Singapore Grand Capital Analysis

http://singaporegrandcapital.com/img/wave.png

Singapore Grand Capital is young company with 2 grate analyst, We now want to share our work with all members from this forum, and maybe some of you will become our clients in the future. In this thread, we will posting regularly analysis and signals from our analyst team.We are looking forward to discussing the everyone,We will also doing one webinar every Monday for all forex factory members.

Type of analysis?
We are doing our analysis based on Elliott Wave theory.

What currency could you expect?
EUR/USD, GBP/JPY, EUR/JPY, EUR/AUD, NZD/USD

How much analysis can you expect?
We will try to post minimum 2 analysis daily

Our Site: www.singaporegrandcapital.com

The Pound/Yen pair finished corrective wave c at 123.16 level and start new five impulsive waves in the (1) wave,today in the European session GBP/JPY pair finish (ii) wave at the 122.86 level.Assuming that our count is right we are expecting to see bearish move in (iii) wave to 121.11 level.

Elliott Wave Analysis
The Eur/Aud pair finished 3 impulsive wave of the bigger (5) wave at the 1.2225 today, We are currently in 4 wave,According to our wave rules and taking into consideration that wave 4 will be equal to wave 2 we can project end of wave 4 at the 1.2244 level where we can enter short position in final 5 wave.

Our Recommendation
Enter Short position around 1.2244 with Stop Loss at 1.2270 and Take Profit at 1.2180