i still see that usd will continue to get weaker so im alaways looking for good entry points to buy other pairs against the usd dollar
i placed buy order at 0.7166 shown by green that should be the end of down correction 4th wave of five waves impulsive sequence
stop and take profit shown on chart
hello traders , my analysis show more weakness for the dollar against the Japanese yen i will take short term trades with every break of support levels shown in green doted lines
if the price reaches 104.78 this is where i will take long term trade as my wave count shows it will be the end of corrective 4 th wave
target for this long trade shown by red doted...
this trade is against the dollar weakling trend .. but im willing to take as my stop loss is just under the green doted line
this line according to my analysis is the bottom of the down correction and the price would move up at leat 80 % to the previous down move
This is how i see xauusd for the coming weeks
as you can see thet the price has been moving downside inside a channel and bounced up from 1.27 % of fibo extension based from the first impluse down and since it is forming a flat correction which suggest more down side is likely to happen as to my analysis the c wave of this flat corretion will end at 1804...
THIS IS HOW I SEE EURUSD WAVE COUNT AND DIRECTION IN THE COMING WEEKS .. THE UP TERND IS STILL CLEAR IN ALL MAJOR PAIR AGAINST USD WHICH WILL SEE MORE WEEKS AS THE STOCK MARKETS WILL KEEP MOVING UP
BEST OF LUCK