Possible buying opportunity for GBP/AUD soon! Recently we have seen and impulse followed by corrective movement within the GBP index and therefore i am bullish on the pound for the time being. This is also evident within GBP/AUD as we can see impulses followed by corrections showing us clear trending movement and the intended direction of price. Taking that we're...
Possible buying opportunity in EUR/CAD very soon! We are bullish on the Euro after a strong push up on Friday afternoon so therefore we can look for buying opportunities in the Euro pairs this week. EUR/CAD has shown a nice impulsive move up which has also broken 1Hr and 4Hr lower highs and structures. This therefore means that we are looking for price to move in...
Possible buying opportunity in EUR/CHF in the next few days! We have been going through a daily descending correction over the past couple of weeks, this shows a lack of intent for price to push lower. If we see buyers come into the market and push price up impulsively then there may be a possibility of a buying opportunity from a higher low point. The first...
Possible next impulse for the New Zealand Dollar! After an impulsive wave that broke through previous structure and lower high point, the New Zealand Dollar has been going through a correction. Even though, we have been seeing bearish trending structure on the lower timeframes, if we zoom out then we can see that we are still trading between the previous higher...
Possibility of a correction for more upside within the YEN in the coming weeks! The YEN has become heavily bearish after it recently broke below a key structure level and previous monthly lows to create a lower low in the market. Price has been moving with clear impulses and corrections on the larger time frames and it is clear to see that we are retracing which...
Possibility of some short term downside or counter trend trades for the US Dollar in the next few weeks! Recently we have seen the Dollar break through a key monthly level and previous lower high structure point impulsively which now means we are bullish on the Dollar as this shows intended direction of price. However, on Friday we have seen a 1-2-3 daily reversal...
Possibility of some up-side in the Euro in the coming weeks. We've had a strong push down from the monthly highs that also failed to break above previous all time highs. A triple top style pattern was also formed in this region which is a strong indicator of longer term downside within the Euro. At the minute however, we have had a daily descending correction into...