USDCAD H4 Chart Wave Count Short I have Drawn the wave structure of USDCAD as per based on my experience .
On Today's NFP Data It would be upward movement to complete (e) ,,,with this the Diagonal/ Triangle will be finished and the 4th tooo.
for Red extended wave count 12345 will finished at 1.21750
Now we are Left with Blue wave structure
4 up till 1.25750 and 5 down till 1.20000
USD CAD is done forever .. I will not see the Price Level in my Life Again .
Bye Bye forever CAD as single Currency,,,, CAD weaker forever from this Level .
Elliot Wave By mazchaudhry
Elliotwavecount
Nifty elliott wave analysis, one more impulse after correction.Hi Guys, This is analysis cum educational ideas, nifty has one more up rally inside its 5th wave of bigger 5th wave of impulse. current downside movement will be correction, after that rally nifty will go into deeper correction, some may call it as crash but it will be just bigger monthly corrective phase as third wave completes.
NZDUSD Elliot Wave count ShortContinuation from my Weekly chart .
We are in complex structure WXY = To complete Major wave B
Last 2 Legs of this wave Y and we are done with it .
2nd Last B = in abc
where a = 12345 b = abc c= will be in 12345 ( 5 , 3 , 5 structure )
I am Short till 0.7060 / 0.7040 Level
Next is C to complete Major wave B
What soever c shape form I will be long from 0.7050 till 0.78000 Level.
Elliot wave By mazchaudhry
GBP USD Wave count Wave 4 in Progress = ABC
Division ABC of wave 4 as follows :::
A is complete in 12345
B is in Progress ABC ( in Blue ) will be complete at 1.1960
C will be Long in 12345 to Complete wave 4 at 1.2960 ( Expected )
So Lets consider Long Right from 1.19600 till 1.29600
Regards
Elliot Wave By mazchaudhry
Trade at your own risk
Possible Flat correction...Hi All,
Ive been racking my brains to see why EUR keeps rallying even though maximum fib extensions of 686% has been reached; but I think I have a possible solution which makes perfect sense!
IT'S A FLAT CORRECTION!!!!!! (3-3-5)
In the bigger picture from my previous post, I am expecting a bigger ABC correction to close the gap which I think is still happening due to the nature of the previous impulse wave reaching the max fib extensions as I mentioned above signifying a move has finished. In terms of how this current move fits into that scenario, wave (a) and (b) are complete and (c) is currently in play to complete the flat - once (c) wave is done, the bigger wave A will be complete.
We have a few big USD announcements (NFP in particular) this week which could help to push this pair down as EUR is extremely overbought.
Let's see what the next 2 days of trading brings as my shorts are still holding nicely.
Happy Trading!
Don
EUR/JPY longThis trade has been just beautiful,our latest Elliot Wave study just gave us a crazy run from 123.3 down to a line in the sand at 119.80
It will take some serious pressure to break the next 1st stop, so anything breaking 119.2 we are officially into final Wave5 and down we go. Otherwise enjoy the next a,b,c into the 122 area.
EUR USD Long Till 1.08500Hello to all
Wave C is still unfolding it self .
After 4th unfold in abc
5th Leg is unfolding at this moment
Hopefully it will end up in 12345 at 1.08500
At this moment it is in 5th extended wave .
In my opinion there are still some 100 pips in it to long side .
Thanks for support and following .
US Oil Short Weekly Chart Monthly chart already Published
Here is my Weekly chart with Bit more explaining the short wave .
Short From 56.50 till 20.00 will be in ABC Formation ( As it is a Corrective Pattern )
Further division of ABC as bellow :
A= 12345
B= abc
C = 12345
Trade Plan ::
Lets wait for the Completion of X at 56.50
I will wait for (i)of A to complete
(ii) of A will be a Pullback there after a Congestion
I am going to enter into short trade at start of (iii)of A
many happy green pips to you all
Elliot Wave By mazchaudhry
Trade at your own Risk .