GBP USD My 2017 first setup for cableHi
Invalidation level for this setup is 1.2385 ,, If the wave ii breaks above invalidation level than this setup is no more valid .
Take the trade as soon as the c of ii completes . ( Potential area = 1.2350 )
SL = 1.24000
Target = 1.21850
Move SL to break even at 1.23000
Regards
Elliotwavecount
AUS USD Daily Chart Wave CountPlease Check my AUS USD Monthly Chart
On Monthly Chart We are Long
0.70500 till 0.78000
Main Wave = E = ABC in Formation of 3 3 3
Sub wave A = abc Formation 3 3 3
We are in "a" ( The Mini wave )
a = ABC Where can Further divide ABC as below ::::
A= i , ii , iii , iv , v ( In dark Green )
where 1 , ii are already complete
For Mini wave iii ( In Blue )
iii would be on H1 Chart for clear view
here i and ii already Complete
Lets deal with iii = i , ii , iii , iv , v ( In Black )
ii Would be Complete with few more pips down at 0.70500 ( I am no more short )
I am Long from 0.70500 / 0.71000 Level
Wish all of you Marry Xmas and many many Green Pips.
AUS USD Monthly Chart Elliot wave countHello To All
What I believe on Monthly chart is as below :::
On Monthly Chart We are in a Expanding Diagonal
ABCDE in 3 3 3 3 3 Formation
At this moment we are beginning of E = 3 = ABC
Where is A = abc
Where a = 12345
We are at Sub wave a and at mini wave 1 now.
b = abc 9 still to come
c=12345
B in ABC still to come
C Still to come
Gold Wave CountHi to Every one :::: !!!!
On Monthly Chart We in Correction
ABC Where A is Complete
We are in middle of B Wave of Correction at moment
B = ABC
Where Sub wave A is Complete and We are Positioning ourselves in B at this moment
Division of sub Wave B is below :::
B = ABC ( mini waves )
Where A and B are Complete
Now we are left with last mini wave C Of Sub wave B
Mini wave C unfortunately is in complex formation of ABC as well.
A = ABC Complete already
B = ABC Complete already
C = ABC in Progress Right now
Where A = 12345 complete
where B = ABC Complete ( It was too small , I could hardly identified it )
Now C = Last part = 12345
1 and 2 complete
3 in Progress = Down sell = 12345 = Will end up till 1110 / 1105
4 to finish and 5 still to come
4 = ABC = Up = will Retrace 50 % of 3
5 = Down Sell = 12345 = Will End Up 1080 area
Eur Usd Wave on Daily chart On Monthly Chart We in middle of Wave 4
Wave 4 = ABC
A and B We are Done with ,,Already complete
Now C = 12345
1 and 2 Complete ,,,and we can further divide wave 3 in sub waves on Daily Chart as below :
3 = 12345
Sub waves 1 , 2 Already Complete
We are in middle of Sub wave 3 on Monthly Weekly Daily Charts
Mini Waves of this Sub wave
1234 Already complete
Last Part 5 of this mini wave is in progress
Will End Up at 1.03350 / 1.02350
With this Main Wave 3 of Monthly Chart As well as Sub n Mini Wave 5 Will end up .
Main Wave 4 ( in correction : Up )Can Go up 40 to 50 % of Main Wave 3 = Still of come = From 1.02350 till 1.0650
Main Wave 5 ( in impulsive : Down ) Will end up close to Parity 1.00120