Most of you guys have seen my larger timeframe charts already. I like bigger pictures that show the direction we might go up to clearly.
From my point of view and what the chart is telling me we might be bottomed soon. I can see a massive long about to come on this EURUSD-pair, the main trend is still bullish since the early 90's. I expect this channel bottom to be hit and bounced from this year. Target could be at the median channel minimum, but this will be updated by the time we are there.
Saw your post on 4xforecaster's chart RE GBPJPY. I'm trading it atm, managed to catch a short close to the top. Fingers crossed it's currently doing a wave 2 of 1 pullback and wave 3 of 1 should ensure shortly.... Thanks for posting the chart! I'll be watching EURUSD closely too
ElPatron.Y
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Hi SunnyBTC, you are very welcome. I'm not shorting it yet because it might break out of the triangle a bit. But I will post that chart also, don't forget your SL at the right levels :).
SunnyBOT0
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For sure.... :)
SunnyBOT0
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FYI. GBPJPY price is hovering around a yearly pivot atm, hence why I'm betting this should be the top of this wave...
ElPatron.Y
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I've posted the chart for other traders also. The point 4 is at fib 0.618 and also a hidden bearish divergence 1+1=2. I'm in also now short from 180 to about 175, a lot of pips to be made.. Don't forget to put your buy order also!
SunnyBOT0
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Sweet. Btw i've been a student of Elliott wave for a couple of years now, and have been using it to trade bitcoin. Shifted over to FX and have found that it's much more about harmonic patterns. Not really looked at Geo's before and i'm finding them facinating. I may ask some silly questions at times, I hope you don't mind! Thanks, Sunny
ElPatron.Y
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Where have you studied EW? EW is used in combination with WW, they go together. Feel free to chat with me private also, no question is silly IMO.
SunnyBOT0
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Home study mainly. I've watched the Robert Prechter series from Elliott Wave International and also learn a lot by talking to DanV. Yeh i noticed some similarities to WW. I'll be in touch and thanks again!