I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart.
I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the...
I have seen and watched Prev Data in Longer Term Bases that Janury months GOLD Sure rise max time even in Downtrend , Uptrend side ways move also.
I am Expecting November and december will be sideway until 1400$ then we can see a big rally in GOLD For Longer Terms.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be...
After making a downside impulse the pair is correcting. First, we are going to look for one more move up to finish the last leg of the correction. After the pair goes beyond 1.3350 we will look for trades down as per our strategy.
Generally we anticipate a huge move down that might test 1.25 area. Possibly it could happen this year.
There is a high likelihood for one more move up this week. The pair is forming a zigzag structure at the moment. Thus it would be a premature action to get in the market right now. As soon as the price is 1.17400, it might give us a clue whether it will go up. As of now, we are going to look only for long opportunities.
There is a likelihood that the whole move up is a correction to more downside opportunities.This is visible by the chart incline and the relative position of the upmove to the prior impulse down.
All eyes on the loonie. The downside potential could bring a lot of money on your account.
The pair is correcting itself after a bullish move. So far this correction gives me a strong believe there will be one more impulse to finish the structure. Look for a small impulse up (probably one hour impulse), then correction and buy.
If you have a look at the daily EURUSD chart, what do you think the next major move will be?
"Buy low, sell high" is the best statement to describe what is going to happen to this chart. As per Fractology wave analysis, EURUSD has to correct its rally up which means the decline of EUR is looming large.
On the 4-hour chart, the pair has made an impulse down which...
The pair has made an impulse which has not made a correction yet.
Therefore we expect a correction for this pair. However a presumable correction might turn into an impulse itself.
Be careful with buys. It is reasonable not to do anything or wait for a sell setup.
Earlier Fractology published its bullish view on USDCAD. We were wrong to expect an upside move that soon. As of now, Fractology does not change its bullish analysis and we keep on looking for buying opportunities.
On the chart above there is a chance of forming an expanding ending diagonal which has no other choice but to resolve up.
Secondly, any chart rejects...
The pair might soon experience an abrupt change to the downside.
Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price.
Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down.
Thirdly, GBPJPY is forming a pattern which Fractology identifies...
Since our last analysis on USDCAD ( ) we have been selling this pair for a couple of weeks.
However, it is high time for the whole move down to be corrected up.
The pair is heavily oversold and any new low might be the last. It is reasonable to look for buying opportunities under these...
The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal.
The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up.
However, it is reasonable to wait for a breakout from the current pattern and a small...
The chances are very high the pair will come down in the nex few sessions. The impulse-correction relationship is very obvious on the chart. This brings us to a conclusion that there is going to be at least one more down move back to the trendline.
However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides...
CADCHF is completing a pattern which brings us to a conclusion that the pair will come down. There is a chance the pair will make one more high before turning the direction.
The outcomes of the move might be significant. It might come down as low as of early June 2017. Otherwise, the pair will make three legs of correction and go up for another...