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A week back I promised to our members that I will make 50 push-ups if NZDUSD will see a 50 pip bounce. Guess what, pair moved straight up afterwards and for now it seems it may gain even more strength based on the Elliott Wave Structure.
Enjoy the video,

GH

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Two weeks back we shared our view on bitcoin cash and highlighted bullish pattern that was pointing higher back at the time.

Here is now video update.

GH

   

 

 

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Hello traders!

Today we are going to share with you our analysis on the USD index, and its daily time frame.

USD Index is in a bullish impulse up from 2018 lows; now with final wave 5) in play. Wave 5) that is unfolding out of a triangle correction can be an EW ending diagonal, a powerful reversal pattern that can once fully developed push price into a sharp three-wave reversal. Accompanying current EW ending diagonal are two Fibonacci ratios 38.2 and 200.0, which can react as resistance for the index.
A later drop in impulsive fashion, and below the lower Elliott wave channel line connected from 2018 lows would be a signal for a top in place, and more weakness to follow.

Trade well!

USD index, Daily

 

 

 

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Hello traders!

Today we are going to share with you our analysis on the 10 Year US Notes, and its daily time frame.

10 Year US notes have turned bullish in 2018 and made clear five waves up from that October low. We know that five wave structure represents a strong trend, so that’s the direction in which we want to track the market. However, nothing moves in straight lines, there are always pullbacks; like five steps forward three steps back. So this trend may resume once we will see an (A)-(B)-(C) retracement which will ideally happen from the area of a former wave four. Notice that this is still far away so for now, more weakness may occur before bulls go back in control.

Trade well!

10 Year US Notes, Daily

 

 

 

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Hello traders!
We have decided to share with you our analysis on EURAUD as we think that there is a clear pattern that may send prices lower in weeks ahead.

Looking at the daily chart , we have seen a huge spike up to 1.6550 level at the beginning of 2019, which we think was the top of wave 5/C, especially due to the decline that followed later and which can be already as part of a bearish reversal since it unfolded impulsively.
Following that fall from the highs, we can see that EURAUD was more or less sideways as seen on the 4h chart, which looks like a correction based on price structure and personality. That said, we believe that EURAUD can be trading in a flat correction since we have seen a three-wave rally in wave A) and then a complex corrective decline into a new low for wave B). So, current recovery must be part of wave C), which should be made by five waves that can be either an impulse or maybe even a slow overlapped wave structure for an ending diagonal (wedge pattern).
If we are on the right path then EURAUD is still underway back above previous wave A) swing high towards ideal 50%-61,8% Fibonacci retracement and 1.6150-1.6250 resistance area where bulls may start slowing down. We would be willing to look for possible short opportunities once we will be able to recognize the end of wave C. For now, we think it’s too early.

Trade well!

EURAUD, Daily + 4H