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NASDAQ 2H UPDATE ... Right now price has made an irregular flat on wave 4 of which its wave C should end on the demand level. Now there should be a buying opportunity today for wave 5 if price does what we expect it to do so we should put this pair on our whatchlist
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Right now DAX Is the easiest pair to trade using elliotwave principle . Here we have completed this impulsive wave 3 we expect a correction on Monday probably and early Tuesday then there should be another buying opportunity for wave 5 as price continue with its bullish move
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NASDAQ price is in a strong bullish trend as we are currently trading the last fifth wave of wave (3) ... We will be looking for bullish buying scenarios this coming week
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EURJPY should continue its bullish trend and we can get involved when there is a correction move next week
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EURAUD 4H .... here this Analysis isn't the only projection we are expecting on this par as instead of an impulsive move we could only have a zig zag and then price continue bullish , so keep an open mind on this pair
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NZDUSD... A text book like example of impulsive and correction with perfect Fibonacci retracement . Wave 2 is a perfect zigzag pattern that should facilitate a continuation on the bearish side .If the market remain constant then this should be a trade of the week
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GBPCAD 4H .. the first zigzag has completed as what is projected to be the first leg of a larger correction pattern. On a larger timeframe we are on the correction phase so this to me is only the first wave [a]. So am expecting a bullish wave [b] which at this pint could also be wave x before price continue bearish . We could be looking for short term bullish trades on a lower timeframes but not something to hold as wave B are not ideal waves to trade
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Hello guys I hope your having a great weekend the following are our pairs we will be keeping our eyes on this coming week
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GBPAUD ... We have a running flat on wave 4 by evident of its formation . At this moment this pair is most likely forming an ending triangle so there should be another bullish wave as wave V to complete this pattern so we will be looking for buying opportunities
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We are offering 45% discount on our VIP subscription fee to the first 5 people ... Contact me @mwakasole
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GBPCAD... after the completion of wave 5 price has started the correction phase by breaking the depth. Now any bullish correction that follows will provide a selling opportunity to atleast 1.65340
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This is the first time in a while i have seen a truncated wave 5 .from this you can see how the market usually react after the formation of this wave
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There will be trade signals for all these pairs on VIP group next week . Contact me @mwakasole to join
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NATGAS 2h this flat like zigzag pattern has completed all internal count so we shoul be bearish this coming week... Once price present a selling opportunity we should take it as we expect this pair to remain bearish for long time
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US30 ... There are two best scenarios in play here but i strongly think the bullish one has more probability as all indeces seems to favor bullish momentum this coming week
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EURNZD .. a complete 5 wave decline has signal a strong resistance against the Bullish trend . Now we are not certain if price has changed the trend into bearish completely so the next move bullish should tell the full story
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EURAUD .. 4H Am really convinced that price will go bullish on this pair as price has competed a zigzag wave A . I know wave C seems too short but remember the whole move hasn't had a significant correction ever since price started this bearish move. So we are expecting a pullback as wave B
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XAUUSD 4h ... gold is still bearish as price is trading on a correction wave Iv of this bearish C wave . Once the market opens we will be looking to go short to try and catch the last wave V of this C move . After the completion of wave C then we will start to plan for long term bullish play
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NZDJPY ... These are the two most possible scenarios this pair may olay out . But whatever happens on opening day next week this pair should turn bearish on the long run.
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GBPAUD 4H ... WE are hopping that this pair will continue bullish as the overall trend is still bullish on the larger timeframe . Price is trading wave V and currently we have had a leading diagonal as wave i as a start of an impulsive move to the upside. Now if price trades below wave Iv this move will be invalid and we may be looking at something completely different
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EURGBP ..... We are in a down trend and in an impulsive move down. Price is creating a flat on wave Iv which after its completion should provide a Selling opportunity for wave V
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NATGAS... NATGAS has been bearish for some months now so I strongly think the trend hasn't ended yet although it might be approaching the end . Currently we are in a correction wave (4) which should be a zigzag after a formation of wave (c) .from there price should continue bearish .so We will be looking for buying opportunity for wave (c) then look for selling opportunity after the completion of the whole pattern
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US30 1h.. after that double zigzag we can't say for sure if the correction move is over as nas100 seems to hint that the correction phase will continue but since this was a very strong trend i doubt if that will be the case . So we will know once price complete wave 5
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CHFJPY ..... next week price should open bullish as it start to form wave B . Then we may have a selling opportunity for wave C
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EURCAD . this complete five wave sequence is the final wave [5] of a larger sequence. Which means we might have started a correction phase. Now the most important wave is this wave b? 2 as that will determine where we start to sell
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