EU's going up — The possibility of the upside move for EURUSD is rather clear. It’s formed a 5 wave formation, then we watched a significant retracement. From this point wave 3 may begin to form. More over, the upside move @EU does correlate ...

EURUSD

EURJPY is ready to go higher — EJ has just gone a bit lower than it’s previous min level, and right after that started to climb higher. It seems, that wave 4 has already formed and it is going to start the upside move. The scenario is proved ...

EUR/JPY Anytime!

My scenario is still actual. The price started to rise, while Stochastic lines are at the bottom (4 hour timeframe) - cable did manage to hold 1.563 level.

Cable Update (GBPUSD)

is GU ready for the upside move? — Just 30 pips left between the current price and installed SL level. I hope the wave count pattern I made and was following with you during several days won’t be false and the cable won’t break through SL. My ...

Cable Update (GBPUSD)

I keep my long position with SL @1.5625, my initial TP @1.5815 The decision is made according to Fibo+Elliott theories.

Cable Update (GBPUSD)

since i've posted that entry, the price at GU has already bounced to the upside +40 pips. min price point 1.568 might be the bottom level of retracement wave.

Cable Update (GBPUSD)

Cable retraces — To my mind, the scenario you can see at EJ and GU are similar. Both pairs seem to form correction waves to the previous bullish impulses. What concerns exactly cable, this scenario is actual till the price is holding higher, ...

Cable Update (GBPUSD)

Ej is retracing — A retracement move, that I mentioned in the previous entry, is taking its turn right now. The downside move is volatile. View at the pair left the same, I expect forming of wave 5. Part of buy order can be opened aready, as ...

EUR/JPY Anytime!

What's your opinion about this view? — Hi, i didn't post there for a long time. now i'm back and i want to share with my expectations on this pair. EURJPY has possibly finished it’s another bullish impulse, that is described at 30min chart as ...

EUR/JPY Anytime!

GU — After the day of trading in a tight range, cable finally broke through the levels, which I described in the previous entry (i mean yesterday's post at forexelliottanalysis.com ). Now GU has a good perspective for a bullish move, as it’s ...

Rao Journal: Elliot Wave Analysis

EJ — EURJPY has possibly finished it’s another bullish impulse, that is described at 30min chart as wave 3. On the 15 min chart a detailed view of this impulse is given. I can’t determine for sure if the last part of this impulse has already ...

Rao Journal: Elliot Wave Analysis

Hi! — After a significant break, i found enough motivation to continue my journal.

Rao Journal: Elliot Wave Analysis

eurjpy @ 26.Aug — The correction seems to have been finished the day before. According to my wave count, the 1st bullish wave of the following impulse, and correction to it, has been already formed. Right now I think wave (3) of 3 is starting. ...

Rao Journal: Elliot Wave Analysis

EJ update — EurJpy is in correction mode by now. If I'm right the price will show us another min before it'll resume bullish move.

Rao Journal: Elliot Wave Analysis

GBPUSD 25.Aug — The pattern which I drew at the week-end is actual. Bearish move is forming a 3-wave formation. I'm waiting for the completing of the last part of wave 3 and then will try to put a long position with SL below 1.627

Rao Journal: Elliot Wave Analysis

EURUSD 25.Aug — EurUsd continues its slow move to the downside, but this move is not fired up, the volatility is low, even comparing with other pairs. The first trading day of this week hadn't cleared the pattern on EU, so I'm still out of it.

Rao Journal: Elliot Wave Analysis

EURJPY — I don't see a clear pattern on EJ. As I've mentioned before, the price on this pair didn't manage to reach previous max level, but the last bullish impulse has 5-wave formation. I can write much more, but I think that in this occasion ...

Rao Journal: Elliot Wave Analysis

Cable Homework — Daily Chart: Cable is in a bullish mode since the end of Jan'09. If my wave count is right, we're ahead bullish wave [v] of (5) of 3, which will complete a strong bullish impulse starting at 11.March. 4H&1H Chart: waves [i] ...

Rao Journal: Elliot Wave Analysis

Update on EU — Several hours before the market closed we saw the beginning of bearish move on EU. I tend to think that the price will reach at least 1.4265 level, that's minimal Fibo retracement level for a wave 3 (speaking about charts, ...

Rao Journal: Elliot Wave Analysis

EURUSD thorough analysis — My account suffered significantly this morning as I lost the direction of the market. Only after that I did what I should have done much earlier So, take a look at EURUSD 4H chart. There is a formed 3-wave ...

Rao Journal: Elliot Wave Analysis