Elliott Wave analysts might find the current GBPJPY setup quite compelling for a SHORT position. The currency pair has completed an upward corrective wave (b) and is now showing signs of a downward turn, potentially marking the beginning of an impulsive wave (c). Given the completion of the corrective pattern and the failure to make new highs, we could anticipate...
Elliott Wave practitioners may find the current GBPNZD chart to be a textbook example of a potential SHORT opportunity. As the pair completes a corrective wave (b), reaching a common retracement level, we anticipate the initiation of an impulsive wave (c) to the downside. The climb of wave (b) to the 0.965 retracement suggests an impending reversal, with targets...
The Elliott Wave formation on EURJPY suggests we’re in the midst of a corrective phase, with the currency pair possibly gearing up for a descent. After completing an ascending wave (4) that has retraced to the 0.382 Fibonacci level, a bearish wave (5) seems imminent, indicating the potential for a SHORT opportunity. The Fibonacci retracement levels drawn from...
The CHFJPY pair's recent price movements suggest we may be looking at the onset of a bearish Elliott Wave. The formation appears to have completed an impulsive wave (3), followed by a corrective wave (4), which has retraced to a classic Fibonacci level. If this pattern holds, wave (5) might take the pair further down, potentially creating a SHORT opportunity. The...
Elliott Wave aficionados may want to cast their eyes over the AUDNZD pair, where a SHORT scenario is unfolding. After the apparent end of a corrective wave (b), we are now witnessing what could be the beginning of an impulsive wave (c) to the downside, often characterized as the most dynamic and potent move in a corrective phase. The price action has begun to...
AUDJPY's price action presents an intriguing pattern for Elliott Wave theorists. Following a complex corrective structure, we now see the potential development of a bearish impulse wave. The recent completion of what seems to be a corrective wave (4) at the 0.382 Fibonacci level of wave (3) sets the stage for the next move down. The pair’s inability to sustain...
Hi Traders BTCUSD price is ready to fly Btcusd currently experiencing worldwide Up trend has reached its highest price ever I predict that the market will bounce back From the support level move towards the Nearby Target BTCUSD BUY FROM. 63106 TARGET ZONE. 77523 If this post is useful for you You can support me with like And advice comments
Gold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback. Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome...
In the bigger picture, price actions from 1.3141 medium term top are seen as a corrective pattern to up trend from 1.0351 (2022 low). Fall from 1.2882 is seen as the third leg. Deeper decline would be seen to 1.2034 support and possibly below. But strong support should emerge from 61.8% retracement of 1.0361 to 1.2453 at 1.1411 to complete the correction
FX:EURUSD Processing: +3.6RR Risk: 1% Updated a large amount of liquidation on the purchase There is a structure breakdown at 1h, I expect further upside to the nearest FVG resistance zone at 1h. Waiting for working off
As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...
The USDCAD pair hit our 1.36200 Target (February 09, see chart below) and even broke above the Symmetrical Resistance Zone: The price now sits at the top of the 2024 Channel Up, a similar pattern with the July 14 - November 01 2023 Channel Up. In fact the pair is approaching that November 01 High (Resistance 1) and being at the same time on an overbought 1D...
Price has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA. Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern. These indications suggest the possibility of a bullish continuation move, potentially driving...
"Precious metals" regained what they lost during the US session on Monday During the Asian session on April 16, gold prices recovered and are currently trading around $2,386.80. On April 15, world gold prices adjusted slightly downward after US retail sales were higher than market expectations, however the upward momentum of XAU/USD returned early this morning...
Price is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.54037 Why do we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.54366 Why we like it: There is a pullback...
Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.81639 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.81898 Why we like it: There is a pullback resistance level...
Price has currently bounced off the buy zone which is an overlap support level which aligns with the 78.6% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.88418 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.87974 Why we like it: There is a pullback support...
The US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the...