AUDUSD It will correct downward SHORT!Welcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
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Correction
EURCHF I Correction and continuationWelcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
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EURUSD I It will correct downward from resistance zone Welcome back! Let me know your thoughts in the comments!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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How far will EURUSD continueDuring the news yesterday, we had weak USD and a sharp rise on EURUSD.
It looks like this move will continue but you should not forget the Daily chart!
EURUSD is in a downtrend and this upside move could come to an end very soon!
The next level where we should see some reaction is 1,0284.
BAC - SHORT TERM CORRECTIONShares of Bank of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market. The performance of the stock was mixed when compared to some of its competitors
In a short term, a correction is expected to the 0.5 Fibo level with a $34 price target. Further correction is possible as well. 2nd support is located at $31.
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GBPAUD - Fibo levels & Fake breakoutHere we explain further an analysis we dropped yesterday on GBPAUD.
We said that the pair is showing bearish behavior and mentioned that it should go further down to buyers liquidity level, however the pair rebounded upward shortly after. We immediately updated that it was a mere correction and this video explains how and why.
We hope you find this useful.
Love, Lacasafxfamily
Bank Nifty futuresDaily chart of Bank Nifty Futures
The Manual trend is bullish, and the candles are trading above 200 EMA which is bullish as well, but the resistance has been respected twice which makes the resistance strong one.
The pattern somewhat looks like a bearish double top as of now, but nothing is confirmed yet.
I cannot find any proper support above 37800 which means that the gap opens for almost 4000 points. Sounds huge but nothing that we haven't seen before.
Also, there is a slight bearish divergence which is a cherry on the top.
Bank Nifty has been in focus in the last week, and it wouldn't surprise me if the bulls are trapped soon.
*Disclaimer: I am not taking any trades as of now. My principle is to be with the trend. I will buy when the time is right, but I will not sell against the trend.
ETH update (H&S pattern awaiting confirmation-s?) In this chart I have drawn a channel containing and highlighting the H&S pattern developed by PA. the first shoulder and the head developed as a double top, and the second shoulder as a confirmation for the double top.
Now the last thing to wait for is a confirmation of the H&S pattern. I see two possible scenarios, the first one with one confirmation and then dump, which honestly I see as unlikely to happen.
Usually PA has a fractalic behavior, which makes me think that we are going to see a double confirmation on the H&S pattern similarly to what happened in the case of the double top, with maybe a smaller H&S pattern developing under the channel as a confirmation.
An update on the short-term and longer-term levels for the S+PThe market is correcting higher within the confines of an overall bear trend.
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The next sell levels on EURUSD On Friday we had a bullish impulse on EURUSD that took price to 0,9966.
This move will most likely continue towards 1,0050.
These will be the next levels where we want to see rejection i potential selling opportunities.
This week, we have important news that are going to affect the market again.