GBP/USD H1,H4 & Daily Update

On Daily chart we can see buying into 50 and 100 DMA cross.

Otherwise I'm still waiting for more upside action as impulsive wave 3 is on the way according to my chart.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1h4-daily-update.html

S&P500 Futures H1,H4, D1 & Weekly Update + TPI

Rationale:

I had changed an outlook for this wave 2: right now it fit both counts for bulls and bears.
Fot Bulls it is Contracting Leading Diagonal Wave1 (5-3-5-3-5) that have not been finished yet. More upside to come.
For Bears it is a clear pattern for Double Zig-Zag Wave 2, that also need one more push to the upside.

Entry:
First level to consider buying is 1407 (former resistance turned support) but I preffer test of 50%Fibo of both the swings  and 1400 round number poximity - so buy the dips into orange rectangle.
SL: below 1395 (below 61% Ret)
TP1: min: 1420
TP2: 1430

take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/s-futures-h1h4-d1-weekly-update-tpi.html

GBP/JPY H1,H4 & Daily Update + TPI

Rationale:
Break below 131.83 might be first sign that deeper pullback is comming ahead and this so far impulsive movement was just eztended wave (b) to the upside in form of a Zig-Zag.

Unclear situation.Stay aside until one of the highs is broken:
-new high means wave 3 is developing
-break below green line means deeper pullback below wave (a) (W) low is expexted

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1h4-daily-update-tpi.html

GBP/JPY H1,H4 & Daily Upsate

Impulsive wave 1 looks finished, possible retracement levels on charts.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1h4-daily-upsate.html

EUR/JPY H1,H4 & Daily Update

Last wave up is in five waves on M15 TF so we can ASSUME that impulsive bullish wave 1 is all done for now and it is correction time.

Possible levels for retracement are on chart. For of correction is unknown for the moment, preferably it would be some form of Zig-Zag.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurjpy-h1h4-daily-update.html

EUR/USD H1,H4 & Daily Update

Due to the reasons I have stated on Friday on one of the posts here, I can not label wave W as impulsive wave 1 due to wave 1-4 overlapse. So I have figured out some kind of complex corection is playing out. Only if we break through and close over 1.2900 level my count would fail.

On Daily chart Money Flow Index says no one is buying hard this bounce...
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-h1-h4-update_19.html