After Quasimodo pattern development 4h candlestick pattern convinced us to sell Gold from here.
However, we want to sell Gold we should wait for good R: R which is at least 1577 price level for entry.
Our one target is important inside level and the second target is an extended level which is also ABCD target and Zigzag Correction target.
Warning: Do NOT risk...
Seems like we are in the very important consolidating area on the 4h timeframe to dedicate to our swing on AUDNZD.
As a professional trader, we are not a predictor, we will react to recent price action.
It doesn't matter which way it will go we will adopt fast with my fellas and join that trend as soon as possible.
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Bitcoin seems to finish its retracement with 5 Wave in the pennant.
And now on the 50% on the last impulse, also on the very important price level which is 6820.
Most Recently. making kind of inverted Head and shoulder and seems like willing to go upward more.
( I mentioned before about this last touch of the inverted head and shoulder on previous BTCUSD analysis...
EURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone.
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our...
Currently Gold break above the 1480 very key level. We expect a huge upward move here now.
We can easily see that 4h re-test pin bar for entry the trend market.
However, if you miss that opportunity you can maybe wait for some 50EMA on 1h timeframe for a pullback to enter the trend market.
Our first target is 1532.360 and the second target is 1598.2
The market finished ABCD pattern and move away from 111.860 Resistance Major Level.
Now we can monitor on 4h time frame supply start to gains strength against demand.
Could be the good potential of trade with the good risk-reward ratio.
If you have any other opinion about CHFJPY, let me know in the comment section below.
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For EURUSD We expect another attack on 1.12 at least
Price makes 2618 pattern on the daily time frame and already market leaves weekly Support Zone after making gameplay with stop hunted which is around 1.10
Now on the 4h timeframe, we can monitor ascending double bottom development. If we can break out the trend line and can catch nice pullback on the 1h/15m...
Waiting for the last touch to 6775 price level before leaving the consolidation area. People could start to buy BTC due to 2020 May next halving as the main reason.
If we see one of our strategies ( reversal patterns, price actions, candlestick formations ) in that specific area we may consider buying BTC from there.
Our targets could be 9000$ and 11500$ first....