Plotted some waves analysis. GBP is still looking for new high past 25th Jan peak.
Price broke out of the triangle and seems like price is moving upwards to retest the broken trendline. On 4hr TF i identified a Bearish Deep Crab to be completed near the broken trendline. Will post the analysis under comment.
Price seems to be rejecting from the upper trendline in a triangle that is forming. We could see and expecting price to move lower towards bottom trendline.
Here shown a completed Bull Bat. Price is expected to be making an ABC correction before further down move. Stop Loss : 1.5510 Target take profit : 50% fib retracement somewhere in the area of 1.5810/30
As described on the chart, we have a broken symmetrical triangle on 4hr chart. Awaiting to go long to complete Y and we could see a leg lower than 26th March towards target of 103.50 and 102.150.
A potential bearish bat on this pair. Still a leg lower towards 73.750 - 74.250. Technical Strategy Sell Limit 78.312. Stop Loss 78.65 Target TP1 74.250 TP2 73.750. TP3 70.60 (Multi months)
Here I identify a Bull Bat harmonic pattern that will be completed around $ 6660 area. $6660 area should end double correction from $11760 high and will see buyer. The new cycle is likely to start higher towards the area of $ 15,000 - $ 16,000. Technical Strategy: Buy : $6660 Stop Loss: $5903 Target : $15,000 - $16,000
Here's 2 scenarios for EUR/USD. 1) Descending triangle which price may Support at the green line or break further downside. By default the probabilities for it to break further down is higher but price may also bounce from green line Support and make a leg higher. If it breaks and close below green line, the next Support seen here will be 1.2050/70 which also...
Price coming to form either a possible Bullish Gartley (Black pattern) which D is at 0.7633 or a Bullish Bat (Red pattern) which is D at 0.7570. Also visible is an up trendline on the Weekly time-frame.Awaiting for 4hr bullish candlestick to enter Long.
Gold looking like forming a bearish gartley with BC extension 127.2% lies in between 78.6% and 88.6%. Still looking for a leg higher towards completion of Bearish Crab on Weekly timeframe with target of $1443 and $1530.
Here what we can see is a potential harmonic pattern Bull Butterfly. A 3 wave recovery is expected before further downside is seen towards target 104. Bounces should fail below 107.30 high.
Price still can see another leg lower before making new high towards 1.33xx.
All across YEN board, prices are making retracement. Price already broke the low at 5th March to confirm 5th leg down.
Price seems to be making an ABC correction. Next Support would be in the area 0.9470. Price still have leg higher to be completed somewhere 0.9660 - 0.9735.
On previous post that i published, price is still making pullback of X wave. Price seems to be in up channel and looks like an Ending Diagonal. (3-3-3-3-3 wave structure). Target is still 104 for another leg lower.
From the looks of it, all across Yen pairs are making pullback. Still going to see one more leg lower and here i identified one bearish bat harmonic pattern for NZD/JPY. Technical Strategy: Sell Limit : 78.90. Stop Loss: 79.35. Target: 73.750.
Yesterday i posted a completed Bear Crab on this pair. You may refer to the link that i attached together in this post below. Now price is making a pullback against 1.5600 low. From Weekly time frame, i identified one Bear Bat pattern which completes around 1.6240. I'm placing my buy limit somewhere 1.5730 with stop at 1.57. Target take profit would be at the...