nelsyboy

nelsyboy

On the 8th June I published a still LONG idea. Now we are looking at a retracement in the form of mini ABC wave as per chart. Some may short now to get in on the move. Others may wait and try and predict the top of wave B before getting in. I think a respectable target would be the 50% FIB.

nelsyboy

Similar set up to some other USD pairs. I see SELLING again to re-test trend line and horizontal line junction. Then, BUY to test previous high.

nelsyboy

This is how I think the next few days will pan out. Another day or two of selling down to trend line then bounce back up to re-test high.

nelsyboy

I am certain price will return to the very start of the initial move down around 10th March. The USD is showing weakness in other pairs so one final leg up in the coming days is likely.

nelsyboy

SELL zones based on weekly chart drawn on to daily chart. Trend lines matching. Mini EW looks like to have completed with one big push up today. A SELL looks to be on the cards.

nelsyboy

Junction of trend line and sell zone. Possible rejection on the cards.

nelsyboy

Meeting of BUY zone and trend line could indicate a bounce. Quite a large downward movement today so caution required.

nelsyboy

On the 26th May I suggested a possibly movement UP based on four attempts at breaking through resistance and dollar weakness. This played out and now looking at the weekly chart, you can once again see a SELL zone and TREND LINE junction. Therefore, it looks like a little bit further to go before a turn down. However, some pairs are now showing possible dollar...

nelsyboy

I published a future price movement on 26th May. I still think it's a BUY based on junction of trend line and BUY zone. Also, note the two blues up then a days break then two reds down and a break today. I'll guess two blues up being the next moves.

nelsyboy

This is the fourth time that price has attempted to break though resistance. There is a bit or dollar weakness showing itself in other pairs so perhaps tomorrow will be the day. It will be interesting to see.

nelsyboy

Price has dropped to a previous BUY zone although this is in the middle of a previous move up. It could still count though and so my thoughts are that we will not see a move beyond that point just yet although it will drop a little more within the grey BUY zone. I then hope to see a bounce to previous SUPPORT as per other ideas on this platform. Hopefully, the...

nelsyboy

Not quite a bearish triangle pattern which means price could in effect BREAK OUT in either direction. Keep watching. This could be the end of the SELLING retrace after the initial BUYING back in February. If the SELLING has run out of gas then perhaps the move is going to be more likely UP.

nelsyboy

Expecting retrace from current move up. Looks like the top could be now. Price has moved out of sync with trend line and very close to 5 SMA so is slowing down. Could set orders at 0.89859 as it will probably re-test once more on Friday.

nelsyboy

Price led the way up today and then sold off close to the KEY level. I see another day of BUYING up to the KEY level tomorrow then a further but bigger SELL off.

nelsyboy

Recent trend lines established and price is now in the BUY zone at the JUNCTION.

nelsyboy

We are currently in the re-trace from the SELL off on 19th March. It is expected to reach the 50% FIB as a minimum target. In the meantime, a mini 5 wave EW has completed so I expect a small sell off from here now that price has reached an interim SELL zone. Risky shorts down to mini 38% FIB or set orders to BUY from that point.

nelsyboy

We are currently looking at the retrace of the SELL off from 10th March. It has reached the mid-point between 61.8 and 76.4 FIB before now making it's way back down. The current move down is in a mini-EW with todays BUYING being wave 4. There may well be a little bit more up to the horizontal line as a price maximum. From there though, I feel it will be another...

nelsyboy

A meeting of SELL price and trend line. Could be a set up for another move down.