Hi All,
It looks like USD is about to make a final push before a yearly decline of the Dollar move start happening. I am seeing this in the CAD, EUR, CHF and the USD Index.
The count for this pair is as following.
Wave 1: Impulse
Wave 2:
A wave - Impulse down from the top at 0.7835
B wave - I have this marked as a triangle as I am seeing higher lows and lower highs (Classic contracting triangle behaviour) with A, B, C, and D complete - Zoomed in detailed wave E count below.
C wave - A vs. C terminates around 78.6% retracement where the moves equal 100% so that is the market I am aiming for before a yearly long
Cheers
Don
Closer up wave E count
It looks like USD is about to make a final push before a yearly decline of the Dollar move start happening. I am seeing this in the CAD, EUR, CHF and the USD Index.
The count for this pair is as following.
Wave 1: Impulse
Wave 2:
A wave - Impulse down from the top at 0.7835
B wave - I have this marked as a triangle as I am seeing higher lows and lower highs (Classic contracting triangle behaviour) with A, B, C, and D complete - Zoomed in detailed wave E count below.
C wave - A vs. C terminates around 78.6% retracement where the moves equal 100% so that is the market I am aiming for before a yearly long
Cheers
Don
Closer up wave E count
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.