3400 Pip #EURCAD Target

١٥ أكتوبر ٢٠١٦

I believe the EURCAD is starting a wave 3 of C down with a target of 1.100 on the weekly chart. The invalidation point is the top of wave 2 at 1.4885

٣٠ أكتوبر ٢٠١٦

ملاحظة

With the latest move up the pair could be in a wave ii of a nested 1,2 - i,ii of the red 3.

An alternate count would be that this move is wave C up of the red 2. The move up from 1.42641 does look impulsive so would not rule it out until the 1.42641 low is broken.

٣٠ أكتوبر ٢٠١٦

ملاحظة

This move up does not look as impulsive as I thought looking at the 4 hr chart. It could still be playing out in a leading diagonal. Another thought is the pair could be doing a WXY rather than ABC so the move up from 1.42641 would not have to be impulsive.

I am just going to watch it play out, if it gets to 1.5200 to 1.5400 I will add to my short. If it breaks 1.42641 I will add to my shorts...

٢ نوفمبر ٢٠١٦

ملاحظة

We are getting close to taking out the nested 1-2 options here. Was hoping for a shallow red wave 2 but looks like the normal 50 to 61.8 retrace will happen.

٣ نوفمبر ٢٠١٦

ملاحظة

One more high and this leg should be complete with divergence. I think the round number of 1.500 should hold thing down. The RSI should have some nice Divergence by then so I will be looking to short the 1.500.

The first target down on the short would be the 1.4600 area and I will see what the move down looks like at that point. There is always the chance that c of 2 completes at the 1.500. This is also the area of the previous wave 4.

١٦ نوفمبر ٢٠١٦

ملاحظة

Starting to make some progress on that red wave 3..still looking for 1.100 down.

١٦ نوفمبر ٢٠١٦

ملاحظة

Here is a look at a possible 1 hr count. The top count is showing wave {I} still in progress with red waves 4 and 5 to go. the ALT is a nested 1*2 with {II} possibly in progress.

If the RSI holds with the triangle lines then I would expect a nice bounce following a new low with divergence. If it breaks the down trend line but holds the 60 then I would expect a strong move down in a wave iii of 3.

٢٧ نوفمبر ٢٠١٦

ملاحظة

The bounce off of the 1.4181 looks to be another 2nd wave. The next move down will be a 3 of III and should be strong.