FOREX PRO WEEKLY July 14-18, 2014

[minimax]

usdjpy

I did not give up on DZZ 3ED, yet!
I bit higher tha expected...opened short 2 fast and closed long, too...move is a bit suspicious, maybe we get one more high to hit 62 retrace?

 

[minimax]

eurusd update

so, we could be in PRZ but I think 1,3520 will be hit before retrace up all the way to 1,3575..clean and strong break of 1,3520 could lead into new LL in zone 1,3490/70..

 

[minimax]

Euro Daily insight

Hehe, looks like this 1,3520 is The most important level...

Timing is the key, I think...
I expect some more sideways and break below 1,3520...I am bearish but here are 2 bullish options:
- T3, blue, has target of wave xx below 1,3511 and not neccessary lower, BUT, in this case we should go above 1,36995 until end of this week in ZZ wave..
- Flat (or maybe TZZ which is less probable considering weekly), pink...here we could already bottomed wave bF but I think we did not so I expect some sideways and swing high on Daily, not extremely high one, and short 5th with W&R below 1,3511...here is no hurry and we can go up slowly...but in such case we still could get fast move up above 1,36995 until end of week, added: if below 1,3511 happens in next few hours...

But what could happen to get so fast move in just 2 days? Checking calendar I found nothing..I loaded off but not bought yet...

Good trading!

 

[minimax]

Cable Daily insight

I said I thought we would spend 2 weeks in this corrective 4ED, as per my count...

..here is how I expect to develop with daily swings..




..and here intraday..

 

[minimax]

Gold Daily insight

I think this could come out as Flat so PRZ to watch 1300/1298..



ps
apologize, this is H1 chart not H4 as named...looks like Philly index will dissapoint..

 

[minimax]

eurusd update

well, now might become interesting...

 

[minimax]

gold update

..gold could already start move up but could W&R low too...



ps
I like W&R more...

 

[jerry4all]

well, now might become interesting...


View attachment 15815

Please could you explain...Your image looks like H&S but, if I understand your wave pattern(as I'm trying real hard to learn it), it point to a move up in Waiting....

 

[minimax]

Please could you explain...Your image looks like H&S but, if I understand your wave pattern(as I'm trying real hard to learn it), it point to a move up in Waiting....

yes, I expect up after establishing the right low swing...

move down from 1,37 could be ZZ and might be part of something bigger, like 3ED due South..hardly could be Flat... move down with low 1,3588 could be 1 or a...correction is ok..and now I see an impulse down, so we will bottom 3 or c and c could be 1ED..

most important is where turning point will be, above or below 1,35018, then move up will be more predictable..

I can not claim anything but expect more sideways, could be nice moves but it is too early to say..

..price just go below last LL and I expect motive wave due South but can not say if an impulse or ED..but could go also higher and this would be Flat 4th but not likely..

we will see..



ps:
ED in picture could or not be in play, we could just bottom 1ED, will be clearer a bit later..

ps2
next LL I intend to buy..

 

[minimax]

gold update

Nice and believe not over..we can go higher in an impulse, correction in 4th and into 5th on M30, or price starts down&ups, waves not seen on H4..PRZ is 1325, 62% retrace and 162 cF=aF confluence/agreement..