LauJinwen

LauJinwen

Looks like its the smaller wave c of wave B now.

LauJinwen

Expect eurusd to be in consolidation mode between 1.15 to 1.18 with several H&S formation forming over multiple timeframes

LauJinwen Updated 

Currently it is it the B retracement wave of the ABC retracement. Get ready for a short position for an impulse move down (Wave C), with target around the 50 to 61.8% retracement of the first large wave from 1.13. After that, it is likely to see the third large wave up.

LauJinwen Updated 

Currently in the consolidation 4th wave. Expect a 5th wave up soon.

LauJinwen Updated 

Wave 2 at the moment in GBPUSD. I would like to see 50-61.8% retracement of the first wave as a guideline of my target. It could either be a flat or zigzag so far, though it looks like A =3 waves while B = 5 waves.

LauJinwen

There is a possibility that the 123 wave that was drawn is actually a wave 1, if you look at it on the daily chart, which means there could be a larger upside to euro, if today move up it will confirm that it is a wave 5 of 5

LauJinwen

Elliott Fifth wave of the fifth wave. Expect a retest of 1.17.

LauJinwen Updated 

Eurusd has completed its 4th wave shallow retracement and looks to be breaking the 1.1620 level resistance before heading up to next zone at 1.1700/40 level

LauJinwen

Look to buy on dips retracement near the 1.15 level to 1.1460 (50% retracement of wave i). Likely to be a retracement wave after the strong move in the last two weeks from low of 1.13. When the retracement is over, eurusd like to make a strong impulse wave three to break the 1.1625 resistance level.