FOREX PRO WEEKLY June 30- July 04, 2014

[minimax]

gbpusd

Lolly, possible that we made 5th and wave a top but would not be surprised if 5th will unfold as ED and we just topped 1ED, added: or just going up...if we go below 1,70058 then 5th&a is in place...I think due South in that case will not go lower than 1,6918..4th must be placed in the channel..

 

[minimax]

eurusd

Not forming expected retrace before rally makes me thinking we could go unpredictable higher
- currently we might be in 4th of wave c of ZZ wave z (T3)
- as an impulse and that we are in 4th of 3rd of 3rd of cF (most probable to me)
- just for a case i left Diverging ED..

 

[minimax]

gbpnzd

projected target of 5th is at 1,9580 but we got high already..pair offers aprox 1:6 RR..

 

[geehog]

Hi Sive

May I please ask with respect to drawing fib retracement from the "thrust" on GBP hourly, I notice you start the thrust at 1.70501 on the big marubosa like bar. But I am finding difficult to understand why you not start the thrust at the bar before this or any of the bars before this for that matter as they were all part of the main thrust? For example in your GOLD analysis you have a Fib "thrust" starting from the bar prior to a marubosa like bar.

As there is grey area to determing where "thrust" starts, could you please explain what your logic is to determine where thrust will start?

Thanks

 

[Lolly Tripathy]

Audusd

 

[cercamon]

Hi Lolly, I've seen a nice butterfly on 4H AUD/USD chart. Anyone trading this reversal pattern?

 

[Lolly Tripathy]

Hello Cercamon..
see the big butterfly on daily time frame..
along with ab=cd

 

[minimax]

Hello Cercamon..
see the big butterfly on daily time frame..
along with ab=cd
View attachment 15514

hehe, Lolly made mistake with TF in first picture, we all have been watching same pattern..

I follow development of 5 waves cF = 4 on Monthly and looking at current shape, and if NFP does not push price into new heights, I would expect Diverging ED with 4 above 0,92077 or D3 (ZZ-Fcorr- and 3rd either ZZ or F) just below...
big cF = aF is 0,95692 and in same zone inner Bat has D..

Good trading!

 

[minimax]

gbpusd

about last leg up from 201307 @1,4812 I think it is impulsive (Monthly has no swings) but as ED and most probable cF BUT later could turn into 1ED on Monthly (???)...so far I think PA has a goal to make big ABCD @1,7342 where AB=CD agrees with 50% from very top 2,1160 to very low @1,3500..symetry is nice so far...I decided for such count, as Sive, and I think could be right one..on H4 I think we should go higher, after smaller retrace, or simply going higher in 5th of wave a and retracement follows later..I think 3ED is currently too short to hit target, that is why I expect more up before going into 4ED...

 

[minimax]

gbpusd

so, we just hit 262 expansion @1,7173 as last projected lenght of 5th..rertace would be appreciated...but not lower than 1,7 and into c of 3ED which might exceed lenght of 1ED @1,7228 so 5th will have no limits to up side..4th must come into 1st, below 1,7 and stay in channel..