EURCAD Wave Count: Two Triangles Potentially CompleteHey traders, I have been following this impulse in wave-1 waiting for a retracement. After the daily close, a bearish wave-c presented itself to complete wave-2. I want to buy here. Movement past invalidation will have me on the sidelines again. Updates to come as the tide rolls, cheers.
Wavecount
USDCAD Wave Count: Trading Wave-C of Zig-ZagHey traders, a potential breakout toward wave-C of this potential zig-zag is approaching. Looking to ride the C wave up toward potential (a)=(c) target. Of course, if invalidation is broken I will be out to re-evaluate. Target is tentative based on price action. Cheers
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 ;-)
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 .