We have a breakout of a ranging zone. Looking to take the retest for the measured move
AUDCAD has been stuck inside a consolidation range of 24 pips for about 7 days now, now the price has closed above the zone at it's very possible we could see a high possibility of an upside break.
EURAUD Is making new lows suggesting that a Head and shoulders pattern is forming at the end of this long bullish Run indicating a potential reversal for the EURAUD market.
GBPUSD is showing signs of an Elliot wave in progress. Giving strong bullish indication with the trend break and retest also.
USDJPY Has broken structure and made new lows so now we can expect a correction to highlighted zone for best possible entry and an impulse to fib extension levels.
From this analysis, we can see a bullish falling wedge has formed with a double bottom at support. This is giving me confidence for a strong bullish movement incoming. Confirmations of Long Entry Falling wedge Daily Impulse Correction Double bottom at support with the neckline at resistance Break and retest of a double bottom or trend line for entry
USDCAD has broken out of its consolidation range and has given a nice retest of the previous structure of price within the 61.8% fibo zone. WIth bullish movements of this zone will indicate a new impulse in the market to take it to the upside.
A potential trade opportunity with massive gain
EurJpy has Been on a strong bull run over the previous weeks Breaking out of a price channel and has now come back for a retest with huge confluence building giving a high probability trade entry. However, as this is Easter weekend we can expect little movement until next week midweek. Confirmations for Long Trade: Hidden divergence suggesting...
If we can Get a large candle to break the green highlighted zone with a retest we can expect it to fill the wick in which buyers have been trapped in. Confirmations for trade: Large candle breaking zone Retest with candlestick confirmation(rejection/reversal pattern)
Confirmations: Candle close/long wick in fibo zone break and retest
With GCAD respecting price structure and creating a Descending triangle I am anticipating a break and retest of the highlighted zone for a high probability trade.
GBPCHF has completed 3 drives up to complete and Elliot wave bullish drive. This potential headnshoulders pattern could produce 3 waves down for a reversal.
GBPAUD looks like it is setting up a textbook midweek reversal showing signs of long opportunities on the higher TF. If this zone does not hold for the long can expect GBPAUD to break and retest to the next zone
GBPAUD has been struggling to break below the Support, With Large divergence forming on the H4 timeframe and structure being formed and respected I am bias to seeing a long impulse coming. I see either of the two scenarios: Price Breaks through zone and retest to start its bullish run it respects the zone and pulls back to give second entry into the trade to Form...
Looking to take the market up to the highlighted zone following the current market structure and zone rejection lining up with fib reversal zone. TP 1: -27% TP 2: -50%-61.8%
With Euraud Respecting the lower highlighted Zone, we can potentially see a right shoulder forming with the rejection of the zone to reverse the market moved into a bull run for this week.
Price is pulling back to the entry point for cypher which triggered late Friday before close. Seeing how strong price reacts to that zone in the past I am expecting the price to retest previous engulfing candle/ entry zone and move towards the Cypher TP zone in which we can look to follow the trend downwards for a short opportunity around the fib confluence or the...