FX:AUDUSD pierces through it Resistance around 0.765 on the 4H Chart
A bullish Bias is Adviced through out this day ( starting of 6th of June)
Advice: Active BUY
Takeprofit: 0.77 (Psych level)
stoploss : around the previous' candle low 0.762
The FX:EURUSD meets exhaustion onf the 4H Chart after a Huge day Soaring. It is expected that will continue downwards after hitting the Resistance around the 1.173.
TakeProfit (TP1): 1.169 Initially.
TakeProfit (TP2): 1.167
USDCAD on the 4 Hourly chart clearly enters a corrective wave, seeking to form wave (a) after finishing the 3 4 5 impulsive Elliott waves.
Additionally, there is also an emerging Cypher Pattern XABC where the market is currently pulling back, heading towards point D.
As of result, price is expected to retrace somewhere around the Designated point D before...
CAD/CHF 's Double top formation on the Daily chart has finished forming around the .78 level; market has failed to create a higher high while respecting that long-term resistance level.
For Elliot Waves, the market has been patiently making the 123 impulse wave pattern, and now it has to go south in order to form the 4th wave.
the 4th wave may go down as long...
the EUR/USD has finished forming the 123 of the current elliot wave, and currently is going short to form the next 4 wave.
price is expecting to plummet (drop) after it has succumbed (surrendered) to the 1.207 area. It is hence recommended to place a stop loss at that area
Price action is expected to drop while forming the 4th wave of the current Elliot. heading...
NZDUSD is currently struggling around the Resistance level around 0.734
It is possible that the Kiwi Soars forming a Double top formation, but It has a small probability to occur under this current situation.
NZDUSD is expected to continue going south, after finishing its current retracement, reaching a lower high of 0.734, which is no more than the 0.618...
Entry committed today around 1.18536 on the Daily chart of the EUR/USD.
Traders are advised to close half of their trade take initial profit around the 1.17515 (TP1)
while leaving the other half to be traced to TP2 around 1.16873.
AUD/JPY is going down on the 4 Hourly chart based on fundementals. Technicals support it, as it crosses through our set Entry Point around 87.859.
Traders are adviced to Take initial profit TP1 around 87.052
and set another trade open with a TP2 of 85.794
USDCAD is expected to reverse today, starting a bullish pattern for the rest of the week.
Take Profit with respect to Fibonacci levels is at 1.28.
Traders can make a multiple safe take Profit exits BEFORE reaching the Previously mentioned level.