Hello there, CADCHF is bearish at the H1 timeframe, aiming for the 0.58347 area for the drop of WXY leg extension of ABC. There is an open area at 0.58000 that could potentially influence the price to drop further. In the Second scenario: The price could potentially reverse, turning bullish due to unclear bearish waves for ABC. They are too steep on the way...
Good day, EURJPY has the potential to pulse up and drop at the H1, and bearish interest is more below this level (164.710). The price movement followed the ABC price sequence with the H-L-HH SND pattern, and with the waves maxing out, a drop is possible to go below the lower low. The bias is 163.713 to the low of 164.700, with two potential price targets. And...
Good day, GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area. However, there will need to be some attention in that area, as the price may drop to break (Y). The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern. 1.71117, 1.71000, 1.72500, and 1,73000 are the desired price...
Good Day, XAUUSD is ranging around the 2379 area. The trajectory is theoretically bullish according to an Elliot wave count from 2320 to the higher low of 2356.193. However, this is a high-risk setup due to candle-high pins. There is a risk for the price to spike down and then move up, or move up to 2414 and then turn bearish. Also, the price can suddenly and...
Hi There, The price of the ETHUSDT has dropped to 3300 and looks set to drop further to around 3100. A possible rebound is expected based on the low point of April 12, 2024, and the key level to watch is 3201.30 for a potential uptrend. There is a significant bearish trend on the Daily timeframe, and if the price falls below 2958.03 then the setup will be...
Hello There, The AUDUSD is on a bearish trend, holding steady around the 0.64500 supply area. The latest candle is showing some bullish movement above 0.64095, but a drop below this level could signal further bearish action. There are two price targets with a bias of 0.62883 as daily momentum suggests yet still more downward momentum. Happy Trading, K.
Hello there, Following the RBD, DBR, and LH, the EURUSD seems to want to push higher to 1.1 from the low of 1.07670. Candle Structure : The current candle opened bullish to the high of the third candle, a third candle that has a low above the high of 1.07878 of the April 1st 24 candle. Summary : So we have a strong bullish candle structure but a weak bullish...
Hello there, The BTCUSD on the monthly chart shows that the previous bull candle opened higher than the high of its third candle and engulfed the high of the second candle in a strong bullish trend, indicating a potential bullish continuation beyond this candle in the near future. The current monthly candle has a low that is higher than the open of the Mon 01,...
Hello There, BTCUSD pulses up the hourly chart, but we aim for a pullback, and the levels 67851.6 and 67087.4 will be the areas of interest for bearish momentum with a bias of 63694.5 for the completion of the BC leg to AB. Happy Trading, K.
Hello There, The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of 0.5173. However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback. The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened...
Hello there, Solana is losing bullish momentum at the 183.00 area. This isn't a clear price movement for now; either we see a drop near 177.83 and 180.71 will be the level of interest, or a break above 183.63 will signal a bullish continuation. For now, area 4 remains subjective until 177.83 clears out, making it Elliot Wave 2 to my count. Overall, the price is...
Hi there, CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area. And a potential drop from 21.00 could follow to 15.00. If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will...
Hello there Doge has pushed up from the 0.18617 low and is now losing momentum in the 0.20769 area. So we want to see the price go above that area, preferably to a higher low and close above 0.20790. Above 0.20790, there's potential resistance at 0.23222. The bias is towards the 0.28175 area, the target level is 0.26589. Now if the price loses momentum and...
Hello there, XAUUSD is looking bearish on the H1 chart as it approaches the trendline towards the 2320 area. Stay on top of it as the general trend is still bullish. The current candle opened under the 36-moving average, aligning with the momentum on the H4 and daily charts. To confirm a bearish signal, we'll need a second bear candle. It may retrace to the...
Good day, GU is bearish at the 1-hour time frame and needs to go lower to 1.26325 for a target area of 1.25165 with a bias of 1.24656. The price broke a low of 1.27000, with a supply area of 1.27500. The momentum is taken from the Daily previous candle close. Happy Trading K.
Hi there, GBPJPY is trending with weak bullish momentum from the 190.000 area, seeming to head up to the supply area. The price is anticipated to follow the traditional SND schematic and drop to the demand zone. The second candle is bullish to the active, and it is higher than its third with an open higher than 190.309; therefore, the current active candle has...
Hi there, ETHUSDT has the potential to reach the demand zone and turn bullish up to 3700. The price is currently kept bearish by the 3355.73 lower high, for a bias of 3205.39. On the bullish side, 3548.96 is a potential resistance area; exercise caution there. If the price breaks 3059.03, it will invalidate the whole setup. It's a beautiful week, calm, I hope...
Hi there, XAUUSD appears bullish at the 3-hour time frame, with the current three-hour candle opening bullish to the third candle and engulfing the high of the previous candle within a bullish range. The current candle is strong, but we anticipate a potential dip. In the event the price dips, the drop should not exceed 2129.946; otherwise, that would be near the...