GBPJPY trading on resistance zone, looking for corrective c wave with target of 145.50.
Looks like the price is not going to break the top in this wave, and this pattern looks like a big complex correction pattern and it is breaking down. if we get a downtrend impulse this time, i think that prices will break 0.03 level to go lower. Buy again at 0.02-0.01, if there i will see a new accumulation pattern Always trade with care and have fun!...
Traders, USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far. 1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130. 2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488. 3 -...
Ichimoku 'Wave' forming a nice trade entry into a long position. Due to the sharpness of the wave I have added all wave projected calculations as some Ichimoku traders may see this as a 'V' wave set-up all the way to a 'E' wave. How I trade this set-up Aggressive - Enter now and place your stop on the 'C' leg (110.585). Conservative - Await for price to break...
If it breaks we could see the price go down to 1.29400
Very good trade opportunity if we break the flag. MacD and RSI have divergence so I will observe this closely up until the Non farm numbers.
USDJPY has a potential to turn around and go down during next few daily sessions. The point is that on a daily timeframe the pair is about to finish an enormous corrective structure which is known as a flat. The question at the moment is whether the price touches the May high and comes down OR goes slightly beyond the high and then crumbles down. Fractology...
The pair might soon experience an abrupt change to the downside. Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price. Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down. Thirdly, GBPJPY is forming a pattern which Fractology identifies...
Since our last analysis on USDCAD ( ) we have been selling this pair for a couple of weeks. However, it is high time for the whole move down to be corrected up. The pair is heavily oversold and any new low might be the last. It is reasonable to look for buying opportunities under these circumstances. Therefore whenever the price breaks the trendline and...
The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal. The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up. However, it is reasonable to wait for a breakout from the current pattern and a small...
The chances are very high the pair will come down in the nex few sessions. The impulse-correction relationship is very obvious on the chart. This brings us to a conclusion that there is going to be at least one more down move back to the trendline. However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides...
CADCHF is completing a pattern which brings us to a conclusion that the pair will come down. There is a chance the pair will make one more high before turning the direction. The outcomes of the move might be significant. It might come down as low as of early June 2017. Otherwise, the pair will make three legs of correction and go up for another...
Some crosses might correct a bit while majors move (like this one - www.fractology.biz ) Buy if price breaks the trendline and correct a bit
Some crosses might correct a bit while majors move (like this one - www.fractology.biz ) Sell if price breaks down the trendline and correct a bit
Following our post on USDJPY long-term analysis - www.fractology.biz Fractology would like to deliver another piece of forecast with very high chances of occurring. Our first-in-series analysis has its aim to describe the first impulse in the structure. At the moment price shows signs that it might start the second impulse and complete the structure. As...
NZDUSD has probably reached the top where a correction or a reversal is highly probable. Therefore it would be reasonable to wait for pattern breakout, a small correction and comparatively big down move. One more high is possible in the current setup.
Fractology would like to advise a short-term selling opportunity for two pairs which are forming similar setups. These are EUR/JPY and CHF/JPY. The charts on both pairs are in a corrective phase which is not finished. Therefore it would be beneficial to sell the breakout of the current small corrective flag. If that happens tt would practically mean the...
This post is to advise to look for short opportunities in this pair. Wait for a pattern breakdown, correct itself and sell down to the trendline. However, I would advise having a look at AUDNZD and AUDJPY for buying opportunities.