Fomenka

Fomenka

not a trade yet. Simply an observation.

Fomenka

EW is getting clearer. I am bearish. Very much so.

Fomenka

So hard to stay in shorts after such moves. Nevertheless the price did not violate my previous count but completed it. Fundamentals support strong dollar and the last abrupt move can form right shoulder of the H&S pattern. RSI at lower time frames also indicate exhaustion of the move up and on higher time frames more leeway to the downside. Waiting and learning.

Fomenka

Betting small just testing my technical skills. On 4H there is a pinbar followed by consolidation, EW indicates a bounce to complete abc correction, RSI shows divergence on 30min

Fomenka

not really a trade so far just and idea.. doing some small countertrend bets mastering TA

Fomenka

Short-term bounce confirmed by RSI, EW count and series of pin bars

Fomenka

Pinbar + RSI + EW count

Fomenka

am not sure about this. Harami is something new for me. But overall I expect strengthening of dollar.

Fomenka

Small double top on 1H chart. Seems like AU is is bigger 4rth wave correction and will hang in there before going to new lows when USD rallies.

Fomenka

H&S + RSI divergence + support against the trendline

Fomenka

I remain bearish about EURUSD despite it broke long standing resistance formed by two trendlines in the top of the chart. The pattern of price advance looks corrective in the shape of ending diagonals. Usually ending diagonals happen in the terminal move (wave 5 or C) followed by abrupt decline. However before price reverses it is possible that we see a brief spike.

Fomenka

Yen is set to soar in coming months. There is a strong correlation betweeen Nikkei and yen as pointed out to me by @MA3STRO. Nikkei is forming an ideal triangle and this looks like a 4rth wave confirmed with no divergence yet in RSI.

Fomenka

did not put much effort in labeling the wave count properly. Nevertheless I see 3 fractals in DXY price movement. I do not remember exactly where I learned it but it feels like the index is set to skyrocket. On daily chart the index is supported with 200MA which may provide hard surface to take off.

Fomenka

fractals usually happen in the beginning of a trend. In this case it means up. On daily chart the price is resting on 200MA

Fomenka

inside bar against the level of support, no obvious divergence in RSI (allows for a new high), trending in the channel. ElliottWave count is unclear for me. Pure price action pattern. EUR and GBP are about to go down according to my estimations and DXY to go up which also supports the case.

Fomenka

small double bottom + RSI divergence and overall expectation of sideways movement in 4rth wave between indicated resistance and support levels

Fomenka

trend down, inside bars on 4H, bouncing off the resistance level, consolidation in the shape of a flag and Elliottwave count. No resistance yet on RSI.

Fomenka

based on EW shape (4rth wave) in triangle, RSI which does not show divergence yet and level of support has not been reached yet.