On daily timeframe, we can see a support with two touchs, trend has down and now in congestion.
The congestion is triangle pattern
For more detail, zoom in 4h
Zoom in 1 hour, price has make lower high, break e leg trendline then make lower low,...
Weekly, trend is down, rally up trend with long wick candle, trend is likely going to move down.
Daily timeframe, price touch the zigzag channel and reverse. But now price still in the C leg channel, not yet break. Momentum is strong with the long body red candle, and the price has not reach the lower C leg channel, so the...
On 4h time frame, EURJPY has forming ABC correction down wave after previous uptrend. Wave C has 5 wave structure not overlaping. wave 5 of C is ending diagonal. price has broken above wave iv of 5 and trigger entry. Long!
Trend has moved up with 5-subwaves structure. Now it is in progressing of correction. The correction has C leg pattern 3 structure.
Buy break above subwave d, stop loss below subwave e. This pattern is very reliable.
Pairs has moved up. Wave I has 5-wave structure, wave II has triangle pattern. Now pairs is in progressing of wave III. In wave III, look on 30-chart, wave 1 of III has ended, wave 2 of III likely is triangle pattern.
Buy stop at right above subwave d of 2, stop loss at the termination of subwave e of 2.
AUDNZD has moved up with 5-wave structure, labeled I. Now it's in progressing of correction. Look focus on correction wave on 30-min chart, I recognise it has combination structure: double three-triangle-flat. Focus on flat, c leg of flat has 5-wave structure and equals 1.618 a leg (most common related fibs of flat). These suggest that the flat and also entire...
On 1-hour chart, strong wave moves up which can be subdivided into 5 waves, its labeled wave I. Next correction has ABC zigzag pattern (labeled wave II) with wave B is flat pattern. Now i try to forecast the termination of C leg.
Usually, in zigzag, C leg equals to A leg. In this case, if C leg terminated at level which equals to A leg (about level 1.10034), the...