A temporal bounce is currently underway, however I expect the downward momentum to continue until around1.8000 to a reversal to the 1.8800 zone. However if the 1.7700 is reached without ever reversing then trade short till 1.7350.
It doesn't take a chart expert to see that the gbpusd is in a down trend, but there could be an excellent opportunity to go long on this pair. As you can see price action was making lower highs but the stochastic was making higher highs, this is a bullish setup. When you see this, it means with a high probability that the next leg down will be a bottom. Then the...
Solid cypher completion on the EURJPY. Some structure behind the reversal point. Taking profit at .382 and.618.
EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus,...
Here we have some very simple USDJPY analysis. I have a bearish bias on this pair however due to price sitting at around support currently I have provided a long scenario target. As we can see from the analysis USDJPY has successfully broken below what was a Major Monthly Ascending Trendline. The short term trend is also bearish on this pair. Taking all this...
There is a very nice potential rally on FX:AUDUSD . As we see price has broken a bearish trend @0.7021, then made a pullback, then tested the high @0.7040 and now is ranging in ascending triangle. If the price breaks the triangle and makes HHHC, then we are in a bullish market. Our potential target is next structure @0.7096 with the confluence of 1.618 fibs...
Idea is based on Elliott wave theory. More info on the chart. Good luck
I apologize for the disorganized appearance of this chart. The Red lines indicate times when the price reacted to the Fib Speed Resistance Arc. This blue line Represents a mirrored version of price action from mid 2004 to mid 2010. Due to its reactions to the fib levels in the recent past and the 10 year resistance level it is likely that GBPCAD does not have the...
When only looking at multiple ribbon daily EMAs. Bitcoin is entering in a significant and historical zone: the green lime one... It's just food for thought and plain fact. PS: for more details about the dynamic my wedge scenario posted 2 months ago is still in play and is ridiculously efficient, have a look too:
Please check weekly chart if you want to be more sure. Everything is on the chart! Feel free to comment :) Academy Investment A.i