merakshi

merakshi

Dear all, As posted before we see some upward price movement at EURUSD at the mentioned replacement level. The Retracement might have ended with an EDT in wave c. In the 5 min chart the rise is impulsive. Let's wait for its retracement and analyse this thoroughly. If the retracment does fulfill the requirements, it would be a good opp from Risk / reward...

merakshi

Dear all, I expect the last leg of a longer retracement to be finished soon. It might last up to the beginning of wave (2). Let's closely monitor price action from there. Once the trend line is broken to the upside we might see a fast price increase in wave iii. Cheers, merakshi

merakshi

Dear all, I see an Ending Diagonal Triangle (1st bearish sign) with a sharpe decline in Wave 1. The retracement was an Extended Flat pattern (2nd bearish sign). I think that wave (i) already unfolded and is currently being retraced up to the 61,8% retracement level. This could be a good entry for a short trade. If so, will lead to a nice risk reward ratio. Merakshi

merakshi

HI all, From my view a correction has ended with an Ending diagonal triangle (EDT) I expect that price will brake the neckline and test it again. Merakshi

merakshi

I expect a correction in USDCAD. We see a bearish divergence in the RSI. We see a thrust from a triangle. Price might retrace back to origin of the triangle. Be prepared and closely monitor when price hits the upper end of the channel.