colintsui

colintsui

Possible ending diagonal as the 5th wave of the large downtrend since Feb 2013. I have already entered a long trade here for the medium term to catch this bottom. Stop loss is 100 pips away from my entry level which is around 0.695, will move SL to entry once price climb above 0.7

colintsui

CORRECTED. The X wave should be below the e (of X) wave.

colintsui

An alternative view for the EURUSD Wrong placement of the X wave in this chart. Please refer to the corrected one:

colintsui

after weeks of volatility for the Euro, I finally can see something from my bare eyes. 50% confidence on this count right now. Fundamentally speaking, I don't think the Euro has an immediate weakness towards parity, it is obvious that the correction has not finished yet. Maybe we have to wait for the first rate hike for the US to resume the USD bull trend (or to...

colintsui

possible downside target 0.7100, around the trendline which connects 2001 and 2008 low

colintsui

looks like a FLAT correction, possible short target: minimum 1.1050, could be all the way down to 1.0923, then a reversal up. invalidation level is the May 27 low at around 1.0815. short for the immediate term then long against 1.0815.

colintsui

an a-b-c flat correction could have been completed, GBPJPY may hit a new high in coming days. Alternatively, the 5 wave down can be wave 1 of a larger trend down. In this case price will be capped below 195.85. Immediate bias is up for GBPJPY.

colintsui

a five wave down from top with ending diagonal as 5th wave is seen in the 1h chart, next possible is rebound to 0.618 targeting 1.644

colintsui

Here is a possible alternative view of what EURO is doing. a possible ascending triange may still in place and one more dip is needed for the larger up trend. Unless a clear break above the top flat triangle bondary (green line) will rule this out. Nonetheless, any dip is for a better rally. Bigger trend is still up for EURO

colintsui

Break above 1.1328 confirms bullish thrust out from triangle. The FOMC statement is USD dovish, and Janet Yellen is also not infamous for her dovish tone. so I guess a break above is probable.

colintsui

This is a bullish chart for Euro that showed that Euro might rally into the end of June to complete the what looks like a Leading Diagonal. Red arrows are of same length and Blue arrows are same length too. Also Blue arrows vertical heights are 1.618x of Red arrows. I will go long at 1.1200 level against stop loss at 1.1140, this bets on the triangle formation...