PLEASE REFER TO EARLIER USD INDEX MONTHLY CANDLE ANALYSIS AND ALSO USE THIS DAILY ANALYSIS TO BRIDGE YOUR TRADE IF WE SEE THIS MOVE THEN ITS LIKELY WE WOULD SEE THE AUDUSD SHORT TRADE, REFER TO THE ANALYSIS POSTED EARLIER 0.7865 IS KEY SUPPORT PRICE HAS TO BREAK ON AUDUSD TO CONFIRM SHORT
READ COMMENTS ON THE CHARTS - VALID IF PRICE FAIL TO BREAK 0.8050 AND ALSO MUST BREAK 0.7865 WHICH IS KEY LEVEL FOR BULLISH STRUCTURE ON DAILY ONLY VALID AS LONG FIBS LEVELS ARE RESPECTED AS SUGGESTED ON THE CHART USE THIS SETUP TO PLAN YOUR TRADE, BUT PRICE ACTION WILL ALWAYS TAKE LEAD
LOOK FOR CORRECTION AS INDICATED ON THE CHART 38.6 - that can be the initial range next week to play with 61.8 and for more deeper retracement 78.6-88.6 zone over all trend is long buying the dip is strongly recommended - use this idea with your own analysis and trade
Expecting this retracement which ideally could be 61.8 also testing the previous structure before flying off. In case of deeper retracement look for area b/w 78.6-88.6 as well Keep an eye on Dollar Index which is at a critical support level and we might see some buyers to start the new month of September. Refer to earlier AUDUSD ELLIOT WAVE AND HARMOIC analysis...
THE MONTHLY CLOSE IS DOJI AFTER 7 MONTHS WHAT DOES IT MEANS? PRICE IS AT AN IMPORTANT MONTHLY, DOES IT MEANS WE MIGHT SEE SOME CORRECTION ?
VISIT OUR LAST ANALYSIS ON EURJPY LONG TRADE EXPECTING CORRECTION TO 38.2 AND 61.8 NOW WILL UPDATE
As long 0.7180 holds which is key daily structural level expect this harmonic structure to complete. We also have bearish ab-cd with TP at -27 or -61.8 Key support is at 0.7765
This is a EW and Harmonic projection, I have been playing this from last 1 month and so far it has been on spot. Please use this in line with price action and use market structure to built the trade. I will post price action analysis on Sunday use that in line with this analysis to successful trade this pair.
Looking for completion of this harmonic pattern as first long TP as long support at 140.00 levels holds. Keep an eye if price rejects at 38.2 or 61.8 price can all the way to make a bearish ab-cd formation . 140.00 is key support long and as long this holds buy the dips
Harmonic pattern is completed, expecting the retracement with targets 38.2 and 61.8
EURUSD STILL RUNNING THE LONG TRADE - LOOKING FOR THE PRICE TO FILL THE GAP
LONG TRADE, LOOK FOR COMPLETION OF HARMOMIC PATTERN THEN WE WILL RE EVALUATE IT AGAIN.
USDJPY ANALYSIS BREAK OF TL OR REJECTION SEE ANALYSIS ON THE CHART, BREAK AND RE TEST IS YOUR ENTRY ACCORDINGLY
As long S holds at 1.1160 this remains valid move with the trend. EURUSD FIND SUPPORT AT 1.1165
GBPUSD SHORT SETUP ENTRY ON BREAK AND RE TEST OF WEDGE FIRST TP TEST OF THE TL SUPPORT