USOILWith the current bearish channel unfolding within the support and resistance, I am looking forward to the completion of the 5 waves within the channel then we go bullish towards the QML Supply Zone.
Tgma
NZDUSDWe are currently looking forward to the bulls coming in, recently on Daily we have reached the January 2016 Low, so we are at a good demand, we can buy on the resistance breakout or could get a further drop to lead the RSI to the Oversold, which I am not confident about. I am more with the buyers right now.
BIDVESTLooking for holding this sell lower to that gap at the bottom, also based on the Head and Shoulders pattern.
USDZARA Bearish Trend Continuation flag is unfolding, at the break below the engulfing candle(where my entry is set as on the chart above), there I sell with two targets.
USDDKKSimply applying the Fibonacci Retracement tool we are currently at the mature level at 78.60 of the Fib, then that gives me a complete leg B then I anticipate some bit consolidation giving us a head and shoulders then a drop to give leg C or much further drop to that demand zone.
NASDAQIve been waiting for this drop, fortunately caught it nicely. Now its bouncing at the demand zone/ support level to retest the broken out support , my forecast is as on the chart, more sellers coming in to drop as the 5 Waves Bullish Impulse is completed. Whats your take?
NASPERSOn the Monthly chart for Naspers, here is what I see, we had a bullish reversal pinbar which shows that buyers did take the market up to the 278447 level on 2017 but for the past two years it hasnt been able to get back to that level, meaning the sellers were also trying to gain momentum in that period. Now my prediction is that the buyers are going to be still a little dominant but its for a short period, maybe in the next two months but after that we looking at a more stronger short position. I believe that leg "A" should be equal to leg "C" thus the set target which is almost complete. The drop there should drop us down all the way to the 50.00 or 61.8 Fb zone. Lastly, we also have the RSI Divergence confirming, now we just need to lookout on smaller timeframes for better risk management.
XAUEURGold / Euro has recently hitthe resistance for expanding triangle, which is also the supply zone. So My prediction is that of a drop headed down to the Quasimodo Level.
GBPJPY
This is what I see and seems to be happening in most GBP pairs
Reasons For Entry :
- Wait for Ending Diagonal Resistance Breakout
- Wait/Lookout fir ReTest
- RSI Divergence
- Impulsive Wave
BITCOIN // USDOn the chart here I expect the market to continue trending within the bearish channel as it has already given us:
- 5 Wave Bearish Impulse
- Correction's Wave C is due
- From "A" to "B" is a continuation Flag
Thus I expect a bullish entry as soon as that flag resistance gets invalidated.
