CHFJPY H1Hi traders, CHFJPY is setting up for a downside move watch price action and look for short GOOD LUCK.
Correctivestructure
DXY : DOLLAR INDEX H1Hi traders, DXY is setting up for a upside move watch correction to complete and look for long GOOD LUCK.
Aussie Remains Bearish After RBA Policy Meeting
Markets were slow at the start of a new trading week because of the holiday in UK, but this will be expected to change as speculators wait on CB policy decisions. RBA meeting was the first event where members judged that a further increase in interest rates would help bring inflation back to target and create a more sustainable balance of demand and supply in the Australian economy. They discussed the arguments around raising interest rates by either 25 basis points or 50 basis points. They see rates coming back to normal, meaning that sooner or later speculators could see this as bearish for the Aussie.
From an Elliott wave perspective, we see pair in a deep complex correction, currently in B of Y, so there can be more weakness coming soon, especially if stocks will continue to weaken this week on the hawkish FOMC decision. So short-term pair can stay bearish but from a longer-term perspective, we assume that the pair can find a support near 0.64-0.65, possibly later this year.
DXY next moveAs my analysis before, I mentioned that DXY could started to bullish again from 107.9 and other asset are tanking.
This is my view of DXY for this week :
DXY is now in corrective move and could sweep the liquidity between 109-108 area before continue upwards
We will have FED % rate news release on 21th Wednesday with 75bps forecast
This news will decide the next DXY move.
EURJPY Potential breakout and bullish continuationWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD H4Hi traders, EURUSD is setting up for a correction wave. I am expecting a beautiful correction from the EURUSD and hit the upper trendline and 0.618 fib level. Incase that is not happend maybe my view are wrong so then if EURUSD breakout to the downside trendline then it can go to a previous low and form maybe a double bottom scenario GOOD LUCK.
GBPAUD H1Hi traders, my view for the GBPAUD it can break above or go for one more downside move.
Wait for the confirmation before enter in market GOOD LUCK.
USCAD UPDATE Following CPI Report Welcome back! Let me know your thoughts in the comments!
**USDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURCHF H1Hi traders, EURCHF is setting up for a upside move watch a sharp breakout and look for long only if breakout GOOD LUCK.
AUDUSD MONTHLY VIEWHi traders, AUDUSD is setting up for a long position watch price action in a lower timeframe and look for long.
NOTE : My view or idea is just a technical base not combined with fundamental so trade wisely GOOD LUCK.
Ethereum- Wait on Bounce From The Support First, Then BuyHey all,
Cryptocurrencies are trading lower, as USD gets strong across the board and stocks turn down. There is room for more weakness in the near term, but the Ethereum can still be interesting for a bounce if the 68.1% and 78.6% Fib will hold.
For more details, check the video.
EURJPY Impulse Wave Correction SHORT from SupplyWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDUSD Local buy from demand zoneWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Zomato analysisthis is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
PLTR: Big corrective structure?Clearly I was wrong with my previous PLTR view. Still would like to catch the impulse. Thinking LEAPS near $5 and diamond hand it? Let me know what you're thinking!
If you've been following for a while, sorry about the lack of posting. Life got very busy!
AUDUSD Double Bottom Completed 80+ PipsWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD CPI Report Breakout-What's Next!Welcome back! Let me know your thoughts in the comments!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPNZD It will correct upward 100+ PipsWelcome back! Let me know your thoughts in the comments!
**GBPNZD - Listen to video!
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TESLA Is Back To Bullish ModeHello traders and investors, today we will talk about Tesla, in which we see pretty nice and clean bullish development from Elliott wave perspective.
As you can see, after we spotted 5th wave back in November 2021, Tesla made bigger, a higher degree A-B-C zig-zag corrective decline from the highs. Corrections usually retrace back to the former wave 4 and Tesla stopped exactly at the projected support, where we also see equal wavelength A=C. This is actually a textbook Elliott wave pattern.
Well, with recent bounce and recovery away from projected support, seems like bulls are back in the game and we can easily expect more gains, just keep in mind that bulls can be confirmed only if breaks above channel resistance line and 1155 region.
Happy trading!
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EURCAD I NEXT MOVE! Let's GO! :) Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Best entry points to long SolI am expecting this week or the next one will be a corrective week, so some good opportunities to long your favorite crypto are coming.
Sol found resistance again at $47. The rejection on this level was expected as there are many limit shorts.
The 1st important level to start accumulating slowly Sol is located around $38.50; a very important level.
The next one is near $32.00.
What will happen if we break $38.50, I will reveal it in my next TA.
JPY INDEX BREAKDOWNThe market has completed the impulse wave (12345 waves) at 809.00 price level. A correction wave comes next which carries 3 waves (ABC waves). From now, we will expect price to continue upward in a corrective manner up onto 885.00 price level probably respecting 61.8% fibs level before we can see some reversals to continue it overall bearish trending market. As price reaches 885.00 level, we will like to see some rejections and reversals to tell us that price will make a turn. Let's see how the market plays out in the future time to come
STAY BLESSED...
