Correction
EURUSD before NFP Yesterday this pair broke below 0,9980 confirming the downside move.
Today is the first Friday of the month and we have NFP coming out.
There will be volatility during the news and we could see further confirmation to the downside.
The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low.
Once we break below 0,9900 we should see 0,9800 next!
Stops should be above 1,0090 in case of price rejecting the mentioned levels.
It's time for the next drop on EURUSD There was a weak rejection at 1,0050 but we haven't yet seen the move down towards 0,9900.
This is what we expect to see today but mind that price can re-test 1,0050 again.
A move below 0,9980 will confirm the next drop on EURUSD.
There are also better trading opportunities with other USD pairs, however we should see this scenario developing here as well.
NZDCAD NEXT POSSIBLE MOVE🚀Hey everyone. As we all can see the clean descending channel followed by a reversal pattern which might possibly make the next bullish implusive move to the up side🚀. I am Waiting 💆🏾♂️ for a double bottom or a lower time frame reversal pattern to take some possible entries💯.
Thanks for reading
GOOD LUCK AND AS ALWAYS, TRADE SAFE AND STAY SAFE!🤝🏾
PEACE 🔥
The next target on EURUSD - 0,9800On Friday we had a reaction of the sell zone and an impulsive move to the downside.
The next target will be below the previous low- 0,9800.
Everyone who is currently in a short trade can move stops and expect this pair to continue lower.
New entries could be made after a pullback that will give us a better risk to reward ratio.
Don't look to buy!
XAUUSD Elliott Wave Option 1I got 2 option. Pls check on my post for other option.
For option 1 if gold fail to hold support 1735 due to Powell speech last friday, potential price moving down to next support 1727 and 1710.
For option 1 Current wave is correction wave ABC (red color in chart) that wave B not complete yet. Target wave B is not confirm yet and will adjust base on what market give us on the sub 5 wave(yellow color in chart).
EUR-NZD Short From Resistance! Sell!
Hello,Traders!
EUR-NZD made a strong bullish correction
But the pair is in the downtrend overall
And is now relatively overbought
So as the pair is now about to retest
The horizontal resistance level
I think we will see a pullback
And a local bearish correction
Sell!
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