


Nine-Trader
PremiumPrice is forming a corrective pattern. After completion of the corrective pattern price may form a new low.
The price is completing the pattern formation. I anticipate the price to fall in March, and that fall may start before March.
Watching the pair to complete the corrective pattern and form a sell setup.
I anticipate the pair to complete the pattern and then start falling to a new low levels.
I anticipate the price to reach the level of 86.00 and then form a possible sell setup. Decrease in Oil prices may be a trigger for this trade.
I anticipate the price to reach 0.8550 in March. I will search for buy setup on lower time frames. Price may slightly go below 0.8300 level rise from there.
I anticipate the price to correct on Weekly time frame. That Weekly correction may form buy setups on lower time frames.
Based on my strategy I anticipate the price to correct on Weekly time frame during March 2022. Correction on the Weekly time frame may create sell setups on lower time frames. I will watch for sell setup to take the opportunity. Based on fundamental reasons, I anticipate GBP to weaken across the market during this period.
Weekly time frame price structure indicates that the pair may fall for one more bearish wave. On Daily time frame I will wait for the corrective pattern to be completed. On Hourly time frames there may be a chance a upside trade setup. Short term buy opportunity but by long term I will sell the pair if there will be a good sell setup.
I anticipate JPY to gain strongly against CHF and other pairs. Beside the market structure and pattern formations, fundamentally BOJ is the only central bank who has interest rates at bottom and no inflation. Low borrowing cost and safe economic structure will make the JPY attractive to smart money.
Anticipating correction to complete on Daily time frame and price to continue falling.
I anticipate the price to correct on Weekly time frame during March 2022. Correction during March may form sell setup formations.
I anticipate price to correct down to 1.6500 level. This fall may form sell setups on lower time frames.
I anticipate the price move to the previous support level and form an expanding flat pattern in March. Price should emerge the same type of formation with the previous move to the support level.
Fundamentals: On December FED announced 3 rate hikes for the year of 2022, also bond purchasing program will be decreased in amounts. ECB lately announced continuation of the bond buying program and no rate hikes projected for 2022.
Fundamentals: BOE rose interest rates in December and FED announced 3 rate hikes for the next year.
Pair has a chance to go for one more bullish leg. Good luck, 9