Update on EURJPY — The pattern I showed several hours ago is proved by now: another downward wave has already formed. If current move is just a correction to the previous bullish impulse, it's possibly over. But the question is open if EJ is ...

Rao Journal: Elliot Wave Analysis

EJ on 15min — As I've mentioned yesterday, I can't tell exactly by now if the bullish move on EJ has come to an end. that's why I trade on minor TFs. When the market opened, EJ finished 5-wave downward structure. at the moment the price is in ...

Rao Journal: Elliot Wave Analysis

GBPJPY 4H chart — Analyzing 4h chart amde me think that the bullish movement which we saw on gj during last 6 months is pretty close to the end. You can see here detailed view on the 5th wave, which is already completed.

Rao Journal: Elliot Wave Analysis

GBPJPY Daily chart — I'm looking through GJ chart right now. Take a glance at my wave scenario, it seems we can get ready for a retracement till 146 zone. Never the less, we should keep in mind two things: 1. The 5th wave can become expanded ...

Rao Journal: Elliot Wave Analysis

EURUSD - 09.Aug — EU seems for me clear by now: on daily chart there's a 5-wave formation, and we're ahead of a retracement, which has already started. On 30min chart we can notice completed 3 waves, I suppose they'll become part of the first ...

Rao Journal: Elliot Wave Analysis

EURJPY - 09.Aug — The chart tells me that at the moment we're coming to the end of a great bullish wave lasting from the 1st decade of July. I can't say confidently now if it's completed or not. Wave count on the 1H chart seems to have been ...

Rao Journal: Elliot Wave Analysis

Going up during next few days — Now the price is going to finish it's strong bullish move by forming the last, fifth wave. If we zoom the chart (please look at 1h), we can see that 1-2 subwave formation is already done by EJ, possibly Sunday ...

Daily EUR/JPY analysis

I suppose it would, but at first it should finish the retrace at least till 124.4. As the bearish movement is strong these days, I think the retracement won't last long.

Daily EUR/JPY analysis

The price has touched 38.2% Fibo res lvl and exactly turned there around. Hopefully, I managed to close my short on 121.79 suspect, I see your trade is also done. My congratulations!

Daily EUR/JPY analysis

Short entry on EJ — I expect a nice downside move, my first target is 121.5

Daily EUR/JPY analysis

Both EJ and EU opened on Monday with a gap to the downside, which continued with a strong bearish move during the Asian session on both pairs. On European session price action is in consolidation area, I think we can see on 5min chart a 3-wave ...

Daily EUR/JPY analysis

EJ analysis — During the last several weeks price action on EJ is strongly bullish. I made another attempt to analyze it in details. To my mind, we are wathing for the development of a strong bullish wave 3. We can notice the small elements of ...

Daily EUR/JPY analysis

It seems that nothing has changed at all, just some pips... Good night to everyone (at least who has GMT+2 ), I don't hope that Asian session would bring a big movement.

EUR/JPY

As we can see on the chart below, EURJPY has formed a channel. I can't characterize it precisely, as it can be described as horizontal or inclined (the angle is very small). Which side will it break now? Possibly, it's heading now to the upside, as ...

EUR/JPY

Analyzing the last 2 hours, the price action on GBP pairs is waiting for news announcement...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Out of attention — I haven't found any big moves on Ej during the holidays, so I'm afraid it is out of traders' attention now. It has only few pips to fill it's Sunday gap. I predict the pair won't follow UJ and GJ, as USD has Gustav ...

Daily EUR/JPY analysis

I predict the gap will be filled, but I don't think it'll go further pivot - 109,94. I'm thinking that gap on UJ will close sooner than the one on GJ, and UJ can go down earlier than Gj will finish its up movement... So I'm not sure about GJ ...

USD/JPY Discussion

WHAT ABOUT GAP? — It was formed on both GU and GJ - it should dbe filled! Waiting for a retracement...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Let's short? — Hey traders, I'm happy to see you in my favourite discussion topic! Here's my last EJ analysis; Just now the price has touched the upper line of the big triangle, lasting since Monday. I should admit that nothing except this ...

Daily EUR/JPY analysis