Hello Guys, good things here thanks.
Any opportunity to see your quick chart on eur/jpy? 'd like to explore whether correction is ending or last 5 has been an impuls in a downtrend that is heavy?
Hello Guys, good things here thanks.
Any opportunity to see your quick chart on eur/jpy? 'd like to explore whether correction is ending or last 5 has been an impuls in a downtrend that is heavy?
Eur/Usd
Extended Term... ( Monthly Bar Chart )....
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Ok things seem great, we're approaching 106.6 level where a = c and 50 percent of the move down. If it holds I will brief the first bar that breaks the low of the last bar.
It could also go higher until 62% retracement, depends how this c tide unfolds.
That is a nice count TheCable. Very clean! I'm really bearish on EURUSD right now. . .my 4h count, we hit the upper side of the station.
The new top,Which we Left before 1-2 hours could also be Viewed,as irregular b for second wave from 5/3
I retract this trade, I have grounds to believe the probaility is reduced and it might fail. I anticipate USDJPY to go near 110 on July 29. Anyone has a count for the bullish movement that began in March?
This is my long-term count. And why I retracted that commerce is that we might already have finished b.
If we return to 110 to July 29 I anticipate a major fall.
Forgive me traders to changing my thoughts . I am not a veteran EWer so... Since the drop from June 2007 was obviously a corrective move I tried to identify this bullish move up as impulsive in the past but didn't succeed, today I looked and I think there is an impulsive move here. More observable on 4H chart where wave 3 could be broken in a spontaneous move.
So up the move into 110/July 29 may be counted as impulsive as in attached chart. The secret is if this 4th wave will finish. I would love the view of different EWers on this.
Im back from vaion and pleased to see Euro is down(according to expectations).
Here is the current count with expectations.
Bearish against 1.5780
Searching for a transfer to 1.5550~1.5600.