Stable profit - my friend

EURUSD (H4)
The first option - it is the completion of wave motion and the formation of waves 4-5. In this case, the objective is achieved 1.09710
The second option - a way out of the triangular correction. Now the price stops at the lower limit price growth is possible. The increase to the level of 61.8 (1.11200)


My last orders. For EURUSD i closed a little loss but in all i got a profit +41824.40USD (with commissions) Also, there are investments +16150 USD


Forecast on EUR USD. It continues to move in the triangle, as I had predicted. Now possible sample correction upwards, thus, the formation of Elliott wave at Fibonacci levels, or decline to the level of 100 and a break-down triangle.

H4


The forecast on USDJPY continues accomplished on the scenario that I have pointed out earlier. The formation of Elliott waves. Now I look forward to building a wave 5. At the same time, there was a likelihood of breakdown of the channel, in this case, growth is possible up to the level of 111,488

D1


My order on Friday.
Today, I will trade the EUR / USD and USD / JPY. Later I will show result.


My results at beginning of this week. I’m pleased.
trades: +$39 737.88 investments: +$20 300.00


Consider the position of the U / J. We can see the continuation of the scenario that I described last time. It is likely that further price reductions will follow in the downward trend. Now the price has reached the upper limit of the trend and testing the levels of resistance. If you look at a smaller timeframe, we can see that the formation of a wave №5 completed, just complete the correctional wave A and B . Expected to decline in the correction C
You can not exclude the possibility of breakdown of the trend and achieve a level of 111,488. In this case, will form the rest of the wave: 2-3-4-5.

H4 and D1


As for EUR / USD. We can see that the formation of a triangle, and its breakdown led to the construction of a rectangular correction between levels 50 and 100 Fib.
At the same time, it formed a downward trend in the framework of this correction.
Next we can expect a movement according to the trend and a further decline to the lower support 1.09124 and if the rectangle will be formed on the level above 1.09124 (1.09600), it is expected to rise to the top side of the rectangle 1.11688 in the short term.

H4


My last results.


According EurUSd forecast remains the same as the one that I made 29/07. Now the price on the upstream channel and possibly its extension to 38.2. But at the same time, now the price is at the top of the rectangle, which I drew earlier. Therefore, it is now met with resistance and probably fall under the wave theory.

H4, H1, H1


USD / JPY continues to go according to my prediction. Price reduction according to the trend, completing wave 5. Thus, on the way to support that price can not bridge. Thus, it is likely that this support 100,631, will be the turning point for further growth. If this level is overcome, the decline will continue until it touches the bottom border of the trend.

D1


E/U. Perhaps the formation of continuation of wave motion and further growth within the wave 5. After that - the correction will be formed, rebound from 38.2. uptrend forming now, so the long-term growth is more likely.
If the level is 50, will not be broken in the near future, it will form a small downward movement as testing the lower boundary of the uptrend.

H4


U/J. Probably decrease according to the trend, if the support level is broken (100.631)
At the same time, the price is in the middle of the trend line on the D1.
If the level (100,631) is not broken, the price will probably continue to move between 100,631 and 102,338. This means that after touching 100,631 next target would be 102,338. After the correction is expected to continue reduction according to the trend.

H4


My forecast for the pair EUR / USD.
I see movement in the downward trend, thus, there was penetration of older uptrend. Now expected to fall to the level of 50 fib. I do not rule out the likelihood of a return to a level of 38.2 and testing
The longer term - is the formation of the second shoulder, the continuation of the figure’s head and shoulders.
It is also possible breakdown of the 61.8 level right up to the level of 1.09625. Care must be taken when trading near levels 50 and 61.8

H4,H1,H4


Forecast USD / JPY.
If continue the movement according to the downtrend, then we can talk about selling. If the channel is broken we can expect growth to levels 104,018 and 107,402.
In the short term, the formation of a wave 5 and to rise to 104,018.

D1,H4


I like your style Denforex. Ill be watching your analysis in future.
And…I agree with your UJ outlook.