If Aussie (AUDUSD) managed to break the line, after a small flag we can buy the pull back, possibly to 61.8% of the big move or the partial move after starting the down trend (shown with arrows). Please consider the trade is risky and try to place the break even SL as soon as you could.
Scenario A (Blue): This is a big 3 wave correction for weekly move up. We completed the C wave and we are on the way to go and break the trend line. Scenario B (Red): This is a bearish 5 wave trend and we are in the pull back to possibly 61.8% of Fib for completing the 4th wave. My idea is the scenario A is more likely to be correct, because: 1- The 4th wave...
Gold is pulling back for correction, watch the 61.8 to find the SELL setup Check out the 1H chart below
USDJPY is making a flag before the up move, wait for confirmation by breaking up the line and BUY check out the 1H chart below
Sell after breakout and a 1H flag would be a good idea. Watch it when it reaches to the trend line for longer term.
GBPCHF is making a bigger correction, it seems short term SELL, short term BUY and then longer term SELL would be a good idea. Please check the 1H time frame and the daily one too below
Seems FX:USDJPY was rushing to complete the 3rd wave of correction before next impulse UP. Will update this idea with lower time frames for finding a BUY setup. Stay tuned :)
Seems FX:USDJPY -0.34% was rushing to complete the 3rd wave of correction before next impulse UP. So we can find a BUY setup only after a strong break-out and a small correction/flag.
Gold touched the trend line and seems pulling back, if wee see a sharper move down and a flag, we can SELL and watch if it start to retrace for 61.8 of the recent big move up.
USDJPY after breaking the weekly trend line did very deep pull back and broke the low. It almost touched the weekly trend line again and after a 4H confirmation flag we may find a BUY opportunity. Wait for the sharp move up and then a 4h flag before any BUY
Considering a possible bounce of USD after a losing streak and AUDUSD braking the trend line and a deep pull back (78.6%), if a 1H consolidation / flag appears today, we can look for sell the pull back to possible 61.8% of Fibo of the whole move up.
In the lower time frame EURCHF broke the line and we can look for sell after something like the pattern shown in the chart. This sell may become a longer trade.
As we can see in weekly time frame, EURUSD is touching the weekly trend line. It's near to 50% of Fibo retracement. And wave analysis also suggests a 3rd wave correction needed before breaking the line for more up movements. Before any selling, watch the pattern and find the evidence for confirmation.
GBPUSD is reaching to 61.8 % retracement of Brexit fall. Should wait and watch the price action to see if something like the pattern showing on the chart will happen.
This pair for this week should start its retracement or possibly an up move to complete the weekly structure.