Currently on Level 2 on USDJPY, expecting a stophunt-high/ High-Of-Week/ High-Of-Month then continue bearish up to Level 3/PFL.
After witnessing what looks like a Level 2 consolidation. Price has to push to complete the cycle to Level 3. Hence, we expect a HOW as we begin the week then continue to fall till Level 3.
After seeing what looks like a possible reset on H1 50EMA and a recent 50/800 EMA crossover, the trend might continue being bearish for DXY.
Gold formed a peak formation high then sold to the 200EMA creating a W structure that leaves a possibility of a Peak Reset. It is not a confirmed reset yet, will see what the market presents during the week.
Expecting a trend continuation on GBPUSD as we wait for the 50/800 EMA to crossover marking Level 2 consolidation complete.
50/200 cross confirmed Level 1, 50/800 cross confirmed Level 2 consolidation. Now waiting for the last ADR push that will make a 200/800 EMA crossover to confirm Level 3.
After breaking the structure to the upside BNB formed some liquidity pools on both sides. Market maker seeped liquidity on the top and formed a giant OB which is now a SELL zone of marketmaker. We expect the price to retest this block heavily on price zone 307$-316$ and go straight SHORT to the first BUY zone on 282$
We currently have a price consolidation on possible (Level 1) zone after what looks like a reset on USDZAR. Price likely to breakout on the upside since the "RESET" seems to be a confirmed one.
A possible short opportunity on GBPUSD since we are currently on what seems to be Level 2 of the bearish cycle after a reset.
According to BTMM levels, we are currently on Level 2. Expecting price to fall to 127.168 (800EMA) so as to complete the 3rd Level of the cycle.
Our previous projection of USDCAD moving from H1 Level 1 to H1 Level 2 worked very well. Now we expect a stophunt low in the early days of this week then buy to create the last push (Level 3).
USDZAR likely to continue rising because we had a reset and more potential on he upside. If it breaks the previous resistance we look forward to be taking longs. Also, retail sentiment states that there are more traders going short on USDZAR.
USDJPY might continue being bullish this week, due to a (possible) reset on the H1 200EMA. Retail sentiment says that more traders are shorting this pair.
EURUSD likely to continue being bearish since we are in H4 level 2 and just had a (possible H1 reset). Sentiment also supports that retails are long on this pair
GBPUSD might continue being bearish because it is on Level 2 (H4), just broke the resistance so expecting a retest and continuation.
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Observing the 3ADR from the 21st to the 28th of April, it seems like price has finally come to a Peak Formation Low. Now expecting price to rally up to the 200EMA or possibly the 800EMA as our TP points.
Expecting a second leg of W formation on GBPUSD to confirm a Peak formation low. After second leg has been formed, expect a start of a bullish cycle up to he H1 200EMA or 800EMA