elyte

elyte

Price remains in a channel and this is my adjusted view. A move 1120 is still possible with 1190 as the invalidity level. I started the short from 1250 ,exit parts and added at the break of each of each rising channel. My stop loss is adjusted at 1190.7 as I hope I make the final kill

elyte

With Euro expected to continue its bad performance and Yen pairs overbought, Eurjpy may be one of the best Euro pairs to be traded in the bearish mode. I will wait for price to dip to 118.49 and sell at 50% retracement at 120.122. Stop loss placed above wave V (in blue). I will target at least 117.

elyte Updated 

Is this triangle pattern a good proof the Eurusd will continue falling. I expect a fall to 1.04 especially if price breaks below the triangle at 1.0575 I am bearish. I have to add this to my close watchlist which was not part of it in the video i discussed yesterday. Enjoy the bearish ride as we await the NFP

elyte

I was expecting this breakout. Now that it's happened. I will wait for a pull back and go for a real sell. Stop loss to be placed at 1.07 and target at 1 or below. This sell could last till the end of the year. If the FED rate hike expectation this month also comes in place, then the 1.0 is not far fetched

elyte

Is this triangle pattern a good proof the Eurusd will continue falling. I expect a fall to 1.04 especially if price breaks below the triangle at 1.0575 I am bearish. I have to add this to my close watchlist which was not part of it in the video i discussed yesterday. Enjoy the bearish ride as we await the NFP

elyte

Price completed a double zigzag pattern awaiting a proper breakout. I want to target 1.6433 and 1.5960 Stop loss at 1.69991. I discussed this in my last video.

elyte

I think there may still be more move downside for GOLD to 1155 before a the expected bullish move. In case of a bullish break out in this, I will put a buy order with stop loss below the last point. Watch my video on YouTube and subscribe to the channel

elyte

Just like Usdjpy and Gbpjpy, the Eurjpy is about ready for a fall. I will look forward to sell at 120. Stop loss at 121.8 A good Elliott wave pattern completing at a highly likely region of reversal. Watch the video of my watchlist on my YouTube channel and subscribe to get regular twice a day video analysis.

elyte

Just like Usdjpy, a bearish move is imminent in Gbpjpy and Eurjpy. An impulse wave completed at a good level of reversal. I intend selling if there is a proper breakout. A more aggressive outlook is to sell at 142.63 with stop loss above 145.2.

elyte

I expect UsdJpy to fall from here to 106. But I want to wait for price to show a good commitment. An Elliott wave pattern completed at a very good level is the reason for my decision. I intend adding Eurjpy and Gbpjpy shorts as well Who is with me on this one?

elyte

It's simple: Buy at breakout. Price expected to rise to 1.485

elyte

Price is expected to resume the early bearish move it started. Price presently resting close to 61.8% retracement after the RBA interest rate release. Check my blog for regular high probability forecast

elyte Updated 

A further drive to 1.7060-1.71 is expected and market is expected to be contained at this level. A bridge below this level and 1.7027 will render the contrasting triangle invalid. If price is contained above 1.7027 and breaks the triangle upside, a rally move to 1.7715 is very likely before we would look for more short opportunities. Read the full analysis...

elyte

We saw the break of the triangle last last week. The break could end as an impulse wave. The expected impulse wave is at wave 4 and a dip below is expected to probably 110 and 108 price level.

elyte

An intra day selling opportunity is emerging.

elyte

A Gartley pattern may be formed at 163 to complete the second leg of the correction. Price will be expected to dip from there to around 157-158 price levels. Visit my blog

elyte

The last leg of the long term triangle has formed. price responded with a move downside. A correction follows and we need to know if it's a double zigzag. A break above the channel will confirm that. Otherwise, price could resume higher for a triple zigzag before further dips

elyte

After the completion of the first leg of the correction, we should now expect a rally upside.