Who would have guessed that the next HKD pair was going to be bearish? I mean, c'mon... Zigzag forming now, in C Wave. Fibonacci extension gives me three goals in purple, and invalidation is in red as per usual. Remember, this is not financial advice - your decisions are your own.
considering JP Morgan's bullish long term outlook on EUR this analysis shows the continued trend for EUR to rise along pitchfork from July 2019 and beyond
Please see my EURJPY, EURCNY pair reviews. This appears to be a more advanced, more progressed fractal pattern of those two pairs. We are moving up here, I believe. This is not financial advice, please do you own research and for chrissake's think for yourselves.
Multi time-frame has been conducted on this pair, trade will be taken when it aligns to the entries of the Authors strategy.
I advise to apply Price action and not Faith action; because at the end of the day, price is the ultimate.
Finally we have a BCR of the upper limit of the descending channel.
Also a BCR of the 50 EMA on the Daily and the 4H TF.
Sniper on site on the Daily, will wait for it to come on site on the 4H also before I take longs to the next Supply and Demand zone at 9.7000.
This is a long term trade Idea and you can add to this trade as we make our way up. Use 0.25% risk...
I spotted a beautiful setup on this one. We are just coming off of a nice long up trend. The market structure has shifted nicely into a down trend after breaking out from distribution previously. Price plunged to the down side on the breakout and has created a very nice up bear flag as it pulled back up to retest the bottom of the range. That along with confluence...
