Keeping an eye on other JPY cross pairs, it's getting interesting.

USD/JPY Discussion

Very likely.....................

USD/JPY Discussion

Yes I misunderstood. You are right, channel line ii-iv could be resistance, however, I was watching minor (ii)-(iv) channel lines being broken that gives early signal of trend change and now major ones broken, therefore very much confirmed it. The ...

SPX and DAX - CFDs are the place to be

Thank you for an interesting question. Just as I write, Dax is forming an extended wave [iii] and until a minor correction wave [iv] is formed, then the channel line [ii]-[iv] can be drawn. Hope that's what you are concerning about. image

SPX and DAX - CFDs are the place to be

Correction (iv) is done, resuming downtrend. image

Cable Update (GBPUSD)

Correction is done, resuming uptrend. image image

SPX and DAX - CFDs are the place to be

Looks like a leading diagonal [i] pointing to the upside. If it stays above or not too far from 61.82% area, expect good upside potential. While the invalidation point of this view is around 0.7842. image

EUR/GBP - What a great pair to trade!

First target for this minor orange wave [i] is around 147.50, then there would be a deep correction [ii] down for 2nd chance entry. While it is bit too early to work out the target for the whole wave [v], I guess it would be towards the 160.00s with ...

EUR/JPY

A typical irregular correction [iv] just completed, that means the resumption of current uptrend on a wave [v]. image

EUR/JPY

A wave [iii] is almost near it's completion. image

EUR/CAD

A rethink due to price decline, that the complex correction iv is still in progress, before a long extended wave v advance, i.e. on a daily time frame. image

CAD/CHF

Would S&P500 find it's bottom in today's US session? Also with DAX? image image

SPX and DAX - CFDs are the place to be

USDJPY long term. Now moving up on a wave (v). image

USD/JPY Discussion

image

SPX and DAX - CFDs are the place to be

I've only spoken to you once or twice, but please explain How "one must always present an alternate count".

USD/JPY Discussion

That's why I use sl 117.86 where it invalids the count breaking bottom channel line, with a small loss if I'm wrong.

USD/JPY Discussion

Looks like it's just a straight impulse wave v down, and the only safe place to enter ATM is with a buy stop where it confirms reversal. image

SPX and DAX - CFDs are the place to be

Well done. I know I'm getting somewhere with EW but don't take it 100% correct all the time.

SPX and DAX - CFDs are the place to be

It's testing 61.82 retracement near bottom channel line before the advance - that's usually the case at the beginning of a 5th wave. Stay long or a good place for entry with sl under channel line. image

USD/JPY Discussion

Thank you. Good tp to take position for.....while lots of work in the mean time.

USD/JPY Discussion