usd cad went down ... not too bad i lost 2% by the stop loss it's probably going to 61.8 retracement. will buy again there

Elliot Wave Analysis

yes that is my view as well.

Elliot Wave Analysis

well payroll came out very negative although there is mix reactions from buyers and sellers. looks confused so far. dollar has not been affected much it's actually making a pin bar.

Elliot Wave Analysis

Mav, I am already in a lot of buys on usdcad. i will check in the next 2 hours as to where this pair is heading (just before nfp) and will take actions accordingly. might close some which are in profit and take some losses as well. but will keep a ...

Elliot Wave Analysis

It's nfp day, the most important economic news, so anything can happen. i am bearish on eur/usd, gbp/usd,aud/usd, nzd/usd and oil. bullish on usd/cad, usd/jpy and usd/chf. Important juncture at all these pairs technically. usd index technically has ...

Elliot Wave Analysis

usdcad daily count and initial targets ( my honest view)

Elliot Wave Analysis

yes wave iv cannot enter wave 1 territory. besides if you check my second chart on nzd/usd, the price has stopped currently at 38.2 expansion down. i am expecting more down. to 61.8 before nfp.

Elliot Wave Analysis

Congrats Mav. good on ya. financial freedom is just around the corner !

Elliot Wave Analysis

I am also surprised that you asked about this pair coz in your ccfp indicator, you don't see this pair on monthly,weekly or daily. I use ferrufx's indicator to find the pairs that i need to put the count on based on it's strength and weakness. I ...

Elliot Wave Analysis

Hi grandaevus, According to me, because of the strength of nzd in the recent past, i am not trading this pair, but since you asked, this is my opinion: Many experts say that usd needs one more down to complete a major wave down. I am not too sure as ...

Elliot Wave Analysis

there will be a pull back in GU . One reason is that average daily range for the day is over. expecting it might go to 1.4024

Elliot Wave Analysis

yes safe target is Fe 100. I am sorry about the fib fan. i don't use it and am not sure how to use it as well. Actually never felt the need as i use fib retracement tool to calculate pull backs. R u a full time trader? i always find you in FF.

Elliot Wave Analysis

on a shorter time frame this is my chart...

Elliot Wave Analysis

You are using fib retracement tool. This tool is usually used to find retracement targets. you should be using fib expansion tool. On a longer time frame of GU this is my chart.

Elliot Wave Analysis

usd index also might pause for a while and comedown for an a-b-c else it might continue to FE 100.

Elliot Wave Analysis

usdcad. very short term Good upmove on usdcad and a downmove on oil. usdcad fe100 is 1.2821 where you should take some profit and let the balance run. average daily range high for this pair is 1.2836.

Elliot Wave Analysis

eurusd expecting a pause here. coz that's the 38.2 of the 5th wave. this stop is also a 61.8 of the major wave down. may continue down to 61.8 momentum is strong....

Elliot Wave Analysis

Iam not at home so cant post a chart. But yes it looks like a flag for more selling. Draw an equilateral channel and when it breaks below the channel on 1 hour, sell.

Elliot Wave Analysis

Iam not going give you any trade advise buddy because its your money at stake. Here what I give is what I do with my account and my opinion is buy usdcad. Iam upto my brim on buying this pair. My last chart has an invalidation line for my buys. If ...

Elliot Wave Analysis

direction is the same but a revised count. the retracement for an abc seems not over yet.

Elliot Wave Analysis