AUDUSD 4H .. watch how this trend which is a perfect bullish , now as per our yesterdays discussion am suggesting the trend will change but that doesn't meant price will change but my analysis led me to believe that will be the case and I might look for selling opportunities but the risk are extremely high the best trade will be selling for wave C

NZDUSD 1H... there should be another bullish push to finalize wave 5 of wave (5)

Lets look at yesterdays ideas and see what was wrong and what changes ...first the vote was even 50 % said they are bullish and 50% said their bearish . Its not about who is right and who is wrong is about what was your idea going forward .as I said the trend is bullish until price stop making higher highs and start making lower lows and the the first thing you could see the first ideas is in lower timeframe

EURUSD 15 MIN

So if we were look for selling if price is making lower lows

XAUUSD (GOLD) ...agins if we were to look for selling opportunities it would be on wave (c)

Go back to what we were discussing yesterday , if you have any problem come and ask for free I will explain . DO NOT ASK ME FOR SIGNALS I WILL NOT ASNWER ... come and ask me anything about elliotwave and how the strategy will fit your trading style . @mwakasole

There is an example I want to share here especially for those wanting to trade in smaller timeframe

This is USDCAD CHART 1H we are expecting bearish to continue as the pair is heavily bearish but we know there should be some bullish pressure (correction waves) that will allow us to continue selling

This is a 15 min chart

Lets see if regardless of that view of potential bullish correction what if we just keep looking for selling opportunities

Here what did this fail

SO lets revisit yesterdays case .. despite being bearish selling at that point in time didn't work . So the correct answer is even if your trading 1 minute chart you must have one timeframe that you watch price , your 1 minute is your execution timeframe only . you do not watch price on the timeframe your trading . So in our case the 15 minute was the timeframe we were watching .

Once the 15 broke the depth there .(broke the low it signals the willingness of price to trade low . Remember we have identified the pattern being a zigzag correction so once price broke the depth line we are go for selling

That the trade

IMPORTANT THINGS TO LEARN FROM THIS CASE . 1. Have at least 3 timeframe that you watch price , your larger timeframe, it gives you the overall direction . The count here means a lot in the long run. The second timeframe is for counting price in that particular day or session . This is important because if you get a good count here trading in the lower timeframe is much easier and higher probability . The last timeframe is your trading timeframe you do not go to this timeframe until price in your medium timeframe has shown you its willing ness to go in that timeframe your about to trade . This timeframe is to trade only so that you get great risk to reward

2. Alway remember you don't target trading in the direction on that higertimeframe direction is of highest probability