GBPUSD is showing a bearish movement. it is now currently in a correction phase. I waiting for it break the correction pattern and move into the impulsive wave.
it has higher chances of forming a bearish impulsive wave.
Bullish impulse maybe a thing but has lesser probability because GBPUSD has just finished a bullish run.
A head and shoulder on the DAILY can...
AUDJPY has been correcting for a while now. i am looking for it to move to the uptrend for a while and then form a bearish movement. to form the bigger impulsive movement.
It can either start dropping from here or it can start to raise and correct for another wave and then move towards the impulse.
more on the smaller timeframe.
GBPCHF has been on a downtrend for a while. it has a great impulse now I am anticipating a correction. There are fewer chances of it to break the channel and go bearish. I am looking for a correction and a bullish movement.
I will have to drop down to lower timeframes to see more information on this.
the market is still ranging. there is no strong movement
best entry will be onthe retracement.
it is a sell order on the NZDUSD.
if it falls and trades elow the new formed resistance there is a possible hea and shoulder pattern.
i have marked all the possible moves for USDJPY. This will be followed for almost more than a week.
I am more likely to go short. waiting for proper entry points.
simple price actions and patterns.
my insta : @anjan.fx