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Keep in mind that Greece stand off is an ongoing risk of any euro pair. But we trade chart! The structure is so clean and the stop is so small. It is hard to skip it.

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USDJPY touched March high during the early London session and since then rebounded. A 1:0.618 ratio zig-zag ABC correction could have been completed. Zooming in, the price action near the 122 level looks like a ending diagonal. All the above support a view of ongoing ending diagonal to finished the 5th wave the entire C wave rally from the all time low of USDJPY....

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The drop from 1.59 looks corrective, which means more upside is expected. However since the low we made last week, we haven't find any encouraging impulsive structure to support a upside bias. Especially today, given the broader USD weakness after gap, the strongest candidate of dollar bears sterling failed to break out its range in late US trade. Given the...

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Update: It looks like we had another tiny rally made the B leg a fraction deeper. Adjust the trendline accordingly. We should have a drop within this channel.trend following down to the end of (E) leg. I was wrong about the finish of A leg, But We did get a very deep B leg just now, after finishing a zig-zag A leg. The C leg should be 5 wave impulsive, but I...

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We break channel and confirm (D) leg, but there is no momentum in Asian market right now. Looking to sell later today.

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Correction, it should be FOMC high not NFP high. Everything I am thinking is on the chart. There is one hour left for the London session. If we can close around this level this afternoon. I personally expect a short squeeze coming and the Greenback would peak out across the board around tomorrow's US session.

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Just some speculation based on wave count. The past consolidation was too long. A very bloody washout is highly possible.

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Pretty clean triangle finishing up (D). Plan to sell after BOJ tonight. We could have finished up (D) already, But there is no RSI divergence for the c impulsive yet, which is not typical. The chart counted as the most bullish scenario.

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After some study, I realize this is the better way to count and better way to draw pitchfork. I expect the pair to unfold one more C wave up and then head south towards the multi-year trendline around 0.716 by year end.

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There is unusual volatility in this Asian session. Greenback broke trendline and it is safe to say we have complete the wave C I talked about on Monday. It is too early to speculate how the incoming subwave B will unfold. For now I think the current rally looks 3-wave-ish, so I expect we will see a choppy annoying B wave. Don't get excited on both sides and take...

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Very good price action based on a lot of indicators. AUDUSD could head to new low mid term.

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Could history repeat itself? Greece headline could make or break everything here though.

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FXCM-Dow jones dollar index retrace close to mid-May low now. But wave count and RSI profile hint a possible reversal near the mid-May low. I doubt we will see a break on the first attempt here. The RSI profile also could means one more low in the very near term. Use a conviction break as a trigger to enter the long side.

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Sterling was underperforming last firday. A popular chart was on social media and people expecting the market would reward the upper trendline and make a correction lower to look for support at the lower trendline. I personally wouldn't get too excited about this view until the RSI trendline got broken. A break of 4H RSI trendline and simple price trendline would...

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Update: Dollar get bid up across the board despite EUR strength. Before touching any of the the important trendline, I am not going to label wave C. USDJPY is the best technical pair to trade. It tens to respect trendline a lot and it like triangle a looooot USDJPY facing big pressure recently, not only due to greenback weakness but also Yen strength across...

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Gold broke out consolidation today and breach the previous spike high 1203. This price move invalidate my previous count. Now I switch my view bullish and looking for a rally towards 1240 area for a completion of the expanding triangle. The path is still unclear as the market is facing strong resistance from previous spike high. If the price fails to keep the move...

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Chart says it all.

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There was something wrong about the previous count. Correction has been made.