TomBurgoine

TomBurgoine

Today is the BOE rate decision which is co inciting nicely with the end of a wave 5 move. I presume that the decision will trigger a retracement due to the rate being cut.

TomBurgoine

We are just about to enter a wave 5 long. Pick your entry level wisely and keep your stops tight.

TomBurgoine

This is the wave count for the AUDJPY According to my calcs. This should show us entering a wave 5 followed by the ABC Retracement.

TomBurgoine Updated 

This is a wave 3 of 3 short. On the break of the support trend go short for a nice pip collector down to the 6900.0 target. We will re assess wave 4 pullback and then the wave 5 impulse nearer the time.

TomBurgoine Updated 

Despite the current turmoil with the GBP, I have counted that this has reached its wave 5 low. Confirmation will need to confirm the bottom by waiting for the wave A and B to play out and then enter on wave C at the extreme level of wave B.

TomBurgoine

This is the long term weekly trend finishing and reversing to form a ABC wave correction. Focusing on the Wave A which will be formed of a 5 wave impulse, the entry point would be in wave 3 once it has passed the extreme of wave 1 for confirmation. All this in time for the brexit vote. This will tell us one thing! The vote will act as the trigger for the wave 1 of...

TomBurgoine

The Impulse wave is either complete or nearly complete. Go short on the extreme of wave 4.

TomBurgoine

Apologies Missed some of the major rules however correct my self sharpish.

TomBurgoine

This is the hourly guide on my other GBPJPY post

TomBurgoine

This is a 400+ pip collector which I have just gone long on. Took entry on the 15 min as seen but the hourly will guide the way.

TomBurgoine

This is for a C wave move long. Adjust stop along the way to minimise risk

TomBurgoine

This is the start of the larger impulse wave long. Wave 2 of 1 is complete leading into wave 3 of 1. This will be a good long term long position.

TomBurgoine

Little long move of wave 5 in a flat.

TomBurgoine

Wave 3 coming after ABC correction.

TomBurgoine

Wave B is approaching the end, Look for the wave C Long.

TomBurgoine

This is a wave count on the daily charts establishing the larger 5th wave set up. The C wave is coming to an end so the impulse wave will be coming.

TomBurgoine

ABC correction wave complete so this is the start of the bigger impulse wave short. For a little pip collector go short on the break of resistance however, if you look ing for the big trade then be patient and wait for the wave 2 retrace to complete.

TomBurgoine

Going through the elliot wave motions, we can see that wave 4 of the bigger C wave has started. I believe this will keep going short until it touched the V stop and then will start the wave 5 long. Look at the MacD and RSI indications to indicate the reversal andante at the break of the trend line as indicated on the drawing.