Current waves structure indicates signs of exhaustion. We have a clear divergence between momentum indicator and price action. I expect a rotation to the downside at least to target as marked on the chart with the possibility of making all-time low.
Current structure shows signs of reversal and end of medium term correction, We have a shooting star candle on daily time frame and rejection of previous structure level. We can also identify clear rising wedge pattern on daily / 4 hr time frame with high probability of breakdown to the downside.
Current structure indicates we have a classic head and shoulder pattern in development and I expect medium term reversal. DAX has sold off 40% from all time high and we did not have and bigger correction yet. We have divergence in MACD indicator and possible another bullish triangle pattern in making in right shoulder of bigger H&S pattern.
Price moves in multi year triangle and currently in last wave E. As wave E is about to finish I expect continuation to upside with target around 5.3000 level. You can try to entry traditional way after breakout of triangle or if you more aggressive trader you can look for setups on lower time frames as last wave E might end very soon and we should have a major...
Price action leads to conclusion we have a corrective move upwards after a breakdown of trend line and I expect another drop to retests a major level 1280 again.
Price action on daily time frame shows sign of exhaustion. We had impulsive price action to downside on lower time frame and we having smaller degree correction in development. There is high probability thatbprice will retest key level at 57.25 before resuming medium term uptrend.
Current structure indicates we might have a head and shoulders pattern in development. You can try to sell on break down of pattern for a big move.
he current structure indicates we have a rising wedge pattern in development. I am expecting a break of that pattern to the downside as marked on the chart. We have clear divergence in MACD indicator which supports my idea. You can enter when the price will make new high or on a breakdown of the pattern.
The current structure indicates we have a rising wedge pattern in development. I am expecting a break of that pattern to the downside as marked on the chart. We have clear divergence in MACD indicator which supports my idea. You can enter when the price will make new high or on a breakdown of the pattern.
I expect one more wave up to at least 1250$ price within current channel with possibility for much bigger bull run. Buy above current daily top with tight SL.
After a sell off on most of cryptocoins we can expect solid correction and I will go for XRP as it shows relative strength against rest of coins Current structure indicates we have a nice flag in development on hourly time frame for potential bigger up move. You can try to take trade to target marked as on chart with possibility of price reaching 0.9000$ level.
This is my recent long-term forecast for AUDCAD pair. I expect 3 waves structure to the upside to develops where all of the waves should be sharp and quick. After completion of structure to the upside and breaking last swing daily top I expect another sharp impulse to the downside. Good luck!