Elliot Wave Trading

[Mafioso]

Looks to me like the impulsive moves had started in this pair. Imo Wave 2 down is about to start with possible 2 levels for wave c/2 before the north move begins.

[Mafioso]

Being trying to post here many times but apperantly there is something wrong with the forum.

[Mafioso]

i agree on the above view

[Jamie Saettele]

Originally Posted by Jamie Saettele Yeah...I here ya. That choppy rally could be a series of 1s and 2s, in which case, the break is higher into 1.0070 resistance....or is the rally a diagonal. Even if it is a diagonal, a spike to 1.0070 is still possible in the form of a throwover but then we'd see a top and reversal. Time will tell. The EURUSD is setting up nicely for the C wave decline into 1.4500 before wave 3 takes off into the 1.50's. Wave 1 of C will be complete following a drop below 1.4696. Then look to sell the wave 2 rally near 1.4735/50

This is an update of this morning's chart. 5 waves are down from 1.4823 and 3 waves are close to complete from the low at 1.4659. Look for a top and reversal soon in the 1.4730/60 zone...the next decline should test 1.4500 this week.

[marketwavez2]

Usd/Cad

Whoot! ...... There It is .......

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[blueman]

Jamie,could you post your longterm in (weekly)Gbp count.
Thanks
blueman

[Picolo]

Jamie, u've been spot on with both the initial decline and the recovery to 1.4735. Well called. I basically do feel the same about euro since friday. Still holding my short since I faded the post payroll spike and lowered my stop now to 1.4735 when the 3 wave decline today confirmed we should probably be seeing lower prices.

[orudy]

Glad to find this forum. Anybody also see USD/CHF weather now has completed three-waves (A-B-C)down and start a new up cycle or else is still in the fourth wave of 5 waves down to test previous low 1.0883? Any comment please.

[brad_1199]

Originally Posted by Vincent_G Here it is. Cheers

Thank You Vincent

[marketwavez2]

Originally Posted by orudy Glad to find this forum. Anybody also see USD/CHF weather now has completed three-waves (A-B-C)down and start a new up cycle or else is still in the fourth wave of 5 waves down to test previous low 1.0883? Any comment please.

Hi Ourdy

Welcome .....
the rest of the gang will be along shortly.....

Is this your first chart post ?
- well its too wide ....
can you please make your chart
a little bit smaller and then repost it ......Advance thanx !

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[marketwavez2]

Did someone say some thing about a Bull Market ?

Where is it ? .....

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[EG888]

Originally Posted by marketwavez2 Did someone say some thing about a Bull Market ? Where is it ? ..... --------------------------------------------------------------------------

Possibly on the EURUSD incase it bounces off the downward support trendline I drew.

I left the fibs on my chart so you can check retracement values and extention values too which I use with my wave counts.

EG

[blueman]

Originally Posted by marketwavez2 Did someone say some thing about a Bull Market ? Where is it ? ..... --------------------------------------------------------------------------

Market do u have any longterm count for GBP in weekly time frame...thanks

[orudy]

If we notice USDJPY went up from 107.2 6 weeks ago and end on 114.6, the move was well match to dow move 6 weeks ago. Can we analyze dow to anticipate yen move this week? In my opinion, dow is making 3 wave down A (with three a-b-c), has completed B move, and now is making C wave with a-b-c move as well. Possibly b wave is an up move for this week, before it finally make c wave down stop at 100ma on weekly chart. Will the move be reflected to USD/JPY this coming two weeks? Any comment?

[Picolo]

Anyone feeling the same about NZDJPY? And what I take from this is that maybe the other YEN crosses haven't got THAT much downside left in them anymore either? The JULY-AUGUST plunge was in 3 waves for most of them (except against USD i guess), which would ultimatelly resolve in upside after the correction ends.

Picolo