harshjapee

harshjapee

The GBPUSD triangle count looks to be intact till prices stay below 1.3460/70 levels going forward. Looks like wave e, just got terminated around 1.3425 levels. If the count is correct we should see prices breaking below the triangle support line quick enough. On the flip side a test of 1.3460 levels would still keep the bearish structure intact. Trading point of...

harshjapee

EURUSD story continues further and confirms a potential flat now. To keep the bearish structure intact prices are expected to remain below 1.1960 levels broadly. Trade point of view, remain bearish for now, stop above 1.1960 (intraday traders stop around 1.1885), targeting 1.1600 and 1.1550 at least. Good luck! Sincerely Harsh Japee

harshjapee

Bitcoin is approaching resistance zone quickly. The underlying has rallied as expected through 17700 levels till now before pulling back slightly. Resistance zone is between now and 18200 levels, also converged with fibonacci 0.50 and 0.618 levels. A potential Head and Shoulder reversal i seen here with prices just within the vicinity of the left shoulder....

harshjapee

Bitcoin drop from sub 20000 levels and breaks below immediate trend line support and also takes out/tests support at sub 16000 levels. We are not speculating on a potential impulse drop at the moment but at least expect a corrective rally through 18000 levels to meet fibonacci 0.618 resistance levels of the drop between 19200/300 through 16000 levels. High...

harshjapee

Gold story remains intact and unchanged fro what we presented yesterday, except for the fact that the metal topped out a bit higher than expected. Gold has just tested its immediate support around 1260 levels, a break lower through 1257 should be encouraging for bears since the counter trend line would also break then. A probable meaningful top looks to be in...

harshjapee

The US Dollar bullish story continues to remain intact for now with slight adjustment in the earlier proposed wave counts. The underlying remains into wave (3) of a higher degree with wave 1 adjusted here. Wave 2 of (3) is probably unfolding into a contracting triangle as shown here labelled as a-b-c-d-e. If this count holds true, then wave 2 might have already...

harshjapee

The short term structural story continues to zigzag before the final thrust lower in GBPUSD. Have presented a potential triangle count (please note triangle unfold slowly a-b-c-d-e, and each leg consists of 3 sub waves). As labelled here, todays' high could be wave e termination point and also wave (2) of a higher degree. As an alternate though, we have kept the...

harshjapee

The EURUSD consolidation continues for now. As highlighted, it is either carving a flat (higher potential), or a triangle (testing resistance trend line) before it terminates into wave 2 of (3). Overall structure still stands to be inclined towards bears till prices stay below 1.1960. Trading point of view, remain short, stop above 1.1960, target 1.1600 and 1.1550...

harshjapee

Gold story continues to unfold as sell on rallies for now. The yellow metal seems to have completed waves (1), (2) and (3) since 1300 levels earlier. It is now carving out potential wave (4) around the 1260/69 region. A push above 1270/71 would indicate it is set to change tracks; until that time it is good to sell on rallies. Downside seems to be 1230 at least...

harshjapee

The EURUSD story and structure remains intact for now. Taking on from last week, the pair has bounced off the lows but still remain well below critical resistance levels at 1.1860 and 1.1950/60. Till the time prices stay broadly below 1.1960 levels, look lower. As an alternate, a retest of 1.1860 levels could be possible, before bears are back in control....

harshjapee

The US Dollar Index might be looking to retrace lower for now but the overall bullish structure remains intact, as the story looks to unfold. A short term support trend line shown here could be a good measure to determine a bounce ahead of 93.30 or the underlying instrument would drop through 93.20 levels again before resuming. At least for now, the short and...