Traders, DXY (Dollar Index) has been dragging its feet and pushing itself up without any retracement. It is behaving exactly like EURUSD but in opposite direction. We now have a cypher pattern completing too which can give us a very good Short entry. We must wait for a bearish confirmation and enter a short. Hit the like button and subscribe for future analysis...
Traders, AUDUSD has been bullish after completing several patterns inside the high probability zone. It came back in the zone to create a divergence and now it may come back. On 4H time frame we can see it losing momentum. So we will plan our trades based how it reacts on the completion of 4H time frame. Checkout DXY and EURUSD weekly analysis too. Hit the like...
GBPUSD has been creating bearish pattern and last week's rise was expected due to : 1. 38.2 Fib target hit 2. Mid of Bollinger Band hit 3. Weekly Bull candle hit (Mid of the M pattern) So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from. Hit the like button and...
XAUUSD #Gold Bullish For Now, Reaching A Great Shorting Zone: Gold is reaching this zone where a huge monthly pattern is getting completed. It will be a monster opportunity to get involved when that HTF pattern completes.
Dollar index is expected to go down a little bit after a day or two. Id the downward movement continues, we can expect good correction to the downside. Hit the like button and drop a comment of you enjoyed this analysis.
#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.
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 :)
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.
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...
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...
Hi Traders, GBPUSD has been falling down after test of 61.8 fibonacci level but that is expected because of completion of a harmonic pattern. The last bound was from 38.2 fib level of this pattern and now if that level is broken, we can expect to move towards 50.0 or 61.8. At 50% we have confluence of 200SMA, trend line. So we must watch that area for taking...