On this pair we continue to wait for the price action to show us that it has completed its correction and is ready to turn bullish again. It might find support on the lower bound of the corrective channel as …
Not too much to add to my last update. We have seen a move down with quite some momentum, however it follows our expectations of an ending diagonal so far, working on the last leg (5). If this interpretation is …
We are waiting for the Stochastic signal to look for long opportunities in this pair. In the smaller timeframes it has given some signals, however I am looking at the daily to prevent false signals. The stochastic on the daily …
Looking at the intraday chart, it seems that price action is following our expectation of another high. The price action has reached the 50% retracement almost to the pip and from there shown a impulsive move up, where I can …
There are many ways I can label the current corrective move in the Intraday chart, so for now I moved to the daily. We can see that the current correction has not reached the 38% level yet, so it is …
The price action has made another high and we moved our (4) to the left. At this point, there is no proof that the correction has finished and the turn to resume the trend down is there. I added a …
As already indicated by Prof. Aldo yesterday in the update, the move up from the previous low did not look very convincing and the retracement that followed was very deep. Today the pair showed its hand by breaking the critical …
I have many ways I could label this pair, but no real preferred one. I have added one variation of my counts that sees the wave ((Y)) as a ending diagonal, however my confidence in this count is not that …
The pair is following our expectations so far, and the correction has almost reached the 62% level so (C) might already be in place. Stochastic is already moving into oversold area on the daily. We might be able to turn …
As mentioned yesterday, we got the signal on the 4-9-18 but personally I am not yet ready to change to the alternative red labeling. The 30 SMA is starting to turn and today prices are trading below it for the …