money and Kevin Attached is my count for GBPJPY EG

Elliott Wave Counting with EG

scrapping my wave counts now as price goes far lower than I expected it to be. Sitting this out as I re assess my counts. EG

Elliott Wave Counting with EG

Note that we have a Bullish Pin Bar on the 15min chart ( at least that is what I see on my chart. Then a potentialbearish Barrier triangle on the 4hour chart. If price keeps above the 1.4530 level, we are more likely to range in this bearish barrier ...

Elliott Wave Counting with EG

EURUSD is probably developing a wave 4 inside this wave 5 down. Likely to retrace toward 1.4561 (38.2% wave 3 retracement) or (50% retrace to 61.8 retrace 1.4570 - 1.4578). EG I initially thought that based on price hitting the Daily Support 2 and ...

Elliott Wave Counting with EG

another scenario on chart incidentally, price hits Daily 5sma @ 1.4561. watching potential levels where price could turn around for a retracement: 1.4546 Daily Support 2 1.4480 61.8% projection from the previous days Range 1.4486 is Daily Support 3 ...

Elliott Wave Counting with EG

Time to watch for MACD Divergence onthe 15min chart to signal potential end of a Wave 5 of this wave c down of Sub wave c of the Big Wave B. Note your oscillators too come out of the oversold level and cross back into the trade zone. EG

Elliott Wave Counting with EG

I have already entered a Long trade @ MT4 equivalent of 1.4617. Yes it is on the negative now. SL is at 300. So if it goes down now to complete the final leg of Big wave C this Sl will take care of that even till 500pips or more if needed. If it ...

Elliott Wave Counting with EG

here is the 4 hour chart with that potential. Could be a contracting symmetrical triangle or a contracting barrier triangle. Either of the 2, will be followed with a break to the downside. The other option is a FLAT corrective triangle that goes up ...

Elliott Wave Counting with EG

I am currently looking at a 4hourt chart of EURUSD. And it now seems to me that there is a possibility that this wave is actually developing into a potential symmetrical contracting triangle corrective wave. Such the current wave 5 of sub wave c ...

Elliott Wave Counting with EG

Maybe somebody out there can help me out here remember some guidelines on EW. where in sub wave 1 of a wave 5 is esxpected to retrace the previous wave 4 by at least 50% before it retraces for sub wave 2 of Wave 5. In this case, I was too in a hurry ...

Elliott Wave Counting with EG

I basically take note of the Daily , 4hour and the 1 hour and 30min charts. Then I set up the 1min, 5min and 15 min charts. Then watch the waves develop in each time frame noting potential retracements and projections of waves. My new target for the ...

Elliott Wave Counting with EG

Watching the 1 minute chart now for the development of the wave 2 up to retrace by at least 61.8% of wave 1 which lands @ 1.4644 which is also the Daily Pivot. That is if this still retraces. Often times though I would think that I should better ...

Elliott Wave Counting with EG

Took a chance and exited at 1.4628 and looking at 1.4644 to enter shortrade again. Already got 15 pips net after 7 pip spread. That was not a very wise thing to do though. better to sit on the trade even if it retraces for that wave 2 up towards the ...

Elliott Wave Counting with EG

Classic examples I would say. of forecasting wave potentials based on EW Rules and Guidelines EG

Elliott Wave Counting with EG

this could be looking good for our Short trade now EG)

Elliott Wave Counting with EG

I actually have entered a short trade @ an MT4 equivalent of 1.4650 which is 9 pips away from what this wave 4 should be as a limit. SL is at 1.4670 to give room for a spike instead of 1.4659 EG

Elliott Wave Counting with EG

EURUSD update 1min up to 1hr stochastics over bought. potential for a bearish pinbar on the 15min chart momentum and CCI also at over bought level on 15 min chart. These are all potentials. Must ensure that price does not go higher than 1.4659. will ...

Elliott Wave Counting with EG

EURUSD — Price has formed : a triangle on the 5min chart. a semblance of a harmonic oattern on the 5min, 15min and 39min chart a potential bearish pin bar on the 1hour chart Price has also pierced thru the Daily Pivot at 1.4644 Weekly Pivot is ...

Elliott Wave Counting with EG

watching 38.2 otherwise the 50% level.

Elliott Wave Counting with EG

update on EURUSD Also, Price has been banging on the 15min 34ema which coincides with the median of a downward channel also on the 15min chart. Let us see if this will continue to move down now . EG

Elliott Wave Counting with EG