EuroMotif

EuroMotif Mod Updated 

Based on my long term bearish outlook. This is part of my longer term trade. If it survives, I will let some ride.

EuroMotif Mod Updated 

Just watched these two zones

EuroMotif Mod Updated 

An idea about how to trade this gap. Some people trade towards closing the gap. Some people trade after close of gap, assuming resumption of trend. Lets see how this one plays out.

EuroMotif Mod Updated 

Watching for this scenario. Either previous support above will become resistance, or it will show more buying again. So watching that zone. But looks to me like a wave 3 is done, and a larger wave 5 to come. Will look to add longs at either 8200 range, or if previous support does not resist.,

EuroMotif Mod Updated 

Gold broke a strong support zone then popped back above it. Was the break below a Bear trap? Is the break above a Bull trap? The two resistance zones above current price will be telling. $1,300 will be the psychological number. If rejected from 1300, then maybe more down? If surpass 1300, we may have found a bottom. This is part of my thinking for the longer...

EuroMotif Mod Updated 

Gold is at as much technical support as it can possibly have. Multiple 61 Fibonacci ratios, some from every long timeframes. An EW Wave 5 looks to be near completion, A small descending wedge is forming at expected support zone. I will be watching for breach of that wedge, OR, a spike below support indicating a run on stops. NOT buying yet, just planning and...

EuroMotif Mod Updated 

Long term I am bullish on USDJPY. Short term I think it is due for a pullback. At least three orders of wave 5's look to be done. There was economic news about US postponing Trade War with China. I think that is why UJ gapped up over the weekend. This news might give USD some strength. So this is to Observe ONLY. Maybe on Tuesday I will consider a...

EuroMotif Mod Updated 

This is an update to my previously posted long term plan, linked below. Currently the Dollar is ripper strong, and the Euro is really struggling. The last bounce from a wave 3 completion was pretty weak, so I expect a wave 5 down soon. I would expect some kind of an ABC retrace upon hitting next green zone (wave III) 1.1500 is my next target I guess. 1.1250 by...

EuroMotif Mod Updated 

I am by no means an Oil Trader. But I do trade Commodity Currencies, especially CAD. Just observing the price patterns, and considering the time of year. The Elliott Waves and Fibs seem to line up nicely with the calendar. I have no idea what OPEC or the Geopolitical situation might do. So not a trade here by any means, just putting it out there for consideration.

EuroMotif Mod Updated 

Fibonacci traders try to grasp the ''pulse'' or ''bandwidth'' of the waves in a movement. I noticed the above just goofing around, and wanted to put it out there before I forgot about it. Will update with more thoughts and examples of Fibs once this crash is over :)

EuroMotif Mod Updated 

Where you start and end the fib trace (0-1) is critical There will be ''obvious'' points that mostly work fine. But often the NON-obvious points fit BETTER.

EuroMotif Mod Updated 

Based on my Fibs and EW. Lets see how this goes.

EuroMotif Mod Updated 

My EW and Fib observations make me think we have one more down leg to come. LTC has not bounced as well as BTC did, and not even close to what ETH did. So if either BTC goes down some, or especially if ETH takes another dip, LTC will surely make a new low. This is not what I WANT, only what I am thinking. Actually, I do want it, would love accumulate LTC in...

EuroMotif Mod Updated 

The larger correction is starting to appear like an ABCDE instead of just an ABC. So looking at three possible scenarios. The red 'e' is probably the ultimate target of the correction. But I think there might be some bounces before, thus the 12345's before then, unless this proceeds without any bounce.

EuroMotif Mod Updated 

Looks like an impulse 12345 ended, hoping to scalp the ABC down.

EuroMotif Mod Updated 

Here are my two updated targets based on last week's price action. I expect a bounce as I post this, THEN I will look for a short. I will update this idea as things develop.

EuroMotif Mod Updated 

Looks like a 12345 up is complete, and into a resistance zone. Expected either an ABC correction, or a full blown 12345 impulse down (which could be the A of a bigger ABC) Watching for now, waiting for signs of Yen strength or Dollar weakness Always risky to trade against the trend and the trend has been strong.....

EuroMotif Mod Updated 

I think EU will brush if not break 1.1800. A stop hunt below would make prefect sense. Right now I think EW has one more small wave down to go, before any bounce. Have been riding a large short, looking to add more. I added some on previous tiny bounce. Now looking for another scalp.