US Dollar Shows Mixed Signals and Whipsaws

3 min read
Christopher Svorcik

Christopher Svorcik

Forex broker

EUR/USD

4 hour

10-06-2015eu4
The EUR/USD is still marked as a 12345 (green) but will be changed into an ABC wave count if price breaks below the support (green).

1 hour

10-06-2015eu1
Price is in a contracting triangle with a clear resistance (red) and support (green).

GBP/USD

4 hour

10-06-2015gu4
The GBP/USD remains into between support (support) and resistance (red), which are indicators whether price will correct higher for a wave C (blue) or expand the wave X (grey) lower.

1 hour

10-06-2015gu1
The current wave structure is vulnerable to change as the overall price movement remains corrective. The trend lines indicate a potential for a bear flag. Price should at least break above the resistance (red) to confirm the potential for a wave 1-2 to emerge.

USD/JPY

4 hour

10-06-2015uj4
The USD/JPY bounced again at the support level (green) and, despite the break out of the uptrend channel, would require a break below the support before a bigger correction or reversal can take place.

1 hour

10-06-2015uj1
The purple line is the bottom of the wave A (orange). A break above it would invalidate an alternative 12345 wave count most likely.

Twitter: @elitecurrensea

PLEASE NOTE: THE UPDATE IS POSTED WITH PERMISSION FROM WWW.ADMIRALMARKETS.COM
read the original article on AdmiralMarkets.com

Thank you

Fibonacci Trading Strategy & Tools

Learn to apply Fibonacci rules and tools in your trading routine.

* free Fibonacci Handout

* actionable trading strategy & faq’s

* precise trading examples 

Free Forex & CFD Range Bar Trading System

In this trading system you will find: 

✅  range bar strategy pdf

MACD Alert

✅  Range Bar EA & Indicators

ecs.heiken-ashi-system & two indicators for trend-following

Two of our favorite indicators for trend-trading. 

✅  ecs.camarilla & ecs.heiken-ashi indicators

✅  actionable trading system & faq’s

✅  precise trading examples 

ecs.camarilla🎯🎯🎯 – versatile strategy & indicator

Nenad teaches how to apply his favorite camarilla indicator

✅  free ecs.camarilla indicator

✅  actionable trading strategy & faq’s

✅  precise trading examples 

ecs.SWAT🎯🎯🎯 – Wave Analysis Trading at It’s Best

Chris goes an extra mile to provide the most comprehensive
wave analysis trading method on the market.

✅  8 hours of video materials via 25 lessons

✅  lifetime access to SWAT indicators & tools

✅  free month of live trading

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀  

Fibonacci Sequence Trading🎯🎯🎯: Wizz Tool & Strategy

Wizz allows traders to know when and where price is expected to accelerate
and show strong momentum.

✅  Fibonacci Sequence Scripts – Wizz*

✅  Handout Strategy

✅  Tips & Trading Wisdom

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀  

ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
mix of practical education and actionable trading tools right now.

✅  Fibonacci Sequence Scripts – Wizz*

✅  HA and Fibs Indicators & Handouts

✅  Money Management Tips & more…

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀  

Subscribe to our mailing list

* indicates required


Subscribe to our mailing list

* indicates required


ecs.START🎯🎯🎯: Tools, Indicators & Handouts

Our most popular trading tools and wisdom are FREE now. Join and receive a
mix of practical education and actionable trading tools right now.

✅  Fibonacci Sequence Scripts – Wizz*

✅  HA and Fibs Indicators & Handouts

✅  Money Management Tips & more…

*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀