Ahmedmesbah
EUR/USD [1DC] What Next?! Noise FREE Setup until December 2017.OANDA:EURUSD
Hi Guys,
This setup is my own expectation of EUR/USD price action up til December 2017.
Total Direct bearish action: 750 Pips
Total indirect bullish/bearish action: 3000 Pips
1st Impulsive bearish wave: From 1.09400 to 1.06600-SHORT
2nd Impulsive bullish wave: From 1.06600 to 1.09200-LONG
3rd Impulsive bearish wave: From 1.09200 to 1.05000-SHORT
4th Impulsive bullish wave: From 1.05000 to 1.08200-LONG
5th Impulsive bearish wave: From 1.08200 to 1.03300-SHORT
6th Impulsive bullish wave: From 1.03300 to 1.06600-LONG
7th Impulsive bearish wave: From 1.03300 to 1.01600-SHORT
This setup is based on price action during 2016 which has been ALMOST IDENTICAL in its behavior in comparison with 2017 so far!
The price is moving in a huge descending channel and now is forming a big flag that will bounce off the down trend line and break the flag bottom line to 1.05000.to go back and retest recent highs around 1.082. Read the chart with some focus to follow up with the rest.
Remember that this setup can change anytime due to any intense fundamentals that might VOID the whole analysis.
Regards,
USD/JPY [1DC] Cypher Pattern Completion. Long it!FX:USDJPY Seem to be quite oversold!
*Cypher Pattern has completed on the current daily chart.
*Fib Channel shows that UJ price like to reverse around the 0.382 line.
*Current TP is set as well to Fib. Ret. 0.382 as well.
*Full target is about 250 Pips in an estimated duration of 1 week.
**Trade on your own responsibility. Regards,
NZD/CHF A BEARISH WAVE IS ABOUT TO LAUNCH!OANDA:NZDCHF
I have been watching this pairs closely today. They have reached an important price from which it can breakout UP or DOWN. I am kind of into a bearish movement which will be executed over different stages as illustrated on the chart. If it broke above the current resistance then it will try to hit 0.70700 and from here a different scenario might be adopted.