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** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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We currently have a 4h trend. The daily candles are closed below the daily 55 Ema. Price is below the 4h 200 Ema. The 34 and 55 Ema are below the 200 Ema and have crossed.
We now have a pullback into the zone of the 34 and 55. The 55 has now held against the 4 hour candle.
I have dropped down to the 30 min timeframe to look for a 5 and 12 Ema cross to confirm...
The current intermediate active momentum is bearish but the bullish impulse wave is active until trendline is broken to the downside. Harmonics are loosely forming and there is the begging of a wedge with a weak top at its first point. Bulls have been back in control since may 29th and currently need more confirmation before returning to major bearish momentum.
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The 4hr trend scanner currently looks bearish and has not given signal to intermediate upside yet. Indicators are showing signs of intermediate momentum bearish with short term momentum oversold and needing a minor bullish pullback. If we get the pullback I am expecting price action to respect the major wedge trendline and embed another head and shoulders. If we...
Hey traders,
today i show you something i've found this morning during my analysis.
There is a deep gartley formation completing at 1,0686s right at previous structure with the trend in our favor. I always like this kind of setup cause you could shoot for extended targets.
I will be more careful than usual with this pattern cause tonight important aud news are...
