Briankirorio

Briankirorio

upward break

Briankirorio

3rd touch of trendline ... will it be broken ? or will price react to it

Briankirorio

waiting for a downward breakout trendline already retested suggesting a futher drop

Briankirorio

waiting for a reaction to the trendline

Briankirorio

waiting for break of channel

Briankirorio

a break beyond b as in all cases should be an early sign of an end in correction and possible continuation of the uptrend

Briankirorio

sell stop order at 1276.34 this will be the c wave of wave 4

Briankirorio

trendline broken forming wave 1 probably''''' expecting a retest of the trenline after which prices will rally upwards providing a chance for long entries

Briankirorio

wave c of the correction is complete as the correctiion seems to be a zigzag expecting prices to begin falling would only be fair a confirmation based on trend is paramount be before considering going short on gbpnzd

Briankirorio

nzdcad in the abc correction contained within a channel should be a flag in a higher trime frame an upward break should confirm resumption in the uptrend

Briankirorio

STILL PLAYING WITHIN TRIANGLE

Briankirorio

ending triangle which should see the uptrend resume

Briankirorio

triangle formation

Briankirorio

wave 2retesting the downward sloping trenline before we resume to wave 3

Briankirorio

uptrend confirmed as prices moves beyond the previous point b making it wave 1 .we can also see a head and shoulder formation awaititing completion should this be so completed which coincides with the third wave of elliots wave we should see a rapid move in price

Briankirorio

c motive of correction expecting a final 5 wave move

Briankirorio

gbpaud wave one complete confirmed by a move beyond the previous high a break beyond the new high should confirm the 3rd wave of a minor degree

Briankirorio

we are most likely seeing the beginning of a c impulse wave which should see prices target point b and perhaps even further. the second most likely scenario is a 3rd wave... in both scenarios given prices break the downward sloping treandline should target the previous high and beyong even