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XAUUSD / GBPUSD ForecastGBPUSD Price is trading sideways as a corrective pattern which is a contractive bearish Triangle. On the bigger degree we are in a wave 4 phase and looking to complete the wave 5 phase. We have to see the wave E complete before seeing the next drop. XAUUSD We have an impulse sequence unfolding on the bearish direction. Waves 1 and 4 not overlapped and we are looking for a wave 5 completion. The wave 4 could be potentially be completed and we can soon see a drop.
Short
by Weshareio
1
NZDUSD Alternative Count Wave C/3 ?Recently we saw a Diagonal pattern structure, which in this case its double sided based on what the market is showing us now. The push up could be in a Zig-Zag correction pattern form suggesting we will see a sell-off to make a new low, then the second count suggest that the bullishness will still continue. From a Wednesday the USD will gain strength what this means for AUDUSD is that we will sell-off the question is how long will it decline? Whats your views? we will make a new low. we have to continue moving up.
by Weshareio
Starting my funded evaluationHi All, I have started my evaluation process with MyForexFunds and will post all the trades I take from here on in my attempt to journal my trades and look back to refine my strategy. My risk perimeters per trade is 0.5-1% with an intended target of 1:3 RR I will take 1 trade per day, in the NY or London Session This is my trade idea for the day: Price has retraced to an order block from the FOMC News on Friday *market structure bearish *Filling in an area of Inefficiency/ Fair Value Gap *We are at the top of a descending channel with a moving averages crossing and price falling below some major MAs *The 1H candlestick pattern: closed bearish after a doji I believe price will try to make its way to the bottom of the channel 1% risk There is no major news today
Short
by KingTA
2
DXY Where Are We Heading Next?The dollar index is critical from a technical analysis point of view. We have two possible directions as always from the market to pick from. Our systems are bout to help us predict the right direction. But there certain cases where we see both directions as valid based on our systems this case is not any different. Bullish Scenario We recently had an A-B-C correction down which could occur at any phase but either way that doesn't change the fact that corrections are always followed by a pullback to the opposite direction from the direction of the correction pattern itself. Bearish Scenario We have a possible leading diagonal pattern formation suggesting that we will still continue moving in the downside direction. This means we have to make a new low in this case. Which is Which, what's your take? Share Your Outlooks
TVC:DXY
by Weshareio