GOLD has tested 1260 zone and has not been able to breach below and currently on the upside. Double bottom from was probable, however caution required between 1260-1305 consolidation. In my previous post the outlook is still in play: XA= 1261-1305, B= 1280, C= 1285, D= 1248(127%*XA)/1233(162%*XA) The B leg was a little premature at 1280 however B =...
GOLD likely to retest 1260 zone which could also be a potential double bottom break below 1260= 1250-1240/1235-1225. 1260 = 62%(1205-1357) XA= 1261-1305, B= 1280, C= 1285, D= 1248(127%*XA)/1233(162%*XA) break below 1235-1225= 1205/ 1175/1122 upside resistance= 1280-1305/ 1310-1325/1335-1350 breakout above 1357= 1375-1425.
AUDUSD at 7626 could have had completed a CRAB : XA= 7808-8125, B=7940(62%), C= 8103, D= 7626(7612=162%*XA). Price confluence probability= support zone : 1. 7626= 62% OF 7327-8125 2. Crab= 7733-7897=XA, B=7818,C=7884, D= 7626(162%*XA)
From the previous post EURUSD has not been able to break above 11880 (50%=12092-11670) and has now breached 11660 and current low of 11616, 6 pips away from 1st price zone 11610-11560. Lower prices are likely probable and 2nd price zone 11420-11380 could be the next stop, however there are a couple of price relation that could potentially stop this downside: 1....
GBPUSD did not complete BAT(ALT) SCENARIO, however completed the AB=CD 13365(13380) And has been in consolidation from 13380. There are 2 PATTERNS that are probable: 1. BAT(ALT) is still valid as long as 13027 is not breached to the downside, break below 13026 then 2. CRAB in formation where prices getting to 12870 = 162%*XA or AB=CD 13026(100%)/12957(127%)/12870(162%)
GBPUSD completed C leg @13122 and now in the D leg BAT price zone = 13580(886) ALT BAT price zone = 13735(113%*XA) However if it fails BAT/ALT BAT COMPLETION then AB=CD= 13365/13420/13520.
2 PATTERNS IN FORMATION: BLUE IS A BAT, BREAK BELOW 8750 WILL TARGET 8400(886) WHERE AB=CD (100%) BREAK BELOW 8300 THEN WILL INVALIDATE BAT PATTERN. GREEN = BAT XA=9300-8750, AB= 8750-9030, CD=9030-?(8800), BREAK BELOW 8750 THEN BLUE BAT WILL BE VALID. IF GREEN BAT THEN ONCE C IS COMPLETED D= 9250.
GBPUSD HAS TAGGED 1ST RESISTANCE ZONE 13235-13265 WHICH IS ALSO PROBABLY THE B LEG AND NOW IN THE C LEG. XA= 13657-13028, AB=13028-13262, BC= 13262-UPTO 13050, BREAK BELOW 13028 THEN C LEG WILL BE INVALID. 13028-13262 SUPPORT ZONE: 13175-13150/ 13120-13050. BELOW 13028= 12775 ABOVE 13265: 13310-13330/13400-13440/13520-13580
THERE ARE MULTIPLE PATTERNS FROM 12092 THAT HAVE COMPLETED OR IN PROGRESS: FROM 12000-11669 IS OF INTEREST AS IT IS IN PROGRESS AND IT HAS TAGGED UPPER PRICE RESISTANCE 11850-11870(11880) FROM PREVIOUS POST. THERE IS A CONFLUENCE OF PRICE AT THIS ZONE 11850-11870. MULTIPLE PATTERNS FROM 12000: XA= 12000-11669,AB=11720-11830, BC=11830-11669 D=...
GOLD REVERSED FROM 1261 WHICH WAS THE LOWER SIDE OF PROJECTED PRICE ZONE 1300-1260. BELOW 1295 CONSOLIDATION STILL PROBABLE AND RETEST OF 1270-1260. BREAK BELOW 1261 = 1250-1235/1225-1200, BELOW 1225-1200= 1175-1122. BREAK ABOVE 1295-1300 RESISTANCE ZONES= 1310-1325/1335-1350, BREAK ABOVE 1350= 1375-1425.
GBPUSD from 12775-13657 has probably completed the consolidation at 13028 which is about 618. upside resistance: 13235-13265/ 13300-13365 Break above 13300-13365= 13473-13522. Consolidation between 13028-13300, break below 13028= 12775.
EURUSD retested 11663 zone where it reversed from 11669 on Friday. Price breached resistance at 11750-11710 and back up above this zone,upside resistance: 11800-11830/ 11850-11870/11900-11940. Break above 11800-11830= 11850-11870 or upto 11900-11940 zone. Below 11800-11830 then lower support zones: 11750-11710, break below 11660= 11610-11560.
AUDUSD has completed multiple patterns blue=alt bat, green= shark, red= ab=cd. AUD is forming a complex consolidation however break above 8125 then expect higher prices. Upside resistance zone: 7900-7920/7960-7990/8050-8090 Break below 7780= 7720-7700/ 7620-7580.
GBP exceeded my price zone by 40 pips 13223, this is also a 50% fib level of 12775-13655 break below this level 50% will likely target 618= 13113 or lower (13100-13050). Consolidation probable from 13655-13223 therefore upside resistance: 13300-13350/ 13390-13420/13490-13540.
EUR has tagged 11750-11710 zone and exceed by 14 pips to 11696 Downside still probable support 11710-11660, break below 11660: Support 11610-11560. Current upside resistance zone: 11800-11830/ 11850-11870/11900-11940/12000-12050. EUR in consolidation therefore lower support 11710-11660 still active below 11660= 11610-11560. Break above 11800-11830 then higher...
From 1357 gold has retraced into the 1300-1260 zone 1268 being the low yesterday. Consolidation of nearly 90 point from the high 1357, support 1250-1260. expect consolidation between 1357-1260 Resistance zones = 1290-1300/ 1310-1325/1335-1350. Break above 1357= 1375-1425. Break below 1250 = 1235-1225 Crucial support 1225-1200, Break below 1200= 1175-1122 not...
GBPUSD TAGGED THE UPPER PRICE TARGET @13650 AND HAS SINCE DROPPED 200PIPS TO 13450 YESTERDAY FROM 12775-13655 THIS IS NEARLY 1000PIPS... NOW WHAT EXPECT!!! CONSOLIDATION LOWER= 1ST CONSOLIDATION ZONE 13335-13265 BREAK BELOW 13265 = 13150-13000. TP1(382)= 13320 OR TP2(618)=13120... GBPUSD ANALYSIS STARTED FROM JUNE 21ST... ENJOY THE JOURNEY.
EURUSD HAS COMPLETED EITHER A CYPHER OR A DOUBLE AB=CD FROM 12092-11837-12034. IT HAS ALSO CONSOLIDATED THE 11837-12034 TO 11862, THESE ARE ALL CONSOLIDATIONS/CORRECTIONS UPSIDE RESISTANCE 11965-12000, BREAK BELOW 11837-11820(11800)= 11750-11710 BREAK BELOW 11710 WILL RETEST 11660. BREAK BELOW 11600= 11610-11560. BREAK BELOW 11560= 11420-11380. WILL EURUSD GET...