EURUSD made a pretty impressive move the last two weeks. Price hit the lower channel line and was rejected hard. RSI extreme low on daily chart was made, but no divergence so far. In my opinion is the complex and longterm correction of Wave 2 not yet finished. The correction is a complex WXYXZ combination, also known als Tripple Three. The second X Wave is...
USDJPY made some pretty sharp move the last 2 weeks. We got a breakout to the 112.200 Level where resistance on the higher timeframe stopped the movement. Price dropped back down, forming a false breakout and Sell Pinbar on monthly timeframe. The Sell-off at the Equity markets fueled this move massively. Japanese Investors liquidated their assets and needed...
GBPUSD is still in correction after the impressive 5 waves to the upside. Price is currently in Wave 2, a downtrend that is still not over. We do not have yet significant Price Action on the Daily Timeframe and one more push to the downside is very likely. The pattern Looks like an ending diagonal, with 3-3-3-3-3 Wave Count. Look for rejection at the upper...
Let's have a look at the most traded precious metal. Gold formed an interesting pattern over the last year. After the ABCDE triangle forming wave B, price broke out to the upside in 3 waves. This ABC Move to the upside is the final C Wave of the Wave B correction. At the Top, we have: Weekly / 2-weeks / Monthly Sell signal RSI Divergence Fake Breakout...
GBPUSD has been in correction mode since 10 weeks now. The Waves can be counted as an ending diagonal for Wave C. That means Wave 2 is finished and we are about to see new highs on the daily. Wait for the breakout before entering Wave 3! This is no investment advice. Just for educational purpose.
CHFJPY made an impulsive push to the 89% Fibonacci level. After the weekly sell signal, price retraced to the event zone. Now we have: Finished wave C 2H Pinbar Sell signal / 1H Engulfing bar pattern RSI Divergence We should now see significant push to the downside on all YEN pairs for the next time. Be patient and participate on this move with a trend...
Please give this idea a LIKE if you find it helpful :) AUDUSD is in a downward channel for quite some time now. We formed a triangle with an ABCDE-Pattern which is Wave 4. In the last sessions we broke out of the triangle and formed wave 1 of the last wave 5 to the downside. Currently Price is correcting to channel line, and the breakdown should start...
Please support this idea with a LIKE if you find it helpful :) NZDUSD made a deep correction on daily tf. Market found support and made 5 wave impulsive move to the upside. Since then price is correcting below falling trendline and forming a wedge pattern. Watch for breakout and maybe retest of this descending trendline before opening a long position. This is...
Please support me and give a LIKE, if you find this idea helpful. EURUSD is still in downtrend and is grinding its way to the weekly support zone. We have a gap from April 2017 to be filled, but that is no strong support area. Strong supply begins at the marked area, from 1.03400-1.05800. There will be some nice loading with long positions by the professionals...
Please support and give me a LIKE if this idea helps you. EURGBP is still in sell off mode and made lower lows and lower highs the last week. Price is sitting on monthly lows with support area 100-150 pips away. There is still a Gap to be filled from June 2016. After the 5 Waves to the downside, the last push to the upside is a wave A. We are currently in wave...
GBPUSD is still in correction mode. Market is forming some kind of flat correction. We are currently in the wave 5 of the extended wave 3. After that we should see a wave 4 correction before the final push to the upside. Target of Wave 5 is the top of the channel, around the 1,32500 area. After reaching the top of wave B we will the push to the downside with...
GBPUSD is still in corrective pattern and has fallen under the longterm rising trendline. Currently in retesting this trendline from the downside. I think there is still a little bit room to the upside, another retest and touch of the 38% Fib level before we continue the big move to the downside. Be patient and trade with care, do not rush anything, wait for...
NZDUSD is still heading lower after losing nearly 300pips. Support is near, but one more low should happen before the next push to the upside. We will watch the area around the 78% and 61% Fibonacci retracement level. It lines nicely up with recent support. Be patient and look for clear price action signal. Reversal signal can be formed this week
EURUSD Medium Term Wave Analysis: Market finished its bigger correction of wave 2. Wave C travelled to excatly the 61% fibonacci level. Price made a strong move to the upside and formed a nice weekly bullish pinbar at support We are now in wave 3 and the first target is 1.135xx. Wave 3 could happen really fast as it is generally the most impulsive one. Look...
German Dax Index took a pretty big loss the last week and formed a monthly sell signal. Fear is currently in the markets, indices fall and JPY as a save haven is sought after. Uncertaintly leads to profit taking and cash parking. Technical side: Price made a weak attempt to break the last high and made a fake breakout Daily & monthly sell Pinbar was formed ...
AUDUSD is currently in an interesting pattern. Price made an impulsive wave and is in correction since then. On the monthly chart we have a huge engulfing pattern. We got an overall expanded flat correction and are currently moving to the downside in wave C. Target for this move is the 78% Fibonacci level. (ca. 0.67500) It lines up with the monthly low the...
Quick Update: CHFJPY behaved according to our analysis and made a nice move to the downside. Have a look at my last analysis which lined out the whole trade: 1/3 of the position was closed before the weekend with 150pips profit. We should see some kind of correction soon, before turning south again.
NZDUSD is still in corrective mode after the impressive rally. Market is moving in predicted way, wave 4 is currently talking place: The correction does not look finished yet, we have to be patient. On monthly chart, NZD is strongly bullish versus the Dollar. We are looking for a significant price action signal around the key area before entering a long trade.