


Pin_Point_Signal_Service
Price now started to correct it self. Possible Zig-Zag correction down to 61.8% retracement before continuation to up side.
Possible start of a down trend and $ Appreciation... finally ..
Break out to the up side expected. Price is moving against RSI and formed falling wedge pattern which indicates shift in trend. Lower time frame for entry.
As we can see on the chart overall trend is up. After finish of A-B-C Zig Zag correction price made another straight impulse move to the up side ( smaller fat green line ) and then correct itself. Now I am expecting another down move for completion of Expanded Flat Correction pattern which will be short opportunity. When/if pattern is completed I will be looking...
Much anticipated beginning of down trend finally comes to an end... maybe..
Two possible outcomes of price action inside of ascending channel. If price continues with up trend there will be long opportunity at the bottom of regular flat correction. If price breaks ascending channel I will be looking for short entry.
Short opportunity.
As we can see on the chart Yen is very strong against Dollar ever since May and earlier. Price is currently in consolidation and it is possible for A-B-C flat correction beofre another impulse to down side or Zig-Zag correction if Dollar gets stronger. Updates on lower time frame.
Analysis by the book. Price is making possible Zig-Zag correction after completion it should continue with up trend.
EURCAD Monthly chart shows us that price is making big down moves/impulses with corrections since 1995. Currently price is in up trend inside of ascendind channel/correction and is getting very close (around 800pips away) to monthly trend line. This is very good opportunity to go to lower time frames and watch price action.
Price moving inside ascending channel and is forming trend reversal pattern. Down move very possible - RSI in overbought conditions. Updates on lower time frames.
Price is moving inside descending channel. Currently price formed falling wedge pattern with very strong Divergence on RSI which indicates high probability trend reversal and long opportunity on lower timeframe.
Short opportunity for advanced patterns traders.
EURGBP Daily Chart we can see example of triple three correction. Price made Impulse to down side and after impulse there was side ways movement for long period of time. This triple three consists tree correction patterns. First two are Zig-Zags which are labeled as X and the third one is Flat correction which could be Runing or Expanded and its labeled as W....
Price is moving inside of ascending channel. Overall trend is down so this is correction of previous impulse.
Down trend started. Short opportunities.