The RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the...
We expect this to be the trade of the week as well as GBP/NZD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and bring forth they rate hike projections. We expect the CAD to be pressured as the oil prices are expected to drop...
We expect the market to complete the 3rd wave in the minor degree. Our fundamental outlook on the pair is bullish due to the expectations of the federal reserve to hike interest rates sooner because inflation levels are very high. The CHF is expected to be pressured as the global economy is improving since it's a safe heaven currency. The CHF we also be pressured...
Our fundamental bias is tilted to the upside for this pair as the FED is expected to hike rates earlier due to inflation fears in the US economy. The JPY is expected to be pressured due to the BOJ assuring the market that they are not planning to raise rates anytime soon. We structurally expect the pair to complete a WXY in a higher timeframe.
We are both technical and fundamentally bullish on the Dollar after a positive print on the ISM manufacturing we expect expected that to put pressure on the FED to taper this upcoming FOMC. we expect CHF to be pressured in the coming trading sessions
4562 free pips for the trade of the year. The market has has completed the weekly correction structure and is now ready for downside. fundamentally we are bearish for both currencies but expecting CAD to be weaker since JPY is as it lows already
Price has made the low we anticipated, violating our SL level, however the bias is still the same.
Hundreds of pips are loading to the up side for this last quarter of 2021
#818wealth #divinetrades #Botswana
@818wealth
Keen to trade this pair lower , even if it goes up to break the top one more time i will look for sell set ups:) until corrective structure is done.
Goodluck :) Give a thumbs up if you like this idea and lets manage the trade together:)
Follow me on twitter @WXY_Group , Nate__Za
A majority of the beginning of this week we saw US30 decline, almost at a rapid pace. This was due to the end of a long term Elliot Wave Cycle 5 at the top, then that rapid decline was an ABC(3) wave correction downwards which is where we just had our first W1 and W2 of a new cycle, with W3 in the midst of an impulse wave.
It looks like about to finish the 3rd of 5th wave and will correct in 4th subwave. The sidways three wave correction can be buy for final move higher as 5th of 5th wave.
Bajajfinsv is in strong uptrend and will continue it for more upside as it is about to finish the internal degree of 5th wave and will go up to 15500 level in current cycle.
Here I was able to label the start of a 5 wave structure (1,2,3,4,5), the 5th wave is currently being formed (which is an ending diagonal and it isn't complete yet but I've labeled it as well. In this 5th wave which is an ending diagonal, I've also used the smart money concept to identify a distribution pattern which is in play, the break of structure which shows...
AMC looking to push upwards for a wave 5 in the future after some sideways consolidation for a wave 4. We are currently working on completing that wave 4 consolidation which could take some time, but overall looking for a high probability chance of pushing to the upside in the future.
Going to be looking to buy into calls to target this upside. Entry is set to...
The S&P500 ( SPY ) has seen lots of sideways price action and consolidation for the past few weeks or so, but I believe that we could be seeing an impulsive break-out in the near future. This would form the impulsive wave 3 of a final wave 5 push to the upside before the bear markets kick in around the summertime months (July-August).
We will need to see...
Lots of news for Cardano so I had to check out the chart.
Two two scenarios show bullish price action from Cardano, which is highly correlated with BTC.
First scenario, plotted in blue, showing the rebound from the BTC crash (just above the .618FIB) as leg one. Leg 2 being a shallow retracement with ADA currently in leg 3 moving through it's current resistance....
Upcoming downleg will complete wave (v) of to finish off a correction. Even if it combos there is upside regardless if you catch the end of this correction correctly.
Buy region is ~6.17 - ~6.84, but watch for clear rejection of 6.36 (0.618 of previous impulse). Also note the deep retracement of this (iv), may result in truncated (v). Count internal waves on...
![BAP: [EW] ASX:BAP targets 1.74 short-term](https://s3.tradingview.com/l/lf7h89VF_mid.png "[EW] ASX:BAP targets 1.74 short-term")
