Okay lets start by saying the asian opening prepared with a little bit of waiting for the setup to appear.I realized that GBPAUD and EUR/AUD are positively correlated by 84% .And if you see the sell on the GBPAUD on M15 you will appprove what seeing. EUR/AUD is selling becuase the harmonic second leg is forming within the resistence levels found in the opening...
Nas100 has been performing great lately but does that mean the market will continue hitting straight bulls?
This is a M15 forecast for NAS100 which is a very bearish one.
Feel free to follow or comment regarding my analysis
EURUSD Scalping short term forcast
There is a divigence on the M5 timeframe that confirms a short term M15 timeframe movement.
The price is currently sitting on a bullish trendline slowly forming a W formation some of you prefer calling it double bottom but its basically the same thing ,the only difference is derived by the traders momentum of trades in the market.
As we change our view on this pair we can see that USDCHF has been selling for the past weeks. But that 4 hour sell trade that was released was just a weekly retracement.N ow that the retracement sell has been established the pair has confirmed a continuation of a weekly bullish trend.
