Super cycle on weekly is complete. Currently in correction phase of the whole impulse wave down. 1st correction wave is also complete with 3 impulses. Potential for ZigZag correction. Second wave of the correction will be complete at point C. From that point another 5 wave impulse should begin which would correct the entire wave from the super cycle. ...
Pair is trading in a fixed range and looks to be in accumulation phase.
EURGBP currently on a sub cycle 4th wave to rally to previous high to complete the 3rd wave of higher cycle.
All details on the chart. I have no targets only a wide stop loss. Will watch for price action. Building position around round numbers. Volume also Picked up on the second day of the Bullish engulfing pattern.
Bullish Divergence with the Stochastic is forming on the AUDUSD. Support level is 0.78300. Buy on a valid confirmation. I would like to see atleast one bullish candle closing above the high of the current candle to take long on this.
Bullish Shark Pattern on CADJPY 4 hr. Take profit this time should be non conventional at 61.8 retracement as shown.
Bullish Cypher Pattern on NZDCAD 60 min. Targets mentioned on the chart.
Kangaroo Tail on the weekly chart. (Ref: NAKED FOREX book). Its basically a pin bar with certain conditions. Price may correct to 1.5000 levels if deeper correction then 1.3000
Perfect Gartley on GBPAUD. Take profits as mentioned.
Perfect BAT pattern on NZDJPY. Sell below the support for safer trade.
Perfect gartley pattern on the EURNZD. Take profits at TP1 and TP2. Price might test the PRZ again.
Cypher pattern is forming on USDJPY. The ratio for the second half is not perfect. But it was NFP day. Not much move. Pattern might complete later with perfect ratios. For now, Its at a potential reversal zone (PRZ) and my target is 110.00
Strong bearish divergence forming on the weekly for nifty. Expect a correction soon from 10000 level.
XABCD Wolfie pattern is forming on USDJPY. Target as mentioned on the chart.