Forexmentor

Forexmentor

EURAUD is at the weekly 50.0 Fibonacci retracement level for the downswing starting from the 2015 high. We have two potential trades, we have a sell to around 1.470 and we have a potential buy at around 1.465.

Forexmentor

The Eurusd is currently very near the AB=CD level for the most recent ABC price swing and the 1.618 extension of the initial ABC price swing. We are expecting to find sellers at the 1.280 level as this would confirm that the Y of the double zigzag. Prices may fall to as far as the 1.090 which represents the 50% retracement level for the most recent ABC price swing...

Forexmentor

Price is at a key level for the Usdjpy, expecting a close above 109.48 to confirm higher prices while a close below 109.02 would suggest that we are about to enter a fifth wave down and should expect lower prices

Forexmentor

Potential sell trade coming up waiting for confirmation from smart money. In a few hours the governor of the Bank Of England will speak. This is expected to cause increase volatility in the pound.

Forexmentor

Here we have a potential buy trade coming up on the Eurusd . Prices are currently in the 50-61.8 zone and at the trend line . Prices are also in the support zone , so if we can see signs of strength entering the market we will look to take the buy. A break of the wedge pattern may also give us a buy, If we get the buy here prices can rally into the ...

Forexmentor

Here we have a nice 5 way decline in gold starting from the 2011 high to the low of 2015. Now we can have a potential pull back to the 1400-1500 zone which represents a the 50.0 fibonacci retracement from the lows. If the high of 2016 is confirmed to be an (W) wave , we can have an double or triple zigzag pattern formation with the AB=CD in the ...

Forexmentor

The GBPUSD looks to be completing an ABC pattern . At around 1.283 we have the AB=CD level where we are expecting to see some signs of supply entering the market. If prices break and close strongly above 1.283 we will be looking towards 1.300 zone which represents the 1.27 AB=CD. Expecting the market to wave upwards so as long as prices remain above ...