Price traveled up to the red zone that i was looking as target zone for the previous post. Now we are in a very strong confluence zone and we have 2 posibilities: 1. Divergences on 240 min chart 2. Price is near trend line that is a strong resistance zone. 3. Fibs confluence 4.Potential move up for the CD leg of the blue Cypher pattern. So we can wait for a...
XAGUSD is forming a Bullish Cypher pattern within a strong confluence zone. Wait for a bullish pattern to be formed before any Buy. This is only my opinion. Good Luck!
CADJPY is creating a Bullish Bat pattern on 60 min and we can see also a number of harmonic waves in development from 15 min to 60 min degree waves. In my opinion this is a perfect harmonic setup. I am looking as TP1 at 82.90 price as there is a cypher pattern that will be completed at that zone and the second target is near the 240 min trend line. The possibility...
Price now extended in a very strong resistance zone. I am expecting for any bearish pattern before any Sell. 1.Price is near daily resistance trend line 2. Price almost touched 61.8 Fib.Ret at 1.5240 price 3.Price is at the top of the yellow channel for the moment 3.Completed Daily Cypher patter 4.Strong Divergences This is only my opinion. Good Luck.
EURNZD tested the 61.8% daily trend line. Now it is breaking the 60 min channel and i am looking for two possibilities: 1-Price can test the first trend line and it can goes up to 1.6400 in order to complete a daily Cypher pattern before going down. 2.We have divergences on the 240 min wave so price can breaks the first trend line and it can goes at least up to...
Trend continuation opportunity 1. There is no divergence 2. Price is testing 61.8% fib.Ret 3. ABC in development that will be completed at 61.8 fib.Ret
AUDNZD formed a type of falling wedge pattern and now it is broken. There is a high possibility for a double bottom and the beginning of the up move. If price breaks down from the red zone then it can continue down up to the daily trend line.
Price created an expansion in the last wave inside the 60 min channel and we have also divergences. Price can extend up to the upper trend line. We need a bearish pattern in order to sell USDCAD.
1.Completed Cypher pattern 2. Price Is breaking the "channel" that is also the CD leg of the pattern. 3.Divergences on 60 min. If the X leg of the Cypher is broken the pattern is invalid as there is another big pattern on 240 min and price can goes up to 0.7140.
CADJPY has created a channel inside a channel and there is a high probability for one more small move down up to 80.20 or it can breaks to upside from where it is now. As we can see we have three perfect waves almost equal. The big wave i am looking is to upside.
EURAUD is near a decision price level as it just tested 200 EMA (Daily) and also the daily trend line. For more see on the chart. Good luck!
On 240 min AUDCAD made only a spike outside of trend line and tested 200 EMA. 1.Price tested previous structure 2.Trend line resistance 3. Price tested 200 EMA as dynamic resistance. 4. We don't have divergences yes 5. On 60 min time frame price closed below 200 EMA and tested it. So all of this are good indications for going short again. This is only my view on...
AUDCAD: Completed bearish BAT pattern 1.Completed bearish Bat pattern 2. Near retesting 240 min trendline and 61.8 Fib.Retracement
On 60 min we can see a potential bearish BAT pattern. 1.This can be a continuation patter for the downside. 2. Also we can see that AB CD leg is developing a 5 wave structure. So price can correct ABCD wave and it can continue to upside. The confirmation for a change in direction of the trend will be after the break of 240 min trend line. This is only my view.
On EURJPY we can see a potential bullish Cypher pattern. Be careful as the price can also extend up to the daily trendline. Good Luck.
My view for EURJPY on daily. Details are on the chart. For any buy see for a bullish pattern created at the leg of the last wave down.Good Luck!
EURNZD is creating a Potential Contracting Triangle with a Garley in the middle. So the price is in a critical point. It can break to upside by by completing the 4 wave as a flat correction or it can goes with the completion of the contracting triangle. Good Luck
EURCAD just comleted a bearish Gartley pattern on 60 min. If it works the minimum target is the leg of the structure. We can see divergences between AB and CD legs and usually this is a good sign. Don't forget the dominant trend is to upside and we are in correction. 1.Completed bearish Garley pattern on 60 min. 2. Divergences between AB=CD Good Luck