When this happening occurs, we should wait for finishing the time period which is 3-4 candles later in H1 time frame, so we can handle a short position after. (if the candlestick accepted)
First of all I counted the FX_IDC:XAUUSD chart in eliot waves
as we see now we're in the middle of little wave 5 of the big wave 3 , so we would hold our BUY position till we'll have higher High in this pair.
Targets are mentioned in this picture but we have 2 scenarios for this :
1. it might have decreased to the below support line then increased to the...
This is the image of VERY LONG TERM of USDJPY
then look to next image below , that is devided to the mid term of USDJPY
it shows that i think market is modeling the yellow shape then i modeled the time and price targets
but Here at the main chart , i zoomed in more than before and i want to tell what happen will in these days , its the daily chart...
In my idea, because of not making Lower Low on the daily chart of GOLD, if the price can break the down trend line, it should have a retracement of the past move, so we'll wait for a break of trend line
BUT WHY ?
3 reasons are here that approves the retracement after the break :
1. RD + between down trend price and uptrend MACD
2. Not making Lowe Low on the...
first of all i advice u to see the big time frame of weekly chart of DXY ,
In this bellow link u can see the big time fram of DXY i think its in the way of a big DOWN TREND
But in the short term , its completing second wave and because of being faster than trend , it should have a retrace like a Bearish Gartley so when it will be have completed at the time...
the 5 wave has been finished, and we are waiting for a retest on white trend line and also , its the time of modeling the retracement which in the weekly chart has been shown::
first of all i add a chart of very long term on GBPJPY which shows that in long term it will be decrease.
in the main chart, i predict the down trend of GBPJPY which it will start this week
I think its gonna be modeling of first Arrow mentioned in the chart
when the price come back on the trend line its time for a short term long because of not finishing the time of modeling
be awake :)
we had a 5 wave impulse then we should have down trend which modelling AB from C point, so after breaking Trend line , we should change the stop loss and add more Lots on shorting GBP/JPY
because of its a downtrend channel we should wait for finishing the LONG Time of this pair, so i mentioned the time of Long
I think it cant break the channel and resistance zone
so if the time target finishes, we should enter in a short position
The fibonachi time ratios has been completed as a historical LOW in A very important support that they tell its a good support
although, we had a great ending structure which has a high speed at first and then the speed decreased and its time to reverse
so we are waiting for a break down to have a long position with two (short term and long term) targets
be awake :)
we had a down trend before and i think the market is modelling that, it has a time and price target but i think it cant goes there because of Major support below of the price.
so we had two Senarios :
1. the price come to the major line and time finish so we realize that the suppliers doesnt have enough power and we'll wait for a good LONG
2, the price come to...
i think gbp/jpy has just a pull back to the resistance and make a head and shoulder pattern to change the trend
so i think it should have a downside trend from ratio 0.786 fibonatchi
good luck guys
