Mapping out the fib extensions EURJPY, Euro could be in for a rough year. Keeping focused on the fundamentals here on out.
Often a simple 1Day view really clears the mud.
EURJPY and USDJPY can appear to be a really difficult pair for us new traders to day trade. But backing out just a little we can see a lot of recent consistency. This Fib study has EURJPY back in the 618-786 zone. We can also see MACD strengthening while the Williams MA is starting to bottom. Keep an eye on this one to Bull run again into the multiple verified...
I really enjoy seeing correlations. Playing with Elliot Wave I found that the EUR/JPY pair was in a Bull wave 3 of a Bear Elliot Wave while the USDJPY pair is working a complete fresh Bull wave that both started Bear Waves on Dec 14th! very nice and just wanted to share :D I will add the second chart
My previous NZD/USD basic fib study chases the current NZD/USD bearish move. For a different angle I would like to plan a Long trade just in case. Treasury yields keep rising so I may be searching for more USD short trades. enjoy
saw a post for Bullish Gold so did a "When in Doubt back out" chart - crazy Bear on the 1Day for Gold, yikes
Elliot Wave fell into my lap last night perusing the boards so please forgive my lack of understanding. Horsing around with the USD/JPY pair noticed an Elliot Wave Bull pattern begin during summer 2015 that just ended July 2016. It appeared the impulsive/corrective patterns did support this study. Following that 5th wave was a nice Flat Bull from July to...
keeping my eye on USD/MXN 20.87 may form a nice little W to scalp
AUD/USD appears to be a continuing Bear movement right into this fib study (RLZ) I will be hunting a Long entry point if this current zone holds enjoy :D
keeping an eye on the USD/JPY pairing hoping for a pull back below 114 have not seen a reason to short just yet ;D