We take a look at USDCAD pair that has been dropping now for a long number of months.
A closer look at the pair seems to show that we are in a long-term flat correction, therefore trading within a range.
It is not yet clear in which direction this pair will breakout, but for now it seems we remain in the range.
Our bias is that we will...
We take a look at EURUSD with the pair possibly presenting the Bearish Shark harmonic pattern. We assume that it is indeed a Bearish Shark considering that the C-Leg retraced the A-Leg by 161.8%.
We therefore expect this pattern to complete anywhere between 1.22000 and 1.23000 since these levels are 88.6 and 113% reversal levels for the...
Good day. We focus on NZDUSD which has presented a possible Nen-Star pattern.
Should this pattern succeed, we will expect the pair to reverse, most likely around 0.73024 & 0.73217, which happpen to be 113 and 127% corrections of our initial X - A leg.
It is important to also note that the above mentioned range will also act as a test for price as it...
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AUDJPY has reached the round number 77.000. These levels are very attractive to the market and it tends to breakout or reverse near them. With that being said, we also have a newly formed resistance at the same level leaving us to wonder what exactly the market intends on doing.
It is clear also from the...
Feel free to like or comment on this idea. NZDCAD has formed the ending diagonal pattern coupled with bearish divergence. This signals that bullish momentum has dropped significantly and we may expect a short move soon. It is possible that we may experience a big, sharp move long before any reversal that is why we wait for confirmation before taking our...
Feel free to like or comment on this idea. EURAUD has given us a triangle formation with our harmonic pattern nearing 161.8 ..We will wait for the move to play out in order to confirm whether it is a corrective structure or indeed an ending pattern followed by a subsequent reversal
Could it be that instead of an ending pattern we may be experiencing a minor correction?? These are very challenging scenarios that truly test your edge as a trader. Presented with such a challenged, I usually opt to see how price reacts once we break out of the triangle. It is always important to trade with the market, not against it.
Again we have a harmonic pattern, TDI divergence and an ending diagonal this time pointing to a bullish possibility. The rule of correlation assumes in this case that AUD and NZD pairs may be in trouble.
With great bearish divergence on both the Daily and 4Hour charts, coupled with our bearish harmonic pattern and what is commonly known as the ending diagonal, we have great reason to believe that AUDUSD is showing strong bearish possibilities. We will keep following and only take the trade once we have gotten our confirmation.
NZDCAD D1 has been showing choppy rather than trendy movement, leading us to believe that we are curently retracing. A strong argument to support this idea is a wedge pattern formed on the D1 chart that we are currently within. We have reached a strong resistance area of the wedge while also completing our Harmonic pattern, the Bearish Nen-Star, giving...
Welcome again to my analysis. AUDCHF has been trading in a rectangle range commonly known as the Bullish Flag. We have met resistance here at the same level where our Crab pattern has possibly completed, providing us with great confluence and a strong bias for the Short move. We expect this pair to complete another short move forming the E-Leg in this...
If you find this idea useful please support with a like. CADJPY has formed the BAT pattern and there is huge possibility for a reversal. We will wait for a confirmation of the reversal before taking any further action. Enjoy!
Deep Crab pattern on the USDJPY pair. Here we are presented with a great bullish possibility and an opportunity to enter this pair long. We will use a tight stoploss which is placed just below the demand level incase that zone is breached.
You may encourage and suport the author by liking this idea. This pair has presented us with the Bearish Nen-Star pattern just after touching 0.67000 price level. NZDUSD may rise again to retest yesterday's high before proceeding with the bearish move. The 0.67000 to 0.67500 is also shows a huge supply area on the daily chart which provides us with some...
Please like the idea to encourage the author and show your support. Price has completed a bullish Shark pattern also retesting the 0.70000 psychological level that had created a solid support with the X-Leg. The bullish move is a strong possibility for AUDUSD at this time which may look to retest the trendline formed at the recent highs. FX:AUDUSD...
This is my view of EURAUD after the pattern formed a bearish Butterfly pattern. We can expect this pair to drop after completing a huge extension of the bullish move and meeting great resistance at the 161.8 X-D leg. My analysis does not constitute financial advice, also, this idea reflects a strong possibility and not a definite outcome.