Market made Weekly pinbar with Wave 1
Wave 2 retraced back to 89% Fib level
From there Wave 1 of Wave 3 started some days ago
Since then market was in a corrective channel, after an anticipated fakeout of the channel the next impulsive wave started
Currently at the beginning of Wave 3 of Wave 3
Price Action on 4H with Engulfing Pinbar
Entry was made on lower TF,...
Chart Looks a bit messy due to Fib levels
Market was until some minutes ago in wave C of wave 4.
Wave C moved to TL Support and pretty Close to 100% Extension of wave A --> Wave C = Wave A
Now wave 5 should start with target somewhere around 1.23800
Wave labelled on the chart
Small SL, good R:R
No Investment advice, just educational Analysis!
Market made a ABC correction near last longterm low
Wave 5 of Wave 5 of the Wave C is completed
different Fib Level were reached
Wave 4 was a triangle
Currently market is sitting on 1.20500 Level before GBP and USD News
Should have a strong upward movement from here, maybe with some fakeout to downside because of News
Low was anticipated in my last...
Weekly/Monthly Support Zone
Large ABC Pattern
5-Wave of 5-Wave of Wave C
Extended Wave 3 of W5 (RSI oversold)
Wave 4 = Triangle
Last Wave of downside movement is taking place to marked area
GBP News tomorrow
Look for 4H Buy Signal at 3. touch of trendline at 1.20300-1.20500
No Investment advice, just educational analysis
GBPUSD made a strong move to the downside
Extended wave 3 and a triangle currently as wave 4.
Should make one lower low with divergence across 4H indicators
Then we finished the 5.Wave of the 5.Wave of Wave C.
Could happen really fast due to FED & BOE rate news.
Watch out and wait for clear buy signal on 4H around marked area.
This is no investment advice only...
Larger Picture of EURNZD.
Had 5-Wave impulse down,
ABC-Expanded Flat correction is coming to an end
Currently in Wave C, Wave 5 of Wave 5 and Wave 5.
Could Turn south anytime
Maybe at 61,8 Extension @ 1,73600
Or sooner (now?) or @ 1,73200
Look for 4H Divergence and Sell signal!!!
For rest see chart
Finally finished wave 5 in wave 5 @ Horizontal Resistance
4H Pinbar with divergence @ upper Trendlinie
61 Fibo Retracement lines up with horizontal resistance
Weekly close could lead to double Top.
This is no investment advice.
NZD/USD made nice 5Wave impulse move Up
Last big move could have been wave 3, correction incoming
Currently made wave 2 of wave C, so 5 waves down to complete C
From there bullish Daily/weekly Momentum could continue
This is no investment advice, for educational purpose only.
Here is the big picture of the cable. There is a strong support zone @ 1,33000 , important diagonal trendline & 78,6% Fibonacci Retracement.
This should lead to a fast recovery, min. Target 1,37000, more possible.
Perfekt Entry would have been possible with touch of trend line and Fibo retracement in 15min Engulfing Bar. 20P Stop was possible, already 100pips Move.