We are just coming to the end of wave 2 on the daily. Wait for the trend break to go for wave 3 long.
Once the B wave has played out then go for the C wave short. Entry point will be at the 1.715 mark or the extremely of wave A
This is my wave count for the EURGBP which forecast and ABC wave short.
As we ca see on the chart, Wave B is playing out as we speak. Once this has finished, we will see a nice wave C long
On The daily, we can see that wave 2 of (3) is completing. We will then enter the trade upon the wave 2 completion.
After the C wave completes this will then give way to the Third wave Long.
This has just reached the end of the B wave of the bigger 4 wave. C wave will run for the next 10 hours or so, so get in now for your friday pip collector.
This is a good short term C wave short trade which then will develop into a long term 3rd wave move up.
As per my GBPJPY Daily chart, we are in the 3rd wave of the bigger 1st. the third wave is entering its subdivided 5th wave up.
This is the start of a little ABC correctional pip collector before the 5 wave move Long.
This is the end of a ABC correction which started in December. We are now looking for a Long term 12345 wave Long which should go to 2.5000 ish. This Long could continue for the next 2-3 years.
Please read the note as I am showing 2 different wave count play outs. Either way it will be a Long.
ENTER AT THE EXTREME OF THE WAVE B SHORT ON THE WAVE 1 LONG.
This is my wave count indicating a wave 3 commencement short on the daily. Go Short on the break of the support trend.
This is the wave count for the EURUSD. You can pick a short term trade short or wait for the Long term C wave Long.
I am still anticipating a wave C move down. The A and B wave has taken longer than originally thought however, looking still depicts a move down to around the fib retrace of 50-61.8 percent. (136.00).