Briankirorio

Briankirorio

awaiting an end of correcion

Briankirorio

gbpjpy seems to be playing within a channel pretty well the wave count seems ok and would imply we should see prices fall lower to complete the 5th wave

Briankirorio

wave count in 4hr timeframe wave count would imply c wave is not yet complete.still we are certain we are still on a downtrend on the daily chart.waiting for confirmation that the correction is over

Briankirorio

eurnzd is without any doubt on a period of correction before prices rally further down .this should happen when wave c comes to an end .but it is important to note the correction is not yet over until we get a confirmation

Briankirorio

triangle was succesfuly broken followed by a sequence of lower lows.point 1.1275 should provise a perfect entry point for a sell

Briankirorio

BE IT AS IT SEEMS THE EURUSD IS PLAYING WITHGIN A TRIANGLE ... I CANT SAY WETHER IT IS A LEADING OR ENDING TRIANGLE BUT THIS MAY JUST BE A CORRECTION SUPPOSE THE TRIANGLE IS BROKEN ON THE LOWER SIDE THE DOWNTREND WILL RESUME WITHOUT A DOUBT BUT IF THE UPPER SIDE IS BROKEN THIS WOULD BE A LEADING TRIANGLE

Briankirorio

THE WAVE COUNT POINTS THAT WE ARE IN THE 5TH WAVE WE SHOULD SEE PRICES FALL ALITTLE LOWER AFTER BREAK OF THE FLAG

Briankirorio

bvigger picture for CADJPY if the channel is broken then WAVE 3 of the supercycle is in its way we should expect a massive bearish move igf sucha break does happen

Briankirorio

the lower trendline of the channel has been touched ,,, waiting to see how price reacts

Briankirorio Updated 

i think a break below 0.7200 should signify the downtrend is resumed as the channel will have been broken

Briankirorio

making a follow up to see whether the lower trendline of the channel is broken so i can make a sell

Briankirorio

i would say this is the end of a correction hopefully the hheand and shoulder formation completes for entry and confirmation of the downtrend

Briankirorio

end of a grand dupercycle correction

Briankirorio

we should be in the third wave of elliots lower trendline of the channel was hit and new highs have been forme which would indicate prices will rise further

Briankirorio

minor impulse complete a pull back to one of the levels before the downtrend resumes

Briankirorio

the eurusd seems to be in an correction mode on wave c to be precise . if prices bounce off the top of the channel as expected we shoud see price break the trendline within the channel as the impulse 5 wave should drive the market much lower

Briankirorio

MOST LIKELY WE ARE RIDING THE c wave of a correction before we see a further decline in priceif price break the small trendline contained within the channel we might see bears take over again

Briankirorio

CADJPY MAY YET SEE A RALLY DOWNWARDS IF THE WAVE COUNT STANDS WE MAY BE IN A SIDEWAYS CORRECTION,WAVE 2.AND THE BEGGING OF AN AGRESSIVE WAVE 3 WHICH WOULD SEE BEARS RIDE THE MARKET FURTHER DOWN