USD/JPY
4 hour https://fxmedia.s3.amazonaws.com/art...01-2017uj4.png
The USD/JPY indeed confirmed the wave 4 (orange) corrective structure when price broke above the resistance levels (dotted lines) as expected. Price is now moving towards the Fib targets.
1 hour https://fxmedia.s3.amazonaws.com/art...01-2017uj1.png
The USD/JPY indeed confirmed the wave 1-2 (green) wave structure and is now moving towards the Fibonacci targets of wave 3 (green).
Hi Tarantula, ATR levels down, confluence L5 SB target and fibonaci 61.8 %. Its good zone for buy ? {image}
Ignored
Im not particularly watching that pair at this moment. IMO, buying EUR is only possible as a scalp. scalp swing trade. AUD is getting stronger as I suggested so pay attention. EURAUD might drop
EUR/USD
4 hour https://fxmedia.s3.amazonaws.com/art...01-2017eu4.png
The EUR/USD continued to move lower and has now arrived at a bounce or break spot at the support (blue/green) levels. A break is needed before a wave 3 (green) continuation of the bearish trend becomes likely.
1 hour https://fxmedia.s3.amazonaws.com/art...01-2017eu1.png
The EUR/USD is most likely in a wave 4 (purple) correction where an ABC (blue) zigzag could occur.
GBP/USD
4 hour https://fxmedia.s3.amazonaws.com/art...01-2017gu4.png
The GBP/USD broke the resistance trend line (dotted red) and is building a larger retracement within a wave 4 (blue) correction. A wave 4 (blue) typically retraces back to the 23.6-38.2-50% Fibonacci levels.
1 hour https://fxmedia.s3.amazonaws.com/art...01-2017gu1.png
The GBP/USD broke above resistance (dotted red) and extended the ABC (grey) within wave Y (orange). Price is in a wave 4 (dark red) unless a break out occurs below the 61.88% Fibonacci level. A break above the resistance (red) could see price complete a wave 5 (dark red).
GBP/USD
4 hour https://fxmedia.s3.amazonaws.com/art...01-2017gu4.png
The GBP/USD expanded the wave 4 (blue) correction via a WXY (orange) and has now arrived at potential resistance spots at the Fibonacci levels.
1 hour https://fxmedia.s3.amazonaws.com/art...01-2017gu1.png
The GBP/USD however could build one more higher high if price completes a wave 4 (brown) correction on the lower 1 hour time frame. A break below the 61.8% Fib invalidates the wave 4 (brown) and makes it more likely that the zigzag (grey) was completed at the recent top.
GBP/USD Rallies 200 pips and Approaches 50% Fibonacci of Wave-4 http://www.admiralmarkets.com/analyt...acci-of-wave-4 - Your capital is at risk GBP/USD 4 hour {image} The GBP/USD expanded the wave 4 (blue) correction via a WXY (orange) and has now arrived at potential resistance spots at the Fibonacci levels. 1 hour {image} The GBP/USD however could build one more higher high if price completes a wave 4 (brown) correction on the lower 1 hour time frame. A break below the 61.8%...
Ignored
@Ocean Orca
I find no indicator Wave Analysis platform MotiWave
Where can I find it?
GBP/USD
4 hour https://fxmedia.s3.amazonaws.com/art...01-2017gu4.png
The GBP/USD broke the support trend line (dotted green) and thereby completed a 3 wave WXY (orange) correction within wave 4 (blue). A break of the bottom (blue line) could spark the continuation of the downtrend (waves 5) and a retest of the bigger bottoms from 2016 (green).
1 hour https://fxmedia.s3.amazonaws.com/art...01-2017gu1.png
The GBP/USD is displaying strong bearish momentum which is most likely a wave 3 (orange). Within that wave 3, price is most likely building 5 extended waves (grey/brown) but a break of the bottom (blue) remains critical. If the bottom does break, a mild wave 4 correction (dark red) would indicate that another bearish push is around the corner to complete wave 3 (orange).
