Hello everyone,
It's been quite some time since my last post, and I thank all of you that were digging this blog all this months making it being of some use.
I just sent email, that I'm republishing here, to my dear friend Joseph and I thought you should know too that in my opinion we are sitting on a critical juncture...
Any way, it was Joseph who draw attention to this juncture early at the begining of the year.
Here is the message:
Hi Joseph,
I just updated my data and opened my charts to see what was happening while I was gone. I'll need some time to get back into the zone.
First, just a short on EUR and once again my feeling is that it is impossible to see EURUSD going above 1.3
So, the recent top could be it, and we could be in a wave c down of a larger degree (intermediate). That could be a hell of a ride down.
1.15 min. but way down to 1.11<>1.09 if not lower.On a smaller time frame, we could be in a Minor wave A down of the larger c down, with first smaller wave A of that minor A finished with this last drop. This recent move up is to give more answers but I can see it's target around 1.2700/50 being a nice shorting opportunity. Of course it could retest the top above that. I'm not very found to EUR this days.
But on the other hand, you know my favorite is JPY so I am putting a little extra effort into it. This recent move up on an hourly is to finish 115.70/116.10 to finish first wave up of a continuation up in wave y of larger wave a to 128<>145 probably 128.7/134/140.9/143.65 by the end of the year. It would finish that first wave a of a larger wave (y) up to 144/170/190/210 to finish in the next 3 years. So, the next small correction down would provide excellent risk to reward opportunity to buy USDJPY, around 113.4/113 for those that missed the opportunity to enter lower.
AUDUSD down to .68<>.66; NZD .5860<>.5260 (a slight chance that it could go up to .64/.66 (.6530) first); SGD not clear with this one but it is right in the box (both by time and price) for a finished larger correction and possible continuation up or at least a second leg up to around 1.8<>1.9 but you should know better on this one :)
Buying the next dips in most of the USDxxx pairs for a nice ride up could be a good advice. :) (opposite in xxxUSD pairs of course)
Of course it does not apply to CAD and you know my view on it :)
I will need some time to recover and to see if I will be able to keep posting at some decent pace.
Once again, thanks to all of you.
Take care,
ID
