The EA is an a C wave of an abc corrective (B) which could be a 3 wave or 5 wave pattern (will publish the lower time frame count later ) .Looking for an Impulsive (C) wave up very soon!
UPDATE on the EURNZD BUY , I am still in the buy with stop at the B wave (yellow)
This is an up date of the previous post ,i't now clear that we could make a Z wave up. I'll wait for an impulse and correction on the lower degree to buy.
The EURNZD is in a down trend (weekly,daily,240) it is now consolidating in a triangle which will break out of the down trend .the target is the top of weekly trend! The best thing about wave pattern is, it allows you to forecast the next move with a high probability . Let me know if you agree with this chart (like ) or if you disagree (comment) I am open to all views!
The GBPUSD is in a corrective ABC ,looks like we are still in the B wave so i'm looking to buy the C wave up. waiting for an impulse break out then and a correction on a lower degree to buy.
Corrective Structures can be very complex. The EURO has already made a 3 wave correction which could be one wave of a higher degree in a more complex structure. Possible divergence (not complete as yet) on the 60 mins chart, so I would move any sell stops to a lower 60 min top. If this down move is the next down impulse then my stop would be OK ,if the...
looking to buy for a move to top of wedge pattern and then keep for a break out .
EURNZD breaking out of 240 downtrend and consolidating ,looking for a buy on the break out of consolidation
The EURCAD is in a 240 correction looks like some more up before we make the next leg to the down side . This is a 15 buy so i would take profit and will be looking for long term sell.
The GBP is in a consolidation ,we bought it from bottom of wedge in our EW Trading Room ,looking to add on break to the top of wedge then move stops to BE and keep for the break out og pattern
The NZDJPY is in a corrective uptrend we have complete one leg" W wave" and we are now in a "Y wave" which has 3 lower degree waves waves in it (could still make 5) If this down moves (now happening)comes to the red trend line and bounce then I would count it as an X wave and will be buying" Z wave". If it breaks the up trend,then the correction is a 3 wave...
The GBPAUD is in a daily correction ,since corrective structure could be 3 waves or 5 waves it is still an open case for a 5th wave down to complete the Z yellow wave.I am not in the business of guessing so i'll wait to see if we break the up trend line that is now in the making(red line) before I sell. As long as it makes impulse to up side I will buy after every...
EURCAD is in a daily down trend, this looks like a WXYXZ pattern in the making . As long as we are in the down trend we will sell after every corrective structure. Let's see how this develops as it makes higher degree waves.
This is a closer look at the C of C wave ,I will post the daily and 240 for possible trade .