#USDCAD #Loonie Weekly Analysis: Bearish Week Ahead?
GBPUSD is still showing bearish movement but we need to watch 61.8 fib level which will be reached in a day or two. Trade management is the key.
Please watch DXY analysis first because DXY and EURUSD are usually inversely correlated. EURUSD Is expected to fall for a day or two to test and retest few important levels. However it has been a game of 61.8 fib levels so far. So a bullish zone lies just ahead.
#USDCAD Short Trade Confluence:Moving Average, 61.7 Fib, Pattern
GBPUSD Short Idea, Great Opportunity
EURUSD Bullish Cypher + ABCD Pattern For Great R:R Next Week
GBPAUD Bat Pattern Short Opportunity: GBPUSD is expected to fall at the end of this week or next week. AUDUSD is expected to be bullish next week. That is also supported by this trade opportunity. We have supply zone on the left with bat pattern completion.
EURGBP Crab Pattern Buy Opportunity
Traders, Although EURUSD has argument for both long ans short positions at the moment, we must not forget that on the daily time frame we are still in uptrend. Also Weekly Elliott Wave is also still intact. So There are are more chances of medium to long term bullish movement. One scenarios is that we will start the bullish movement right away or other scenario is...
EURUSD New Cypher Pattern Evolving After Today's Sell Off
AUDUSD is repeating its weekly candlestick pattern for the 3rd time with great accuracy. The coming week is expected to create a bearish candle and the week after will be a bullish candle. This week it is going to retest the trend line before resuming the uptrend again the week after. We have 2 patterns completing near the trend line. So we can take a short...
AUDCHF Long Idea: This zone and level is high probability level for a long position. 2 patterns are getting completed right at that level.
EURUSD Cypher, Butterfly, Round Number, Support Confluence
Traders, DXY (Dollar index) completed a pattern few days ago and the first target of that reached today at 38.2 Fib where a lot of profit taking suddenly raised DXU up causing other USD pairs to fall. This was expected and was also evident from respective harmonic patterns on these pairs. Please hit the like button and drop a comment if you like this analysis.
CADJPY could be forming a double top at the completion of 2 harmonic patterns inside a supply zone. This can be a very good shorting opportunity. Please hit the like button and comment on the post. Thanks :)
There is a fibonacci based harmonic pattern completing. The opportunity is right at the market sell.
Traders, I am long on eurusd from the zone that I mentioned in my weekly analysis. Please check that out if you have not. (see attached idea). Now that market has reached 38.2 first target and it has broken that structure, I have moved my stops to lock in profits and derisk a bit. I am expecting 61.8 profit target level now. Please like and comment this post if...