Wavecount
general wave counting for Eurusd perspective
EURUSD
in M time frame we can see many complete Elliot cycles, which now we are at the mid of wave no. 2.
after finishing this phase i expect a big bullish wave 3
IT MEANS EURO 0.32% 0.34% WILL BE MORE POWERFUL THAN USD IN NEAR FUTURE. AND USA ECONOMIC trade WAR WILL BE HAPPEN.
never miss wave 3
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EUR/USD - Fractal Pattern - Bullish until 1.20 or 1.215"If you like what you see, please like and/or share. Thanks."
Here's why EUR/USD is bullish in my eyes:
1 - Corrective Pattern is about to be complete and a new Bullish wave should start.
2. Correlations and Wave Counts agree:
Next expected moves:
- DXY - Bearish Swing
- XAU/USD & XAG/USD - Bullish Swing
- GBP/USD - Bullish Corrective
- Indices - Bearish because of the VIX spike
- AUD/USD & NZD/USD are preparing Reversals
3 - Fractal Pattern.
This structure has been taken from the previous larger degree Corrective Structure which developed from March 2015 until December 2016.
After that correction, the EUR/USD started a Bullish Impulse.
Do you notice any similarities?
:)
Many pips ahead!
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* See my related ideas on EUR/USD.
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Part 5 - Risk-off August - USD/JPY DailyUSD/JPY – Daily Resistance & Support:
Resistance: 112.00 / 113.00 / 114.50 / 118.00 / 124.00
Support: 110.00 / 108.00 / 107.00
USD/JPY – Summary:
Expected to continue with the Bearish Correction which could complete at or around 110.00 Levels, but could also reach 108.00 Levels
Bullish Impulse expected at or around the 110.00 or 108.00 Levels
Part 4 - Risk-off August - EUR/USD DailyEUR/USD – Daily Resistance & Support:
Resistance: 1.1800 / 1.2000 / 1.2150 / 1.2300 / 1.2800 / 1.2500
Support: 1.1500 / 1.4450 / 1.1310 / 1.1100 / 1.0800 / 1.0450
EUR/USD – Summary:
Expected to commence a Bullish Sequence which could reach 1.2000 or even 1.2150 Levels
Bearish Impulse expected at or around 1.2150 Levels
XAU/USD - Decision Time - Prom or Hospital?XAU/USD (GOLD) is about to make a crucial decision.
If the yearly support trend-line is broken, then I will loose all my faith in this precious metal until $1100.
However, it it manages to bounce in a corrective manner, then I will be happy to look at it with moist eyes later on.
USDCHF One Or Two More Moves Before The Big Break?On the daily time frame USDCHF broke out of a 3 wave structure and is currently forming a flag above this structure. A break of this flag to the upside should indicate the start of the move which will complete the larger structure on the weekly time frame.
This smaller flag formation needs to complete either a 3rd wave down and break up or 5 waves in total before the break to the upside.
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Cheers
Linton
EUR/JPY - Bear Feast & Hunting SeasonYEN pairs seem to be showing the possibility to strengthen considerably against all majors.
Technically speaking, EUR, GBP & USD all fade against the all mighty YEN.
This can only mean one thing: risk-off period. Bears coming out again for another dip.
EUR/JPY Technicals:
- Larger degree correction still leaves room for more down-side.
- Ending Diagonal developing
- Bearish Harmonic approaching fibs
- Fibs Extensions coming
- EW Patterns almost complete
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Many pips ahead!
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Deutsche Bank (DBK) going bust - Banking Crisis in EUWith volatility coming back and with the VIX seriously threatening with a "fear spike", I am now looking at Deutsche Bank DBK .
It seems like it could fail, which would agree with the DAX wave count and the overall Market Crash pattern.
Could this be the next Banking Crisis ?
cad/chfYou may be better served risk wise to just wait until next week to mess with this. But Cadchf came off the .618 retrace and both trend lines of its impulse wave patterns. I would prefer to see a bull trap pattern before entering but the .38 retrace of what is possibly a wave 3 lines right up with a wave 5 clear out of this smaller wave. That target would make sense because we could just be on wave 3 of 5... Or we will get a much deeper retrace of this 5 wave. Being Cadchf, I would prefer to see some more confirming price action here at the end, but be on the lookout for possible sell entries to that level in this upcoming week. For better understanding of what I mean by price action and whatnot, subscribe to my you tube channel and watch the free educational live streams.