looking for a diagonal finish of C around 1.2350 to go swing long.. with open target....
gonna trade this as a triangle.. with fake break e.. going short with S/L 132.10.. lets see if we can crack 130 level and down to 128...
going long on this pair for break above 0.8600.. just like eur/aud and eur/nzd did....
incase.. 1.5425 becomes support...... which, i don't prefer... but,.....
If cable wants to stay down trend... we want to see 1.5425 to be the solid ceiling... gonna play this abc up to 5300-5325 zone before selling this pair with S/L above 5425... don't want to see this pair going into summer range market, yet...
9650 & 9600 taken out... lets wait for 9450 zone... will be looking for a 15 min trend change for swing long....
we reached 1.3050 very fast... now what??? if we break higher.. it will invalidate the count... we may see even higher... we will need to be very careful.. lets wait for some confirmation....
looking for one more leg up before swing short.. lets see if we get some sellers around 61.8 area which is 132.40-50 zone... target 127.50 which is previous high....
Don't get me wrong.. i've been a bull for gold from 1400 area... however.. looking at this chart... just can't find any technical reason to buy the gold at this level. as long as the price of gold doesn't break above 1520.. i will look to short on any pullback... targeting 790.00
another bounce of 1.2800.. looking to short this pair around 1.3035-3050 area.. if we break higher.. we have take this as an extension of corrective wave, which could take us up to 3350-3370 area before another attempt by bears.For now.. as long as 3050-75 acting as an solid ceiling.. i will look to trade 5 wave down targeting below 2700.
Plan to short this pair on a 78.6 fib pullback (103) for 5wave down of C... S/L 103.80
Mid Term U/J... plan to go swing short with 103 as the resistance.. targeting 90
zig-zag in progress.. if this is a zig-zag.. we will see lower to 99.75 area..before the three wave rally to up side one more time to 103
expect to see third bounce around 127.70-85 area to finish b of D wave to retest top of the this sym. triangle... if we break below 127.20 . we are making 5th wave. therefore this plan invalidates. look to trade this last leg up to 132.70-80 area before the big correction...
looks to be forming a base around 97.. don't think this pair is done yet... look to trade to upside for one more final leg up...
10, 9, 8, 7, 6, 5, 4, 3, 2, 1...............Lift Off.............!!!
dollar/yen... are we really done? 100 is the major resistance... however.. if we don't make a new low this week.. i think the chance for this pair going over 100 is much greater than heading down from this level... i will be looking for a change of trend from Friday's sell-off move to enter long to 102.50 level. before shorting this pair...