Expecting this pair to continue climbing up. The previous week mentioned correction and up movement. Everything was accurate. Consequently, the price drew the 1st wave (red) of the bigger wave 3 (blue). However, 1st wave (red) seems to be leading diagonal which has ended this Friday. Therefore, I will enter in longs after small correction to 2nd wave.
Expecting this pair to continue decline after correction. Price completed 3rd wave (green) and seem to be retracing from 1.618 fibo level because a 3rd wave is always equal to 1.619 fibo level of a 1st wave. Therefore, I will short this pair after correction in 4th wave (green).
I am expecting this pair to continue down movement during the upcoming week. Price completed the 1st wave (green) and 2nd wave (green) of bearish 3rd wave (red). Moreover, if you take a look at the last candles on this pair, then you will see that price struggles to break that level. And as far as I see, the point is that they are fibo levels (0.5-0.618) which are...
Expecting OIL prices to continue climbing higher because we have price in channel and rejection from significant fibo levels (0.5-0.618). Also, we have start of last 5th wave (green) of bigger 3rd wave (red).
Price is in channel. Moreover, seems that 3rd wave has been started, therefore im expecting this pair to climb higher. Also, we have some confluences with Dollar index, see my last post about it.
That's the reason i am taking this trade.
2nd wave (green) is completed which was extended. And rejection from 0.5-0.618 fibo levels. Consequently, we saw stong bearish impulsive waves during second part of last trading week. Expecting price to reach 1.618 fibo level of 1st wave. But we may see 2.618 fibo level too. Because 3rd wave seem to be very strong.
2nd wave was very tricky because firstly, it seemed that we have simple ABC correction, but after correction in 2nd wave extended in WXY. Therefore, we had to get few stop losses, but in the end right trade was caught. Therefore, i am expecting this pair to continue bearish movement.
During last weeks price completed leading diagonal structure in the 1st wave (green), after which price completed 2nd wave (green) rejecting from 0.382 fibo level which means that we may see strong bearish continuation in 3rd wave and bigger 4th wave.
During next hours expecting this pair to go down. Price retracing from 0.5-0.618 fibo levels, therefore we may consider this wave count correct.
In next hours we may see 3rd wave (green) which belongs to bigger 3rd wave (red).
Also, nice risk reward ratio. Moreover, bearish price channel is determined.
Expecting this pair to continue down movement during this week. However, during this week we have GBP interest rate news. Therefore, expecting high volatility on this pair. Generally, price is in 4th wave (blue) of bigger 3rd wave (green).