UnknownUnicorn6971252

UnknownUnicorn6971252

If you liked the idea, kindly leave a like and follow in order to continue. After finishing 5 waves down as it's shown on the charts, you could see an expanding triangle at wave 5 (ABCDE), finishing wave E from this triangle, we can look for bullish opportunities from there. Zooming into the 1 hr t.f we could see clearly a new Eliott wave forming since 7 DEC 2021...

UnknownUnicorn6971252

if you like the idea don't forget to leave a like to keep updating. After breaking the downtrend upward on 17 NOV 2021, the pair rejected from a previous support area that turned resistance @1.8580, retraced 7 consecutive days without closing back in the downtrend, and increased aggressively to the upside to retest 1.8900. now as you can see on the charts how the...

UnknownUnicorn6971252

XAU/USD: After the big drop in GOLD in the last weeks, I think this is a correction before resuming our targets toward 1900 as a medium-term target, unless we see an aggressive break of this structure, zooming into the 4hrs T.F we can see clearly a channel forming on the E wave (with a bullish engulfing on the support of the channel on the daily T.F) so are we...

UnknownUnicorn6971252

GBP/USD: after finishing 5 waves down (wave 4 from the big move on daily) we can expect GBP/USD to retrace back and retest 1.3500 as 1st target. The pair might consolidate a bit below the resistance @ 1.3360 (which is Friday's high) before breaking up. to activate this setup we need a 4hrs close above the resistance resulting in an inverted head and shoulders pattern.

UnknownUnicorn6971252

Daily Closed as an inverted hammer on daily uptrend + horizontal support @1784 (bullish reversal). the bearish pullback on REAL YIELDS and 10-YEARS note YIELDS, we might see the GOLD @ the level shown on the charts, Unless increasing rates are gonna be soon we can see GOLD back to 1760. It's all based on the updates of the new COVID-19 variant and CB reactions.

UnknownUnicorn6971252

GBP/JPY: UK. Is looking for new measures concerning the new variant of COVID-19, so we could see weakness in GBP against JPY ( preferable on GU because USD is showing weakness against JPY). JPY Retail sales and GBP consumer credits are due tomorrow so we will react based on the data.

UnknownUnicorn6971252

GBP/AUD: Wave 4 finished on 1D tf forming a falling wedge and reaching the support with a bullish reversal. Looking for buys above 1.8570 (Double bottom formation) so better wait for a close above neckline. targets: 1.8630-1.8700

UnknownUnicorn6971252

Don't forget to hit the like button if you liked the idea. 1ST SCENARIO: After forming an inverted Head&Shoulders pattern on the daily TF, the price retraced and reached the support of the channel with a bullish reversal candle(inverted hammer). So we'll be looking for buys above 1776.50. (potential double bottom) targeting 1800 as 1st target. DXY finished the...

UnknownUnicorn6971252 Updated 

Wish you a PROFITABLE trading journey!! -EUR/USD was traded inside this area since JULY 2020 and breaking a 12-year downtrend (since 1 JULY 2008) -Now we are uncertain about this breakout if it's fake or if it's a new phase for the EURUSD pair. -for now, we still bearish on the euro targeting only new lows for the medium term. So concerning our study, the...

UnknownUnicorn6971252 Updated 

Wish you a PROFITABLE trading journey! - AUD/JPY was traded at the resistance area (red line) since 15 MAY. - Also, it started ranging into the red and blue lines (8 JUNE- 18 NOV) - a fake breakout was made above the resistance (red line) before returning into this ranging area. SO: -zooming to a 4hrs time frame, we see that the price formed a descending triangle...

UnknownUnicorn6971252 Updated 

Wish you a PROFITABLE trading journey! Last week, GBP/USD reached an important resistance level and fall down around 90 pips. Held 1.32 as support and bounce to the resistance at 1.3280. the same RISING WEDGE is being formed after reaching the same level (1.3280) so will history repeat itself?

UnknownUnicorn6971252

Wish you a PROFITABLE trading journey! -AUD/USD rallied around 23% over the last 5 months (Apr-Aug) - from Sep to Oct, this pair lost around 5% of its value before increasing this whole month nonstop (NOV) and the increase in value this month was due to the optimism concerning the vaccine and the risk-on sentiment in the market. - this decline was a RETRACEMENT ?...