Continued from previous analysis . I am Doing this in brief explanation for my followers . Due to correction ,,You can Scalp it in between ABC . I m Short Till 1320 . Self explaining Chart . Elliot Wave By mazchaudhry
Checking wave count of EURUSD on H1 Chart in Ending Diagonal . I m Long from 1.1970 Till Previous High or 1.2125 .... Chart is self explaining . No other wave fit here at this moment . Or I m unable to fit any other count here . My best wishes n Regards to all of my followers . Elliot Wave by mazchaudhry
This is hard core opinion ,, some times it is very hard for me give such opinions . anyhow , Here it goes . If we take Wave C of 4 ,,,in an ending Diagonal . Then we should prevail upside . Last Leg in ABC Former Wave (iv) high was 1.3464 ,,, In My Opinion ,,Now market will Go Up till 1.3400 level and will make a MAJOR REVERSAL for Main WAVE 5 . Regards...
I have mentioned Price level on chart . Chart itself is self explaining . Please make trades accordingly . 1) Long till 1.2240 2) Short till 1.2020 3) Long till 1.2650 4) Short till 1.1850 Overall I would prefer short trades . Have a nice day . Elliot Wave By mazchaudhry
Previuos target was Hit at Price Level 1.2175 easily . In my Opinion ,,,, This current correction is part of previous wave . Trend will continue down from 1.2300 / 1.2325 Level . So I am Short on this pair from 1.2300 Price level till 1.2000 . (( From Current Price till 1.2300 Long is not my trade ,,,Too small to Participate for me )) Major Correction 4th...
Major Wave will Remain same . Short as before . As it is broken downwards ,,its Diagonal/ Triangle on Friday . so Triangle is No more valid . Now we will count i , ii , iii , iv , v = 5th part of wave 3 Red ( The extension ) Check the chart , picture is much clear . Regards Elliot Wave by mazchaudhry
Correction in ABC = B Ended up at 1.3050 in my opinion . Now starts the C wave Short .
It is temporary move to 1.30250 area to complete Retracement .. I am Long till 1.30250 . From 1.30250 we will Resume Short . Elliot Wave By mazchaudhry
4th wave was in diagonal abcde . Where E ended up in the middle of Diagonal chanal . Now we are dealing with wave 5 . hope so soon we will hit 0.81600 . Wave 5 Pattern I m expecting would be in 12345 . Elliot Wave By mazchuadhry
On Weekly Chart We are in Correction ABC ,,Where C is in Progress . C is in Pattern of 12345 Sub wave 2 of C is near to Finish . Hope It will make Lower/Dip towards 1.4500 area . ( Some 200 pips Scalping ) I am Long From 1.4500 area till 1.6000 area .( I would Like the Bigger Catch ) Elliot Wave By mazchaudhry
Here is the Projection of Main stream wave for Gold On H4 Chart . Reversal area is 1340 /1350 for a correction in ABC till 1300 . I m short from 1340 on H4 chart till 1300 Long will be unleashed from 1300 area . Thanks for Support and following me . Regards to all . Wish all of My Follower many Green Pips . Elliot Wave By mazchaudhry
From Weekly Chart ... We are Left with C of B to complete . On My Daily Now we will Calculate C wave only . Pattern of C is 12345 Where 1 n 2 are Done 3 in progress and 3 = 12345 Extended wave Rest is visible on chart . First Trade= I am Long till 1350 area Second = I am short till 1300 (Correction ) over all It is Long . Elliot Wave By mazchaudhry
To complete B in 3 Cycle abc On Weekly chart . I m Long till 1455 . Elliot Wave By mazchaudhry
Aussie 4th wave in diagonal seems ending at 0.79000 Support in abcde . I am Short till 0.79000 Price level . Long will unleashed from 0.79000 level . Elliot wave By mazchaudhry
By all means we are Moving South . There is some 100 pips movement ahead . Reaction will be visible sooner . It is impulse ,,it will take the pair down to 1.1770 price level . Elliot Wave By mazchaudhry
Look like 3 wave Retracement is over at Fibo level 38.2 . More over the Gap should be filled ,, Market may not leave the Gap open . I am Long from 129.80/130.00 Price area . Target is 132.50 Area . Elliot Wave By mazchaudhry
I am expecting Fibo Retracement Level 50% or 61% Price level 109.40/109.20 is a reversal . I m Long till 112.00/112.50 Elliot Wave By mazchaudhry
3 wave correction Cycle seems ending between 109.40/109.20 . I am Long on this pair from the above mentioned Price area till 112.00/112.50 Price Level . Nuclear test of North Korea has nothing to do with Elliot wave . Just Keep yourselves on wave track . Elliot Wave By mazchaudhry