Opportunity Hunters - All Pairs!

HI,
I'm new in forex .What is FF?

Thanks

Welcome on board.

FF = forex factory

as last year market changed direction like in that time, all traders now are waiting to see if the history will repeat it self this year. many traders are waiting that this cycle to be on again and GU to start to go up, but i don't see it like that cos in 2009 inflation was still somehow in control in the UK & Europ but now we are watching what can happen when someone try to play with supply and demand, in other words you will not find a country bigger then the market.

this is why GU is now on a critical zone, and i see it as still more falls to come, cos the way GU went up during the last years you can say it's crazy & simply now the market it's correcting it self

Happy trade everyone

Since EURJPY broke through its previous minimum level at forex market - 120.6, it finished by now downtrand @ right 100 pips lower -- 119.6 level. Analyzing the latter downside move, starting from 125.2, Feb.22, it seems that it has only 3 waves. It explains the possibility of the final downside part of wave.

The described scenario is actual until breaking 124.5 level to the upside. We should keep in mind, that this variant is also possible. The current wave scenario means, that the bearish impulse is at it's finishing stage, and the latter move could be cut to only 3 waves. Another argument to this pattern is the fact, than wave [3] is much longer comparing to wave [1].

Nevertheless, we keep the priority of downside scenario, as it accords forex elliott analysis system more. Risk ratio for sell orders is attractive, with stops above 124.5 and targets below 119.6

1 Hour chart is attached in the signature link.

Our view on EURJPY, that we posted yesterday, startes to prove today. the pair has gained through the day almost 250 pips to the downside.
the formed bearish impulse has 5 wave structure. it means, that it's likely to be the first part of described in a previous post final bearish wave.
right now the price action is at the stage of retracement. EURJPY has already formed 3 microwaves to the upside, it's a good signal, that the retracement might have finished. this scenario is proved by the stochastic pattern @ 1 Hour chart. nevertheless, we should keep in mind, that the continuation of the retrace can be still possible.
sell orders can be open with the consequent stops at 123.8 and 124.5 and targets below 119.6
we'll try to determine the finish of wave 3 according to forex elliott system and make the target point more concrete, so stay tuned.
2 charts are in the signature link)

Hello mates,
long time not posting in FF and my thread.
I really was very busy at my work and have no time to post or contribute on FF threads.
BTW I find some time today to post my views.
Here are some charts for Dragon,Cable & CADJPY

if you have any questions regarding them I'll be happy to answer them.

Regards.
BT

Hi BT,

Would you please explain how did you get 1.58 in relation to your chart.
Thanks.

As the market opened, the cable showed us a significant upside gap, that proves the previous entry. As there were just 3 bullish waves, the current retracement move may be used to open buy orders.

The chart is attached in the signature link.

Here is what I see.
GJ daily chart. I may be wrong but all numbers and % on the chart are right.

Let's See how it will play

The NZD/CHF is trading inside a nice channel (1h time frame) and could break to the downside any minute now, as this is usually a continuation (of the down trend) pattern.