This pair is still in accordance with the analysis some time ago. The SR Flip area becomes a strong enough area to withstand the bearish pressure. The possibility of a strong price will be bullish with 3 targets that can be achieved. Adjust your analysis & money management to follow this analysis.
If you see this, a double top can occur and the current price forms a bearish channel pattern. Added with Elliot Wave notation, the possibility that happens is in the A-B-C correction period. Find an opportunity for short when the price is corrected bullish approaching the trendline
Eurusd analysis runs according to plan to date. Prices go down to the SND area. We will see more what will happen when the price is in the area. If you look at the thick bearish candle today, the possibility of the bearish trend will continue
Seeing the current Dxy structure, there is a downtrend channel in which there is also a triangle expanding pattern. Seeing patterns like this, the possibility is Dxy while the time will bullish up to the pattern that I describe on this chart.
After last week this pair shows a strong bullish, next week there is a possibility of a bearish correction with a target in the SR Flip area where the area is parallel to the Fibo Retracement notation 0.382. the possibility of a strong price will go to the area before continuing the bullish trend again
If you look at the market structure that occurs in Wave B, the possibility that happens is the correction of A-B-C-D-E and the possibility in the next few days consolidated before reversal occurred. I am of the opinion that the bullish trend has been broken, because the price has fallen more than 2 Snd and sees the next price structure is the correction structure,...
at this time, if you look at some of the existing parameters, the price is in the SnD area and approaching the bullish trendline area. we better wait to see what will happen next week. 2 scenarios exist where the bulls are back in control or the bears are continuing the trend. better to wait for some confirmation that could happen.
analysis a few days ago has reached the target. if you see a dominating bearish candle, chances are that next week the bearish trend will continue. there is an area that attracts attention, where the SR Flip intersects with the SnD area and also the 0.382 fibo note, chances are the price will fall in that direction.
the D1 trendline as a strong support area is still untouched and the price looks bullishly corrected. the possibility that what will happen is the price approaches the SR Flip area and falls back to the trendline support area and then continues its bullish trend.
This pair is forming a bearish channel and now it looks like the price has been corrected from the trend. at the close of the week the price forms a new HH and possibly a rebound in the SR Flip area and is bullish to the SnD area above approaching the trendline channel
USDJPY's journey is in accordance with last week's analysis where the price was stuck in the support area and now it is corrected and enters the fibo 0.382 area. If you look at the close of this week and a fairly strong bullish candle is formed, and the price pattern is lined up on a curved line, it is likely that strong bullish will still dominate after this.
looking at the existing market structure, the market may form a-b-c correction pattern with the possibility that wave B will approach the SnD area before falling again. if you look at the fibo retracement area, there is an SnD area that intersects with the fibo area with pretty good accuracy at notation 2.618. areas like this usually in the future will be...
after the price formed a bullish channel and was broken by the bearish trend by forming CHoCH, currently the price is in the resistance area and there is a possibility for a correction to rise again to the upper SnD area before continuing its bearish trend.
the price has fallen through the strong support area. at this time it can be seen from the composition of the candles that form many shadows, there is a possibility that the price will be corrected up before continuing the bearish trend back to the SnD area.
the price managed to break the bullish trendline and form a bearish structure for now. If we pull the Fibo extension, the price is right at level 1. There is a possibility that the price will still go down to Fibo 1.618 where this area also intersects with strong support.
After I released this analysis on June 29, the price of Gold Bullish to this day touched the resistance area which was strong enough. If you look at the existing market structure, with the price always make a new HH and always supported by trendline, it is likely that the bullish rally will still occur despite the possibility of a little correction.
This analysis is still in accordance with the analysis some time ago. The price touches Fibo Extension 1 and still continues the bullish rally. currently forming a bullish channel with a target of 0.786
silver's movement still tends to be bullish, although in the last 2 days there has been compression where the candle that is formed is small and lacking in content, but structurally it still forms a new HH. there is still a possibility to continue the bullish trend slowly.