goldtc, do you have an opinion on AUDUSD Daily? This one is pretty confusing. What I have is a large corrective bull move and we're currently in C that resembles a diagonal triangle. But I'm not entirely convinced...
goldtc, do you have an opinion on AUDUSD Daily? This one is pretty confusing. What I have is a large corrective bull move and we're currently in C that resembles a diagonal triangle. But I'm not entirely convinced...
Hi Soso.. I wont be able to post AUD or EURO charts for atleast a week. I will be going on vaion tomorrow so I am a bit busy at this time. Here's the final for sometime. It is a short term chart revealing my expectations.
http://www..com/images/stories/1-7-08 euro.gif
Its 1.5749 now. May drop down more if ISM goes up in 2pm GMT later. I see a rebound to 1.6xx later.
That is my 4H count, for today I am maintaining my principal count on the last leg up being an abc. Although I am really cautious and understand that in order to allow the pattern to unfold 1.559 needs to break. It's the top of Wave 1 of your own count.
If this is only a correction of a bare impulsive leg up I am seeking to liquidate half of my place near 1.567 - in case it's there - and tighten my cease.
A brief chance on USDJPY, if price reaches 106.7 we could complete a corrective abc pattern.
The Euro decrease after I posted the charts was a good bear trap. It peeked below the trendline for a while but held over it by closing over it. 1.5785 right now. Time to return IMO.
Your count looks correct IMO. There's a great chance your count might play out. I am still confused if to count the entire wave upward as impulsive or corrective. The market should clear the pattern out in a few days. .
Indeed, the most target participant. For now I hold my shorts till ~1.567. I believe we've got a shirt now on H1, it appears like a growing triangle that ended into 50 percent retracemnt of the impulse down. I will scale short if price breaches the low of the previous H1 bar, 1.575.