The OANDA:EURNZD consolidation seems to be at its final stages. On the 60min chart, a consolidated divergence is in play, and what seems to be a 4th wave seems now to be at its final stages. As per the rule, wave 4 should not run below the end of wave 1. Keep an eye on this pair for the big up move which could come in the form an impulsive wave 5. A good...
On the OANDA:NZDJPY pair, a nice short opportunity is coming along now. The pair has finished its upside structure and has retested previous high in a classic bearish butterfly formation. This is a really good shorting opportunity, with an excellent R/R as the chances are that the pair will go all the way to retest the trend line on the weekly timeframe (scroll...
The pair is consolidating in a more complex Flat formation, but we still believe the next short-medium term movement on OANDA:NZDJPY is downside. On the cautious side, one could wait the break of the flat and short the break after the first flag consolidation. However this seems to be a very short lived running flat, so one could also short the first 60min flag...
EURNZD broke previous trend line, but uptrend is still valid. As a matter of fact, EURNZD seems to be going right for a 5th wave of an impulsive 12345 wave pattern. Long at the moment, stop before previous low, and first target in the 1.68 area. On the more cautious side, wait for the first impulse to complete, wait for a small correction and buy on the break of...
We believe that OANDA:EURNZD is ripe and ready for a big impulsive movement to the upside. Buy opportunity range between the 1.562 - 1.564 area. SL below 1.56 Target in the 1.88 area (medium term) If you prefer operating more on the cautious side, wait for a first impulse on the 60min timeframe, follow the consequent minor correction or flag, and buy the break...
is ready for more up move. A big impulse is close, with a huge potential. Weekly overview down below. 4hr timeframe chart and setup plan coming in a few minutes.
AUDNZD has broken the downward corrective structure we have forecasted, which means price completed a (slightly) different structure, in reality. However, the bigger picture has not changes, and we believe that AUDNZD could still be in time for a strong up move, which could begin any time at this moment. We don't see any buy setup as yet, so the best suggestion is...
Similar movements on virtually all GBP pairs. GBPNZD, in particular, has broken all structures. If you have not yet sold this pair on one of the previous breaks, don't worry - there is a nice opportunity coming along. Keep an eye on the corrective structure in development on the 4hr chart (you can break it down on the 60min. time frame for easier viewing), and...
After last week's firm impulse on the downside, you can clearly see that OANDA:GBPUSD is making, on the 60min chart, a nice corrective flag, confirming the down move. If you are not already in the trade from the break or earlier, because you have cautiously and correctly waited for the pair to show us its intentions, now it is the right moment to sell. Wait for...
CADJPY seems to have completed its long downward correction and is ready for the next impulsive movement on the upside. The pair had attempted to start said movement last week, but at the beginning of the current week, markets have (temporarily) overreacted to news regarding the possibility of an impeachment of the U.S. President., and western currencies have...
There is a really nice short opportunity on the OANDA:GBPNZD . Selling the break of the 60 min. flag after yesterday's downward impulse seems like a very good idea, as the structure has not changed after our previous analysis on this pair. First target on first trend line from previous lows and second target further down on second trend line of long term lows....
OANDA:USDCAD has broken an upward channel (ending diagonal) with a fast and strong downward impulse on the 60min chart. It could be the beginning of a big impulse which would take the pair all the way to the 1.16 area. Even if this is not the beginning of said major movement, it is worth taking the short trade as the pair is going for a retracement. Wait for a...
OANDA:GBPNZD is ready for a very deep pullback or reversal. Trade with a huge potential to the downside, possibly with a target all the way to the 1.7300 area (scroll down on the chart to see the rest of the potential price direction and target) Look for sell setups and breaks on the 60min chart. Trade with care and only with a tested strategy. Please don't...
A We're been following GBPAUD for a while now, because the short has HUGE, let me repeat: HUGE potential, with a final target in the 1.62 area. From the top where the price is now, with a channel trend line break and a very evident divergence with lower and lower volumes on the 4hr chart, we are in the sell right about now. If you feel more confident in waiting...
seems to have now completed a 3 wave structure and one more wave down is highly probable. A lot of divergence, on the 4hr timeframe. Sell which ever break you like and feels more comfortable according to your trading strategies, but this one needs not to be missed, as the potential to the downside is great and so is the R/R ratio. If you get the first break, for...
OANDA:GBPAUD . Selling at the 0.786 Fib of the previous downside movement seems like a good idea, as with a potential target in the 1.605 area the R/R and a stop loss above previous high, the ratio is just outstanding. If you prefer to have a confirmation, wait for an impulsive break of the previous upward channel, then a flag, then enter on the break of the...
OANDA:GBPAUD is tiredly crawling its way back towards the previous top. It is still unclear whether the progression will be given by 3 or 5 different movements, but eventually it will break the trend line that it is forming and will fall, also given the increasing divergence, so selling the break seems to be a good idea with an excellent R/R ratio. Stop above...
Eventually, the year-long correction will end, and OANDA:USDCAD will begin a huge impulse toward the downside, with targets in the 1.22 area or below. The question is: when is this going to happen? The answer is: no one will know, as no one has a crystal ball for this. What we do know, however, is that we always need to be ready for this movement, so between...