USDJPY Wave 5 ? Here I am trying to get things right on counting the waves, fan of Sir. Elliott.
I wish some one could make a constructive criticism or comment on this, tell me if I am right or wrong on my count, this is the only way to learn and keep progressing.
Haven't found much help on my way so far. What a world.
This is my Idea, expecting the Long Break Out on the 3hr view below.
Thanks to who ever will comment! Enjoy Trading ;-)
Wavecount
GBPAUD Wave Count: Bullish Impulse ChannelIn FX it is important to leverage strong currencies against weak currencies. GBP is our strongest and AUD is the weakest on news over the past 24 hours. I'd like to get long through wave-((5))-of-v-of-(v) to ride the bullish trend. Next related predicted volatility due to news is in about 20 hours.
NZDJPYThe price breaked the sideways channel. I see a big impulse 0-1 leg retesting the old resistance from 82.000 with a extension of 61.8% of 0-1 leg. The price may retest 83.50 following making a new high.
In order to see a bullish 2-3 leg, the price will have to break the upper red descending line.
NZDJPY Wave Count: Technical + Fundamental AnalysisAfter this bearish impulse, it is likely that if the entry level is taken out we may see further downside. The EW count suggests the same. Also, with the inauguration occurring today, there is a possibility for a "risk off" economic environment to take the reigns which would mean a drop in riskier currencies like the kiwi and a rise in the safer yen. Cheers
GBP USD ShortGbp Usd is short till 1.1950 level
Forming C Wave downwards in 12345
division of C wave Clearly visible on chart and it following it .
Today sure it will cover its GAP in 4th wave 5th will be final downward move .
Ride the short trend after the Gap is Filled .
Get your trades short till 1.19500 area
I will long on this area after completion of main C .
Regards , Thanks for Following .
Elliot Wave By mazchaudhry
Trade at your own Risk .
Nikkei 225 Wave Count: One More RallyThe Nikkei is in a clear uptrend, as is USDJPY, and based on the extended first wave (if correct) we should see another rally before a drop of questionable magnitude. The Yen has been weak against all pairs, especially the USD, and this week may be a good buying opportunity. This is all pending a rally above the dotted trendline. I like a buy on USDJPY after a bullish impulse and if the Nikkei extends toward the 3=5 level, we will have an excellent selling opportunity ahead. Cheers
USOIL Short: Potential Double Zig-ZagUSOIL is tough to predict in these sideways corrective waves, however there are some knowns based on wave structure. The most potential outcome based on recent structure is further downside. A bearish impulse off of recent highs will solidify the speculation and garner a potential short. Keep an eye out for a drop. Happy trading