this may look very confusing however its fairly simple. the wedge that can be seen on the left hand side broke out showing a huge impulse of the us dollar however I believe since then the usdjpy has ben retracing back to the original trend. the trend has ben low for the last couple of days and has steady momentum and is likely to keep in the downtrend. due to the...
smaller prediction on usd cad I believe a small down trend will provide a good profit tonight and tomorrow early morning and a large buy in for a scalp
after the constancy of the wave until the breakthrough push which was quickly corrected to the trend the wave looks to stay the same with a consistent good trend I am looking to buy into the pair with an upward rise on the dollar increasing the trend and take profit reach I believe the impulse will push the pair higher into correction and retracing to a higher high.
fairly minimal channel at the moment with not huge amounts of movement the pattern in the lower time frames have seemed to repeat in the last two weeks meaning an impulse is due however for the time being we look to hold pattern and prevent breakthrough and hold patter from last weeks with a buy trade. the pair could drop for a lower low so be careful not to jump...
awaiting a confirmation on the buy a retracement down ro 1.100 can be seen id the drop hits 1.1000 wait for confirmation for the buy trade and enter the trade with a TP1:1.125
and TP2:1.145
downwards trend then correction up to top of arrow then look for a position to enter after downward confirmation and hold open for lower low and deep retracement
another eur usd prediction
head and shoulders
wedge break out
prediction buy and close in profits at 1.13176 at 50 pips
risk amout in loss is 10 pips meaning 5:1 risk reward
potential buy once breakout occurs
