AUDUSD on the 4H time frame, has formed a bullish pennant after an impulsive bearish move - an inverted pennant if you like. The whole structure is very bullish in my opinion, as we have the bullish pennant + MACD convergence. The 1-5 wave within the pennant is almost complete too, I'm going to try and ride the 5th wave up + the breakout. looking for 100 pips...
USDCHF Daily on the left, identifying an inverted head and shoulder formation, with the blue line being the neckine, as well as the trendline drawn on top where we have broken above, and looks like we are coming back down for the retest of both. H4 on the right, our key fib zone (61.8%-71%) line up with the retest of the trendline + neckline, as well as...
Very simple setup on H1 EURJPY, inverted Head and Shoulders formation, supported by my bearish expectation for JPY Looking for 100-150 pips on this one. @PipsOfPersia t.me
EURAUD on the H4 time frame, is showing clear signs of rejection of a key reversal zone. We also have MACD Divergence. With me previous analysis for a bullish AUD, I have a bearish expectation for EURAUD for the rest of the week. @PipsOfPersia t.me
Simple 12H analysis on the USD Weighted Index (not DXY) Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline. I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly...
The chart shows the JPY weighted index on a daily time frame, creating a bearish bat harmonic pattern. Furthermore, the last 3 daily candles together have formed a three pin pattern (Evening Star formation) indicating bearish reversal. I expect JPY to start showing signs of weakness in the next couple weeks across the board, meaning potential XXXJPY buys. The...
NZD weighted index on the 12H time frame, we can see the market has tapped off a previous zone of reversal while creating convergence on MACD, and creating an inverted head and shoulder formation. Seeing as NZD and AUD move the same way, and both currencies look very bullish, I expect NZD to gain strength across the board for the next month or so. @PipsOfPersia t.me
BTCUSD (bitfinex) chart, although we have seen a strong rally to the $6500 area, we are still showing strong signs of divergence on MACD on both shorter scale (shown on the chart) or larger scale H4 and Daily divergence. In my opinion, this rally to the upside provides a fantastic opportunity for some manipulation, to trap the buyers who enter due to FOMO (Fear...