Erhan_Eker

Erhan_Eker

Higher lows looks like a consolidation period for higher move but keep in mind complex correction from 1.0996. Break on the range will be the decider. My favorite is break to above which will provoke to a move at least 1.1056 (Probably much more) for complete Wave (iii)

Erhan_Eker

We saw Wave -iii- of Wave c of Wave (iii) of Wave (c). So we need some correction now

Erhan_Eker

Ranging market looks like triangle formation however any break above make general outlook bullish. Cycles are very bullish for the next week. I am waiting for a break

Erhan_Eker

No change in general outlook. Still looking for the final leg down preferably around 1250 which is %90 retracement level and Daily 4/8 Murrey Math level. Around here need to watch bullish reversal indications

Erhan_Eker

As price hold above 1.0810 and key reversal candles occurred we can say we saw the bottom of the correction period from 1.0996 top with 50% correction. We have already saw minor wave i and wave ii.. This rally can continue somewhere around 1.1047 Murrey Math level.

Erhan_Eker

Breach of 2.15 level confirmed that correction from Wave is still in act. Cycles shows this pair may be bearish until October that's why I am natural but current recovery is promising at least to visit 2.17 level

Erhan_Eker

Almost no change from the last update. Still looking for the final wave 5 bottom of the correctin down. ~1250 is my favorite for the possible bottom.

Erhan_Eker

I shifted my outlook to Neutral because we are now in a very strong resistance area of Daily TF Murrey Math Resistance level where we several times failed to go above. I expect one more higher high to correct down for Wave iv of Wave (c).

Erhan_Eker

Like USDCAD firm bearish reversal back need change in count. But here I am less sure about current count. As long as we stay above 2.15 it is OK and low will be Wave (ii). However it looks like a impulsive move and this can make 1.2780 top as Wave (x) of Larger degree Wave . This make general outlook more bearish.

Erhan_Eker

Bearish movement is firmer than expected so I made a small change in count. 1.0942 high should be the Wave (i) and looking for Wave (ii) now. My favorite is 58.6% retracement @ 1.0864 which is also Daily Murrey Math 5/8 level. From here we should look bullish reversal indications

Erhan_Eker

Rise from 92.55 broken just below 96 and save my count. Now we are looking for final leg down which is Wave (c) of Wave (v). Most likely targets 91.20 & 90.14

Erhan_Eker

Yesterday decline was rather hard and there is no divergence in 4H TF. So minor update on count. So still looking for Wave -iii- of Wave c down. As long as this movement stay above 1240 general outlook is very bullish.

Erhan_Eker

Yesterdays consistent rally completed the Wave a of Wave iii so we need some go down, probably below Murrey Math 7/8 level for some consolidation and later to continue.

Erhan_Eker

Bullish count continues without problem. As expected Murrey Math level +1/8 put a barrier to yesterday rally and let the formation of Wave a of Wave iii. We cannot know how deep wave b will be but we should continue after some consolidation.

Erhan_Eker

We still have room to go upside to complete Wave iii of Wave c

Erhan_Eker

Break out occured and price came to an important point 4H time frame +1/8 Murrey Math Level. Price is still in overbought situation but current count still bullish. I expect some halt below this level and then a breach to upside to complete the Wave a of Wave iii of Wave (a) of Wave (iii) of Wave

Erhan_Eker

Some room exist to downside to complete correction to down

Erhan_Eker

Expected breakout came in asian session. Bullish outlook continues