ForexGrandMaster

ForexGrandMaster

5th Wave completed....corrective move expected...forming sHs. Looking for a short opportunity if it breaks below 0.77830

ForexGrandMaster

I'm expecting some pullback and bounces withing those two levels before price finally breaks to the Upside.

ForexGrandMaster

The Pounds Sterling Japanese Yen would be looking to test the 61.8% FIBO at 145.88. A Seller failure beyond this level should resume the Up movement with first target at 161.54

ForexGrandMaster

The current price level is a critical level. We await Buyer failure. Should this happen, would be looking for a SHORT opportunity up to 0.6475.

ForexGrandMaster

Upon the failure to break channel support. Looking forward for a SHORT Opportunity up to 75.974 or further to 74.288

ForexGrandMaster

Looking forward for LONG opportunity upon Seller failures at current price level or at 1.4000. TARGET would be at 1.600

ForexGrandMaster

EURAUD failure at 1.400 Level would mean an opportunity to go LONG to retest 1.600

ForexGrandMaster

The EURJPY remains bearish and might test the 120.000 level again. Failure at this level would resume the North movement. I will be looking to go LONG at 120.000

ForexGrandMaster

If you would go long, wait for proper breakout (don't fall victim of fakeout). If Buyers fail to break upwards, look to go SHORT up to 1,000

ForexGrandMaster

Might go down to retest 0.94 before going LONG.

ForexGrandMaster

Buyers have tried to break the trendline 3 times but still couldn't . Wait for proper confirmation...If buyer still could not break above the channel then look for SHORT opportunity up to 111.46...A retest of that strong level.

ForexGrandMaster

GBPUSD looking to go long up to 1.500

ForexGrandMaster Updated 

Sell the breakout, then go LONG if price rejects the 61.8% Fibo Level.

ForexGrandMaster

Buy the A- Leg. Target should be at 50% FIbo of the 5th Wave. Apply due diligence.

ForexGrandMaster

If price breaks the weekly Pivot, it goes LONG otherwise it goes all way down to 1.3766 to complete the Gartley on the monthly chart. Exercise patience for the breakout.

ForexGrandMaster

Waves within Waves, Short the 5th wave of the 4th Corrective move trading within the channel up till 61.8% Fibo level at price 0.8965, then Go LONG from this level to breakout the channel resistance 5th wave (impulse) on the Weekly chart. Apply due diligence.

ForexGrandMaster

I made an analysis on this pair about 2 weeks ago using the weekly chart. Price is currently consolidating in a descending channel for the 4th wave (corrective). It bounced at the 38.2 Fibo Level of the 3rd Wave. Price might still correct to the 50% level before heading North for the breakout. Wait for proper breakout of the channel resistance to go North up to 2.54

ForexGrandMaster

GBPCAD making the 4th EW corrective move on the Ascending Price Channel. Price might deep up to 1.920 level which represents 61.8% Fibo of the 3rd Wave. I will continue the SHORT position up to the 50% Fibo Level then Look forward to a LONG position if price fails to break below 1.920 to complete the 5th Impulsive wave.