Rare Elliott Wave Formation on AUDJPY
We have been seeing a pretty normal Elliott Wave count on the AUDJPY until this morning.
After a complex Wave iv consisting of a Double Zig Zag sitting just above a 38.2% retracement of Wave ii, we started to see a move to the upside(shown with the light blue arrow). This was a good signal to indicate that Wave v has now started to form.
Taking into consideration that Wave iii was well over 161.8% of Wave i, we expect to see Wave v, be a similar length to Wave i
Rare Elliott Wave Formation on AUDJPY
We have been seeing a pretty normal Elliott Wave count on the AUDJPY until this morning.
After a complex Wave iv consisting of a Double Zig Zag sitting just above a 38.2% retracement of Wave ii, we started to see a move to the upside(shown with the light blue arrow). This was a good signal to indicate that Wave v has now started to form.
Taking into consideration that Wave iii was well over 161.8% of Wave i, we expect to see Wave v, be a similar length to Wave i
Trade Ideas
AUDNZD – H4 Timeframe.
Rejected the double top we were looking at yesterday after a break of a flat top triangle on a lower time frame.
If we can stay below 1.08270, look for moves to 1.05700!
Trade Ideas
AUDNZD – H4 Timeframe.
Rejected the double top we were looking at yesterday after a break of a flat top triangle on a lower time frame.
If we can stay below 1.08270, look for moves to 1.05700!
Trade Ideas
WTI, H4
We can see that WTI recently broke a Double Top. The next candle made a strong retracement back to a small support around 61.500 a barrel.
Ideally, we want this candle to close as a strong Bullish Candle to look for further moves to the upside.
AUDCAD, M5
Here we can see that AUDCAD has started to move into two converging lines forming a Symmetrical Triangle.
Wait for a break of this pattern for a potential move. This could happen as we approach the UK open.
AUDJPY, M15
Within an Elliott Wave Cycle. Currently, it seems that we have finished Wave 2 of Wave (v) after a 61.8% Fibonacci retracement of Wave 1 it made a strong move to the upside.
Using a Fibonacci Expansion, look for wave 3 to reach 100% to 161.8% of wave 1.
EURNZD, H1
A strong downtrend creating a clean path back up. We can now see a Flat Top Trinagel being broken to the upside.
If it stays above 1.6200 Look for a Potential Target at about 1.67348
Trade Ideas
WTI, H4
We can see that WTI recently broke a Double Top. The next candle made a strong retracement back to a small support around 61.500 a barrel.
Ideally, we want this candle to close as a strong Bullish Candle to look for further moves to the upside.
AUDCAD, M5
Here we can see that AUDCAD has started to move into two converging lines forming a Symmetrical Triangle.
Wait for a break of this pattern for a potential move. This could happen as we approach the UK open.
AUDJPY, M15
Within an Elliott Wave Cycle. Currently, it seems that we have finished Wave 2 of Wave (v) after a 61.8% Fibonacci retracement of Wave 1 it made a strong move to the upside.
Using a Fibonacci Expansion, look for wave 3 to reach 100% to 161.8% of wave 1.
EURNZD, H1
A strong downtrend creating a clean path back up. We can now see a Flat Top Trinagel being broken to the upside.
If it stays above 1.6200 Look for a Potential Target at about 1.67348
