TimeWaveTrading

TimeWaveTrading

GBPUSD rebounded after not reaching the weekly demand zone. However, as the daily upward wave continues, it can continue to move upwards. And if it rises above the blue support line in the center of the chart, the probability of a second bullish wave will increase. And, the second rise is a monthly correction process, so it will continue until at least early...

TimeWaveTrading

EURUSD has just descended into the weekly demand zone. So this is where the correction can end. If the rebound draws an uptrend in a 4-hour Bullish pattern, then the second bullish wave is about to begin. Since the starting line of the second bullish wave is the weekly correction trend line, it can continue to rise until at least early September. If the uptrend...

TimeWaveTrading

EURUSD has two cases. If DXY is to make a weekly correction pattern EURUSD will also fall into the weekly demand zone and aim for a rebound. If DXY continues its weekly uptrend, it will renew its highs. EURUSD will also finish the weekly correction process and refresh the bottom. Therefore, the pattern that will be created in the circled area of the chart will...

TimeWaveTrading

DXY is deeply in the daily supply zone, but can go even deeper into the weekly supply zone. Then two cases can be expected. First, you can expect the monthly correction pattern of the W-X-Y structure. After falling once more with the monthly correction process, a monthly upward wave may start. However, since the new low is where the weekly correction trend line...

TimeWaveTrading

USDJPY continues its daily downtrend. So there are two cases. If it rebounds, it is a case where the daily down wave continues in the daily supply zone and a case where a weekly down wave starts after rebounding up to the weekly supply zone. And, the target for the downtrend is to reach near the monthly demand zone. If there is no further decline in the above...

TimeWaveTrading

USDCAD maintains a monthly uptrend in a monthly bullish pattern. Thus, the current pattern can change to a leading diagonal pattern under the condition that the uptrend will continue. If so, after the last correction and if it rebounds, I expect an uptrend to renew the high. Keep an eye out for opportunities in the monthly demand zone.

TimeWaveTrading

EURUSD changed to a correction pattern as the second rising wave pattern failed. However, a rebound opportunity may appear in the daily demand zoen. At that time, a second rising wave may occur, so you should watch it carefully. You must follow the monthly correction process to redraw the bottom after a significant drop. That line will be drawn as the starting...

TimeWaveTrading

AUDUSD tries to maintain its uptrend as the 4-hour bullish wave has not been broken. Below is the daily demand zone. If it does not rebound strongly here, it will be a weekly correction process, and if it rebounds again, it will be a monthly correction process. Therefore, it is advantageous to look for buy opportunities rather than sell.

TimeWaveTrading

US Oil can wait for the second rise as the primary rise is over and go through a correction. It should be a weekly correction process. Otherwise, if it falls to the bottom, the running flat pattern becomes an extended pattern, so the next weekly correction process can occur higher. Please take a good look at the daily demand zone today or tomorrow.

TimeWaveTrading

GBPUSD failed to settle above the very important blue support line. Therefore, in order to continue the upward trend, it must be changed to the correction process of the running flat pattern. Otherwise it will drop into the weekly demand zone, this pattern will be a very bad case and will most likely test the bottom as that blue line continues to act as resistance.

TimeWaveTrading

AUDUSD continues its 4-hour uptrend, but when the last support line is broken, a daily correction is required, so the high can be a short-term resistance line. And, a new support line must be maintained on the blue support line drawn on the chart to become a monthly correction process, and the next target can reach the monthly supply zone. Otherwise, it will end...

TimeWaveTrading

The DXY is in a position where the daily bearish pattern could be renewed, followed by a daily downtrend. Keep an eye out for action coming from the short 4-hour supply zone and daily supply zone. The most probable scenario is a drop in the 4 hour supply zone and then a rebound in the daily supply zone. Then, come down from the daily supply zone and test the...

TimeWaveTrading Updated 

Gold is in an uptrend following the daily correction trend line of the daily bullish pattern. If you look at our previous analysis, we recommend a buy when the daily bullish pattern occurs early. For now, a landing above the blue support line drawn in the center of the chart is a very important criterion to sustain the uptrend. Therefore, while drawing a daily...

TimeWaveTrading

EURUSD is likely to expand with a monthly correction process like GBPUSD and AUDUSD. The most obvious AUDUSD is running first. EURUSD will rebound from the 4-hour demand zone, continuing the 4-hour uptrend. If the 4-hour correction trend line is broken, a retracement will occur according to the daily correction. At this point, we expect the low to be the starting...

TimeWaveTrading

USDCAD seems to have been expanded to a monthly correction rather than a weekly correction. As the expected weekly support line has been broken, it will descend into the monthly demand zone. The process is expected to be a correction pattern of W-X-Y structure or a correction pattern of Zig-Zag structure. After the correction, if it breaks above the red dotted...

TimeWaveTrading

GBPUSD broke again above the very important blue support line, meaning it could be extended with a monthly correction. Then, the weekly correction will be an extended pattern, and after testing that blue support line again, if you get strong support, the monthly correction process of the weekly bullish pattern will appear. Today, there will be a buy opportunity...

TimeWaveTrading

OS Oil is in the monthly demand zone, so it has a chance to rebound to the weekly supply zone to make at least a weekly correction. So join the short-term uptrend following the daily correction trend line. The overall trend is the monthly correction process of the downtrend, and the bottom can be tested again after the weekly correction process is over.

TimeWaveTrading

EURUSD has broken through the daily and weekly supply zones. Therefore, it can be extended to a monthly correction process. It is important to move above the blue support line on the chart, and even if a retracement occurs, support should be found near that line for an uptrend to follow. Otherwise, it will take its place as resistance. The bullish target will be...