EWFAxel

EWFAxel

- I could say gold in short term is bullish, but in the long is bearish. - These are the bullish options -The 3rd option is that down trend has resumed to new highs

EWFAxel

The 1300 area seems key pivot, lets wait for the reaction there. If you want to know the targets,... join us =)

EWFAxel

-UsdJpy The area where this move could end is around 94.50-96.80 -EurJpy The area where this move could end is around 127.75-129.90 -Buy the Dips.

EWFAxel

Long Trade Buy 1.2880, Limit 1.3300 Stop 1.2730

EWFAxel

Tripple Corrections Correctives structures in EW, These are kind of hard to predict And are formed for 11th swings AT some point i thought that an ending diagonal could take place (previous daily chart) due to the 3 waves back, and then the 7 swings. Anyways, im buying the 11th swing Im taking the long either to 1.33 or higher

EWFAxel

-We knew in the service that cable did 5 swings to downside (and not 5 waves) -Trend in 4h and 1h turned lower. -So, we expected another 5 swings to complete the EW structure. (ZigZag) -The pair is bouncing at the equal legs from the cycle 1.6347 to 1.5652 -You can check the previous chart here

EWFAxel

There is a possibility that an ending diagonal is taking place in this daily structure. Where wave 4 is underway. if it does, i will start creating long positions around 1.3255 looking for 300-400 pips profit

EWFAxel

- Gold remains within the downtrend channel, - We dont have any reason to believe is a buy, The 4h y 1h trend are down, - My prefered path is the pair reaches the channel and short it from there. (blue) - 2nd option, it does a small pullback and from there the downtrend resumes

EWFAxel

Im already long @ 1.3353 - Im playing the option for a new high within the next days or week or... (blue) - the pair does a "b" wave correction and then stop me at Break even (red)

EWFAxel

- Zig Zag (elliott wave) - We have 5 waves down, me might expect another 5.

EWFAxel

I have been expecting for couple of weeks the test of the higher trend line resistance. In The 1695-1713 area we can found the confluence of different fibonacci levels from different cycles (4h & 1h)

EWFAxel

- 4h Cycle is over, next.... corrections are coming - Daily trend is bullish, so we might expect a move higher.

EWFAxel

Euro is calling higher Due to the lately strong correlation and structure between these two pairs, The CAD is weakest and both are calling for a swing higher