GBPUSD view - we actually think in next two-tree months price will hike up more than 1000 pips. Our expectations about hike up of interest rates in 16 Dec' by FED are negative. We expecting weak dollar also against the euro.
We expecting correction of yesterday bearish day. Use tiny and secure stops under green support area.
Our expectation for today is for short positions against sterling. No news expected. Waiting for price action. Past 15 candles on 1 hour time frame looks like correction. ABCD model is full acc.
We expecting short euro next week. Today is end of retrograde Mercury
Pair ranging in wave 4 Major on weekly chart. Now start forming of wave C of 4-th Corrective wave. We expect wave C to contents waves 5 Minor impulse waves. In next four-five months we expect sharky moves - many up downs and spikes and movement to finish in areas over 1.1700. Until March 2016 we expecting US interest rates to go up and that will be the start of...
Great opportunity to take some dollars in hot Sextilis month.
Simple analysis on GBPUSD with great expectation in pips. Entry now over 1.5715 Stop loss over 1.5650 under A-B-C-C-4 wave and take profit over 300 pips above. On levels over 1.6050 we will book profit as well and will waiting for price action for 1200 - 1500 pips downside move. New top above 1.5930 will confirm end of wave started on 1.4565. Extension and last...
Euro versus Dollar. Weak dollar this week. Waiting breakout of line and strong 150-200 pips trend. Prepare for big downtrend after that
Long to 1.1150 levels. Expecting start of big downtrend to 1:1 Euro:Dollar
Now short for start of wave 5. Great entry, small stop and over 120 pips expecting profit.
Fake breakout of support - few pips below - confirmed by spikes on 1 hour and 4 hour time frame. Broken trend line of down trend and expecting test of upside channel. Support is over 1.1080
Expected correction A-B-C to levels over 1.5700, then short with target over 600 pips.
On 1 hour time frame - hit 38.20% and 50.00 % and retrace as well. By Elliot waves ranging now in wave four. Engulfing now on 1 hour is to get some stops - it is not confirmed. Waiting firstly new top above 1.1280, break of resistance. Critical levels downside are over 1.1185.
Weekly bar on Pound vs. Dollar - spike over 320 pips. It propose high volatility on pair. By Elliot wave method we count five waves up from middle of April. In May starts corrective waves which will lead pair to levels over 1.5020 in next days. Price action @ 2h, 3h and 4h forming now for downside. Parliamentary Elections in UK are indicator for incoming volatility.
In May Forexspecs.com expect decline of EURUSD pair. This Friday NFP data can spike pair up to levels over 1.1320. In medium term butterfly model is valid with long term target over 1.0300 area. Timing is only factor for right wing of butterfly can extend to 1.1320.
Pounddollar trading. Our view is focus on idea of head and shoulder pattern. With risk/reward ratio 1:3. We expecting engulfing of past 2 bars in interval of next 2-3 hours or range of the pair until tomorrow - start of European sesssion
Trading Elliot waves - USDJPY going in model 5 impulse down - 3 correction waves. Expecting short term in next 2-3 hour to reach 119.60 - range over 1 hour, then to start downtrend medium term to 118.50
USDJPY possible breakout of range upside. Formation of butterfly.