need to see price go below 100...(we will need to see a meltdown in S&P) ... to confirm the top... starting to build up the shorts
Bias to upside still intact. notice how it bounce from 1.000 and 1.0300... remain to upside with any pullback to add more...
are we almost done with this correction... looks like we have some reaction at 127% of wave A.... but, don't look like 5wave C is completed.... overall bias still to up side... will be going long with the confirmation of 15 min change of trend around 0.9500.. target open....
we are under 0.8000, which will serve as a major resistance.... looks like we will have some technical bumps.. but, staying short down to 0.6000 for now...
stay with the trend.... don't see any reason to buy this pair... stay short.... unless we pop back up above 0.9600 next week... in case we do get a technical pullback.. we will short again on any rally to 00's.. but, it seems next major support is 0.9370 area.... remain very bearish...
from a double bottom at 1.5000... rallied back to 1.5250, but acting as a solid resistance.... will be looking for an ABC correction before catching next rally down...
another rejection from 1.3050.. if we stay under.. taking this as an attempt for a triangle before breaking lower.... we have to either break above 3050 or below 2820-30 area to be back in a trending mode... may have to play this as a range little longer....
3020 still playing the role.. after several try by bears... 3020 hold every rallies... now, time for the leg up?
going long for the final leg up .. stop around 97. target 102.50 level...
lets see if we can a reaction 5250 area to make the right shoulder to form a inverse head and shoulder to go up next week before the fall ....
looking for one more high to complete this rising wedge diagonal... look to short and wait and see if we get a 3wave down or 5wave down....
Just like other yen crosses.... all making ending diagonal wedge or 3 drive tops... knowing BOJ's intention... going short on yen pairs is a counter trend for now and could be risky.... small stop is needed for these short positions, but if works out.. reward can be great...
Hard to believe it is back up to 1.0500... shorting aussie using this 1.0500.. still a major resistance for this pair... we have Chinese date coming out.. would like to see a strong rejection at this level....
are we done with the correction and ready for more downside? ... I will be looking for this correction to be extended... using 1.5 level to go long for one more 5 wave C. Ideal target to 1.5425 and.. 1.5425 should be a good place to go swing short... for much lower for next couple months...
Same concept as EUR/JPY long setup.... 100 should be the do or die level for this one... but, i do smell over all swing correction is coming soon...