The first impulse is done, retracement to FIB 0.68 is holding, with a new trendline. Be patient and wait for this to go high.
My main strategy is to work with channel and pattern to be broke, a bit counter trend. I found the GBPNZD could be a great setup mixing my view and a perfect Elliot wave pattern. PATTERN : falling wedge broke out to create the first wave Wave 1 that retraced to 0.78 (the golden level for retracement of wave 1) Wave 3 that goes up to extention 1.68 of the first...
Monthly & weekly : down trend broke out, ascending triangle then Daily : down channel to be broke, support found around 0.9850 H4 : support, down channel broke out, choppy but ready to go.
Down channel found support and ready to break. Uptrending monthly. Weekly view is clear : ascending triangle ready to break. H4 view : wedge currently breaking out. LONG THERE
Monthly view : ascending channel to be broke down. Weekly view : descending channel ready to break the monthly channel Daily & H4 view : descending channel broken, has to go up to FIB 50% around 79.00 to go down again. WAIT the pullback to short.
In a long term ascending channel that will be broke down. Impulse down in M1, flag is broke, let's go down. See the comment for shorter term charts.
Nice impulse to break out the weekly channel, pullback on this channel + taking support on FIB 50%. Now ready to breakout the D1 channel (dark blue), and trendline up, pink in H4.
FIBS give me same level target monthly and weekly, but shorter timeframes needs a pullback before to go higher, short for a week or two.
After that huge decline of the EURO, it came back up on FIB 50% and now going down again. In a week view, it broke out a wedge and now going down again. Short for this year.
As you can see there in monthly, USDJPY is bullish, after un long down channel, the channel has been broke out and retest. After a serious impulse and a pullback to FIB 38 (61.8 pullback), it's going up again with a beautiful Doji, in a flag, ready to break out 2 down channels. Here we go up, at least to 118.
The Brexit level. Ready to break? I think it will need a catalyst to break, nothing short term, try short.
I got stopped out at 0, I try again. Overextended
Interesting congestion level. Overextended, try a short there. Stop above the highs.
Looks like it won't be this time... Short, tight stop.
I change my mind on this pair. Impulse A perfect pullback to FIB 50%, second impulse perfect to FIB 150%... Will not break this resistance this time. Short.
First test of a trendline. Worth a short there, tight stop.
Pullback on the former trendline.