stanchiam

stanchiam

"it could still go lower a bit but once price goes back up strongly, we know the bottom is in " still waiting but look like bears are done as price are limited in move down bulls are waiting to buy from the late bears, smart money is taking over hope this be very rewarding trade, good luck

stanchiam Updated 

a fast retracement, aided by worse than expected us CPI data however, high probability that gold will contine lower at least for the short term could be an opportunity to ride it lower

stanchiam

did you grab the opportunity for the kiss of death short? price kiss the breakdown line and bye bye, bears are in total control kick yourself if you miss it...lol

stanchiam Updated 

with this leg up, eurusd is more or less completed the last leg up short term it should fall even if wrong, do not chase the move up but instead short it everyone is selling usd due to weaker than expected CPI, follow the crowd and buy eurusd? you could cry as the move up may be limited good luck

stanchiam

"follow the crowd and buy eurusd? you could cry as the move up may be limited " are you crying? you would if you follow the crowd and long if you shorted, you must be very happy now move down still in progress and could take a while to complete, good luck

stanchiam Updated 

we have clear 5 wave up and a deep enough correction this could be a golden opportunity to long, to play safe, one can wait for a break back above the top which will confirm the bullish view

stanchiam

an stated, an excellent opportunity, finally it start to move, should be very rewarding long

stanchiam

however as low hold, take note of the pivot point, if price manage to climb back above it, it is a 200% buy for me

stanchiam

ugly but unable to run out that it is a 5 wave, which suggest a move up could come soon

stanchiam

the current lower time frame appear to be a triangle which suggest either a move lower then higher or higher as per chart which is favour count in high time frame

stanchiam

just a probability, not cast in stone good luck and wish it work well

stanchiam

once it fall, it mean usdjpy will rise good luck

stanchiam

lets see if it can continue to push higher and stop out the bears am holding on ;)

stanchiam

the strong bounce suggest a bigger move up is coming and currently in consolidation phase once the move starts, a type C or 3 move up will be strong and that will validate the idea

stanchiam

it was stopped by the 50% retracement resistant and formed a 3 waves up instead because of this, new low is possible, only back above resistant line will open up possibility of higher move a move back up now is also possible as this could be part of a bigger complex correction

stanchiam

we have a classic crystal clear 5 waves up and a 3 waves correction classic textbook trade, now we look for price to hit minimum 1 to 1 and ideally 1.68 extension and beyond

stanchiam Updated 

there is 5 waves that can be counted, therefore it is dangerous to jump in shorts because other are shorting euro it could go the other way instead, good luck

stanchiam

if you follow the hype and sell eurjpy because of news on euro and ignoring there is clear 5 waves down, you are in for the hard time it is bouncing back up as expected, could get ugly and go for new high as higher time frame still have not rule it out