Maybe divergence @MACD This is new high time for correction @D1 End of N structure (Ichi Wave) @W1
The current candle has begun under all the Ichimoku lines so according to me this is a confirmation of the bearish trend in 4 hour timeframe, so for day trading.
After a rally, EURUSD is slowly reaching an upper band defined by several flat SSBs given by Ichimoku, they act as a resistance zone. Moreover it is blocked by the upper prong of the fork where the price evolved since September. Depending upon the US elections, we may see a rejection of this area with a price returning to the middle of the last swing we observed...
After a range period now the GBPJPY is ready to go up the tenkan to kijun and maybe till the red kumo at 134-135. Stop under 126
I think we will go UP to 0.7620
- price close under SSB - SL ABOVE RED LINE - TP 4*SL
price below KS price below TS price action SL - above big red candle @ 0.7680
Big Move to the downside, EURGBP heading down. :P
SELL KS DOWN PRICE ACTION STOCH DIVERGENCE
I have been following the USDCAD using the weekly chart and Ichimoku. I did not post last week and wanted to show a daily view this week. Price seems to be defined by the Yearly PP and 200sma during the correction of the impulse down move. The retrace has not even reached the 38% retrace level and important structural level. However, to achieve this the Yearly PP...
I am still expecting the USDCAD to correct to the confluence of some significant levels. However, I now think this may take the rest of the year to achieve this. Volumes remain low and will be watching for volume to return at the 50% retrace level of the AB leg of a potential ABCD pattern.
The BC leg of the larger ABCD correction is probably going to take some time longer to complete. We saw a correction to the 61.8% level of the up move before we reached the confluence of significant levels around 1.335. This week we could see a continuation of the up move. The 'TDI is showing bullish signs and the down move is not supported by volume.
Using the Panoptic Weekly Map Method as described @Ichimoku_Trader we continue the posts on the GBPNZD. We are correcting back to the upper median line of the Pitchfork. So we wait for the correction to complete and then trade the next move down. Looking for a break of last weeks lows.
I was expecting the USDCAD to complete the correction of the BC leg down move at the 38% level. However, price moved down breaking the lows of the previous weeks and the market seems to be bearish now finding resistance at the yearlyPP. In spite of this the expectation is still to the significant resistance levels which include the 50sma, 38% retracement, SSB 50%...
AUDUSD is showing signs of strength and the mark-up is starting. Watch for the pullback to the 0.618 retrace this week. At a no demand (low volume small spread) candle enter long and look for the next mark-up.