formation of a descending triangle on the daily chart formed by a trendline that has been validated four times and support I is validated, it is expected that price does break the pattern of descending triangle to go to the next monthly support, which is in 118.75-116.40.
WAITING FOR CONFIRMATION OF SMALL RANGE BREAKING BULL, GO SHORT TO SUPPORT THE FOLLOWING AREA.
Sell EUR/USD now @ 1.13392 and take your profit pips @ TP1 - 1.13292, TP2 - 1.13192, TP3 - 1.13092 & TP4 - 1.12992. Place your SL @ 1.13792(1:1) & 1.14192(1:2)
1) If price takes out resistance level @ 1.90523 2) longs to 1.95176 which is in confluence with 61.8 fib and 50 MA 3) If 61.8 fib level (1.95176 ) fails to hold as resistance further longs to 2.000 4) If 61.8 fib level (1.95176 ) holds successfully as resistance shorts back into 1.9052 3
JOIN OUR FREE TELEGRAM SIGNAL GROUP FOR UPDATES AND FREE SIGNALS: telegram.me THIS COULD BE A POSSIBLE SWING SET UP FOR AUDJPY,IF IN A FUTURE WE SEE THE PRICE TOUCHING OUR 61% FIB LEVEL WITH MATCHING POINT WITH DAILY TREND LINE AND WEEKLY PRZ....I PERSONALLY DONT THINK THAT THE PRICE COULD GET THAT HIGHER BUT IF PRICE GET THERE WAIT FOR A RETEST AND SELL...
Like Gold, Silver may reach 21.50-22.00 area days from now.
Gold is seen to push towards 1390-1400 area days from now while awaiting NFP on Friday.
The Yellow cross over the blue line indicates a Trade. Buy order when the yellow line cross above the blue line. Sell order when the Yellow line Cross below the blue line. The Red Line is the Major Base Indicator for Trend Line.
Talking Points: NZDJPY Technical Strategy: Bearish Elliottwave Count: Down Trend resumption for wave3 Pair is having all bearish view in last day of month. As we are only 1 day left in month end and monthly candle is still below the bullish trendline which suggest us a bearish view and keeping bearish bet on trade signal. Here are few charts which are...
Talking Points: DXY Technical Strategy : Bullish Elliottwave Count: We are confirming flat correction here, and looking for impulse count We keeping our primary analysis posted earlier month and considering correction over in dollar index. With that we are looking for gathering more evidence for bullish impulse count. First confirmation received after...
Talking Points: GBPUSD Technical Strategy: Keeping Bearish view Elliottwave Count: ZigZag Correction will be our primary choice in count GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1.4700 is 100% expansion of zigzag and also testing horizontal resistance. Long term trend...
1.4166-1.4133 price consolidated and dropped. meaning alot of sellers sold at that area meaning a possible unfilled market orders still in that zone.... an example of this below when price on a daily TF reacted and dropped from my zone 1.4101-1.4081 so i expect the same. i will take profit at 1.38500 and i will move my stop loss into profit once it begins to...