Hello Traders, We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry. This area has confluence of support and trend line support. There seems to signs of indecision in this area too. If we can continue to put in higher lows this...
And yes, based on our last analysis, Crude Oil almost managed to touch the 48.00 area we are waiting. Price is already starting to rally, but a confirmation beyond 50 area must be seen first.
USDJPY was not able to break below 105.54. Instead, it created new highs for the past trading days. If price rally above 108 area, it suggests that bulls are in control once again.
We may still see cable move upside temporarily. But overall trend of GBPUSD is still down.
Still waiting for EURUSD to break away from its bearish channel (red) to confirm bullish move targeting 1.1375 - 1.1495.
As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
Unlike Gold, Silver may still move one step high reaching 17.55 before turning bearish.
Gold hit previous targets at 1263-1265. Upside movement could be limited towards 1288-1290 areas. Break of previous high of 1304 might suggest that a bottom has been achieved already.
Cable was not able to move up to our target from our previous analysis. Instead, it continued moving down, which tells that a top has been formed already. Price has room towards its 1.618% fibonacci level at 1.4055 before it corrects up.
Gold is currently bullish, with 1263-1265 as target.
Hi Traders, I don't typically trade this pair but I like the setup to say the least. Impulsive short move (a), followed by the current corrective price action (b), while i'm on the side lines waiting for the beginning (0.7660/700) of a possible (c) wave to the downside. Risk/Reward for this trade seems like it will be very good. Stop Loss, depending on how close...
EURUSD like other currencies paired against dollar, is still contained inside a bearish channel. Upward movement is seen as a correction which may reach 1.1216-1.1242.
Silver, like Gold is temporarily correcting up towards,16.455-16.539.
Currently watching USDCAD during a possible completion of another ABCD pattern . I will not be holding this trade until it reaches D because it could possibly form a double top. I'll be taking profits when it climbs back to B price point 1.318.
Cable it seems is still contained inside a bullish channel. Price already retraced past its 61.8% retracement, and could still go on. Invalidation level is set at 1.4769 which when breached, will make us stick to our alternate view.
Traders, UPDATE: Well done to my signals members who took my trading plan with this one, we still continue to see good upside and good profit. Expecting some upside off of nice bullish momentum. We have had a nice morning star signal on the sideways support trend line, and a great Fibonacci ratio confluence support ceiling underneath the level, making the level...
Gold is still contained inside a bearish channel. Downtrend might continue until 1240-1230 area is reached. eeetradinganalysis.wix.com
Short term, we are long but limited. For details, check our website for more #free charts: eeetradinganalysis.wix.com