USDJPY, almost there

Hi Traders,

I'm running 2 free webinars and a free seminar each month in Sydney.

October:

• Monday 14 October - free Webinar (8-9pm, Sydney time)
• Monday 28 October - free Webinar (8-9pm, Sydney time)
• Thursday 31 October - free SEMINAR (7-9pm, Sydney time)

All this graciously organised by the mighty City Index.

This is an unmissable chance to get a true insight of my Elliott Wave Trading. Hence, don't miss it!

This will be followed by a 2-days-long Elliott Wave BOOTCAMP in early November! 

If you want to be part of it call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message.

I'll come up with more details soon.

Finally, Sydney Traders will get together on Tuesday Oct 8th for a mini-seminar + a drink at the local. (check here)

...

USDJPY, almost there

USDJPY, now at 97.88, might complete the downtrend soon by reaching the final target at 97.43 and possibly the area 97.049-96.820 (4-hour chart). Then the uptrend should resume to take it to 105 and 112.

TARGETS

likely: 97.43
possibly: area 97.049-96.820
then uptrend


ELLIOTT WAVES

The daily chart displays a nice a-b-c followed by waves 1. Wave 2 (downwards) might finish soon.

NOTE

The present downtrend might stop at 97.66 or even 97.48 (1-hour chart). In doing so it would stage a double bottom and start the uptrend much earlier. Hence check the wave oscillator in the 1-hour chart before taking any position.





monthly chart - click to enlarge 

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over 4-hour chart - click to enlarge

1-hour chart - click to enlarge

wave oscillator over 1-hour chart - click to enlarge

AUDUSD, keeps going

Hi Traders,

The AUDUSD, now on the resistance at 0.9333 started a rally that should take it to 0.9511-0.9529 and possibly to 0.9691-0.9716.


TARGETS

likely: area 0.9511-0.9529
possibly: area 0.9691-0.9716
maybe: area 0.9915-0.9962

ELLIOTT WAVES

The monthly & weekly chart display an a-b-c-d-e which should be followed by a new rally with a two-step pattern.

The 1-hour chart displays the 5 ways down followed by a double bottom, indication of possible jump.

ENTRY POINT

Check the wave oscillator in the 1-hour chart before taking your position. The 2 black lines must get together or cross. That would be your entry signal. Meaning: there might be a little retracement, so don't get in straight away.



monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over 4-hour chart - click to enlarge

1-hour chart - click to enlarge

wave oscillator over 1-hour chart - click to enlarge