EUR/JPY overall trend Short !EUR/JPY multi-timeframe analysisfrom W1 time frame it shows signs of a market direction change.
Elliot_waves
Falling Wedge- Bullish (Long) - UpdateBeen a while since I've posted an update on ETH, starting to catch my eye here as it continues to sell off for potential long entries. ETH is holding quite a large falling wedge here on the daily timeframe but also is testing a long-term uptrend line. ETH is also seeming to be following an ABCDE Elliot wave so will be looking for a potential bounce or breakout after completion. (correctional wave, however, if at the end of the E wave there is no demand on the buy side, there will be no breakout).
Lastly, something certainly worth noting and keeping an eye on the weekly timeframe- a bearish bat harmonic pattern is formed and currently playing out (See Attached Chart Below). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bearish in the short-term but bullish in the long-term so will be watching closely for potential long entries, all previous charts are attached below
- Falling wedge on the daily timeframe
- RSI in oversold territory on the daily timeframe
- ABCDE Elliot Correctional Wave playing out
- Bearish bat harmonic pattern on the weekly timeframe (See Attached Chart Below)
- Declining volume on the weekly timeframe (See Attached Chart Below)
--Weekly Timeframe--
--Previously Charted--
EURUSD migh go upperHere we can see the begining of Impulse Elliot Wave. We'll see what's happens next week in macroeconomic world. Actually USA-China trade talks may affect it greatly.
GBPJPY Long on the end of wave 4We could be at the end of wave 4, also lining up perfectly with a strong support
