I am NOW 95 % NET SHORT ACROSS THE INDEXES 1998 TO 2000 FRACTAL IS NEAR ENDED 18.8 to 19.7 months low to peak . I feel that the markets move also match a close 1978 to 1980 structure . . Wave 1 3 and 5 lasted 468 489 and we are now at 442 I maintain this is the ending of the bull phase from the 2192 projection . I have stated a top should be seen 4460 to 4617 focus 4607 . I have had alt targets on my data . and will be posting this sunday . after 2 pm . bull
Major
Don't loose your head but expect further downside.Focus on the higher time frames, they show the clearer picture, the lower time frames will trip you up. We are going down further and the market is searching to make a higher low in relation to the long term uptrend we are in. We will not go down in a straight line and there will be plenty of opportunity. Don't loose your head, focus on structure of the market and don't act in fear.
Good luck trading.
Strictly opinion and not financial advice.
USD if dont get supported...the big picture is going down ....likely if USD dont hold up with reversal, breaking 91.40 likely have more downside.
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EUR/GBP forecastFX:EURGBP
A previous analysis of this chart is linked below
Alternative analysis for EUR/GBP
A parallel channel has been forming for an extended
period of time on the 4hr, with price bouncing along
the lower and higher edges of the channel, and
breaking major support lines along the way downwards
and indicating a strong moving downwards trend.
The Dollar has been meandering...The Dollar has been meandering for the most part against G10 peers, though mainly elevated and grinding higher with some outside assistance from a downturn in oil prices. However, upside progress has been hampered by a less supportive yield backdrop as US Treasuries recoup some of Friday’s heavy losses and the curve re-flattens ahead of the Fed on Wednesday. Indeed, the index has only extended the upper end of its range to 91.967 from a prior 91.866 and seems reluctant to reclaim 92.000+ status without further impetus after a somewhat conflicting NY manufacturing survey. In sum, headline activity accelerated more than anticipated, while prices paid and 6 month business conditions gathered pace, but new orders and employment both moderated. Bullish bias remains for DXY.
EUR/USD to Complete the Monthly "W" formation Good Day traders !! On this pair we are currently looking at a monthly W pattern that needs to be completed by testing the neckline which is a strong area of support. Going down to the weekly timeframe we have just created a strong level of resistance and also we have a wick that needs to be filled which aligns perfectly with our idea of a Bearish Euro on the short term. On the daily timeframe we are sitting at a strong level of resistance which imply having an impulse to the downside in order to complete an impulse correction impulse pattern. On the 4H timeframe we want to see a market shift from a bullish to a bearish market in order to execute our entry and be looking for a nice 1/4 RR.
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I also made sure to link the previous analysis of Eur/Usd on the comment area for further references.
Safe trade !!
EUR/USD longer-term short? heres my analysis on the major EUR/USD. you can become complacent and just do your analysis from week to week or when every you guys do it, but sometimes you have to look at a pair in a little more detail.
this weekend ive looked at EUR/USD's price action in the past and the potential move that we could get. a lot of people would say this is ambitious, although if you've been keeping up to date with the news in the FX world, anything is possible.
the video cut out just towards the end, which is a bummer, but the analysis is there!
hope you guys have a good week
Connor
Falcon FX student
The Euro pulls back further from Wednesday’s 1.2350...The Euro pulls back further from Wednesday’s 1.2350 apex following another approach, the Loonie recoils from 1.2650+ to sub-1.2700 post-Canadian trade data and the launch of a dispute settlement process against its NA neighbour over tariffs on solar products that it deems to be unwarranted. It may be too premature to draw firm conclusions or make assumptions, but price formation looks promising for the Buck in terms of building momentum, while another solid ISM survey, bar the services employment index, should in theory keep bear-steepening along the US Treasury yield curve intact to buttress the Greenback. Indeed, the Dollar remains on the rebound against all G10 rivals with the DXY eclipsing prior weekly peaks to trade at 89.979 vs its new 89.206 multi-year low.