EuroMotif

EuroMotif Mod Updated 

More Brexit news about infighting in PM May's cabinet caused a sudden spike down. The spike stopped at massive support, but did not bounce much. Once that support breaks, it should be a quick trip below. I do expect some kind of bounce for the wave (4) before continuation down. OR, the Brexit news could have been wrong, or may get overridden by positive...

EuroMotif Mod Updated 

It is possible that the correction is done. Above is a 15 min chart, which is part of this bigger picture on 1 hour: And even bigger picture on the daily I was more pessimistic until today, per my previous plans. It is still possible that we are in the process of a larger correction. But at least in the short term, there are plenty of signs for significant...

EuroMotif Mod

This is a followup to my last plan looking for bounce zones. Since then, the moves have painted a slightly different picture in terms support zones and EW. I think we might have one more small leg down coming (wave 5) to the next support zone below (.7238). It is also possible that wave B completed at the first support zone (.7250) and could turn up. If small...

EuroMotif Mod Updated 

AU got a nice bounce on Friday, even though it was mostly due to Dollar weakness. Nonetheless, the significant bounce should have at least an overshoot, if not something substantial. I am looking for a ABC move, or like an AB = CD type of move, where the AB leg is almost duplicated by the BC leg. The final Target will depend on how deep the B wave...

EuroMotif Mod Updated 

Quick plot based on Fibs and Elliot Waves. I am anticipating a bounce going into the weekend. But I do think there will be at least one more leg down. Some important zones are marked. I would not be surprised to see it hit 2500. Any lower than 2500 and the markets will be in trouble.

EuroMotif Mod Updated 

This is a follow up to my previous plan: In the plane above, I was looking for an ABCDE structure to wave V. But looks like the more common 12345 structure is unfolding. CAREFUL with any Euro trades right now. ECB rate decision is less that 24 hours away. But am posting this just to observe movement until then.

EuroMotif Mod

Just a quick followup to my previous Idea for shorting AU: AU loves to chop, as evidenced above. Been holding shorts since forever it seems (above entry) And this small move up is an example, it has no reason to go up! ( Gold was not moving, no econ news, etc). So I am hoping to see a continuation to my original target.

EuroMotif Mod Updated 

This is a follow up to my previous Idea regarding the Nikkei correction in progress: Looks wave A of the ABC is nearly complete, but I am expecting one more small dip before wave B up. It is actually possible that wave A is done and B has started, but I just dont like the looks of wA yet. It seems the downward momentum should bring about one more small leg of...

EuroMotif Mod Updated 

EU took a serious dip based on politics with Italy, while the Dollar was also going strong. Dollar remains strong, and Italy politics unlikely to reach any certainty soon. There IS the ECB rate decision, conference, etc coming up. That MIGHT give Euro some kind of boost, so my confidence in this path will depend on what Mario says/does. But DOUBTFUL that ECB will...

EuroMotif Mod

I am a Dollar bull in general. USDCAD spiked up based on poor econ news out of Canada last week. Now watching the retrace for long entry options.

EuroMotif Mod Updated 

I think the push up on Friday was a wave A, now in wave B, with a wave C to follow. Background: My EU shorting adventure began in early 2018 while looking for a top around 1.2500 As that top was forming, I saw the Fibs giving me some clues for down move to start Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid...

EuroMotif Mod Updated 

Expecting a short term bounce. Entry possibilities at red zones. Take Profit at Green Zones. Background: I am a Dollar bull and Euro bear. Until the ECB starts talking about paying interest, or FOMC cuts rate forecasts, I will be looking for shorts. My EU shorting adventure began in early 2018 while looking for a top around 1.2500 As that top was forming,...

EuroMotif Mod Updated 

Looking for GU to bounce in London Friday session, and then resume downtrend in NY session. Entry possibilities are the Red zones of interest. Take Profit are the Green Zones of interest. The EW waves drawn are the type of behavior I am looking for. But if some Brexit news comes out to add even more uncertainty, I will add shorts immediately. Background...

EuroMotif Mod Updated 

Looking for AU bounce to continue into my shorting zones. I think it has one more dip yet before any serious recovery is possible. Either that or I am wrong and it will get past by higher red zone (but I am very doubtful).

EuroMotif Mod Updated 

Based on risk sentiment ( gold , stocks , oil ), looks like UJ might be headed further down. I think we might have already completed the wave 4, and preparing to start wave 5. But wave 4 could go a little higher yet and still be perfectly valid EW process. The Nikkei looks to be following a perfect path to a wave 5 coming and lately UJ has been tightly...

EuroMotif Mod

This is a follow up to my previous plan which was looking for a dip and bounce. Now that the bounce is here, I am trying to gauge the possible rejection zone to resume downtrend. The two red zones are of interest, to be watched for sings of reversal.

EuroMotif Mod Updated 

USDCAD made a substantial move down today. I expect at least a second wave to follow along, but perhaps not has strong. One more leg would complete an ABCDE corrective sequence. OR, that leg down today COULD prove to be just wave 1 of a 5-wave impulse. If so, then my targets will be quickly breached, as the next leg down would be a wave 3 of 5, most often the...

EuroMotif Mod Updated 

This is an update to my previous Idea looking for short entries. I had expected a little higher, but it looks like the 5 waves up may have completed. Watching the action around the ''crucial zone'' in orange for clues.