Possible inverse head and shoulder pattern is discovered. Wait until it breaks out from downtrend line and buy it @ pull back. 100+ pip opportunity.
We may see Euro sell-off next week. The current level is great sell area for EUR, place stop loss above the supply zone. Low-Risk high Reward opportunity.
Hi traders, GBP has been bullish recently and now it may be got gas to go to the moon. The cup and handle pattern is a bullish pattern that you can see better in lower timeframe. We have a US Fed meeting and GBP rate decision on WED and THU so we may see clearer direction for GBP by the end of this week. Good luck traders. May trend be with you,
Hi traders, EUR is trading within the range creating a triangle pattern. I believe the support zone will act as strong resistance making this a bearish sign. Clearer direction will be seen after FED meeting tomorrow, so stay tuned.
EUR/JPY finally broken downtrend channel that's started from March this year, credit to ECB rate cut. We may possibly see some retracement from the support zone waiting for @120.07X area. 80+ pips sell opp.
A possible scenario for the Cable trade for weeks to come. I believe recent retracement is dead cat bounce / corrective wave before October Brexit like FED raised rates after 2008 to only lower further. I am expecting the Cable to reach point "C" of Elliott Corrective wave / 50% of FIb, from high of this year. I believe run to point "A" is now completed, We may...
EA is still in the up-trend channel. The uptrend line is saved. Now it will most likely head to point "C" of ABCD pattern in a few months. This uptrend got more gas to push EA up!
First short target was violated, here is a 2nd short opportunity. 108.5XX area is another great short area. We may see a reversed head and shoulder pattern if UJ reverses from supply zone in the chart. GL traders!
First ABCD cycle for Aussie was extremely accurate, possibly we can apply the same strategy for another coming month. Wait until Aussie reaches at least 60% of Fib level/supply zone then short AU.
Expected the cable would go down but 1.122870 acted as strong support for ECB rate cut and confirmed we are still in an uptrend. New higher high target is 1.1243XX
Ninja analysis. The pair is up from recent triple bottom formation. It will possibly retrace a bit and then go up again.
some pullback then long to (4) of the wave, then short.