g2rafael

g2rafael

OVERBOUGHT CONDITIONS ON GBPJPY CORRECTION CAN GO DEEPER TO 138 LEVELS

g2rafael

Update on EUR/NZD. Looks like the corrective structure just completed wave A and B and potentially next week we will see the wave C to take place on the 1.618 fib extension. Only for educational purposes.

g2rafael

Market has reached a monthly support level around 1.69500 level and potentially can move up to 50 - 60 fib level before any further downside can resume

g2rafael

Looks like we are going higher from 2021. Updated Chart soon

g2rafael

What we can see happening with Bitcoin is a break out of the wedge plus inverse head and shoulders. Using fib levels we can conclude that there is a potential of price to reach again the 20k levels especially now that we do have a devaluated USD, This is just for educational purposes only.

g2rafael

We are potentially entering the risk off period where we will see a shift into the market you saw during summer. My overview on the pair remains the same just moved the dates. This is only for educational purposes only and trading is risky.

g2rafael

Only for educational purposes.

g2rafael

We can see that the market made a new high this week but with negative divergence on the 4h chart. Do not forget that this market is following what is happening with the stock market and the indexes like SP500. This 5th wave of market correction has matured this week and potentially in my opinion it looks like this upcoming week we will see big sell off and risk...

g2rafael

Nothing to change here still seeing same outcome only the timeframe changed so far. I believe there is a possibility to see a big three waves impulse downtrend down to fib extension 1.618 levels. This is only for educational purposes only and not advise.

g2rafael

So what happened last month is that the market did a big correction to the upside as we closed previous month candle with a big wick. We do have a double top now. We can expect the market to retrace to 134 and test short term support. A break below 134 can send the market down to 128 130 area. This is only for educational purposes only.

g2rafael

So in the end the market decided to do the correction to 50-60 fib levels on 5 swing waves forming our right shoulder on the head and shoulders bearish pattern. From here after tomorrow's final trading day of the week we can potentially see the market falling sharply next week and sellers coming back from their holidays for the next big move in the market...

g2rafael

Good morning to all, So as it seems here the market has created on the corrective structure a double top on the right shoulder of the head and shoulders pattern that we have forming in the market. Let's see how the market sentiment can potentially modify from here. This is only for educational purposes only.

g2rafael

So here is what we have on the market on a daily chart. As you can see forming another head and shoulders pattern. For some reason this market likes it a lot :) I am expecting next week to start falling sharply in order to go lower to 129 130 area by end of the month in order to complete the pattern. After this move I will expect the market to retrace between...

g2rafael

Here is the weekly picture of the market and what I see. This is just for educational purposes only.

g2rafael

So as we can the the market slowing is making lower lows and lower highs so far. It's is a slower trend as the stock market after crash went up again so for this week we can see some of those movements happen. Also this week there are still Brexit talks to finish today and maybe Friday if they do not cut it short tonight once more. So to me the market is...

g2rafael

So it seems like we are done with the correction when the market came down from 139 area. This week we had a slower reaction to reverse as there been some Brexit talks holding the GBP higher. This week there is a good chance that talks will go nowhere once more as it is well known that the UK does not like a trade deal as we can clearly see already started to...

g2rafael

As we can see the market just completed what looks that have been a correction after the big drop to the 50% fib levels. If we see confirmation reversal the potential targets can be anywhere between 130 and 127.30 using extension. Let's see how it goes until the end of the day. All this is just for educational purposes only.

g2rafael Updated 

Trade war news coming up, brexit talk, GDP announcements coming up. Do not forget we already had negative CPI in UK 10 days ago. Excitement from economy reopening will slow down and we get back to reality. This reminds me of a bow stretch before shooting with it the ball. Once the ball hits the wall with big force it always come back straight at you. I marked...