GBPUSD has been creating bearish pattern and last week's rise was expected due to : 1. 38.2 Fib target hit 2. Mid of Bollinger Band hit 3. Weekly Bull candle hit (Mid of the M pattern) So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from. Hit the like button and...
EURGBP Long Idea Completion Of Pattern
EURCHF A little High probability zone with pattern completion: As EURUSD has been been weeak and is expected to to fall a bit further down, I am expecting EURCHF to reach the zone and complete the pattern. We have good fibonacci confluence there. The zone is small so it can be a good R:R opportunity.
We have confluence of Fibonacci extensions here there. Besides that DXY is reaching a point of completion of a pattern. See the attached idea for dollar index.
#USDJPY Tale Of 2 Patterns: Cypher Or Shark
XAUUSD #Gold Bullish For Now, Reaching A Great Shorting Zone: Gold is reaching this zone where a huge monthly pattern is getting completed. It will be a monster opportunity to get involved when that HTF pattern completes.
USDCAD still has space to go upwards. That will put it in the upper end of the supply zone. If it reaches there we have a great opportunity to short it.
EURUSD Another Bullish Pattern Inside The Zone
Medium probability trade with confluence of: 1. Fibonacci cluster 2. 20SMA on Daily Chart 3. Trend Line 4. Cypher Pattern Hit the like button if you found it interesting.
CADJPY Short Term Long Trade (Pattern Completion + 200 SMA)
Dollar index is expected to go down a little bit after a day or two. Id the downward movement continues, we can expect good correction to the downside. Hit the like button and drop a comment of you enjoyed this analysis.
EURNZD Fib , 200 SMA Confluence Zone For Short Position
#USDCAD #Loonie Weekly Analysis: Bearish Week Ahead?
GBPUSD is still showing bearish movement but we need to watch 61.8 fib level which will be reached in a day or two. Trade management is the key.
Please watch DXY analysis first because DXY and EURUSD are usually inversely correlated. EURUSD Is expected to fall for a day or two to test and retest few important levels. However it has been a game of 61.8 fib levels so far. So a bullish zone lies just ahead.
#USDCAD Short Trade Confluence:Moving Average, 61.7 Fib, Pattern
EURUSD Bullish Cypher + ABCD Pattern For Great R:R Next Week