On May 18th $EURGBP broke the 04/26 low (0.77316) ,calling for further extension lower toward : 0.7564-0.74728 zone where it was expected to complete wave ((4)) daily pull back. A few days after, inflection area had been reached and buyers showed up immediately, making bottom at 0.7563. So far $EURGBP has made gain of  10.76% […]

This is a quick update on AUDCAD pair that we have been tracking since the end of May. (Watch previous videos here and here) Pair has already retraced 50% Fibonacci retracement (0.9747) of wave (W) and has enough number of swings in place to call wave (X) completed at 0.9757. We like staying short from 50 […]

On Thursday night, as results for Brexit Referendum vote started coming in and “LEAVE” camp started gaining lead over “REMAIN” camp, GBPUSD started dropping and it was already trading below 2/29/2016 low even before the final result was out. In this video, we explain what caused GBPUSD to drop from just above 1.50 handle to […]

The pair spiked higher and now is showing a complete 7 swing sequence from 4/1 low. It has since pulled back again and still stay below the broken trend channel from June 2014 low. As far as pair stays below 1/27 peak at 4.158, pair can resume lower. For more trading ideas and education, feel free to […]

Here is a short capture from the Plus Daily Technical Video from 03/30 , where EWF Technical analyst Hendra Lao explained the Elliott Wave count of $AAPL. Back then, Apple took the previous high from 03/22 date, suggesting further extension in the cycle from the 01/28 low. The price was expected to reach 111.64-114.34 technical […]

Back in May, we had a look at AUDCAD pair and presented the preferred Elliott wave structure in the pair in daily and weekly time frames. At the time, we said pair is close to a bounce which will offer a selling opportunity for the next leg lower to complete the sequence to the downside. […]