Looking to enter this trade when/if we break the neckline and on retest of it - if it happens before FOMC, otherwise I will enter already on first break as I'm bullish on USD going forward. My count also indicates that we probably have completed the ongoing complex correction.
BoC gave us a bullish impulse taking out the 0.74541 high, which confirm the end of blue wave 4. AO also tells us it's an impulse and since we have had 3 corrective waves. I like to buy it here at the 15min tunnel as the impulse penetrated right through it. It's a bit risky though as the AO block haven't closed, which I normally would wait for. As this is a 15m...
#NZDCHF Price made a daily impulse in 5 waves overtaking 2 corrective highs, supported by a bullish and impulsive sequence of AO blocks. This is likely to attract bulls to come in as the following correction draws to an end. The Modified Schiff Pitchfork lays out a channel pointing to a larger untapped supply zone created by 2015 highs. If this will be a 3 or 5...
The pair sell off Friday, in a mix of out flows due to Catalonia situation and Brexit charade news of warmth and fuzziness... I been enough times to the theater to know a bad play when I see one... If EU27 haven't even started yet to talk internally about how they want their future relationship with UK to be, and have no thoughts on the possibility nor any...
Ending diagonal, divergence, perfect conditions for a short but from what I see we will have one more high at about .92 before fall kick in, so .9190 is where I will cover my current longs and add shorts with a SL just above the higher high to the left.
If USD doesn't find any real motivation before Jackson Hole and EUR refuses to give in... (4) may play out as a more shallow flat with EUR rallying into Jackson in (5) to fall into the Hole...
This is my long term perspective on Gold, based on the Elliot Wave principle and another technique I use called Hidden Pivot. This is my first published idea and I do it simply because this is what I see currently and I'm currious to see where it will be in comparison, let's say a year or two from now... I may elaborate further on smaller TF as things develops, if...