Cable unfolded towards the downside as expected. Both targets were reached and exceeded by less than 7 pips. “Trend is your friend” proves to be of great value. Most traders forget the rest of that famous quote which states “Trend is your friend except at …
As expected the euro moved towards the upside, reached our confirmation point at 1.0929, and then continued its upwards rise. But even though the rally seems to have substance and is supported by momentum, and while it fits our big picture view, we’re still not …
Cable unfolded towards the downside as expected under the alternate count. Both targets were reached and exceeded by 29 pips. Evidence is compiling against the current corrective downtrend but nonetheless, we should always assume that the trend remains the same until proven otherwise as that …
Another repeat of the scenario that’s been taking place over the past few days: Price continued its somewhat sloppy decline, right as momentum kept slowly rising. While it’s now more likely that EURUSD has been forming an impulse (rather than a diagonal), we still think …
Cable unfolded towards the downside as expected reaching the first target and falling shy of the second target by 8 pips before reversing directions towards the upside. Today`s main count explores the upwards possibilities for Cable and it is worth mentioning that we will be …
Price continued its choppy and overlapping movement towards the downside, at the same time that momentum is slowly rising. This gives more weight to our view that an ending diagonal is unfolding (and nearing completion). The recent decline requires a few adjustments to our labeling, …
Cable unfolded in a tight range. Main count was confirmed and targets are yet to be reached. We are updating the main count according to the latest price action with short term targets and invalidation points. As well we are adding an alternate count which …
We expected price to move up slightly, but instead it kept declining a bit, although in a very choppy manner. Given the nature and extent of this recent movement, we have some strong indications that price is in very suitable conditions for a trend reversal. …
Cable unfolded towards the downside as expected and first confirmation point was reached and Cable is yet to reach the final confirmation point and targets. We are updating the main count according to the latest price action with short term targets and invalidation points. As …
Price dropped rather sharply for over 200 pips, invalidating once and for all our preferred count of an impulse towards the upside. This brings us to the second most likely count, which is that of a leading diagonal. We’re updating our counts to reflect the …
