Elliot waves analystπŸ“ˆπŸ“‰
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NZDUSD 4H ... unlike AUDUSD where price has shown clearly its intent to trade lower this pair might also start trading bearish on Monday but it may transition to bullish drive early before wave (c) is reached on AUDUSD
Since Bothe of these pairs usually move in a tandem, when you have a situation where they disagree I usually go on with both views but each view will be the alternative count for the other , say if price trades lower on both pair validating one view of AUDUSD and invalidating the NZDUSD count then from the point it does that I will be looking for shorts for both and Vice versa
USDCDA 4H . This pair in my book its still bearish but since we have completed five waves already am expecting it to start correcting on Monday . If in someway it decided to trade against the dollar index then am expecting it to continue bearish as it extends wave (5). But the highest probability move will be bullish correcting
GBPUSD 4H ... we have completed wave (5) so we should start the bearish counter trend move .its around this time where we usually see this pair trades bearish .
NOTE ; its dangerous and plain stupidity to pick a top on a bullish market if your not an expect . Even I won't start selling immediately I need more confirmation . So don't just start selling on Monday in fact wait for price to break the depth support on wave (4) for high probability shorts
EURUSD ..4H .. I have completely changed my stance on this pair because I think its close to impossible that price will maintain this bullish trend as price is having trouble to break wave (c) high . this mean the pair is straight bearish . my initial view although its of low probability its still valid so its my alternative count . Also unlike GBPUSD where price is still in strong bullish trend ,here price is actually making lower highs creating a DIVERGENCE which is a great signal that price is in fact considering starting to trade lower . So if you have to trade then trade this pair
XAGUSD(SILEVER)... I think we were having trouble to have a clear picture to count the initial bullish trend because price was trading a leading diagonal , if that was the case then last two week price was correcting that diagonal wave and since we have started the bullish move that means we have started the continuation of that bullish diagonal move . Look for buying opportunities next week
xXAGUSD (SILVER) 1H ... price should use this as the first wave to trade higher
XAUUSD (GOLD) 1h ... we are using silver as the leader currency on metal . So since we are expecting bullish ON SILVER we should also see simiral movement on XAUUSD (GOLD), this view is validated with this initial bullish impulsive move
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Forwarded from elliot wave anlyst
SELL EURUSD @CURRENT PRICE STOP ;1.17290 TP 1;1.17051 TP 2;1.16814
Elliot waves analystπŸ“ˆπŸ“‰
USDCAD
USDCAD 1H .... Note that we are still in the correction phase . Am not certain if the correction is over but we should see selling opportunities today . Remember although we are trading the correction our probability are still high as we are trading with the trend
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Elliot waves analystπŸ“ˆπŸ“‰
USDCAD 1H .... Note that we are still in the correction phase . Am not certain if the correction is over but we should see selling opportunities today . Remember although we are trading the correction our probability are still high as we are trading with…
USDCAD 4H ... like our analysis on Sunday we predicted the correction phase but didn't expect this elongated correction that has happened for the whole week . Price is completing wave (c) of a zigzag pattern this would allows us to sell the pair to target 1.35509 once the correction is done