ashokdgd

ashokdgd

EURUSD completes wave ii within 3 waves. After completing wave ii, EURUSD formed evening star pattern on daily chart. So Both Elliott Wave & Candlestick confirm the bearish move ahead. Short EURUSD at market for 1.0800 Level

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AUDUSD forms morning star Candlestick pattern. Elliott wave also suggest bottom around. So we prefer for long audusd. Please do not hurry to book the profit. We will close 50% only after 500 pips and let the rest 50% will be open for longer long.

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GOLD trades sideways. Recent swing seems wave b once it was down from wave a. Once wave b is completed, market move towards wave c. We will see GOLD at 1100 still if it will trade with in triangle. We recommend Buy position. Since We are trading corrective wave, trade micro lots.

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I prefer to stay aside before rushing into short GOLD. If GOLD gets support near by 61.8 Fibo Rectracement, we will see at least one more bullish leg.

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Sell on rise will be the best strategy for now on GOLD.

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GOLD Topped around 1925 at life time high. Then GOLD Fell sharply but limited to 3 waves. Blue Wave (C) is in progress. We can clearly see ending diagonal on 5th wave which is an important indicator of trend reversal. With this in mind, we can predict that GOLD could bounce strong to the upside from low in days ahead.

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As per Elliott Wave perspective it seems that GOLD recently has finished five moves down. After every five moves, there are 3 corrective move which is called Corrective Wave. Since we are at the beginning, we can opt for Buy Trade. So aggressive traders may enter in long trade with very tight stop loss of 1167.

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Gold made 5 waves move for wave A. Now it is making correction for wave B. We need one more wave to complete the GOLD corrective move. I recommend long position on gold at around 1175-11-72 For 1204. Stop order should be placed at or below 1160.

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GOLD is moving lower. I recommend short trade here