cable count
we are now in wave 3 of C and this will be confirmed if the previous high of 1.9970 is taken out. then minimum expectations will be wave1 = wave 3 which will be around 2.03
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12094&stc=1&d=1204732995
Hello Market
Thanks for your post. My GBPUSD diagram is different; please see below.
I am careful with the overlap of wave 1 and 4. I even drew a blue line to make sure that there is no interference, haha.
We don't want to open the Pandora Box with small overlaps again.
MikeAttached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12099&stc=1&thumb=1&d=1204734192
Euro/Usd
( 1hr bars )
Here is a look at today's Euro Wave-count
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Here is a look at what may be occurring ...... http://www.learncurrencytrading.com/fxforum/images/smilies/smile.gif
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Only a Probability ! ....... Not Cast in stone !
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Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12101&stc=1&thumb=1&d=1204741281
http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12107&stc=1&thumb=1&d=1204749723
cable update
wave iv is forming now and is expected to retrace b/w 23.6% and 32.8% of wave iii before a push above 1.997 to complete wave v.
when wave v completes i will look for a considerable pull back to reenter my long position.
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12103&stc=1&thumb=1&d=1204742408
Please see my sketch belowAttached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12104&stc=1&thumb=1&d=1204742625
Is the correction finshed? It certainly appears that way.
Or are we still waiting to see 1.989?Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12108&stc=1&thumb=1&d=1204752435
I'd like to see a restest of 1.9890 where there is a lot of confluence such as 32.8 fib level, top of wave (e) of B of 4 and also a former resistance which now should act as support.
I'm a bit confused though. I went back and cheched Chucky's count for cable and it looks like he's having today's upmove as wave 3 of C where I see wave 5 of C.
Chucky, do you mind posting 1H chart ?
ThanksAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12109&stc=1&d=1204756847
Aud/jpy
Hey guys,
I think that an expanded flat could still be forming for the wave two correction in AUD/JPY. If so, then it should be just about finished. The 161.8% Fibo of wave one gives us an 817 point target for the wave three decline.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12111&stc=1&d=1204757885 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12112&stc=1&d=1204757891
Eur/jpy
Here's another chart of the JPY crosses supporting another little move higher in AUD/JPY. This one is the EUR/JPY. One more high is required to complete wave 'C' of the wave two correction. This upcoming wave three will be a nice trade as well with a target of 885 points (161.8% Fibo).
Happy Trading.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12114&stc=1&d=1204758845
Aud/usd
Well my fourth wave triangle idea went bust today and I missed that nice rally. But not to worry, the bull run is confirmed with five small waves to the upside and a correction should be forming now that will offer a good place to enter this trade. I'm looking to get long at ~0.9300 or so with risk at 0.9215.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12118&stc=1&d=1204760105
Usd Chf
I think that I have an idea, what is happening with USDCHF now, as we are in Wave 4. It looks like a triangle to me; this time I made sure that I am getting all legs in 3 waves, LOL, thanks for pointing it out.
If you guys are long (for once, i am), i will be getting out around 1.04
Mike
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12122&stc=1&thumb=1&d=1204765807
EUR/GBP.........looks like an ending diagonal to me.
What do you guys think ?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12123&stc=1&d=1204766221
Usd/cad
There are five waves down on the short term charts in USD/CAD. We can expect at least one more drop to new lows below 0.9834 in what could be either a wave 'B' or a wave 3.
I agree with the chart that Picolo posted the other day showing price heading lower in wave 3 of 3 (visible on 4 Hour & Daily charts). The price of commodities are continuing to rise, so I can easily see the CAD continuing to strengthen against the USD.
On the chart attached, wave three was extended and waves one and five were equal to each other within 6 points. Elliott Wave proving itself yet again.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12126&stc=1&d=1204772546
I am sorry guys, I went to sleep. it is a 1 hr chart and that is what I am posting now. wave v should be completing now unless it is extending which i doubt since wave iii extended. like i said earlier, i will be looking for a correction soon to between 1.9850 - 1.9900 or maybe down to 1.9800 ( 61.8%) to renter the longAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12130&stc=1&d=1204793708
cable
this is my close up count for cable. first is a 15 min chart and second is the 1 hr chart. expecting one more high to possibly test 2.00 b4 retracing to about 1.9850 region.
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12132&stc=1&thumb=1&d=1204794613
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12131&stc=1&d=1204794189
hi mike,
seems the boat has sailed. if my count is correct, i will be expecting another retracement b4 another low after the completion of this thrustAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12133&stc=1&d=1204795638
Remember this chart from yesterday afternoon ?
- Now here we are this morning ,......
A Bull Flag was there Indeed .............http://www.learncurrencytrading.com/fxforum/images/smilies/wink.gif
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http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12148&stc=1&thumb=1&d=1204818780
gbpjpy
wave v of c is on now. looking to flip my position to short 209.00. that will be near the 61.8% retracement of the move down from 213.50
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12138&stc=1&thumb=1&d=1204805602
cable
guys,
my updated count on cable. since i believe gbpjpy is going higher, cable will most likely play out the scenario i am presenting. thus i am expecting resistance around the 2.01 level
Attached Thumbnailshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12143&stc=1&thumb=1&d=1204809142
chukky,
cable stopped almost exacly where it was supposed to. I'm keeping an eye on that upper resistance trendline. Sure if it's broken we'll see 2.0100Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12144&stc=1&d=1204809811
Aud/usd
Hey guys,
Here's a possibility for AUD/USD. Wave two may be complete and price could be turning higher now. It looks like wave two could have been a flat correction. Wave C ended right in the territory of the previous wave four of one lesser degree.
Any thoughts?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=12152&stc=1&d=1204821281