Gold is currently in a Wave 2 corrective structure. We are looking for a corrective rise to appointed levels followed by a strong downside. Keep an eye on this trade as it is very promising for major profits.
Best of Luck!
EURNZD is currently in a corrective structure. We are looking at either a flat correction or an expanded flat.
After the corrective phase is complete, we are anticipating a strong move to the downside to complete Wave 3 impulse.
Look for this trade in the coming days it should be a very big profit
Best of luck ...
NZDUSD is in a strong bearish sentiment at the moment. Currently we see the pair in a corrective structure that is looking to wrap up here very soon. We see corrective ZigZag in the works right now. Completion of this final wave will issue a strong Sell to the downside.
Let's see how this goes.
Looking at the GBPAUD pair currently, we see a correction status forming off the latest overall downtrend.
With that being said, we are looking to see a break out of daily Trendline, or the possible further drop. In order for this to happen, we are looking for the pair to break the bottom corrective trendline, in ...
Price is staying suck in this 4 hour channel very nicely.
Expecting prices to retrace from 4 hour completed ABCD
Prices are also bouncing off a previous Andrew's Pitchfork and bulls are losing momentum off the fall of the USD earlier today.
Will see how prices pan out the rest of the week
Prices are moving towards 50% and 61.8% Fib levels as well as testing the 100 SMA.
If prices rise towards the 61.8% Retracement and hold, expect a strong bearish move to complete ABCD
Prices my also hold at 50% Fib and 100 SMA, however the 61.8 level is the ideal position to short