A current wave count this pair and DXY show that the market will have a significant decline. The 15th on May EURUSD did a wave (4) at1.1465 and after that have fallen down in wave (5) with first target at 0.94 Current wave count looks like a sequence one-two waves. It is meant that the market will down to wave three (Wave ((iii)) ) with significant...
In previous idea I in details showed why this pair will fall down. What next? I think this pair have bearish trend with targets until to 0.95 Now this pair have a two count. My main scenario is that have ended wave 1 and will do a wave 2 in next several days to area 1.12-1.127 (50-61% of Fibo) with subsequent fall in wave 3 with a first target area nearly...
I am expecting one more up impulse in the DXY and if it makes Divergence will signal the start of a down trend. I will follow up on lower time frame for the end of this up move and the start of the down move. Remember we are still in a corrective structure on the Daily time frame which could make one more down leg before the up impulse starts. This is a long...
The consolidation, which continue almost 6 month ready to end. In previous I have reviewed triangle patterns, but a little bit wrong. Current marking looks more clear and fine. This pair left to do a wave e of wave (e) . If this count right this pair will have a good rise again, at least at 124.130 - there the leading diagonal has started in 2007. Usually, the...
In the previous idea I set a target price in diapason 1.148-1.15. On Friday the pair did a1.1465 , but wave count inside fifth wave looks ended, the pair has touched support blue line, also significant H4 MACD divergence, Fibo proportions (wave (C) = wave (A) x 1.618) indicate, that the pair already have a new hight or nearly the top . The best way for...
The bat pattern is now completed. Looking for price to retrace to FIBO 0.236, bounce for head and shoulder pattern completion. Then taking out support at 1.1907. And continuation of trend towards parity.
This pair have an excellent fall from 1.719 which started in June 2014. I marked in movement as wave ((1)) . The correction structure looking like a clearly extended flat pattern, which retraced a little bit more 38.2% from fall from top. This deep of correction not common for second waves. In general is equal 50%-61,8%, but not necessarily. Now the pair do a...
So, in my previous idea I wrote that the pair will go down, but this did not happen yet. Also, wave structure has changed a little bit (I waited a fall with good acceleration) and does not look a like clear impulse. Therefore I reviewed my idea to change wave count to triangle pattern as a main scenario. If it so, then now the pair doing a wave X with next...
Dollar Index still be in wave ((iv)) . Now it is looking like a clearly flat correction with target at 93 = wave (a) x 1.618. For end this flat correction wave (c) must to do a wave iv and v at during few days. The price at 93 is significant level. Need to see, how the Index will achieve this price: a. all subways must be end b. oversale c. divergence:...
Technical : on chart Fundamentals : Improvement on Non Payroll farms (223.00K) CAD Net employment drops- 19.70K USD rate hikes still on board. Unemployment Rate for US - 5.8% staying constant. BOC stays neutral / dovish.
Hi all, This is an update to the Short OGE Trading Plan, which is about Trading a Double Top Pullback. The Earnings Release on 7 May 2015 showed better than expected results. This has driven price to open higher at 32.23, reaching as high as 32.38 before closing the day at a loss for $31.96. This price action shows that the Earnings Release has failed to...
Well, the pair did not going rise upper that 1.14 how I expected. Wave (v) have ended at 1.13906 by extended diagonal. My order closed by SL at 1.127 today. This ending of wave give a point for start an opposite movement of trend. In current wave count show, that this opposite movement is just a correction wave ((iv)) . In common retracement for fourth waves...
Technicals on the chart. Fundamentals : Cad is borderline neutral. I would personally lean dovish. Data for CAD is mixed. WTI crude is really driving the direction. With Crude putting in a decent correction I would lean towards Crude now settling near 54. Supporting this trade. AUD - Rate cut happened 25 points! Now what? AUD sentiment is more neutral /...
I have waited the correction at 1.11 level, but there was more deep to 1.1065 with combination structure - double zig-zag. The depth of this correction may say about happen alternative count: 1.128 = wave (3) 1.1065 = wave (4) It is does not much important, because it is does not cancel rise again. The structure of correction looking ended, although...
I am still looking for short position in this pair. Wave count show that movement from 0.80745 looks like a impulse wave (this count in related ideas) and have ended. Now the pair are doing a correction wave: now it is looking like a zigzag (I will show a detail structure I will show at 30M chart later in comments). In typical retracement for wave 2 it is a...
Technicals on the chart Fundamentals : US GDP was weak but blamed on weather. Fed's Williams: June rate hike would require 'good' improvement in labor market, inflation. We have some critical data coming up this week Non Payrolls. US nonfarm payrolls increased by 126,000 last month after a downwardly revised 264,000 rise in February, the smallest gain since...
EURNZD seems to be making an uptrend coming off the ALL time low. I will be buying as long as the trend holds. Check the past post for this trade call. Please share your views, like (click the thumb at the top of chart) and comment.
The structure significant changed from my previous idea about triangle. At the present time this structure getting look like more as flat correction. The movement from 1.052 looks like impulses waves: (i) - (ii) - - . If so, the next rise will have a good acceleration and grow at least to 1.119 (wave (iii) = wave (i) x 1.618) If flat pattern will occur, then...