Samuel124

Samuel124

Hello Traders, Below is my short-term outlook of EURJPY. An emerging bullish Cypher pattern has been identified on EURJPY (M15 timeframe). This pattern signals a brief market correction, allowing new buyers to join the EURJPY rally. Completion of this pattern is expected around the 159.592–159.060 region, followed by a likely bullish continuation. Price...

Samuel124

Dear Traders, Below is my outlook on the GBPCAD currency pair. A bullish Bat pattern is forming on GBPCAD, with completion expected in the 1.79105–1.78715 region. After this, an impulsive rally to the upside is anticipated. On the 4-hour timeframe, the overall trend and sentiment remain bullish, though momentum has slowed due to a correction following the...

Samuel124

Hello Traders, It's been a while guys. Below is my analysis of the NZDJPY pair. A bearish crab pattern has formed on NZDJPY after a bullish rally from 86.273 (September 16) to 91.222, suggesting a potential reversal. The rally from 86.273 to 91.222 is characteristic of an impulsive wave 3, and after wave 3, a corrective wave 4 is expected, which typically...

Samuel124

Good day Traders, Trust your day is off to a great start. Here is my analysis of the gold market. 1. Pattern : emerging bullish butterfly with 1% tolerance. 2. Completion : The pattern is projected to attain completion at point D, which is approximately at 2334.638 on the chart, which is why we are considering short position. 3. PRZ Zone : The potential...

Samuel124 Updated 

Good morning Traders, Trust you are doing great. Allow me to continue my storyline of the Gold market. In my previous analysis of the gold market, I identified two unfolding patterns with similar directional implications. While one pattern was invalidated, the other continues to develop as expected. I projected an appreciation in the gold price from 2370.930...

Samuel124

Hello traders, I hope you're all doing well. Below is my analysis of the EURNZD pair and a detailed plan on how I intend to capitalize on this trading opportunity. 1. Pattern : Bullish Bat on EURNZD. 2. Completion : The pattern reaches completion at point D, which is approximately at 1.81178 on the chart. 3. PRZ Zone : The potential reversal zone for...

Samuel124 Updated 

Good day traders, It's been a while, and I trust everyone has been doing great. Permit me to share my thoughts on the Gold market and the potentially unfolding patterns I am anticipating. In the current gold market, I have identified two potential harmonic patterns that may be unfolding. The first and larger pattern is a potential bullish Gartley pattern. The X...

Samuel124 Updated 

Hello trader, I hope your week has been profitable. I want to highlight a classic bearish bat pattern I spotted on the EUR/AUD pair. The chart shows price rejection at point D around 1.61110, with the red zone indicating strong resistance between 1.61069 and 1.61244, which also serves as the PRZ (Potential Reversal Zone). With additional confirmatory signals,...

Samuel124 Updated 

Hello traders, Trust you are good. Please find below my Elliott wave analysis of EURNZD. You can refer to this chart to understand the underlining story. Following significant bearish pressure through an impulsive wave representing wave (A) of wave Y, the price corrected upward from 1.73935 to 1.76526. This corrective wave typically retraces between 38.20%...

Samuel124 Updated 

Good Morning Traders, Trust you are great. Still based on my fundamental analysis of yesterday. I expect a rally on AUDUSD. You can read it here: Cheers!

Samuel124 Updated 

Hello traders, Happy new week to you all. Allow me to quickly do a detailed analysis of a pattern I identified on the GBPAUD currency pair, called bearish Gartley. I believe in the concerted might of Elliott wave and Harmonic patterns. The Bearish Gartley pattern is a harmonic pattern that signals a potential reversal in price from bullish to bearish. This...

Samuel124 Updated 

Eid Mubarak to all our Muslim brothers and sisters, Permit me to do a detailed commentary of economic event on EUR, CAD, and USD. Eurozone Political Instability Impacting the Euro The Euro remains under significant pressure, primarily due to escalating fears of a financial crisis in France. Political turmoil and economic instability in the Eurozone,...

Samuel124 Updated 

Hello Traders, Trust you are great. Below is my Elliott wave analysis of USDCAD currency pair Analysis: The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward. Current State: Wave B appears to have completed its formation. The next...

Samuel124 Updated 

Hello Traders, Happy new week to you. Here is my analysis of the EURUSD PAIR. Analysis of the EURUSD wave structure shows corrective waves. Wave (A) formed a leading diagonal, while wave (B) was a shallow correction. Currently, we are likely in wave (C), which may indicate an upward trend within wave (5) of wave (C). After wave (C) completes around the 1.09860...

Samuel124 Updated 

Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently...

Samuel124

Hello Traders, Here is my analysis of CADJPY currency pair. The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel. What to Expect: We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward...

Samuel124

Hello traders, Here is my detailed long-term Market analysis of EURCAD. This is intended to educate those who might be new or at their intermediate level in Elliott wave theory. The EURCAD currency pair is currently exhibiting a sideways trend, which is characterized by relatively stable price movement within a confined range. This type of market behavior...

Samuel124 Updated 

Hello Traders, Trust trading has been great for you all. Here is my brief analysis of the AUDCHF pair. The AUDCHF pair shows a bullish bat pattern, indicating a potential upward reversal. This pattern was spotted in February and has been responsible for the upward rally noticed on the pair since the first week of February. There appears to be more room to the...