i think the area highlighted will drive the pair to 162.30 then 163.30 area and we wll continue down from there. this is my thoughts and not a trading signal have a good day 😎
i expected short term downside before uprise.. that was around 160.44 but it has gone to the next supply 161. 43-50 area there should be another down move to 157 area before continuing higher... i entered sell position from 161.43 .. waiting
possible scenario combining Elliot Wave with volume analysis
All labels and levels on chart Buy area around 152 and sells around 154.25 I think 151.96 support will hold for today bringing more upside
As we can see we are at the final. Bullish wave of B wave to 154... 155 area then a bearish wave to 147 area will follow Happy trading
As you can see in chart this count is the most probable one dealing with the rise from 148.50 as wave b of larger ABC I expect another last top in the aria between 152.79.. 153.35 Before a huge fall in c wave below 148
I can see that the corrective fall from 156 is still unfolding as an ABC with the end of wave A at 148.45 and now wave b is unfolding also in 3 waves and now we are in the final 5th wave of C wave of B SO as we can see in chart we are about to see another high beyond 152.12 then a huge fall to 147 area Recommendation: Sell limit entry at 152.35 SL...
last couple of weeks i made some reports about EUR/USD some orders opened and closed on small profits or break-even due to sideways consolidating market and triangle formation , but last week's move has a significant clue that sell pressure is really big and every rise is corrective in nature now please watch important levels > 1.0901--1.0913 reaction here is...
last week i anticipated that there is still downside movement and i waited for buy @ 1.0760 but EUR/USD headed higher forming a leading diagonal pattern as you can see on chart with a clear five sub waves counts . Recommendation: buy around 1.0880 area for 1.1220 area and above with stop loss below 1.0767
Please note : in my last idea i mentioned that FX:EURUSD is turning bullish now we are correcting our previously mentioned leading diagonal and we can see that we are in final wave down maybe towards 1.0845 -- 1.0830 area then a significant up-rise is highly expected wish you profitable trades.
Following my previous idea of WXYXZ (please see previous idea ) short @ 1.0906 SL:1.0930 TP: 1.0770
The count changed from yesterday report as we have a degree invalidation and over lap between minute waves 1 and 4 please see yesterday report linked to this idea so we changed the count of wave 4 to WXYXZ as you can see with the same bearish view the targets now can be seen in 1.2088-1.2074 area Recommendation : Still Short if you are for the previously...
The count changed from yesterday due to overlap of minute waves 1 and 4 for (please see yesterday's idea ) but i think the count now is WXYXZ as you can see in chart Recommendation : Still short if you are with stop loss above yesterday's high at 1.0927 wait for buy signal after final bearish move towards 1.0760 area
Now we have a clear impulse wave from 1.0635 - 1.11499 and wave 2 correction is unfolding as a flat with 3-3-5 wave C of the flat is still not completed yet we are waiting for final wave down to 1.0760 area . Recommendation : short for now to near 1.0760 area (aggressive trading) wait for completion of final wave 5 of c to buy @ 1.0760 (conservative trading )
We can clearly notice the corrective intermediate 4th wave unfolding since 27th of march high @ 1.2485 and it's a flat pattern with final wave (c) 5 waves ending with expanding triangle formation. also we can see an exact confluence of projected targets ABC and wave E of the expanding triangle at 1.2088 Recommendation Short GBP/USD til 1.2090 then reverse...