101.20-30 area may be a good buy area if that count proves valid. image

USD/JPY Discussion

If it goes bellow 1.3523 the next level to observe will be 1.3484. If 1.3484 holds we may see a bearish three drive pattern @1.3660-80 area . But time will tell....

EURUSD

If 1.6323 hold then next may be a new high. image

Cable Update (GBPUSD)

Nice analysis. In the longer tf 0.80 level is very possible. image

AUD/USD

Looks like three drive pattern , may be wave B. Failure of bearish three drive pattern will initiate strong bull other wise strong downside movement is expected. image

NZD/USD

Yes, you are right. Also no weakness of GBP from fundamentals which is important to confirm that the wave 5 is completed.

Elliott wave outlook

There is possibility of formation of bearish three drive to retrace the last bull run. But time will tell.... image

EURUSD

Good shorting opportunity may be in GBP/NZD. Already dropped 150 pips today. image

Cable Update (GBPUSD)

I think it is in the last phase of bull run. If the wave 5 in small tf fail then may this high will persist. Also this high have a fibo importance. But yes may see more extension of the last wave if fundamentals favor GBP. image

Cable Update (GBPUSD)

I fully agree with you on that count (my count is same) except I don't expect that high you mentioned. Strong divergence in daily.

Cable Update (GBPUSD)

Expecting a test of the last high. It may create a new high or not but I think not much upside potential left.

Cable Update (GBPUSD)

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Yes if head & shoulder works out it is very possible imo. Fifth wave failure makes the head double (3rd wave top and 5th wave top) . BTW your new pattern .

EurAnalysis

Sometime wave analyst becomes confused to detect whether the wave is corrective or impulsive. What I counted as wave A and B in above post can be wave 1 and wave 2 instead of it. If that happen a very strong downward move will happen and that will ...

Cable Update (GBPUSD)

My preferred wave count. GU is in wave B which is correction of wave A . Now the question is how strong this wave B is? BTW at the end of wave B a downward move towards 1.57xx-1.56xx is expected. image

Cable Update (GBPUSD)

Looks like 1.6200 is very possible . But may be after visiting 1.56xx-1.57xx level.

Cable Update (GBPUSD)

That count demand 1000 pips fall. So if that count proved valid EJ going to fall towars 121.xx-122.xx area. image

EUR/JPY Trading Room

Last 5 wave impulse that is wave 5 is still due in USDX. The meaning of 5 wave up in USDX is 5 wave down or wave c of cable. I think cable is in wave b and soon wave c will take us to 1.5570-80 area. image

Cable Update (GBPUSD)

No manipulation happen here. Have you any reason of saying it manipulation. Its just a quick correction . Nothing goes up or down in a straight way. If it is a bull run you will get second chance to ride there or if it is correction you will see ...

Cable Update (GBPUSD)