Gold has shown the lost of Buyer momentum, the current wave count on weekly has shown the maturity of wave 5 Looking forward for Short on Gold, potential Head and Shoulder Pattern with divergence confirmation is seen in H1 and H4. infos: Long is possible but not feasible in term of risk/reward. Trade Safe~
Gold has started to show rejection on the Support Level and it's seems that it would started a wave 2 most probably Gold might started a complex correction D and E before continuing the rally to wave 3 to those who's entering Long on end of wave C are advise to monitor the trendline resistance breakout in order to continue holding Long position. trade safe~
OANDA:XAUUSD Gold is completing the cycle of WXYXZ on weekly Timeframe there will be an opportunity to short at the completion of Wave Z
AUDNZD are on it way to complete wave 2 on Weekly Chart Long would be nice
AUDNZD is in Completing Correction wave WXYXZ. wave counting has shown the wave 3 on Daily chart are in progress to be complete. Long on completion of wave 3 would be okay but a bit Risky without knowing the chart Pattern we are expecting a simple correction ABC inside wave 4 before to enter Short. and to enter long on the completion of Wave 5 and at the same...
Hope to see this is formed on EURGBP which currently has shown a rejection on the Weekly Channel resistance. short would be a the bias for this time. trade safe~
GBPAUD has completed the Wave 5 on daily chart and has shown a divergence pattern Weekly trendline has already on H4 correction ABC correction has been formed and the Major Trendline has became the Resistence. We are looking to short at this time right after second breakout and retest on the Major Trendline. However we need to be careful on breakout of Trendline...
FX:GBPAUD Long opportunity for GBPAUD on completion of Wave Z however the structure is dependent on the Breakout of the Trend line Support.
FX:GBPNZD opportunity to short on GBPNZD after the completion of 5 wave correction on Wave 4 Long is possible on the beginning of wave 4, but it is not recommendable due to the setup of 5 wave complex correction Trade safe~
BTCUSD are on its way to finish the Wave 3 we can see the possible projection of wave 5 would be on 15K. to entry Long on the end of wave 4.
FX:EURAUD opportunity to short on EURAUD after the completion of 5 wave correction on Wave 4 Long is possible on the beginning of wave 4, but it is not recommendable due to the setup of 5 wave complex correction Trade safe~
Opportunity to short on the beginning of wave 2 inside wave 4. be sure the pattern Head and Shoulder has formed before to enter short. trade safe~
Gold has completed the wave 3 and on the way to complete the simple correction inside wave 4. look for opportunity to short at the end of wave 4 or at the beginning of wave 2 inside wave 5. Be aware the major trend is still uptrend, as currently short is only a retracement. trade safe~
OANDA:XAUUSD On H1, if the price manage to make a new low, lower than wave e, we have to start counting 7 legs down the correction. and re-entry buy on the end of wave Y be aware of this and secure your trade if you have to. this setup will be invalidated once the trend-line Resistance is broken on the current flag pattern. trade safe
Gold has completed the wave 3 on H4 chart and currently in completing the 5 wave correction inside wave 4 opportunity to Long on the price area beginning of wave 5. the most safest way is to enter on end of Wave 2 inside wave 5. Trade safe~
COINBASE:BTCUSD Bitcoin has shown the completion of wave 3 and currently making correction wave ABC in wave 4, which at the time being subwave A has been completed. still awaiting the type of wave Correction pattern to better determine the projection of Wave C
OANDA:XAUUSD Long opportunity on completion of wave e correction inside wave 4 take opportunity to enter on starting of wave 5