xavier_56

xavier_56

Looks like a reversal to the upside is coming soon

xavier_56

anticipating more move to the trend line at least then a reversal

xavier_56

THE ARROWS DESCRIBES WHAT I AM ANTICIPATING

xavier_56

i will wait for a confirmation of a downtrend

xavier_56 Updated 

Eur/JPY has been undergoing a daily consolidation , forming a very big expanding flat which is about to the c-wave by the rising wedge, if it breaks , we are likely to get a trade equivalent to the previous impulse , target is 450 pips least.

xavier_56 Updated 

from here i am a move to the down side to complete the A-B-C wave structure of wave 2 of the bigger wave.

xavier_56 Updated 

I am looking at the structure as a leading diagonal which is coming close the complete and by next week we may see a short- term move to the upside , before continuing the down trend.

xavier_56

Just started the C-wave of the higher time frame (B) structure , i am anticipating a re test of the previous daily top and posibly a break of it . after which we will the "death " of BTC , only to rise again. Lets see how it goes.

xavier_56

from the the arrows i have three possible scenarios. 1) we are making a simple A-B-C correction on the higher time frame and we are currently on the( C)- wave up. 2) we are currently making a contracting triangle and heading to the top of the trend line which we will go down again for the final E- wave 3) the (A) - wave is all the correction and we starting a...

xavier_56

i anticipate a move to the previous top and the a continuation of the downtrend . i would wait for a corrective flag to break before i bay

xavier_56

the pair is currently started the the C-wave and i anticipate a drop to the 0.618 fib at least before we may see a reversal. to trade this pair , u have to search for entry on the lower time frame like the 1- hour , wait for a corrective flag either in the one hour or four hour and sell. Never jump into a moving candle.

xavier_56

THE Z WAVE IS COMPLETE NOW WE ARE GOING DOWN TO RETEST THE TREND LINE AND POSSIBLY BREAK IT TO RETEST THE PREVIOUS DAILY LOW BEFORE AN UP MOVE. WAIT FOR A BREAK OUT OF THE LOWER TIME FRAME TRIANGLE , A CORRECTION FLAG TO ENTER THE TRADE.

xavier_56

i am looking at the pattern as a falling wedge . we are currently at the e- wave after which i am anticipating upside. lets see how it goes. trade according to ur strategy.