People are getting hyped up waiting for the 5th wave on this thing but it’s not finished it’s correction yet short for now.
Good opportunity to buy betwen 0.60 and 0.63 for a long term hold.
In my previous trade I sold out to wait for better position as I seen it could turn down. I'm seeing consolidation on the 30 min chart and know its at the bottom of its channel. I am going to be buying back in at this point.
I will be entering short for mid to long term holds in usdjpy this week. I believe we have an abc cool off before next run.
Earlier I posted regarding short positions this week on this pair. It came earlier than I thought. I would like to long here and ride this 5th wave up.
The Target has been met for the previous trade Congrats to anybody who took it. I believe we go up from here to form the second part of this correction. Lets get this money folks.
I'm learning elliott waves still but I do believe this is what is printing on the chart.
So far I'm assuming this is a wxy move elliott wave. I'm shorting here target price 160.80 or hoping for a 158.40 entry to go long
A rare pattern but not out of the question. 5th impulse wave could truncate and we could see a "black swan event" It still looks like it could go further north however meeting a tp of .89500 Cannot wait to see how this plays out. Goldman Sachs CEO Lloyd Blankfein says “given enough time, very low probability events not only can happen, but they absolutely will happen”.
I'm calling it on this swing. Reversal is near. Strong Bullish Divergence? Fundamentals are some what questionable with NZD itself however the good ole swiss franc should be weakening this year. We Have some upcoming economic events next week for NZD. Balance of Trade Import Export After, we should see some retail data and such be released for the swiss....
It's sitting at 144.70 but no momentum. Is it simply market indecision or good ole supply and demand complacency on value. I believe we will see 137 sometime in the near future. Will it be tomorrow or next week. I'm not to sure.
It appears gbpusd will want to retry the 1.13 area for a support before continuing up. I also believe this will be a local support on a higher time frame. Clear sign of reversal on the first yellow circle and previous candle near this level showing a strong push down in the second circle. I could be wrong just speculation and an idea.
Just speculation. It could be a simple retracement or form a rising three method pattern. Either way the rsi looks like consolidation waiting for a breakout to the upside as were at a major price point.