We have possble rising wedge pattern in development. MACD shows clear sign of divergance. Wait for a breakout of lower trendline to entry. I expect that price will close the existing gap after the breakout and downmove.
We have a classic rising wedge pattern in development on daily timeframe. I consider two options right now, first option that price might turn to south after small up move for C wave or we might get fifth subway in wave B before reversal. Either way this pair is making a good sell setup for trading. Good luck !
We have had first daily impulse to downside and looks like we are having simple flat ABC correction in development. It would be a good ide to sell afte price tag the previous A point level for another impulse to downside. Please note it could be beggining of much bigger trend so you may want to keep the trade. Regards
This is my long term view on this pair based on wave structure analysis. and chart patterns. I consider two options at moment with much higher probability of one more up wave within channel. As we are almost at bottom of channel watch for buy setups on lower time frames. If last up wave develops we should have at least 1 year of increases witch final target...
I have marked on chart two possible reversal zones. One as retest of strong support zone and second one as completion of expanding triangle.
Triangle pattern develops on daily timeframe and it would be a good idea to buy breakpout of upper trendline.
This is my medium term forecast on EURUSD. I expect some sort of double top before big reversal. Subwave C of curent upmove might be shorter or longer hoever it not change whole picture as we all be shorting euro before new year. Regards
It looks like we have a wolfe wave pattern in development on hourly timeframe and it would be a good idea to take the trade after the breakout of uppeer trendline. I have two target levels for this set up, first when price touch orange line and second when price retest previous swing high. Regards
We might have a beggining of bigger correction as possible head and shoulders pattern develops on daily timeframe. Sell only if price breaks the neckline of pattern. I have multiple targets levels as it might leads to much bigger drop as we are on top of structure.
We are in middle of medium term downtrend which doesn't go very fast hoever i expect more downside soon. Looks like we have completed simple flat ABC correction and pair is ready for anoyher drop down.
Price moves currently in correction of medium term downtrend. Whole correction might develope in trinagle pattern and as for now quality of pattern in making is very good. I expect breakout of the correction to downside and continueation of downtrend. Looking at whole structure oc downtrend it will be last wave don on daily timeframe before reversal. You can...
Current structure shows sign of reversal. I expect big drop at least to orange line and posibly further. Cross market analysis indicates all major indices will drop soon.
Price moves in correction of medium -term downtrend and looks like is about to finish, Correction indictaes we have a flat abc in development and price is very close to trendline which gives us excellent oportunity to short to target as marked on chart. Good luck
There is high probability we have bearish butterfly pattern in development on daily timeframe and that means we will have major market reversal this year and start of bigger fall. You can still trade to upside as still ouch more room left for completion of pattern. I expect bigg sell off somewhere in October so keep eyes peeled.
Price moves in correction of medium term downtrend and there is good chance the correction is about to over. Whole correction in development looks like form of flat abc where i consider two options at the moment. First option that price will retest previous swing high of correction or will fall now breaking small hourly line as on chart. There is still a bit of...
This is my long-term view for XAUEUR. There is high probabilty of 3 drive pattern in development. As for now geometry of patern and fibs ratios are compliant therefore i expect another wave up very soon. Price found support on weekly trendline. Cross market ananlysis supports concept as price of XAUJPY and XAUUSD shows signs of continuation patterns. Regards
Finally, we have had a breakout of daily trendline and current price action I consider as pullback which should give us an excellent opportunity for entry in short positions. As we are at top of daily structure, trade to the downside could develop and give us much bigger targets so definetly is worth taking .
Guys,I am waiting for breakout of downtrend and opportunity to enter in long postion. Lets wait for breeakout first as can still go down.