Potential Crab Pattern on the daily and on butterfly on the 4 hr. Opportunity for going long on this one for about 200 pips. This reversal zone has seen 2 previous lows rejected. Will this be the 3rd in a row? Good luck
EURUSD Potential ABCD Harmonic Pattern.
The AUD against the USD stays in the wide downward trend and despite the troubles facing the USD against all main currencies, this pair didn't change much and was only corrected to the upper border of my monthly angled trend line where it consolidated.
After a 5 Impulse Elliot Wave Pattern on the 4HR chart, it seems the pair is now in the corrective mode hence the ABC correction commencing. Am thinking it s small window for a short opportunity.
Well, weaknesses in the Ausi economy wont help matters to tackle the USD as more people are becoming more interested in the USD despite a few political weaknesses here and there. Here is my analysis for short position.
Might be confirmation of NFP forecasts. Acting as a safe heaven against the USD
Well, hoping that the gap is small when the markets open on Sunday, this is my idea.