GBPNZD - pullback then bearish
If price rejects the $30 zone, we should look for a possible pullback up to the $20 price zone. A rejection around there can then take us further up to the lower degree C wave
Best buy zone is at $2,000 - $3,000 zone.
US oil has been trading bearish all the while and seems to reach the PRZ around the $10 price zone. We look for a rejection to go long at this level.
look likely we may be having a pullback from the 1.05795 price zone.
GOLD Expect some up push (except if wave 5 goes truncated. this scenario is very unlikely). A good sell will be at 1600+ zone
Price is still moving sideways but expect the breakout to the downside soon after consolidation is over
EURNZD expect more bearish trend but price may first move sideways before eventually breaking the trendline
AUDUSD This setup has been posted since Jan 2nd last month and price still in the turnaround zone. We have a shark pattern on H4 which will determine the beginning of the expected bullish trend once GBPAUD begins bearish
GBPJPY Price may be approaching for Z soon....in a corrective structure in lower degree watch out for wave 2 breakout of the lower degree.
GBPUSD This setup was posted early last month and price is still respecting. Price in wave B higher degree (still simple) and wave 2 lower degree (triangle)....expect a flush down soon
GBPAUD Price in wave 4 (complex) and heading for break of top before full bearish resumes. The Sell setup has a potential of about 4,500pips when bears take over
SELL #USDCAD @ 1.33261 SL: 1.34120 (86pips) TP1: 1.32469 (79pips) : R/R(0.92) Risk: 0.43% TP2: 1.31442 (182pips) : R/R(2.12)Risk: 0.43% TP3: 1.30636 (262pips) : R/R(3.06)Risk: 0.43% TP4: Open Average R/R(2.03) Remember to ALWAYS Manage Your Money Well
Structure suggest some strengths throughout the rest of the month and next then we may expect weakness thereafter.
Price may head for the 5th wave low degree before making a deep retracement for wave 4. Target area is about $10k, and later $11,800.