AnandYRaja

AnandYRaja

I have labelled the 2009 - 2015 move as an A B C ZigZag with an ending diagonal wave c The advance has turned at the point where Wave c = Wave a Wave c looks like an expanding ending diagonal. If this is the case a break of wave 4 of c should lead to a rapid move to the beginning of the diagonal which is at 4789. Bearish RSI divergence is present between...

AnandYRaja

Manchester United's share price looks like it is coming to the end of a 2 year contracting triangle. Price looks like it is in the process of making wave E 1) Look for a 3 wave move into the turquoise area (but not lower than $14.86 wave C) to complete wave E of the triangle 16.61 is 38.2% of wave 3 15.38 is 61.8% if wave B 2) When this is done...

AnandYRaja

EUR/NZD Has come into an area of resistance confluence. I am not in this trade at the moment but I am monitoring it for a possible short entry. NZD has been week for a few months now so I will need clear risk reward but this is an early warning of a potential change in trend. I have noticed the following points 1) At 1.66306 wave C = 3.618 Wave A 2) At 1.6612...

AnandYRaja

Looking at the weekly chart it looks like the NIFTY has completed a wave 4 decline and is starting a wave 5. The 40 level held on the weekly RSI held the 40 level at the end of wave Y and there was divergence on the daily RSI. I am looking for upside targets of 940.50 and 10390.22 I am still a bot cautions as the new impulsive wave is still in 3 waves so...

AnandYRaja

This is an bearish alternative view of EUR/AUD. It is still possible that it is making a big flat correction possibly finishing with an ending diagonal C but I thought I would do a bearish view as well. If this count is correct the next move is going to be a very dramatic fall. I have labeled the move up from the 28th April Low as a zig zag correction making an x...

AnandYRaja

Wave 1 or A I have labelled the move down from the 23rd June high of 2.3092 to the 25th June low of 2.26724 as a 5 wave impulse. Factors helping validate the count 1) The base channel has been broken to show wave 3 price action 2) This channel has provided support for wave 4 3) Wave 4 is 38.2% of the whole impulse 4) Wave 5 is 38.2% of waves 1-3 Wave 2 or...

AnandYRaja

I am looking at a possible inverted Head and shoulders pattern in GBP/CHF. It looks like we have broken the neckline today. The target for this pattern is 1.55 if the labeling here is correct and we have done a wave I and wave II of C 1.618 if I from II is 1.799 which is the ultimate target I have 1 trade long from 1.455 and currently have my stop at 1.45 (below...

AnandYRaja

I am looking at a possible inverted Head and shoulders pattern in GBP/CHF. It looks like we have broken the neckline today. The target for this pattern is 1.55 if the labeling here is correct and we have done a wave I and wave II of C 1.618 if I from II is 1.799 which is the ultimate target I have 1 trade long from 1.455 and currently have my stop at 1.45 (below...

AnandYRaja

I am looking at a possible long opportunity in EUR/AUD. I have labelled the move from the 1.3676 low (I see this as the end of a wave b) as a 1 2 with the 3 still dividing up. It looks like we have just made iv of 3 and are going for v. I have labeled iv as an expanded flat with an ending diagonal c. If this is correct the move should be very rapid. a break of...

AnandYRaja

I am looking at this move in GBP/USD to be the C wave of an expanded flat correction. I am looking for a little more upside to around the 1.53 to 1.5450 area before shorting for a move to around 1.42. I will have a stop above 1.5552 as a move above here would invalidate this count. Move below 1.4856 will help confirm the view.

AnandYRaja

I think we could have a contracting triangle forming in a wave B. If this is the case and we see a break of 2.10 we could be moving towards 2.16 - 2.31. For this count count to be valid 1.9296 must not be broken.

AnandYRaja

I am short EUR/GBP from 0.8200. I am looking at this a a final wave 5 of C of Z of 2. Ideally I would like to see this move into the 0.740 area.

AnandYRaja

I am short EUR/GBP from 0.8020. I am seeing this move down as a 5 wave C wave ending a Z Zig Zag. I have my stop just above 0.8050.

AnandYRaja

I am looking for EUR/CAD to start an impulsive 5 wave C. I am looking for this to go into the 1.30 area. I am looking for a move into the 1.44 area to enter a short with a stop above the 1.4637 high.

AnandYRaja

I am short EUR/AUD (nice roll over interest too). I am by no means seeing a strong AUD however I am of the opinion that we will see a weaker EUR with further monetary easing coming from the ECB. I am happy to stay short, because of the roll over, for an extended period. A break of 1.42 would give me extra confidence in my trade. a break of 1.5340 will invalidate...

AnandYRaja

To summarise 445 and 270 are the near term important levels. A break of 270 opens the downside to the 192 -132 area. A break if 445 validates the alternative count and would signal A move to 1200 and beyond. Personally I am looking for a break of 270 and a move to the 190 area before looking to go long.