekly outook of this pair, Long term Shorts expected

CHERIZON_WAVES

looks like this pair has finished the correction, we are now looking to buy wave (III). a huge return.

CHERIZON_WAVES

after the "abc" correction, we have been holding a short position in this pair, looks like we will keep on holding as #Eurusd turns bullish

CHERIZON_WAVES

SWING Buy set up building up. The correction seems complete therefore we are looking to catch the next heavily impulse wave "(iii)" from a lower price. confirmation to buy will be the breakout above that bullish flag

CHERIZON_WAVES

☑The minor corrective wave "b" has completed forming. ☑️"b" Retraced minor wave "a" by fib 78.6%. ☑️ Such a good accumulation for an heavy impulse ahead. ☑️Importantly, note that we are within an larger degree "abc" correction.

CHERIZON_WAVES

Expecting this correction to play out in this way. 3 waves up to form (b) and then 5 waves down to form wave (c) hence completing wave 4 at around 1508. Our big move will be the next major impulsive wave 5.

CHERIZON_WAVES

After seeing a correction touch 78.6% fib of the minor impulse as wave (ii), our next target for a buy position should be an extension of 161.8% of that minor impulse, making a complete (iii)

CHERIZON_WAVES

EW shows we are within a correction, More reasons to keep shorting this pair include the fact that price today broke out of a minor channel that we have been watching

CHERIZON_WAVES

Market Commentary: Price has pulled back to 61.8%. Price is still within a minor bullish channel whose breakout will lead to a larger bearish move as wave 3. look to sell after that breakout.

CHERIZON_WAVES

A COMPLETE DIAGONAL IS A SIGN OF A REVERSAL, IN OUR CASE, PAVING WAY FOR A CORRECTION (ii). It can be worth BUYING because diagonals are a powerful market structure

CHERIZON_WAVES

MARKET COMMENTARY: This pair has broken a bullish channel from below paving way for a bearish move. Recent low or a 161.8% extension of the minor move down should be our Take Profit Level for short term sell positions

CHERIZON_WAVES

Normally paves way for a greater reversal in the opposite direction

CHERIZON_WAVES

Having caught the impulse, it is important to wait for a correction before adding positions as this pair is bullish

CHERIZON_WAVES

As we watch this set up unfold in 3 waves down, lets not sell but watch to buy the next impulse after this correction.

CHERIZON_WAVES

It seems the correction for wave 4 has finished forming, be on the look out to see BUY opportunities

CHERIZON_WAVES

We continue to see the possibility of this pair to touch fib 50.0% before we resume to buy. It is set to develop in 5 waves down. catch wave 3!

CHERIZON_WAVES

After a 5 wave move within a channel, price may be reversing to the upside. Watch as it gives us entries for BUY POSITIONS