A correction of a smaller degree is about to end in EGLD/USD once the ascending triangle ends, forming the wave E on the downside. We should see an upside soon after. I believe that, on a bigger degree, we have a bigger impulsive Wave 1 forming on the upside, after which a correction inevitably will follow. This analysis does not represent professional and/or...
Short Signal for AUDNZD on the H4. We retested the structure resistance with clean trend+correction moves. It is a solid Setup based on structure. COT data provides uncertainty (50/50 positioning) for AUD and a more bullish positioning in NZD (60% long / 40% short). So the short is in our favor.
We are at the bottom of the EURUSD range. Bulls are defending the 1.216x level very strong and price action suggest that the continuation of this uptrend is on the way. This pitchfork looks good for the following reasons: This is a 5 star opportunity. You can make 3 times your risk.