Bearish 1.41 AB=CD and Bearish 1.27 AB=CD was found on 20 Apr 2021 23:30 UTC+8.
Break out with Gap Up happened on 27 Apr 2021 21:30 UTC+8.
Found Ascending Channel, expected to go up until USD 104.09.
EP : USD 100.13
R1 : USD 104.09 @ 3.95%
S1 : USD 96.24 @ 3.88%
Risk / Reward Ratio : 1.02
he Small Pullback Bull Trend is intact, but these doji bars increase the chance of a pullback for a couple weeks beginning soon.
There are consecutive micro wedges, which increase the chance of a pullback soon. It might be underway.
Wedge typically leads to a couple legs down. Yesterday could be the start of a 2-week pullback.
The bulls want the tight bull...
For #USDCHF my daily view is that, the wave B has been started. It will continue @least for 10 days. The first target would be 0.9276. it could go higher even till 0.9376. If you are in buy position, keep your SL at 0.90772. Other entry points would be updated if I have time.
#usdchf #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast #elliott_wave
For #USDJPY my daily view is that we are in wave B. This wave will continue till @least for 4 days (please keep in mind that @least for 4 days and it can extend more). Our first TP is 109.39 and it can go higher till 110.14. if you are in buy position, please keep SL at 107.49.
#usdjpy #trading #forextrading #elliottwave #elliott #tradingview #elliottforecast...