Structure building an a triple in the form of a flat Right now structure in last wave pushing towards upper level resistance of channel Expecting a large 3 wave structure (note: arrows are not exact zones of price projection)
Look at Macd and RSI and i think bounce to upper channel is possible. Prices are in the box which is old Gap D1
Watch lower time frame like M15 to enter long on Cac 40 and waiting for Rsi oversold on this time frame with Fib levels. Stop loss under 4900.
DXY sell if return with good candle in fibo 61
The USDJPY chart seems is moving in the form of double complex combination (Zigzag+Triangle). Trace the pattern direction and when the pattern completed (By forming e of y) decide to take buy position with the SL of lower of C.
As an initial anticipation, the #CADJPY chart weekly time scale is ongoing to completion a higher degree flat. The B wave of flat is an horizontal neutral triangle where is in e wave. The e wave maybe has been completed in form of a flat with ending diagonal 5-th truncated and another theory is that this flat is the a wave of a bigger flat to completion E wave of...
A complex wave pattern formation in form of WxY is underway. Now-days the second part completion is ongoing as RA (Reverse Alternation) pattern. Upon completion of the RA, I expect increase the rate to 114/00-116/00.
Here is the second analysis of eurgbp chart. The previous analysis reached to target. Every thing about new analysis is clear on chart... Seem stop loss based on your trade methodology
4-5 Next year motions in #CXY has been shown....