EURAUD alternative count 1h .
I think this count has higher probably of playing out because price has followed the guidelines of wave to its small details . Wave 4 is expected to be a flat pattern which will alternate with a zigzag on wave 2 .if price takes this road we will have to recount the whole move again
Dax 4h ....
I think DAX has formed a more complex combination correction pattern(WXYXZ) to delay time before price continue up . At the moment the probability of a bearish movement are very slim therefore buying this pair is the ideal way to trade this index
AUDUSD DAILY .
We have been making a mistake projecting this pair next move it is still in a correction wave (2) , so the best way to go about it is to wait untill we get wave 1 and wave 2 on 4hour chart then we will get involved
GBPCHF DAILY AND 4H ANALYSIS .....
since the daily has suggested a possible start of wave 5 , the 4H has confirmed this by showing the complex WxY pattern on wave 4 which means price added another wave (wave Y) to extend the correction time for wave 4 now unless we have a complex correction (WXYXZ) it's all system go for selling as we are going to trade for wave 5
GBPAUD ...
This pair should also continue its bullish advance as price has finished the correction move for wave 4 .here if price extended this wave 4 much further it will be much better for us as the probability increases for the wave 5 trade
EURCAD .
price is has formed a zigzag on wave 2 that is clearly correcting wave 1 to about 50%. Now looking at the time it took to form wave 2 the probability that next week we will start to move up are very high so its will be worth risking our capital buying this trade as for next week
GBPJPY , CADJPY, CHFJPY AND EURJPY .
Since for the past two months almost all JPY paired currencies have been moving in the same direction we expect that to remain the case going forward to next week. I think all these pairs will try to create new highs, and i think the best trading opportunities will come from CADJPY, as it's right now trading in wave 3 with price expected to start wave III of wave 3 next week
We cant decide on where we are going to as most of the pairs are in correction mode
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USDZAR... price has responded perfectly with an impulsive move after a perfect bearish zigzag pattern that has been trending in a bearish channel . Now with this impulsive move we expect a correction wave to the Fibonacci level before we start to buy again . Also we may look for short term selling opportunities as price is in a supply zone that should facilitate thay correction pullback to the Fibonacci level
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CADJPY .
am still bearish on this pair and with this leading diagonal move I think we will have a selling opportunity soon
Based on our GOLD Analysis, silver (XAGUSD) should follow this wave path. So this would be our trade of the week
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As you can see what has changed the two narrative is the early wave 2(black) . Depending on the rules the first is correct but due to circumstances the second one has Merit . So lets see which one hold
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Alternatively we can classify this correct as an extending triangle and still arrive at the same conclusion. Lets see how the market opens up today
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EURNZD AND GBPNZD .
We expect all these pair to be bullish next week as NZDUSD and AUDUSD should remain bearish due to bearish bias on EURUSD
EURGBP .... Price is creating a zigzag on wave 4 and we expect to have an impulsive move as wave [c].now since wave [b] is a zigzag there is still a great chance price might continue down without that wave c , so lets consider this as the other possiblity
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EURAUD ...4h .
Now with this pair price is currently trading on wave IV after that expanding ending diagonal on wave III . We hope to get a buying opportunity for wave V next week but price might well extend this correction phase and we might see wave IV drop lower or extend sideways before we see any significant impulse for wave V
I wasn't active these past two weeks , i was dealing with person problems. But we are back right now . And here are the watchlist for next trading week
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THE MARKET IS QUITE THIS WEEK .. nothing interesting is going on
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GBPCAD ... 4h update .
Price is still trading the correction wave II where currently price is in wave C of this zigzag pattern . Since we know wave C should be an impulsive move we will have e clear entry after its completion
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Based on our daily bias . On wave 4 gold has created a truncated fifth wave (wave V) on wave (1)(this is supposed to be wave A) .and a zigzag has followed on wave (2) . This correction wave (2) has retraced on a 61.8 Fibonacci Level whis is a. Idea retracement area which should allow us to buy for wave (3/c).
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Gold(XAUUSD) .
Alternatively price may continue bullish without extending the correction phase. This is our alternative count and it will remain valid until we have the next wave
