ElliottFxTrader's Blog (5)

Technical analysis of EUR/JPY for January 26, 2015

General overview for 22/01/2015 09:50 CET
Due to the breakout of level of 134.62 the main scenario has been invalidated and the alternative one is in play right now. There are two Elliott wave scenarios (main and alternative) available on weekly time frame charts: 

-Main Scenario - Indicates a top for big wave 1 blue at the level of 145.72 and then complex corrective structure in wave A blue, then irregular flat corrective…
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Added by ElliottFxTrader on January 25, 2015 at 8:30am — 1 Comment

EURUSD post NFP Elliott Wave analysis

General overview for 08/12/2014 11:50 CET

This pair keeps making fresh lows and it is quite possible that the level of 1.2167 will be the first target for the week but the pressure to the upside is increasing. Currently it is quite hard to count on the waves as there are many labeling possible including an Ending Diagonal on higher time frames. There are three zones indicated on H1 chart and only a breakout above of any…

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Added by ElliottFxTrader on December 8, 2014 at 11:36am — 1 Comment

Technical analysis of EUR/JPY for December 4, 2014


General Overview for 04/12/2014 09:50 CET 

The count has been flipped around as the main count now is indicating more impulsive wave developing to the upward direction (waves (i)-(ii), I-II), and alternative count is still pointing out a more complex and time-consuming corrective WXY brown (alt.2 red) cycle targeting the level of 1.4478 - 144.54. The change was made due to an inability of the price to break out…
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Added by ElliottFxTrader on December 4, 2014 at 9:19am — No Comments

Crude Oil Weekly Elliott Wave Analysis

General overview for 28/11/2014

The impulsive wave progression to the downside triggered by the lack of a decision on OPEC meeting is still in progress as the wave 3 is getting extended to the downside. Please notice that from a bigger point of view on this Weekly chart, there is missing wave 5 to the downside to complete the Irregular Flat corrective cycle in big wave X. The One-to-One market geometry, marked in red rectangle on chart, and the demand zone between levels of 67.06 -…

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Added by ElliottFxTrader on December 2, 2014 at 10:30am — No Comments

EUR/USD H1 Update

This has been posted on one of my VIP Service blogs couple a days ago.

Charts speaks for themselves.

PS: More on my blog: http://elliottfxtrader.blogspot.com/…

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Added by ElliottFxTrader on March 14, 2013 at 7:24pm — No Comments

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