C-to-Y price correction is over. We seem to be starting the X-wave
Time Frame: 4H Symbol: JPYUSD Entry: 0.007341 TP: 0.007149 SL: 0.007505 Bias: Short The price story of this instrument reveals that the pair has an ambience of make the price drop . The price level will drop creating a beautiful shorting opportunity.
Time Frame: 4H Symbol: GBPUSD Entry: 1.23162 TP: 1.26017 SL: 1.20790 Bias: Long If we analyze the current price story of this instrument, it becomes evident that there is a positive expectation of going bullish for a short period of time.
Time Frame: 4H Symbol: EURUSD Entry: 1.05679 TP: 1.07768 SL: 1.03927 Bias: Long We are bullish for this pair. Though the bias is not very strong, there is a ray of hope for a short term bullish opportunity.
Time Frame: 4H Symbol: XAUUSD Bias: Neutral The price pattern of this pair shows a neutrality of directional bias. There is no signal for obvious or strong directional move. So we are neutral for this instrument.
Time Frame: 4H Symbol: USDCHF Bias: Neutral USDCHF is in a stagnant state today . It does not show any promise for any directional move. So we stay neutral.
Analysis of #EURUSD The EURUSD may be forming a quality bearish harmonic bat pattern that might complete near strong structure resistance level where the market failed to break to the upside multiple times before. if the market indeed completes the bat pattern I will then look for sell entry if the rules for entry are met. ...
EURCHF top down price action analysis - dont get caught in a trap trying to long this correction until price has swept the lows.
CHFJPY SELL @139.550 TP1 @139.350 TP2 @139.050 TP3 @138.550 SL @140.400 Note:- Use exact Entry or below this level.
Time Frame: 4H Symbol: JPYUSD Bias: Neutral We do not see any specific directional bias for this instrument. We have to keep eye on the volatility and momentum of this pair till we get a rational entry bias.
Time Frame: 4H Symbol: GBPUSD Entry: 1.22622 TP: 1.19577 SL: 1.24736 Bias: Short For this instrument our major bias is short. We think the price level of this instrument will drop dramatically creating a good shorting opportunity.
Time Frame: 4H Symbol: EURUSD Entry: 1.05437 TP: 1.07148 SL: 1.04250 Bias: Long As we see the weakness of dollar is the strength of the euro but not always . The inverse correlation does not work mathematically all the time . However, sometimes we can anticipate trading against the weakness or strength of dollar. Here we are going for long as we think the...
Time Frame: 4H Symbol: XAUUSD Entry: 1839.721 TP: 1802.114 SL: 1868.853 Bias: Short Our bias for this instrument is bearish and we are looking for a right short entry opportunity. The overall market bias is neutral but in the short term we can anticipate a short trade.
Time Frame: 4H Symbol: USDCHF Entry: 0.96422 TP: 0.98885 SL: 0.93920 Bias: Short The historical price action of this instrument is showing a lethargic movement now and not very active with any directional bias. However, the trend strength is heavier towards downside and that is the reason we are seeking a short trade opportunity.
Analysis of #EURNZD The EURNZD failed to break to a new high as you see on the chart and now spending too much time at its trend line support which to me indicates no desire from traders to buy the support which could lead to EURNZD giving up support and breaking to the downside. if indeed the market breaks and closes below structure support I will take this...
Analysis of #AUDUSD Simple classic bearish harmonic bat pattern, still early though but keep an eye on this setup if and when it breaks B leg we can start looking for a sell entry at D leg completion or inside the structure resistance zone, depending on how the market will get there ________________________________________ 💭 | Comment your thoughts below, I...
USDCAD SELL @1.29900 TP1 @1.29700 TP2 @1.29400 TP3 @1.28900 SL @1.30800 Note:- Use exact Entry or below this level.
So far it has progressed according to the analysis of the past. The bearish wave of the DENT continues until the specified price targets