TradingEW

TradingEW

Due to prolonged advance last year that formed a top on 3oth January; together with the presence of a 5th wave extension, this pair is forming a 4th wave complex correction, now on wave (v) of the expanding Ending Diagonal wave (c) in red. Thus, a medium term long towards 50% retracement before setup short for long term towards 1.1250.

TradingEW

Since 4th June, this pair is developing a complex correction iv, now on a 5 waves expanding Ending Diagonal wave (c) in red. Setup short for target below 1.4290, before resuming uptrend.

TradingEW

Depending on which time frame one is trading, it's more like a medium term long then setup for long term short near 0.6182 retracement.

TradingEW

Medium term position R/R > 6

TradingEW

EURUSD is smack in the middle of sideways whipsawing correction of narrow range. Waiting for a potential trending wave c down, then longer term wave (c) up, while there are better R/R elsewhere.

TradingEW

Since Oct 2008 major low, this pair advanced in a Leading Diagonal 1st wave, then forming 2nd wave, a 3-3-5 correction. Now in minor corrective (b) wave within an Ending Diagonal red (c). It's been tough trading this pair this year within this unpredictable whipsawing corrective (b), but looking for position on advance to clear above yellow dotted line, when...

TradingEW

Since 5th June this pair completed a 4th wave correction and made very strong impulse move up, as a Leading Diagonal. Now on sideways minor wave ii and is due to retrace deep at least 61.82% before resuming uptrend. (double figure R/R) As usually the case at the beginning of a 5th wave.

TradingEW

Week long correction 4th wave looks complete and ready for breakout of channel line on 5th towards 141.73.

TradingEW

Tracking the final 5th wave of GBPJPY to a potential top. It's more like an intraday long, then, a long term short.

TradingEW

There's more to this complex correction (4) than it seems, as per EW 'alternation' guideline, a very complex 4th wave alternates with a very simple wave 2. A potential expanded flat correction is developing, before resuming uptrend.

TradingEW

Correction (iv) terminated right down the limit of bottom channel line, now reversal to be confirmed. Therefore invalidation or SL placed at channel break with upside potential of a 5th wave towards 1.5045 for a medium term setup.

TradingEW

Trending down on the last leg of expanded flat correction (iv) towards termination at target zone; and therefore resume uptrend on (v).

TradingEW

Range trading on NZDUSD for the next 3-4 weeks, before resuming downtrend.

TradingEW

A very complex wave (iv) alternates with simple wave (ii). Now almost completed an ED as part of wave (b), expecting a swift decline on wave (c) towards 1.4520, before resuming uptrend.

TradingEW

Typical Elliott Impulse wave iii with 5th wave extension - buy near 1.4470 target 1.5045