Ewcount
NZDUSD Wave Count: Road Map with Many ScenariosHey Traders! There is a lot of uncertainty with this pair, as three different scenarios are possible. We have a potential triangle complete from last week which could mark the completion of wave-((B)) and a fast drop ensues before a rally into completion of wave-(z) on the supercycle degree. If we see a rally, this will likely confirm an ((A)) count on the five wave impulse and a swift drop could ensue toward a 5 wave C, before rallying into the completion of supercycle (z). The least likely scenario is that we will see a free fall from current levels, breaking the channel and moving into a five wave bearish impulse toward .69 and lower. No trardes for me until some of the uncertainy clears up, but I will be watching and looking for trades. Updates to come. Cheers
EURAUD EW Coutn: Buying The Bat + Ending Diagonal w/ Tight StopHey Traders! We saw an ending diagonal last night and a beautiful breakout to the upside. Now, we have a great opportunity to trade the third wave after an abc correction. The correction ended in an ending diagonal which is an optimal entry. Target is placed at the completion of a bearish bat with much higher targets above. Updates to come as the tide rolls
AUDJPY EW Count: Buckle Up for Wave-CHey Traders! Looking forward to this one too. Great trade opportunity coming if the pair shows a nice impulse and pullback off of the base of the symmetrical triangle and wave-B terminal. From here, I will be targeting the A=C level (pending accompanying price action). When I see the right opportunity, I'll deliver updates. Keep your eyes peeled in the Buy Zone!