With the Euro gaining steam and the New Zealand weak, there is a very good long trade opportunity for this pair.
After completing a 5 wave structure to the upside, the market began to correct. Entry should be around 1.77850
This is about 61% below the A wave from the B wave on the corrective structure, and about 23% below the 4th wave from the 5th wave on the...
After a 3 wave impulsive structure (on the 4hr) downwards starting from 200.570, the market has corrected in a seemingly easy to read corrective structure for another impulsive move down, This move down has the potential to be massive 500pips at least.
TP #1 190.475 (23% below the B wave)
TP #2 188.910 (61% below the B wave)
TP#3 186.400 ( would complete the...
Looking for Shiba to drop to 0.00001645 at least, possibly down to 0.00001406 Based off market structure and volume. Once it hits that level, look to go long for sharp and violent impulsive wave to the upside.
Long opportunity GBPAUD. When price hits 1.88802 which is 61% past no most recent support level and 66% of the bullish impulse that started at 1.86000. Price should go to at least 1.90414 for a 200+ pip move.
Because of the low volume i expect bitcoin to hit about 67000 and drop, which is about 23% above the most recent 8000 drop that started at 64700.
From there several possibilities. It retraces down to between 59000-61000 and takes off upwards. Or it hits that price range (59000-61000) makes a small correction up for another move down, to break 54000...
After retracing about 61% from the most recent down wave that started at 79 to about 23. The market has become slightly exhausted after its reversal upward. A small retracement has starterd but volume and market structure does not appear to support a move down. 38 dollars is the buy zone
