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5-WAVE

GBPAUD long bias monthly perspective from daily charthi, there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control. i think price will range at upper level at august which 1.95-2.00. if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level. i ll looking for gbpaud's bullish signal this month.
Long
by firatbicer
EUR/USD Price Completes Impulse SequenceIt's key to understanding the market structure in general, for a while now the EURUSD has been in an impulse phase the classic 1-2-3-4-5. Few points to highlight that validate the pattern waves 1 and 4 not overlapped and wave 3 is not the shortest wave. It's been a while since we stuck on the 4th wave phase corrective pattern which was a Triangle with a wave E failure. Waves 1 and 5 are relatively equal. It's safe to say the bullish bias is over and we can expect the price to correct lower as a corrective pattern( zig-zag, flats, or complex corrections.
Short
by Weshareio
Gold/ XAUUSD LONG/BUY🔰 Pair Name : XAU/USD 🔰 Time Frame : 4HOUR 🔰 Scale Type : MID SCALE 🔰 Direction: BUY In our latest analysis, a notable market imbalance has been identified, characterized by an ongoing oversold condition on the hourly 4 chart. However, it is important to note that this imbalance has not yet been fully rectified. Our trading strategy has involved selling at each peak in gold, with a target goal set at $1,900.80 this morning. At the market close, we anticipated the breach of the support level at $1,902. The long-term trend remains bearish, thereby exposing potential risks for buyers. However, it is crucial to emphasize a key observation mentioned in our previous forecast. There exists a significant market imbalance above that is awaiting correction. Despite the prevailing selling pressure on gold, considering its strong weekly downtrend, various technical factors should be taken into account. Currently, gold is situated at the 61.8% Fibonacci level, accompanied by a bullish engulfing candle on the 4-hour chart (bullish pin bar on the daily chart) and a bullish pin bar at today's market close. From a technical standpoint, the weekly bearish chart indicates a fully bearish medium to long-term trend. However, identifying the precise selling point for gold's ultimate destination around $1883, followed by $1770, remains uncertain. Given the market's response and the significant oversold conditions, our prediction suggests that gold will likely reach at least the mid-section of the downtrend around the $1937 area, assuming the 1-hour supply zone is breached. This would eventually lead to the complete refill of the 4-hour market imbalance, situated around the $1943 area, and a retest of the 50% Fibonacci level. Subsequently, the Wyckoff Phases would be completed before gold resumes its downward trajectory. Nevertheless, it is essential to acknowledge that market sentiment can change at any moment. Therefore, we must closely monitor the price of gold before considering the initiation of any positions.
TVC:GOLDLong
by Moon_SmartMoney
On EW-Analysis we sould see 21k in a standard 61.8% correction This is a possible scenario of Price action based on Elliott-Wave analysis. The correction behavior of BTC is that usually it overshoots the correction levels. in 9 of 10 cases it did that in the past until 2018 in the lower wave counts. If it comes this way, it offers better buying prices. From hte anti crypto political development in the US, there is no reason to believe for now that BTC might turn up from here, and go on rise. This scenario is valid until BTC breaks 30k upsides. Until then I tend to stay bearish until we see 21k or below.
Short
by kiaZar