Setup and needed confirmation for entering long on EURUSD next week
These are my 12 Month Chart lines derived from waves fibo projections analysis. These are the perfect SRs. Use those as guide for target entry/exit. The middle points between those levels also very useful for SR. These lines are not draw, not from pivots or even fibos retracements. Enjoy
Seems that AUDJPY wants to make the 4th wave (Blue arrow). Still early to make sure because there is no blue candle yet at 4H, however one probable setup will be this one. These lines on graph are projections of impulse wave 1 and the probable 5th, and serve as the perfects SRs. The target was changed yesterday at New Zekland sesion to a little lower - 78.761
Here my SRs on 4H Chart produced by impulse waves 1 (Green) & 2 (Blue). They are derived from wave expansions - not retracements - and they are not manual draw lines, pivots or whatever. A probable setup for reach the 1.14360 - the Bearish Support derived from Annual waves started on 2008.
My forecast for USDCAD. with this 4th wave made on Friday, and if it won't go bellow 1.29108 today, then its a signal that wants to go above 1.31440. However it is showing great pressure to go to 1.23568 target. That was shown on the last 3 days. So for me the probable point of turnaround will be 1.31589. It will be a great pressure @1.30807 to go down from...
Quarterly plans and S/R for AUDNZD based on Count Wave & Fibos
If today the high has been reached then the probable way to 1.13135 will be the one bellow:
Based on fibos & wave count. I think the target as been defined as 1.13135. One way to achieve it is by this schema bellow:
The target of this uptrend is defined as 1.13135. One way to achieve it is with this schema. Not all the details here but is based on wave count & fibos.
Here is my idea of what is happening with EURUSD. This is derived from a study of fibos and wave count.