GU completed wave 4 and has started wave 5 today. I expect it will create a new high after having some retrace . image Also can see ending diagonal in USD index. So soon USD bulls will attack and a free fall of GU will be started. image

Cable Update (GBPUSD)

Yes not sure. But in small tf looks like wave c of b is going to complete soon.

AUD/USD

May be not much bull left....

AUD/USD

If that count proved valid we will see 1.5870-80 where may the wave 4 will be completed.

Cable Update (GBPUSD)

Also it can happen that all these moves are part of wave 4 sideway correction and the bottom may not set yet. image

Cable Update (GBPUSD)

Nothing abnormal. Market paid the price of good data before news release. If it is a uptrend, traders will get now seconds chance to ride that final bull run.

Cable Update (GBPUSD)

Thanks for your comment. This trend line is not broken. Rather the rejection is very clear. So imo we have to see the fundamentals. Imo daily is now looking bullish. image

Cable Update (GBPUSD)

If this count proved valid then 5th impulse wave is already started. We may see a new high if it not fail. image

Cable Update (GBPUSD)

This roller coaster created nice rhombus .. image

USD/JPY Discussion

Nice pattern for short. May be wave b completed or not. Who knows... image

AUD/USD

If this count proved valid strong downtrend will be started after the completion of wave b. image

AUD/USD

GBP/USD may get its top today.. My projection... image

Cable Update (GBPUSD)

I think wave 1 of wave C completed now. If that happen it may go down below .9100. But who knows.... image

Aussie Trading Room and Cartoons Gallery

Imo it will go for correction now. After correction of .90xx-.899x it may go for .93-.94 level.

Aussie Trading Room and Cartoons Gallery

I expected that up move to create the divergence . May be last wave up has a 5th wave extension. If that was wave 1 of wave C then AU will go down to at least .9050.

Aussie Trading Room and Cartoons Gallery

Agree with you. May be .9210-20 is good area for short , at least for 150 pips. After having some correction it may go for .93xx-.94xx area.

Aussie Trading Room and Cartoons Gallery

Imo it is time for another surge from GU. I am expecting strong bull atm.

Cable Update (GBPUSD)

May be it will go for 1.5528 before go down...

Cable Update (GBPUSD)

Still correcting the spike. May be it want 78.6 retrace or more.

Cable Update (GBPUSD)

May be wave 4 is placed @1.5428 and also wave 1 of last wave 5 is also completed by that spike. Now we may see sideways correction of that spike.

Cable Update (GBPUSD)