UnknownUnicorn3817558

UnknownUnicorn3817558

What technical information can we get from DXY 1. Dollar broke larger correction channel highlighted in Black trendline 2. Dollar broke ascending channel highlighted in blue with major impulse since 20th April 3. Price still remain above 50EMA 4. Price likely to form a double top structure Summary: Dollar remain hawkish with no sign of exhaustion and to...

UnknownUnicorn3817558

Hi guyz, Here are some update on EURUSD bullish ideas: We want to take on Dollar index bearish move to go Long on EURUSD if only we see a clear confirmation There are possibly 2 scenarios where a Long setup could be fit in the chart: 1. When the price break above the level and start creating its first HH & HL structure where our entry point would be at the...

UnknownUnicorn3817558

Hi guyz, We have price heading towards a confluence area i.e Previous resistant zone at 61.8% fib level which we aim to short GBPJPY. The level also gives us better risk to reward ratio However, If the price doesn't go up to that level, our entry point would be at the break of trendline and after when the price making HL and LL structure Thanks

UnknownUnicorn3817558

Good Day, Here are some updates in JPY index: 1. Price now in its correction process after JPY gaining momentum and bullish impulse happened last week which resulted massive selloff of almost all yen pairs 2. Since JPY in its correction process we can notice all yen pairs start making correction with clear structure and pattern 3. We would monitor any price...

UnknownUnicorn3817558

Hi guyz, Here are some ideas we can derive from NZDJPY Daily chart based on EWave's perspective 1. NZDJPY has previously completed its 5 waves since March 2020 and currently heading towards major correction process 2. Price has completed it's Wave A cycle and we are now looking at the extended Wave B process which we hope to see a major push down towards Wave...

UnknownUnicorn3817558

Price has make a heavy bearish movement since yesterday and we would like to see if the current correction is a continuation move from the recent impulse to support our Short bias The only confirmation of beginning counter trend would be at the break of support trendline where price start to make new HL and LL If none of the above is not fullfil we can't expect...

UnknownUnicorn3817558

Hi guyz, Some info on the Dollar Index and what information can we get by looking on its past movement 1.Price is clearly moving towards major bullish trend within its parallel channel. The only confirmation of counter trend start at the break of bullish trend and its previous market structure 2. Based on eWave if im counting it right, Dollar have completed its...

UnknownUnicorn3817558

Hi guyz, This is some prediction on CADJPY for us to monitor 1. CADJPY is approaching a swing high trendline to complete its third subwave after massive spike since last 2 weeks 2. We can see previously price made various pattern within bigger correction structure in Wave 4 and finally broke to complete its cycle for final Wave (wave 5) 3. We would like to see...

UnknownUnicorn3817558

What information can we derive from JPY Index: 1. Yen is heading towards major swing low trendline. We notice price bounce 2 times in Jun 2020 & May 2021 and we predict it will follow the same pattern 2. From eWave perspective, Yen is in process to complete the final wave (wave 5) 3. It previously broke the correction process of subwave 1 & 2 and currently...

UnknownUnicorn3817558

Good Day, This is a potential bigger outlook from GBPJPY using Ewave's perspective What information can we get from this chart: 1. Price has broke the expanding correction in wave 4 heading for the final impulse wave 5 2. Price also broke the correction trendline in subwave 2 heading to subwave 3 3. We can anticipate that price will make few minor...

UnknownUnicorn3817558

From the chart, we have identify a complete 5 waves which previously lead to major bearish impulse. At this time, it's difficult to identify a bigger corrective structure and we noticed only wave A has completely formed Using a parallel channel to measure a rejection from the swing low trendline where likely a start of wave B Only interest to go for Short for...

UnknownUnicorn3817558

From EWave's perspective, looks like the price will continue to expand its correction by completing the ABC pattern I also draw the parallel channel to see if there is price rejection from the swing low trendline which also in line with 61.8% fib level We could take an immediate Long position before waiting for a bigger drop

UnknownUnicorn3817558

From the chart we can conclude that: 1. There are 3 area of confluence where which may favor towards our bullish bias: a. Price at swing low trendline (we see price couple of times pullback from the trendline support which we hope that the price will do it again b. Price at structural level which previously price came to that area and reverse c....

UnknownUnicorn3817558

This could be a potential direction for EURUSD considering the movement of Dollar Index We combine the up and down of the price based on Stoch level on 1H, 4H and 1D timeframe Opening & closing position at the key level will help to reduce the risk in trade if the direction goes south Thanks

UnknownUnicorn3817558

There are probably 2 scenarios: Long Setup 1. Dollar Index currently at structural level and we expecting the price to start make a retracement (short term bearish) which we will use that move to go Long on GBPUSD 2. Expecting GBPUSD to bounce from the structural level and reject the trendline 3. Looking for HH & HL structure on lower TF before considering a...

UnknownUnicorn3817558

What information can we derived on EURJPY daily chart? 1. Price reverse from the swing high trendline and made a heavy bearish move last Friday 2. Price broke below trendline and structural level 3. Stoch at the highest level signaling the beginning of reversal trend and to go long at this level is not advisable 4. Yen Index spike last Friday from the support...

UnknownUnicorn3817558

What information can we derived on GBPJPY daily chart? 1. We can clearly see a triple top formed with bearish candle closed rejecting the structural level last Friday 2. We need to see a clear price break the trendline and structural level to confirm bearish movement 3. We spotted 2 leg divergence on RSI which may hint us with heavy sell off Overall bias =...

UnknownUnicorn3817558

What information can we derived on GBPUSD daily chart? 1. Price rejected few times at the structural level (grey box) which happened to be at 61.8% fib level 2. Last Friday the price closed in indecision movement (doji candle) 3. The only bearish confirmation when the price break below the trendline and structural level (yellow box) Overall bias = Bearish...