XRP is typically know to be the stubborn one and tends to move last in every bull cycle. It likes to surprise us and move when no one expects. I do see XRP breaking all-time-highs this bull-cycle for sure with my major target being $7.
From a trading perspective , a requirement of a daily break above 1.18220 is required before we see 1.32 as my first target....
NZDCHF - Price action has failed to create a lower low , and is now rebounding. If price were to create a break of the Daily structure marked followed by a continuation pattern. We can expect price to move to the next daily point.
Gold is nearing a supply zone where sellers began their initial push. Price is slowing down and is looking to create lower lows. Id we receive short-term lower lows, I will be looking to take shorts on this trade.
Have a great trading day!
XRP has been impulsive of late. Typically after an impulse we can expect some form of correction. If we break the zone marked on the daily we will see 1.65 next. If not expect some correction.
Hellow fellow traders ,
Since the optimism of rate hikes within the US economy, EURUSD took a pretty large fall wiping out many supportive structures.
With a fall of such magnitude , it is quite the norm to expect pullbacks/correction before another fall to the downside. Let's see!
Bitcoin has been falling as of late switching momentum in the short term. We are yet to create a lower high on the daily since switching momentum. I suspect price will push to the 42-45K region before I will monitor on.
Weekly trend is still bearish and price is formed a reversal pattern while trying to push up.
Since then we are breaking the daily structure higher low. If we maintain this 4H close and a continuation pattern is seen on the lower timeframes, we should see price push down as directed.
Gold is such a beautiful commodity to trade.
Since the major signs of reversal we had an impulsive push to the downside. I expect price to relief/liquidate as sellers will be taking profits to end the week into the structural area.
Trade with proper risk management
CHFJPY on all timeframes is currently bullish. We had a nice push to the upside last week due to the bearish move of the JPY. Since the move we are now in a corrective phase anticipating another leg to the upside.