stanchiam

stanchiam

Price survive the support region, hence it should turn bullish at least for the short term

stanchiam

Is this the final leg up or will it extend way beyond? Shall see how price reacts around the top region. A strong rejection and will look into changing the bias from bullish to bearish

stanchiam

Looking closer into the move up, it does appear to move in 3, hence cannot rule out the entire move up may be completed for the short term. We may or may not see another move higher. Am looking for a 50% move down and at least in 3 waves structure

stanchiam

from wave count, the correction may be completed, it didnt hit my target but profit is locked in, Price closing below support will enhance this view, too early to know, be careful Good luck

stanchiam Updated 

More correction or something more complete, is it enough for the leg higher Lets find out

stanchiam

Bulls does not want to take over Price is now at critical level, if close below support, i will be bearish on it, bears should help to bring it to new low again

stanchiam

Bears, time to do your job and bring in shorts before stopping them out with another high

stanchiam

Same as gbpaud, it is too early to know the wave structure but the bias is for at least another leg higher, ideally toward the 100% extension

stanchiam

Too early to know the wave structure but the bias now is at least another leg higher

stanchiam

No change in view, price to continue higher until wave structure is complete

stanchiam

price crawling higher towards 1.21 region will see how price reacts to determine the wave structure and next possible move

stanchiam

Price look to be extending higher, following general usd weakness in other pairs

stanchiam

While price stay above the support region, price can still climb higher before testing the region The move up from the bottom is quite extended, hence a move lower may not be far

stanchiam

Price testing support region, while price close above it, the bias is for another push higher Where if price close below, the bias will change bearish

stanchiam

Price testing and staying above the support region, while above, the bias is a push higher Where if price close and stay below, the bias will turn bearish

stanchiam

targeting the support region which reaction will give clues to the next phase

stanchiam

the wave structure is not clear, price should not go much higher above and should move lower for a deeper correction not a clear structure and anything is possible, hence will enter small

stanchiam

From a higher time frame, it is pretty clear, price retest the breakout line As long as it stays above, it may retest the 62-100% extension