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.
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...
GBPUSD Is still on the right path towards the 38.2 fib level target and it may just be in the process of making another pattern to confirm that target level. See my weekly analysis video before this to get a full idea of what is happening. (see attached idea) Ba careful of Brexit coming in 2 weeks. Better to stay out and watch than trade wrong with high...
NZDUSD can give us 5:1 R:R trade if we manage this trade well. The market is right right at the moment to buy with minimal risk.
Hi Traders, USDJPY has come to a region where it is a good candidate for short position. However we will have to manage the trade properly.
See the attached trade idea. Now that market has moved and created a correction leg, if it breaks the mid point at 1.1124 then we are looking at that purpule zone where we have good confluences.
Hi Traders, Here is weekly top down analysis of GBPUSD using fibonacci confluence. I am bearish on GBPUSD for now and based on few levels it can be bullish. But we must remember that we have Brexit coming too which can make this pair drop by a lot. Please hit the like button and drop a comment or query.
Hi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen. Hit the like button and leave a...
#NFP Dollar Index Bearish Bat Pattern - Ready To Go Down
Hi Traders, AUDUSD Reached 38.2 Fib as expected and we have a lot of confluence there. However on Daily timeframe it is getting overbought so we need to be careful. If the market shows rejection at 38.2 then we can add to our long positions else we will have to wait for 61.8 level where more confluence is. If the entry has been taken at 38.2 then stops will have...