MZP
Gold (XAUUSD) 31.01.20 (EN)After Quasimodo pattern development 4h candlestick pattern convinced us to sell Gold from here.
However, we want to sell Gold we should wait for good R: R which is at least 1577 price level for entry.
Our one target is important inside level and the second target is an extended level which is also ABCD target and Zigzag Correction target.
Warning: Do NOT risk more than %2 of your capital for each trade.
Hope Good Earnings
-mecZpasha
XAUUSDCurrently Gold break above the 1480 very key level. We expect a huge upward move here now.
We can easily see that 4h re-test pin bar for entry the trend market.
However, if you miss that opportunity you can maybe wait for some 50EMA on 1h timeframe for a pullback to enter the trend market.
Our first target is 1532.360 and the second target is 1598.2
Good Luck!
If you have any other opinion about XAUUSD, let me know in the comment section below!
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May we meet again.
-mecZpasha
EURGBPEURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone.
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our risk-reward ratio and pull the trigger.
Our targets would-be around 0,84820 and 0,83995
Good Luck!
If you have any other opinion about EURGBP, let me know in the comment section below.
If you enjoy this free analysis, hit the thumbs up button and don't forget to follow!
May we meet again.
-mecZpasha
BTCUSDWaiting for the last touch to 6775 price level before leaving the consolidation area. People could start to buy BTC due to 2020 May next halving as the main reason.
If we see one of our strategies ( reversal patterns, price actions, candlestick formations ) in that specific area we may consider buying BTC from there.
Our targets could be 9000$ and 11500$ first. Then we will monitor the price and read fundamental data for further moves.
Have any other opinion about BTC. Let me know in the comment section below.
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-mecZpasha
EURUSDFor EURUSD We expect another attack on 1.12 at least
Price makes 2618 pattern on the daily time frame and already market leaves weekly Support Zone after making gameplay with stop hunted which is around 1.10
Now on the 4h timeframe, we can monitor ascending double bottom development. If we can break out the trend line and can catch nice pullback on the 1h/15m time frame we can join the swing with a good Risk/Reward ratio.
If you have any other opinion about this pair. Let me know in the comment section below!
Don't forget to hit the thumbs up button if you enjoy the analysis!
-mecZpasha
CHFJPYThe market finished ABCD pattern and move away from 111.860 Resistance Major Level.
Now we can monitor on 4h time frame supply start to gains strength against demand.
Could be the good potential of trade with the good risk-reward ratio.
If you have any other opinion about CHFJPY, let me know in the comment section below.
If you enjoy the video hit the thumbs up button!
-mecZpasha