NICE LOOKING WOLFE HERE BEEN WAITING FOR A NICE MOVE UP ON THIS PAIR FOR SOME TIME AND MISSED A VERY GOOD ENTRY ON THIS WOLFE
IM EXPECTING THIS WAVE TO REACH TOP OF STRUCTURE MAYBE LOOKING TO ENTER ON A DECENT PULLBACK OR BREAK OF RESISTANCE LOWER TIMEFRAMES BEST ON THIS PAIR AS YOU DON'T WANT A BIG STOP MY LONG ...
LGCY COULD HAVE DOUBLE BOTTOMED HERE
WILL BE WATCHING FOR ANOTHER LONG NEXT WEEK WITH HIGH VOLUME INTEREST ON THE BULLISH WOLFE PLUS POSITIVE EARNINGS AND DIVERGENCE ALSO MOST ANALYSTS HAVE LISTED AS A STRONG BUY
This analysis would be valid only if the USDCAD goes to a new high! If it doesn't then the downside move has already started (depending on our Wolfe Wave analysis) and we recommend to start shorting the pair with the provided stop loss price level.
If the last highs to the left wont hold, price will meet the centerline.
From there, a reversal is very possible.
Interestingly the neon-blue ray points to the CL too (kinda Wolfe-Wave thing).
Hunting for a long.
Short USDJPY at Market all the way to 106.5 with a STOP @ 107.5
Target is around 100.5 or even 99... if 99 cannot be saved then you will see 96 in long term.
Estimated time of completion is 1-3 months.. could be very quick trade and within a week as well
I see multiple bearish waves forming in the various time frames. The easiest and smallest one is for 100-150 pips and can take the pair back to 103.25-103.15 levels. The next wave upon breach of 103 level can take us down to 102.75 and below that we may see 101.35 again
This is an update of the previous NZDUSD idea I published. I just added Wolfe Waves. Check out the previous one below:
ANYTHING CAN HAPPEN!
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