Elliot waves analystπŸ“ˆπŸ“‰
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Elliot waves analystπŸ“ˆπŸ“‰
This is a theme to all major pairs (EURUSD CADUSD GBPUSD NZDUSD AUDUSD CHFUSD) so unlike the past two weeks avoid swing trading this week just in and out trades only
AS we forecasted last week that this week will most likely be a correction week no major price movement did occur as our forecast . Now the week that will follow will most likely be a continuation but it won't start straight away I think major moves will most likely occur from wedges day
THE DOLLAY INDEX (DXY) as you can see the dollar index is completing the final moment of wave (c) as it has closed this week within wave 4 correction. our forecast is that its will open trading next week on the same wave 4 then hopefully on Tuesday complete final wave 5 completing this running flat then price will most likely start the bullish continuation
GBPUSD1H .. on the higher timeframe price is moving on the bearish trend that is very strong and has been in that trend for more that 2 month , our forecast relies on the continuation of that bearish trend with price trading up on Monday to complete wave c OF A ZIGZAG pattern before price continue with the bearish drop
EURUSD 1H ... out of all major pairs we have perfect delivery on EURUSD , price is trading on that final moment of wave C which will have delivered price to the targeted depth of correction form that we will be looking for selling opportunities
AUUSD 1H . Since we are we expecting a delay before price start trading lower I think we will most likely be forming an irregular flat of which its wave (c) will most likely for an ending diagonal
USDCHF 1H .. this pair has mirrored the dollar index perfectly so the idea is the same , we will be looking for buying opportunities since price has theoretically completed the correction phase on wave (c)
USDCAD 1H .. straight forward we will be trading that final wave 5 of the ending diagonal wave (c)
XAGUSD 1H .. (1H) silver price will be trading toward the final wave 5 of the second zigzag on this double zigzag pattern (W,X,Y) . From that we will be looking for selling opportunities as price will be trading the final wave (5) of this longterm trend
XAUUSD (GOLD) 1H . Unlike other pairs, the approach on gold will be completely different as I will be looking for selling opportunities on Monday because my calculation is that the correction phase ended yesterday
It should one a great trading week next week . And all trade signals for the above pairs will be posted on our VIP group . Contact me @mwakasole to join
We had GBPUSD TRADE today on our VIP
XAGUSD 1H..there should be a selling opportunities here as we are approaching wave (5)
OKEY MY PEOPLE THIS WEEK THIS IS WHAT I WILL BE TRADING ...
NZDUSD 1H . I think this pair will open bullish to complete wave 5 before we start the bearish drop
USDCAD 1H ... after price has completed this running flat on wave (4) we should start a buying program as price will continue with its bullish trend and form wave (5)
USDCHF .. from last week analysis price will keep continuing up in that trajectory
USDJPY 1H . We have completed a correction phase of this wave sequence , so we are now in the continuation . I have not designated higher timeframe weaves on this pair because the pair is in a very strong bullish trend and we are trading micro subwaves on 1h which