-Sell in line with the Elliot wave -Psy level -Multiple months high
-Possible re-test from the psy 200 level (short term sell) -But we should see eventually a Bullish momentum breaking the psy 200 zone and moving in the direction of the Elliot wave (for a buy) -CS EURO is very strong -DXY bearish direction
-Potential sell- AUDUSD is currently very weak while the USD has shown strength throughout the week -AUD completed the 4hr elliot wave- now following the daily heading towards point E -M formation- neckline has passed on the 3rd leg -Dxy is moving in the opposite direction
-Potential sell towards 0.68000- then a possible re-entry after re-test for a short term buy or re-entry for a sell if strong bearish movement -Daily Trend line followed -DXY Bullish movement
Possible Re-test from 0.66000 to join back into the daily trend line for a Buy
-6/7 SESSIONS SELLS -ELLIOT WAVE POINT C COMPLETED-ENTRY NOW FROM POINT D for a buy -Bullish candle stick on the 1hr -Candle stick bounce also from the 4hr -NZD strength on the CS -NZD news clear
-Possible re-test from 1.32000-psych level 200 -USDCAD Reached its highest level in a month at 1.3186 -Dxy confirmation 98 level rejection- -DXY is at its highest level since late May at 97.83.
-Potential swing sell towards point E on the daily trend line pattern -4hr trend line + Monthly trend now surpassed -Major Psyh level above already broken -Correlation with XAUUSD + DXY moving in the opposite direction
Confirmation -5/6 session sells possible short term buy upcoming -Fib level -Intersection with monthly trend line- possible bounce up -1 hr candle closure Bullish harami -Dxy and XAUUSD
AUDUSD possible sell from 0.70200- in the direction of the daily trend line from point D- correlation with gold + DXY heading in the opposite direction
Possible reversal for a Sell from 1.31100- looks like the bulls have now lost the momentum through two sessions buys- London closure at 5pm should give a nice reversal (USD is strong on the Currency Strength + RSI on the oversold area)
USDCHF- London session has been a sell possible reversal from New York entry- possible buy from 0.98000 (Wait for the market to drop down to where the 1hr and 4hr trend line intersect + Elliot wave approaching D on the 4hr for possible buy)