after all the time on vacation i m bringing this Blog to life ,, with all the volatility in the markets lately i see very good chance of planning good results and profits out of this fast moving market.
currently i m watching very closely 4 charts ,,,
AUD /USD
CAD /JPY
S&P 500
Dollar index

Firstly the AUD / USD , after this fast move down ,, i m inspecting 2 possible scenarios for this pair but in order to find the more possible LONG term bullish or bearish scenario , i like to look at all this charts together ,, cause the most importante thing in this bussiness to pinpoint very carefully ur long term bias and then all the other side and short term plans will be based on that believe ,,
i ll pinpoint the possible to bias and i ll point to which one i m going for and why ?
the bearch count as shown in the chart shows that we r currently on the 4th wave correction with a coming 5th wave down in to 0.77 (50% ret. on daily for the hole move up)
the bullish wave shows we have finished the ABC correction after this big move down from a 5 waves up from last year lows
i m in to the bearish count which calls for another deep before a wild correction up
cause , what the other charts that i m gonna explain tells me ,
i m stalking a trade here on the AUD with a touch of one of this resistance on the chart with a stop loss at the displayed red line ,, i m gonna announce the short as soon as i get any confirmation on the wave up correction ending