ALPARI
xauusdOANDA:XAUUSD
Hello friends
In the 4-hour time frame, by specifying a number of major areas and price exit from the descending channel, we assume that after confirming the completion of wave 1, the price should fall by about 50-61% and after hitting the edge of the descending channel, we will go for wave 3, which actually It is our main target, but the end of wave 3 and most of wave 5 can determine the fate of gold for growth above 2000, whether we will break the historical peaks or not.
USDJPYHi guys,we have a short term look at USDJPY and a long term prediction.
As you see in my chart i have a bearish wedge in blue that show it's time to short but in other hand i have a long term Symmetrical triangle that is a continuation pattern,we had a break out of it but one of the important part of these triangles is fake break outs.
So my first target is 111 in favor of bearish wedge and after a test of triangle as a support maybe we continue upward to black dashed line but have many resistance in way and i think we will break triangle and enter that again.
I will update this post with any new sign but what i'm sure about it now is a little drop from this area.
If you want to short don't forget stop loss.
Good Luck.