EURGBP has been mostly following EUR last week and fell from a good level. It is now testing previous lows and it may continue a little further to create double bottom or divergence. We also have a pattern getting completed. So if we get a bullish confirmation, this can be a very good long position. Hit the like button and subscribe if you found this analysis...
Traders, EURUSD has been punishing traders by not giving any kind of retracements upwards. It has been strongly and quietly breaking all support levels pushing the price down. That behaviour is not normal and is currently consistent with DXY (Dollar Index) behaviour. (See DXY analysis attached). We now have reached a point where we have last chance for bullish...
Traders, DXY (Dollar Index) has been dragging its feet and pushing itself up without any retracement. It is behaving exactly like EURUSD but in opposite direction. We now have a cypher pattern completing too which can give us a very good Short entry. We must wait for a bearish confirmation and enter a short. Hit the like button and subscribe for future analysis...
Traders, AUDUSD has been bullish after completing several patterns inside the high probability zone. It came back in the zone to create a divergence and now it may come back. On 4H time frame we can see it losing momentum. So we will plan our trades based how it reacts on the completion of 4H time frame. Checkout DXY and EURUSD weekly analysis too. Hit the like...
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...
#USDJPY Tale Of 2 Patterns: Cypher Or Shark
We have several patterns here in the zone: Cypher, Bat, ABCD
Heres a peak of the previous post: The support at 1.103 was not as strong as I expected, but still this just leads to another opportunity. Noticed some high impact news concerning the euro coming up on Monday by Germany. Im pretty sure the dip today is just another manoeuvre to add fuel to the liqduity pool. In this chart we are not looking at a defined harmonic...
GBPAUD Bat Pattern Short Opportunity: GBPUSD is expected to fall at the end of this week or next week. AUDUSD is expected to be bullish next week. That is also supported by this trade opportunity. We have supply zone on the left with bat pattern completion.
Traders, Although EURUSD has argument for both long ans short positions at the moment, we must not forget that on the daily time frame we are still in uptrend. Also Weekly Elliott Wave is also still intact. So There are are more chances of medium to long term bullish movement. One scenarios is that we will start the bullish movement right away or other scenario is...
Traders, I am long on eurusd from the zone that I mentioned in my weekly analysis. Please check that out if you have not. (see attached idea). Now that market has reached 38.2 first target and it has broken that structure, I have moved my stops to lock in profits and derisk a bit. I am expecting 61.8 profit target level now. Please like and comment this post if...
GBPUSD Is still on the right path towards the 38.2 fib level target and it may just be in the process of making another pattern to confirm that target level. See my weekly analysis video before this to get a full idea of what is happening. (see attached idea) Ba careful of Brexit coming in 2 weeks. Better to stay out and watch than trade wrong with high...
There is a pattern setting up but 0.6600 must hold.
Hi Traders, USDJPY has come to a region where it is a good candidate for short position. However we will have to manage the trade properly.
Hi Traders, Here is weekly top down analysis of GBPUSD using fibonacci confluence. I am bearish on GBPUSD for now and based on few levels it can be bullish. But we must remember that we have Brexit coming too which can make this pair drop by a lot. Please hit the like button and drop a comment or query.
Hi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen. Hit the like button and leave a...
#NFP Dollar Index Bearish Bat Pattern - Ready To Go Down
USDCAD Day Trade Long Opportunity - Bat Pattern 88.6 & 161.8 Fib confluence