NASDAQ just completed wave 4 of the 5-wave impulse. Price is testing support trend line. Market also in an uptrend.
As such traders are of the belief that the price will rally up to com [plete the 5-wave impulse.
GBPJPY just completed a leading diagonal and now setting up for a corrective wave, after an aggressive bounce from a weekly support area.
Traders can take advantage of the corrective wave before buying when the correction completes.
USDCAD just completed the X-leg and now setting up for a reversal to the downside to form the Y leg to complete the whole structure of wxy.
Watch for price action on smaller time frame for a short position(SELL)
USoil is setting up for a reversal after making it to our significant level of support of the triangle structure. Traders will be looking at smaller time frames for price action to buy Oil. Technical analysis allows you to keep calm during economic downturns. The charts and price are something you can trust at all times, because all traders worldwide see the same...
GBPUSD, Traders saw how the market completed the 5 wave-impulse and started a downward correction. It was fair to expect wave B and C after wave A. Currently we are about to complete wave C, as such traders foresee a rally in price for GBPUSD.
USDJPY is setting up for a long term buy opportunities.
Watch price action on smaller time frame for buy.
Been waiting for this trade since last year: Check my instagram handle for previous analysis: @phile_ltd