Color Scheme of the Charts to Differentiate the Various Wave Degrees is:
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{By clicking on any chart, it will enlarge for ease of viewing. Commentary at the top of each chart is more easily read, also.}
Showing posts with label Forex Trading. Show all posts
Showing posts with label Forex Trading. Show all posts

Wednesday, October 2, 2013

USDJPY close to finishing a major Contracting Triangle

The finish of the Ending Diagonal depicted in the chart at right, marks the end of the (ZZ) depicted in the chart at left, which then marks the end of the Primary degree Contracting Triangle.

Thursday, September 26, 2013

EURJPY approaching the completion of an Ending Diagonal

Turning to head south VERY soon!
Wave 4 of Ending Diagonal completed.  Heading up to wave 5 target.

Wave (B) of (ZZ) eyes its target just slightly south.  Wave (C) of Wave 5 up of the Ending Diagonal would then begin.

Saturday, September 21, 2013

Friday, September 20, 2013

USPJPY entering a potential 3rd of a 3rd of a 3rd

Chart #1 Multi Month / Multi Year Perspective
Chart #2 Multi Month Perspective
Chart #3 Multi Day / Intra Day Perspective

Tuesday, September 17, 2013

Tuesday, September 10, 2013

USDJPY's ugly twin. (The Bullish Interpretation)

Bullish Interpretation is not favored count currently, but remains a possibility to be prepared for.  A break above Wave (1) high in chart #2 would be reason for concern.

Sunday, September 8, 2013

USDJPY Wave C of ZZ Trade

Highest probable price target was chosen as profit target (highest peak on the Y axis histogram) and Stop order place just beyond the extreme of the ZZ pattern origin, which is where this pattern gets invalidated.

Saturday, September 7, 2013

EURUSD Short term view. Urgent trade opportunity!

Hourly candles are shown on right chart and reveal a micro look.  This is an opportunity to get a high reward/low risk entry, as your Stop order is nearby.

Friday, September 6, 2013

EURUSD Ripe for Major Rally


Expecting price to rally upward out of the khaki target box shown and
never looking back (for several months anyway).









USDJPY Two Scenarios


Slight dip ahead followed by a climb above 100.20
(likely to the 102-106 price area)

Thursday, September 5, 2013

USDJPY Still stuck in the Contracting Triangle but not for long.

Small move down, then up, then a slightly larger move down again before the major uptrend resumes and the major Contracting Triangle exerts its powerful thrust to the upside.  Blue line in the 3rd chart shows this expected future price action as a crude estimate.

AUDCHF poised for final leg down in a Zigzag

AUDCHF appears to have completed 5 waves to complete wave C of a Flat.  Next move should be significant to the downside, retracing all of this 5 wave move and then some.