Eur/Usd
See here this chart also :
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While I am still USD bullish, I want to point out that the EURUSD is currently testing the parallel line that often signals the end of a 4th wave...so be careful about getting too aggressive right now...still, the next support level is not until mid 1.4300Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=9963&stc=1&d=1197642512
I haven't commented on gbpjpy in a while because i have been concentrating so much on the eurusd. Now that things have worked out there, I feel free to comment on gbpjpy.
This is a 15 min. A strong decline is likely in the next few hours....price is likely to come under 227.42 in a iii of C. Look for a bottom in the 226.90 area (61.8% of 224.79-230.33). Whether this happens today I do not know...but if not today..then Monday.
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AUDNZD looking good !
I'm frothing like a dog waiting on this one ... lol Today's candle on the daily looks like it's going to finish off as a dragonfly doji, which was preceeded by a doji and a hammer nearly right on the 78.6 level. If today finishes as a drogonfly doji, I think the sunday open is a great spot for a long !
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after the close audnzd
Didn't quite get the dragonfly doji I was looking for at the close, however given the price action right on the 78.6 level, (a hammer and double doji) I think we're close to a bottom if not there http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif Just want to see some convincing candles and that downtrend line broken first for safety sake http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif Patience GrassHopper http://www.learncurrencytrading.com/fxforum/images/smilies/tongue.gif
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Gbpusd It's uncanny how the recent high in this pair reversed right off the long term channel resistance line .... Still I believe we're in wave 3 up.. so pullbacks should be shallow. ANY THOUGHTS ???
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Hey guys, heads up. As long as the Yen doesn't make a new high above 112.66, an ending diagonal c wave looks complete. As long as we don't make that new high, a breech below 112.25 is the initial signal were headed much lower.
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if agree with this chart,is it the best currency for trade in weekness usd again now!!!!!!any suggestion
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UPDATE TIME ,
Here we are now today :
Just look at how price has now blasted through the 50 % Retracement Line
Price action now moving toward an " End of Wave C" ,,,,,, Is It over now?Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=9976&stc=1&d=1197844360 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=9977&stc=1&d=1197844379
Attached Imageshttp://www.learncurrencytrading.com/fxforum/images/attach/bmp.gifAUDJPY3.bmp (594.1 KB, 43 views)
Gbp/Usd
Now What ? ..........
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Gbp/Usd
Update Chart :
( See original post just above )
Price action from last nights post decline an has made anEnd wave 5 it seems .
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AUDUSD In Wave C Down ??
This isn't cast in stone but I think it's worth keeping an eye on ! If this count unfolds ... .6772 will be the buy of a lifetime. -- Jaime.. What is your current count for AUDUSD ??
-Brad-
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AUD/USD VS GOLD Relationship Interesting No ???
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Cable is starting to look interesting for a long trade. I don't know if will get to 2.0030/40 area where there is a confluence of wave equal to wave and big wave(c) equal to wave (a). Also I see some divergence starting to form.
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Hi Jeanne , why not ask Italm or eg88 ....... for a wave-count on the Gbp/Jpy
I know the feeling whenever you call forums like these ,
- their main interest is to open an account for you ........
Always remember ,
they make money if you win or loose in a trade position ...
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Anyway if you ask Italm ,
Im sure he will post a chart for you right away ,
Eg88 ,also posts alot the Gbp/Jpy pair it seems
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Here is a Mid-Term picture that may be occurring ( 4 Hr Bars )
This is only a Probability !................It is Not Cast in Stone........
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Have look here : See chart belowAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10004&stc=1&d=1197919315
BrianFX...just to clarify, I wanted to post a chart. This is the structure that I see in the EURJPY. While price could exceed our stop, we are in at a very good price and I do eventually expect a big drop. While it is possible that a larger correction is playing out, I would rather be patient and wait it out rather than lose my position.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10020&stc=1&d=1197988782
This is my AUDUSD count. I see wave C (in a large A-B-C from .4775) as in progress now and it should end near 1.0000Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10019&stc=1&d=1197987512
Any Upside left in the Euro ??
Ever since I saw that completely bearish engulfed candle on the weekly chart about 3 or 4 weeks ago I've been expecting a downturn, but I think there is some room on the upside for a correction. I will look to get short if an ABC correction plays out.
ANYONE GOT A DIFFERENT COUNT ???
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Hey Market,
Thanks for the vote of confidence. I however, don't think Jamie is as you say he is. We all here to help each other out and in the process help ourselves out. Its the law of the universe. (don't worry, i won't be turning all zen on you or anything...lol). Anyways, I for one appreciate what Jamie does and the 3 months Ive been here, Ive always seen Jamie answer all questions as best he could. If a question is directed to me, I try to do the same. Truth is, Im sure Jamie is not glued to his computer 24/7 and that could be why his answers are not as prompt as you would like sometimes, but he always comes up with answer and for that, I d like to take this oppertunity to thank Jamie for all he does with this forum.
Now back to Markets request regarding the GBP/Jpy. Truth is longer term waves are fairly easy to count. Its the subdivisions that are tricky. I could make a bull case as well as a bear case regarding this pair. Im more in tuned with the bear case, but we seem to be at a cross roads regarding what will happen. A bull would be looking at this and saying, Ok, heres an abc flat correction and were about to explde to the upside. However, a bear would look at this and say, were in a ii of 3 down or C down. (thats my primary count right now. So in essence, we could make a new top but if we break that august low (1 or a red), you will see an free fall like youve never seen this pair do before. Wish I could help more, but my crystal ball is still a little foggy.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10005&stc=1&d=1197921049
wow....very silent here.......i love it
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i agree wave c in process too......
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