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EURUSD elliott wave count 5.May

posted by tovinces 753 days ago in USD, Technical, Daily

In fact, EU continued yesterday its downtrend without a pause. IT seems to me that now the pair managed to find its low in 1.295-1.3 area (261.8 level comparing to wave 1). Let me remember, that the current bearish move is determined as wave 5. [

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GBPUSD elliott wave count 4 may

posted by tovinces 753 days ago in GBP, Technical, Daily

As I’ve written in my previous entry about the cable, the variant of 3-3-3 retracement takes place now, though it seemed to me unlikely at that moment.

With red “stops” are shown extra points of this formation. By now I can’t tell for sure if

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EURJPY elliott analysis

posted by tovinces 767 days ago in JPY, Technical, Daily made popular 767 days ago

EJ continued its downside move during the previous week and made another low @123.15. It could be a signal for the forming of wave 5. On the smaller TFs is shown, that the latter downside move [..]

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GBPUSD correction continued?

posted by tovinces 779 days ago in GBP, Technical, Daily made popular 779 days ago

GU is likely ahead of another decline, so sell orders with stops above 1.557 and targets below [..]

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EURJPY continued decline?

posted by tovinces 780 days ago in JPY, Technical, Daily

The decline I was describing previously expanded yesterday, reaching another lows. Wave 3 divided into 5 parts, and the short-term upside move I mentioned earlier was just a correction to the 3rd part.

Now price has reached 423.6 Fibonacci lev

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The cable was moving during the beginning of the week togeth

posted by tovinces 781 days ago in USD, Technical, Daily made popular 781 days ago

The cable was moving during the beginning of the week together with EU to the downside. It broke the previous’ wave min level today in the morning, during the European session. That means, that the uptrend we could use at previous week has finish

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elliott wave analysis of EURJPY

posted by tovinces 781 days ago in JPY, Technical, Daily

Starting from Monday, EJ price managed to go lower on 250 pips, forming the 5 wave pattern. As 5 wave formation is typical for impulses, we can have fixed the very beginning of described previously bearish move. chart is attached. Happy trading

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EURUSD elliott waves analysis. 6 apr, with chart

posted by tovinces 781 days ago in USD, Technical, Daily

EU broke several hours ago the minimum level of previous wave 3. It can indicate one of the following scenarios: 1. The continuation of a downtrend with new lows. 2. The completing of retracement (in mid-term perspective) pattern 3-3-3 or o

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Mid-term analysys on EJ

posted by tovinces 786 days ago in JPY, Technical, Weekly

Starting from 138.5 (made at the end of 2009), the pair continues to form wave 3, with a highly extended latter wave (that is not surprising for high timeframe). Right now the price is at the stage of forming (5) of 3, and accordingly, wave [iii]

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Todays elliott analysis of GU on 5,30, 1h,4h timeframes.

posted by tovinces 787 days ago in GBP, Technical, Weekly made popular 787 days ago

all charts are attached.

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Daily elliott analysis.

posted by tovinces 790 days ago in GBP, Technical, Daily made popular 790 days ago

n short-term perspective, GU is forming another bullish impulse, so you can trade on 5th wave forming. Trading options are: SL 1.4895, initial TP [...]

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Today's Cable Elliott Analysis

posted by tovinces 796 days ago in GBP, Technical, Daily made popular 795 days ago

With a profitable risk ratio buy orders can be opened now with parameters SL @1.4965 and initial TP...

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