This is an update https://www.tradingview.com/chart/NZDUSD/2TvAMaS4-Attention-Long-Term-Traders/
1) Bullish divergence confirmed the reversal in weekly & 8H time frame,
2) 3 golden ratios @ 8H
3) Price made new structure high (1.1425)
4) Possible Head & Shoulder
5) Price retesting broken weekly trend-line.
Another perfect example for Correlation. Both pairs retesting the broken trend-lines, Good time to sell NZDUSD or buy AUDNZD. Please don't trade both pairs, Just trade one to minimize your risk.
Irregular flat about to complete where trend-line and previous support/resistance lines merging together.
Too many fibonacci confluence @ same area, We can expect a reversal in few days if price find a support on these levels. Right now price holding @ 161.8 Ext of A related to B wave. RSI showing divergence.
This is an update for my previous Euro Dollar analysis. Nothing much to say, price moving as expected. If DXY complete the cypher then we can go long in EURUSD between 1.1072 to 1.1150 area. I have an alternate view for Euro Dollar but I don't want to make it too complicated now. Follow me for updates.
Here is the clear view for NZD/CAD pair
1) Monthly Uptrend is broken and price made lower low to confirm the short-term downtrend.
2) Now where to short this pair? As you can see, I have 2 view for this pair, On primary view harmonic patterns giving us some clue where market moving in smaller time frames.
I have been waiting for this opportunity. If you check AUD/USD chart, price about to hit the trend line resistance level
(50 pips away) and also gartley pattern just completed, We might see a bearish reversal there. So this is the perfect time to go long GBP/AUD.
Have a great weekend!
Trade # 3
Expecting more downside @ GBP/JPY.
It seems to be end of correction in 4HR time frame.
Gartley completion @ 38.2 % retracement of 5 wave move down (could be a impulse wave 1 or wave A)
Don't double up your risk by trading the pairs that tend to move in the same direction or opposite to each other.
Here is some major currency pairs and thier crosses. If you get a strong euro cross trade setups just trade one euro cross, Don't trade all of them then you will end up winning all the ...
Trade # 2
Short-term Selling Opportunity
Bat pattern about to complete @ Resistance zone. (Strong Fibonacci Confluence)
I will be looking for a reversal candlestick pattern in 1HR time frame to enter the trade.