NZDUSD reached the top of trendline completing the Wave Pattern.. Now it can either go and test the bottom of the channel again or break down below the channel to make new lows. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
CrudeOil has reached all its target as per Previous Forecast. Crude has gone up in what looks like a 3 Wave up move where Wave A = Wave C after which it started to decline and made a bearish candle stick pattern of bearish engulfing pattern. There has been consistent divergence with MACD for the wave C up move indicating that this is perhaps not a 3rd wave rally....
FX_IDC:EURGBP Safe Trades; open.spotify.com ;) ;)
Technicals Here we have a Gartely pattern (shaded grey) that suggests a mid-term rebound. From the blue Gartely pattern, we can expect this rebound to last into the $36/37 region, where we can then short the market due to this bearish pattern. Fundamentals The oil market is in quite a confused state at the moment. Supply and demand dynamics suggest no return...
FX:EURJPY Completed Bearish Gartley pattern: Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD Ratios: Safe trades;
Most USD pairs weakness against USD has be very stretched have been appearing to either reverse trend or at least make noticeable retracement GBPUSD is not different. It is possible that the recent bottom formed in April could be significant one resulting in trend change or may be just an intermediate low. Also as it was severally oversold exasperated by...
We currenty have an AT MARKET bearish Cypher pattern on the hourly timeframe, but if that pattern gets busted...or hits targets and rolls up (which would be my preference) we have a very deep bearish Gartley setting up here on the 4hr chart. Whether you use an ATR, 113, or 10-20pip stop loss the risk reward should still be fantastic since the completion is so...