There is still downside in the pound !! Be warned...
I cant see how anyone could count this differently... but we all differ.... Anyway.. Just know that the bounce forming in GBPUSD is not the buy opportunity yet.... Watch for the wave 5 Bottom to buy.... This bounce is only a wave 4 correction. I am looking for a bottom around the 1.9200 area
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10652&stc=1&d=1200422235
Will USD go straight to 97?
I agree with Jamie that USD/JPY is heading to 97 to 100, however will it goes directly in this panic selling? There is a trendline in 105, and also if wave a equal wave c, it may stop at 103.5/104. If we notice monthly chart, seems USD/JPY always built Shoulder, Head & Shoulder in the previous two attempts to reach 100. Will it also create the shoulder in this 3rd attempt. If its true means, there will be a sideways between 105 to 114.6 up to 117.8 in the next 8 to 12 months. Is it possible with the current credit crunch madness?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10648&stc=1&d=1200420309 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10649&stc=1&d=1200420654
Will EUR/USD double top & Usd/Yen rebound?
Anyone notice that when Euro down from 1.4966 to 1.4309 that was the time USDJPY rebound from 107.2 to 114.6. And when Euro rebound to current level, Yen also weaker to current new low. Anyone see any possibility that Eur/Usd is making double top with MACD divergence? Or else Yen really will go straight to 100/97.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10654&stc=1&d=1200422858
about kiwi, i think we can keep your previous count too : (daily chart)
http://img89.imageshack.us/img89/1167/kiwihh7.png
BTW, have a look at this picture
http://www.learncurrencytrading.com/...1&d=1200423283
it seems to me that the retracement will be either in the 50% region or 61.8% region http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gifAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10655&stc=1&d=1200423283
hi guys
the high of wave 1 with my count acted as a support for wave 4 (the thick pink line)
http://www.learncurrencytrading.com/...1&d=1200439485
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10661&stc=1&d=1200439485
Usd Chf
Hi guys,
I am seeing bullish signs in USD/CHF Daily Chart
as gold is in its 5th wave, my counting shows that USDCHF is in its fifth wave too. Also, MACD showing bulish divergence http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10666&stc=1&d=1200464910
Eur/jpy http://www.learncurrencytrading.com/fxforum/images/smilies/cool.gifmy view of EUR/JPY
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10663&stc=1&d=1200456588
Gbp/jpy
this is my view of GBP/JPY http://www.learncurrencytrading.com/fxforum/images/smilies/cool.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10665&stc=1&d=1200461678
EUR/NZD setting up for large breakout in coming months
Look at how perfectly this triangle is playing out in EURNZD... My bias is for an upmove at the end, but either way it doesnt matter.... Play it safe and catch the break of the triangle in either direction http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif Looks like we have atleast a few more months of consolodation in the pair, so this is just something to stick on the back burner for a little whilehttp://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Any Comments Welcome http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10664&stc=1&d=1200458072
This is my opinion friendsAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10657&stc=1&d=1200426017
Usd/cad
Here's a follow up to my earlier post (a bit messy I know)....just finished a 3rd wave in a lesser degree, sold most of my long at 1.0255, and re-entered at 1.0180 for another run higher for the completion of another 3rd wave of a slightly larger degree...stop at 1.0120 which makes my short term count wrong.....other counts welcome on this one......
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10669&stc=1&d=1200496089
Eurjpy
Anybody looking at the same thing for the EURJPY ?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10671&stc=1&d=1200498030
something in this direction
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10660&stc=1&d=1200433577
http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10672&d=1200498315
my view of usd/cad
From the daily, I believe that we are in 3 of 3 on the way down to 97ish....thus this count on the 15 minute....first opportunit to short is 107.20/40 in my view against 108.33Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10674&stc=1&d=1200499789
GBP/JPY double zig-zag ?
Hi everybody,
it looks to me as if a double zig-zag is complete or almost to completion. Next move probably higher. Any thoughts on that?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10678&stc=1&d=1200505803
Usd/Yen
Here is a look Taday's price action chart.......http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10676&stc=1&d=1200500604
Eurgbp
I think wave 4 is on its way down, while MACD is showing bullish signs, which could mean that wave 5 will start after wave 4 !!!
what do u think guys ?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10679&stc=1&d=1200507457
Heres my count for the Eur/Jpy. I see us going down to at least near 152 before wave III is over. I think its making a good run for that 200 week moving average (although not shown in this chart) which is at 145.53 and it should do so in 5 waves. Yet another reason to be bearish Euro.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10680&stc=1&d=1200507736
if that is correct count,maybe something wrong in weekly count which i have had befor,and maybe time to reverse euro in big picture is as early as i expected,every one who bought euro with siutable stop just lost a bit...this is real trade
happy trading
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please discuse about this......
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=10685&stc=1&d=1200511666
Gbp/Jpy
Today's Guppy Elliott Wave Charts .............. http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
Looks like we could have found a bottom ?
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Only a Probability ! .......................Not Cast in Stone !
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