FOREX PRO WEEKLY June 23-27, 2014

[minimax]

gbpusd

Huh!! Had to hurry!

Here I think 1,70494 is the most important, might be also 1,7031...depends which peak is x of DZZ...whatever, I expect some kind of motive wave down now...BUT if this sideways goes into next week I will consider current HH 1,70494 as c=3ED..and not as 5=a (added: 5 = III)..

 

[netbusinessman]

hi Sive Morten sir, is i draw right butterfly on NZD/CHF Daily chart or because its beak many time B point that’s why this is not butterfly, we just can use its extension for trading purpose … thanks

 

[minimax]

gold

Agree with Sive...when last low of this down formation will be taken we might go into 1293/1290 zone...I see this formation as potential DZZ, first ZZ hidden as w...pullback above 1317,66 before establishing new low would/could form D point of nice butterfly with all possible confluences and agreements at 1293/1290...touching 1284,77 changes impulsive count...



ps
in last post about gold I did not have this same low....got it today, hehe..FXCM...

 

[minimax]

hi Sive Morten sir, is i draw right butterfly on NZD/CHF Daily chart or because its beak many time B point that’s why this is not butterfly, we just can use its extension for trading purpose … thanks

View attachment 15422

hey, net!

You found something very attractive with enormous potential! Butterfly which forms D of Gartley sell!

 

[minimax]

audusd

I expected an impulse but now I like ED...

 

[minimax]

gbpnzd

i expect one more drop...Kiwi was stronger than I expected...

 

[minimax]

audchf

this goes nicely with whole Aussie idea...hesitation in 0,8320 zone could trigger 5th and hiting targets above 0,8520..if drop continues and price comes out of channel then 0,81732 is first normal target...

 

[Lolly Tripathy]

HI sive sir & dear minimax
Take a look
not sufficient candle but still looks good to me

 

[minimax]

HI sive sir & dear minimax
Take a look
not sufficient candle but still looks good to me
View attachment 15435

Lolly,

here is BIG dilemma, similar with gbpusd...going higher would be top of wave a above 1ED and then should make DZZ for 3ED, and specialy Kiwi is to upside limited.. I expect Kiwi will pull back and form low of b wave, very probable seen on Daily...where i can not say, have no points, depends also how it will behave here up, how long will stay in small range...atm it should go below 0,8660 but on Monday, if stays on top 2 days, 0,8726 will be enough...
these are my prices of daily candles, yours might be slightly different..

ps
I am short but cautious exactly because I do not expect deeper retrace before next week, IF we stay below 1ED, of course

 

[Sive Morten]

hi Sive Morten sir, is i draw right butterfly on NZD/CHF Daily chart or because its beak many time B point that’s why this is not butterfly, we just can use its extension for trading purpose … thanks

View attachment 15422

Hi Net. Yes, excellent butterfly.

hey, net!

You found something very attractive with enormous potential! Butterfly which forms D of Gartley sell!

View attachment 15425

Well done, Minimax! Nicely looking puzzle. Interesting, will it work.

HI sive sir & dear minimax
Take a look
not sufficient candle but still looks good to me
View attachment 15435

Hi Lolly,
Hardly it will be DRPO - poor thrust and too much difference between tops. BTW, you can find our most recent NZD weekly research. The point is it has upside target on monthly chart from all-time AB=CD pattern and it stands very close to it. That's why, it is probably unsafe to deal with short positions on NZD by far.