JohnTaylor

JohnTaylor

Nice clean pattern so far and looking for wave c to around 10.5140 but should also pay attention to wave iv bottom at 10.5590

JohnTaylor

Looking for 5 wave correction to finish tomorrow and to break and hold 1.0786 and 1.0817 open target at the moment from this 3rd set of i ii"s on daily charts and looking at nzdusd to complete i and ii for iii down which will send audnzd higher and break through the 11"s

JohnTaylor

Close to top for this wave pattern look for correction

JohnTaylor

First twitch on my indicator i use for oil on Daily charts calling for a top to be in shortly i am not short yet but now looking for break around 103.52 possable more upside yet around 105 Cant show indicator on TV but here are the settings use on MT4 only on Daily first cross indicating bottom was 6-5-14 at a close of 99.79 Stacked in same window DPO Period 14...

JohnTaylor

Careful as we go coming up to wave v I completion had a good ride up lets see what reaction we get around 2.1122 and 2.1150

JohnTaylor

Looking like correction is over as we pushed through 127.2 fex from i ii with a minor i ii and iii now we should look for wave iv to finish but cannot pass through 2.0886 wave i top and then on for a wave v estimated at 2.1040 Have a great day jt

JohnTaylor

c II looking a little incomplete to me but down to wave i top and 70.7 FRT from i to v I so could end at any time but was expecting c II to end at 2.0702 so could see some more downside before longs takeover b was 38.2 of a and c is usually 100 of a wave or extended but lookout for a false break up and then final push down or maybe finished break under 2.0614...

JohnTaylor

Could this be minor a wave !!! look for rejection and sell the b for c A

JohnTaylor

With NZD correcting higher and should be over soon around 86 i think this pairs correction should be over soon look for ending pattern to go long around 50 61.8

JohnTaylor

Went a little higher than expected and hit 61.8 frt of 2.1531 to 2.0614 and 61.8 of wave i ii from wave iii top should be a simple correction abc ? before next leg up odvious levels to keep in mind 38.2 50.0 61.8 break under 2.0614 cancels this view

JohnTaylor

Target for minor wave v hit taken profit untill clear direction look for minor correction i think maybe 2.1012 Red Line or 38.2 and 50.0 FRT if through 50 look for 61.8 But we should keep in mind we can go through 2.1124

JohnTaylor

We did see last week down into 101.26 but no further getting ready to short again break under 102.06 if 102.61 is broken looking to 103.14 for next short

JohnTaylor

We have now seen minor i to v wave in 30 m charts we have not seen this structure for quite some time and now in corrective mode currently in b wave usually corrects no more than 61.8/70.7 fibo retracement ( at 50.0 at the moment ) of wave a so we can try to prodict next move as this is 30 m chart moves happen fast and this is minor patten i have put wave c at...

JohnTaylor

Great day yesterday now look for support red lines siting just under 161.8 fibo expansion or a blast over 2.1039 target 2.1273 good luck to all

JohnTaylor

Right back to were we was 2.0877 needs to be broken and holding for good move up strong looking candle so far today if it retraces look for 2.0759 for support (last weeks closeing price)

JohnTaylor

Dont think this correction is over yet look to the 50 and 61.8 FRT for ending pattern because when this correction is finished i think we will get real heavy volume taking out 1.0946 and past

JohnTaylor

Frustrated with this pair at the moment standing aside on monday a push high of 2.0863 but no break of 2.0877 did go long but got out with a few pips may now get 2.0540 break hear 2.04"s or a push and holding over 2.0755 but still divertion on daily and now 4hr any thoughts or views please lets try to get this one right

JohnTaylor

Target hit from last week now look for correction with 61.8 fibo RT 161.8 fibo EX and weekly R2 over head a break below 101.75 should be an indication to short could go as low as 101.00 100.00 before next up as this is now looking like minor i ii i ii and at iii at the moment break below 98.80 cancels