The Fiber has just completed a 12345 impulsive long move and a bigger335 running flat correction on the daily. Divergence was identified on the daily timeframe and a breakout of structure on the 1hr time frame. At this point EURUSD is ready to start a new WAVE 3 impulsive move on the weekly timeframe .
SL @1.17585 and 1st TP @1.22581
NB: Do not risk more than 1%...
The Ninja or Gopher is is expected to sell to complete the expanded flat with a special diagonal on the higher timeframe.
on the lower timeframe, we should be looking at selling breakout of ever flag correction until wave two of the weekly time frame(expanded flat is completed)
NB: Do not risk more than 1% of your equity per trade(Position sizing)
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USDCHF, EURNZD, AUDCAD, CHFJPY, GBPJPY, and US Oil.
I am going to take you through my analysis briefing for the above pairs, and hopefully get you to see what I see...
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Hi Traders, here is my analysis for the US Dollar (DXY).
In my earlier post on the weekly analysis you would identify where we are in what appears to be the corrective 4th wave of the super cycle for the dollar, and I was anticipating a further movement lower to complete the cycle.
Observing the daily timeframe we can see where price has...
Hi Traders, here is my analysis for GBPJPY
Monthly Downtrend (market created double bottom and currently pushing higher.
Weekly downtrend ( market within a corrective WXY pattern. We have completed X and looking to complete the Y wave lower. Target yearly lows.)
Daily Market is also in a downtrend, though we’ve been seeing the pound on a rally since mid June....
I assume GBPUSD can either start to rise due to testing the daily support trend line as well as forming a doji on the 1H chart. If a bullish Harami or bullish engulfing bar forms on the 4H we'll be looking to go long.
Due to the sellers momentum it could continue to break through and reach my monthly support at 1.23800.
GBPAUD - After a strong bullish movement over the months from 1.6000 ( MAR 19' ) settling in at 1.87200 (MAY 19')
GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200 .
The overall bullish momentum carries over to the Daily with an...