In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (4) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
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The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished. However, as long as we see too much overlap in the upward move, we cannot exclude the secondary scenario. The secondary scenario calls for two more swings as a wave (b) and (c).
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
For swing positions fall back to accumulate @ <0.8870 -0.8960-0.90> target remains 0.9450 over coming 2 MN (This being a positive swap issue).
Current week should see Dollar soften into the CPI release on Thursday. Short 0.9135, stop 0.9235. Target 0.90 - 0.8980.
Begin to accumulate longs as of coming Wednesday/ Thursday to target 0.9250 short term, and 0.9450...
The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish...
BTCUSD stalled at an area of Weekly Resistance, and this week's price is expected to drop based on the technical factors
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Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn...
The Dollar has been unstoppable during the Summer 23'. Is the time up for this medium term trend and can we observe a Risk-on assets pullback on the Higher timeframes?
0:0 Monthly timeframe
1:25 weekly timeframe
3:30 daily timeframe
7:15 Bias for the week
9:25 4hr timeframe
The EU market this week went up as opposed to grinding down for what seems like...
Welcome to the first ever Silent Commentary Analysis for the Pair UsdJpy.
0:0 Intro!
:20 Monthly Analysis
3:45 Weekly analysis
5:09 Daily Analysis
7:11 4hr analysis
We can observe a strong trend and obvious momentum on UJ since the Year began. The Septmeber monthly candle closed bove the Candles to the lefthandside suggesting a breakout and more upside for UJ...
Starting a new series today doing Analysis on random pairs.
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Welcome to Q4 2023. Let's do it 📊
Oil Dropped heavy last week as we began Q4. Ultimately looking for higher prices for this quarter and as we enter the coming week. I talk about my favorite prices and reflect on past price behavior.
