Short opportunity depending on 200 MVA and the recent strong movement , order is preferred to be in action right before the European session , further down will lead us to avery strong support level @ 0.285 were a rebound in the price is expected .
Depending on one of Elliot wave principles wave 1 = wave 5 ((( in pips of course ))) if not exceeded
Bullish butterfly pattern in progress now we are in C-D path unless price moved back to C D should be between 1.272 to 1.618 so i put my target on 1.272 to guarantee this structure , notice that after price arrived to D point it may accelerate suddenly to the above moving long .
The British Pound continued to move lower against Japanese Yen as expected after the pair produced a bearish Evening Star candlestick pattern. A daily close below support at 173.98, the 23.6% Fibonacci retracement, initially targets the bottom of a rising channel set from late May at 173.60. Alternatively, a reversal above the 14.6% level at 174.50 clears the way...
Bullish Anti Gartley harmonic pattern in one hour The entry will be after crossing point B to make sure the pattern is correct .
using very tight stop loss ( we are in strong uptrend facing a critical resistance
Extremely Oversold USD/CAD The USD/CAD traded on positive note in the Wednesday's morning amid upbeat ADP numbers; following a 45-pip upside movement, the USD/CAD left behind nearly 6 month lows at 1.0625 to trade at 1.0670. The path of the US Dollar against its Canadian counterpart has turned inconclusive amid conflicting technical cues. On one hand, a break...
Anti Gartley pattern where : D=1.272 C=1.13-2.168 B=0.618-0.786 in case if price hit above the 1.71 then this indicate pattern failure where we have to get out losing . My Target is 0.786 fibo . you can choose 0.382 or 0.618 or 0.886 from point C-D
target is 0.382 fibo from the weekly chart
4hr 1-) Elliot wave continuation 2-)RSI negative divergence which suppose to lead the price down to point 4 Be extra careful the price seems ready to explore to the upside after it breakout the last resistance in 19-6-14 so sell with 0.5% of your capital . Happy trading .
possible short we will enter after The Bank Of England rate announcement
we are now in the upper ascending channel , possible reverse to the down trend channel is taking into consideration as CCI & Stochastic also suggest in 4hr
Divergence price trending below support from a while RBA influence
long position due to +ve divergence right before the rate decision 3.25 is expected