XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
Gold is in a stagnant situation. We do not see any bias for gold today.
Harmonicforex
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
Today we do not see any specific signal for this instrument. Due to lack of sufficient volatility in the market, there is a great risk of taking short term trades. It is better to wait for a better entry.
RUNEUSDT Crossing the price of 2.8 will increase the supply pressure. The onset of a 3 out of 5 wave is attractive.
PRZ as Shark pattern on USDCADThis is going to be a small trade. The shark pattern has harmonic proportions and it has already completed the 1.618 requirement in order for it to be one. If it hit SL, it means USDCAD will already go bullish from now on.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
In the short term we do not have any strong directional bias for this instrument though in the long term the pair is bearish. Our bias remains neutral for the time being.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
There is no probability of major price actions or volatility influx. So we are not in any directional bias.
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
There is no strong bias in any direction. So our bias is to stay neutral for the time being.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
Currently the pair does not show any promise for any long term movements . What we see is a clear neutral bias.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
The major trend for this instrument is neither bullish nor bearish. The price actions are within bounds and the scope for massive volatility is limited too. So we are neutral for this pair.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007483
TP: 0.007085
SL: 0.007772
Bias: Short
The pair is trending down. If we look at the current price and its propensity to move downwards ,it becomes explicit that the pair has potential to go down creating a short opportunity.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
For this instrument we do not have any bias today. We do not see any high probability set up that can be efficiently traded to garner some pips. So it is better to wait .
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
The momentum and volatility of this pair does not show any strong possibility in any side. Our current bias for this instrument is neutral.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
The price pattern of gold is not showing any optimism for the time being. An obvious sign of lethargic movements is the position of different moving averages that we have attached for technical analysis purpose. We do not see any significant bias.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
Currently the price action is not at all remarkable for this instrument. The performance of the pair is below expectation and there is no high probability set up too.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007544
TP: 0.007234
SL: 0.007776
Bias: Short
For this instrument our bias is short and we are using the short term momentum and volatility as triggers. If the current market situation persists ,it will create a short term sell opportunity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25066
TP: 1.21885
SL: 1.27297
Bias: Short
This instrument is showing a short bias and we have detected a medium probability short opportunity. Due to low volatility and poor price movement, the signal is not strong but our bias is short after a technical review and we plan to go short because of that.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.06736
TP: 1.04276
SL: 1.08358
Bias: Short
For this instrument our bias is short and we think there will be a short term momentum drive which may end up in a short trade.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
For this instrument our bias is neutral as we do not see any high probability set up or directional bias. Technical study of various indicators and calendar analyses show that we still have to wait for a better trading opportunity.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
This pair is still in a neutral position . There is no explicit directional bias and we do not see any opportunity for momentum trades too. So we stay neutral.
EURHUF Short UpdateDid take the first profit on the short I published on May 26. I moved my stop loss a bit and adjusted the Harmonic pattern to a Daily Chart to have a clearer view. Frankly, I am skeptical of hitting the 357 ish target, But I want to stick to this TA as much as possible. Will partially take profit along the way. the ECB on Thursday is what I'm looking forward to.
EURHUF Harmonic PatternBeen watching the EURHUF for several months now. as the political/economic situation in the eastern part of Europe gets more and more complicated, could picture this Bullish Harmonic pattern forming against the Hungarian Forint. I know shorting the incomplete harmonic is not recommended, but I believe with a managed risk, you can trade any Idea.
Of course, in case of this Harmonic Pattern is completed, I'll be looking for a good long setup toward the 420HUF.
Follow-up on EURUSD (Bearish position possibility)Yesterday we theorize 2 possibilities for the market to go bearish on EURUSD. Now we have the first possibility invalidated, meaning that the price may look for our second possibility. We have to wait for the price to retest and it hasn't retested the resistance yet, so it could be a good opportunity to sell. I have also placed the reason why I think it will retest. There's an ideal bullish AB=CD pattern with 0.782 : 1.27 ratios. So the zone is very similar between 1.0703 and 1.0710. We just have to wait and we have 2 targets. The proper M pattern TP which is the 1.06419 and the other target will be the rising wedge target (remember that our analysis on the second possibility is also based on the rising wedge.
For the moment, we discard the possibility 1, although we will save that zone as there was some ratios that can mean something in the future.
