On Daily chart , price came to 1.1833 again which was the 38.2% RET of previous drop.Besides there is a bearish gartley pattern right over there, a hard bone to take for buyers.
Let's check some important levels in 2 sinarios:
TPs can be set to 1.1880 and 1.19 extention prices. 1.2045 is the ultimate extension level of the triangle move from bullish D...
On weekly chart of the pair, prices confluence at 2 important levels: 1.67 and 1.7286
Ideally the pair is about to finish its wave C at 168% Ext of wave A, which also lies at 78.6% RET of XA, the ideal short entry of bearish gartley pattern.
Thus the plan can be set as : long in short term with target at 1.7286, then consider to short judging by price action...
News on presidential will be released tomorrow, and generally pessimistic prospect of NZD if Labour Party takes more positions in cabinet.
The pair has been consolidating within the channel for 2 weeks, may have chances to breakout and target to higher levels.
Price got support near 1.8370, target to 1.8700 and 1.9100 as extensions with bullish crossover of MACD.
Gold is under pressure and struggling around 1280, with increasing risk of further movement.
Watch 1260 if price breaks 1280, then target to 1250 and 1237. May complete the movement in around 2-3 weeks or so.
On daily chart I mentioned it is now in downtrend or correction movement with the rebouncing of usdollar and dovish speech.
If some one shows interest in short term trading with good risk-reward ratio, u may consider to take anti-trend trade, trying to capture the retracement of the pair and take profit quickly.
On 1h chart, there is a bullish cypher pattern of...
On daily chart of pound, a three drive wave has completed with a lower high point and dovish speech as well.
Focus next targets especially 1.3090 level, kep point on the ascending trendline.
FYI: I'm happy to find my chart has been "copied" by some one with nearly the same patterns, colors as well as price labels, a kind of agreement of my idea from my stand. I...
On hourly chart, we can see bullish divergence with MACD, and a new bullish crossover hints a further advance.
Fundamentally, if BOE considers to raise rate given a higher CPI data this week, together with the easing of QE tapering in euro zone, the pair is about to move high rapidly.
See 1.1350 if price breaks 1.1291.
In my previous chart I analyzed 5 wave structure downside movement, and the structure failed to finish the 5th wave due to fundamental factor by hawkish speeches , which also warned u that TA tools' weakness confronting with fundamental factors.
Focus the CPI data this Wednesday which may boost the pair moving higher.
Now there are 2 patterns for the pair on 1H...
134 has been a recent top for the pair with a bearish bat complete.
Watch close to 131 and 130 level in short time frame, see if price able to stand above price levels near 55 ma.
And it is actually the same idea I held with XAUEUR, bullish prevails, with increasing political concern.
On 4H chart of XAUEUR, price consolidated at 1080 level, then spiked to 1103 with 2 bold bullish candles, expecting strong trend next week together with the gold cross on MACD.
Besides, CD leg of bearish ABCD pattern will finish near 1246, concides with middle channel of pitchfork, crucial resistance to watch.
In short term trade, TPS can be set at 1105 and 1116.
In 4H chart, there are 3 patterns hints that usoil may rally to some level and drop to hell afterwards.
Blue bearish AB=CD pattern points to a farely high level near 55, the crucial supply zone this year.But it requires positive FA factors to confirm with,eg OPEC allies agree to cut production.
Green bearish cypher pattern is forming CD leg at 52,together with...
In 4H chart there is a bullish gartley pattern completed at 49 and now in the rally.
If price stand firmly over 57, TPs can be set at above levels near 63 and 70.
Ideas relate with cryptocurrency can be checked below.
In 4H chart, there is a bullish bat of BCHUSD with entry D point near 280-290 level.
Wait for buy setup confirmation , since the MVA showing bearing signal.
SL can be put around 200 level, trade cautiously.
In daily chart, bitcoin is finishing a standard 5-wave impulse structure since March. And completed wave 4 which is not lower than top of wave 1 near 3000 level.
Now let's wait to see if there is any extension of wave 5, and focusing higher target.Price actually hit 5837, 1.27 extension of wave 3 level then dropped down below 5700 just in few minutes.
There are 2 amazing bullish pattern combo of AUDUSD, consider to buy.
The bullish crab complete near 0.7750 while also the C point of forming bearish cypher pattern,heading to 0.7938 as the D point.
Also be noted that 0.7938 is the 50% retracement of recent plunge, a crucial level to watch.
In my prevous posts this week I mentioned 1.1830, or 1.1830-1.1840 could be a crucial zone for euro,and today we found that price tested 1.1880 level then drop down to the zone again. May keeps ranging for a while to choose direction.
And there is an interesting chart of euro in 4H chart I name it as a beauty queen chart,...
GBPJPY formed 5 wave structure in 30 minutes chart, confirmed wave 4 near 148.5 today, heading down in uk session.
If structure goes well, 145 may be the ultimate goal.
But given the situation that Japan is holding presidential election, which may not that easy to move that far.So technically, u can watch out levels near 147, since price broke the small neckline...