Moderate retracement on EUR todayMorning guys,
We keep bullish context on EUR, but right now market has reached daily K-resistance area and completed few intraday targets. This butterfly is among them.
This makes us expect pullback today.
SIVE
BTC is tending higherMorning everybody,
BTC shows upside breakout of the Double bottom neckline that we've suggested yesterday.
Now we have two targets that coincide the same area - AB=CD 1.618 and classic DB target. Both stand around 7070
GBP - is it time for collapse?Morning guys,
our 2 week target is completed, as Cable has reached the AB=CD target and formed "222" Sell pattern.
Right now it is very fascinating and thrilling situation around GBP as it is based on poltiical background.
Today we've put detailed analysis about it. You could watch the video or read the text version with precise patterns, targets and explanations - just follow our signature link, dedicated to FX market.
Gold could show deeper pullbackWe still keep daily bullish context, but on intraday charts market looks a bit heavy and shows number of bearish signs.
One of them is "222" Sell on 4H, and it suggests deeper retracement. But we have another ones as well.
Also this pattern has one pitfall, that you should care about, if you want to go short with it.
What this trap is - visit our signature link, dedicated to Gold analysis.
BTC Double top is possibleMorning everybody,
recent volatility makes useless lower time frame analysis. Here, on 4H, while BTC will keep lows intact, Double bottom is possible.
If price will drop back below them - it will mean that we again on the road to our 5900 target.
But, if even DB will be realized, it will lead to higher upside bounce but not change daily picture, where we still keep bearish view.
Gold keeps bullish sentimentGreetings,
our yesterday's Setup with "222" Buy has worked perfect and gold has completed AB=CD upside action.
Although we have positive look at daily gold and expect action to 1217-1218 area in nearest perspective, within few hours gold could show pullback,
based on nice "222" Sell hourly pattern
BTC keeps bearish contextMorning everybody,
BTC shows lazy behavior in recent 1-2 sessions, so we keep our daily setup valid. It's bearish and target stands at 5900
Hence, any pullback that will be formed, we treat as chance to go short at better price. Now BTC stands at strong Fib resistance area and natural acc/dist. zone.
Although that we take in consideration possible "222" Sell pattern here, but at the same time, we do not exclude situation when BTC will fail to break this area and start dropping.
If price will drop below "C" point here and erase recent strong upside action we could get downside butterfly pattern.
Gold keeps bullish contextMorning everybody,
Gold has formed DiNapoli bullish daily grabber yesterday. It means that while gold keeps its lows, context stands bullish and market keeps chances on
challenging of 1217 top.
On 1H chart we have "222" Buy pattern, based on daily garbber's swing.
For more details, please follow our signature link, dedicated to gold analysis.
BTC aims on daily target?Greetings everybody,
Market has failed to follow reverse H&S pattern on 4H chart. In fact BTC has dropped on background of rising FX and Gold markets.
Failure of H&S usually leads to drop below the head, which makes us think that BTC aims on our daily 5900 target finally...
Gold could renew recent lowsLast Friday we've got DiNapoli bearish grabber weekly pattern, which suggests taking out of previous lows on weekly chart.
This makes us change daily view as well. Currently difficult to forecast definitely how lows will be taken - either just washed slightly or with true breakout.
Bullish context could be re-established, if market will break up recent top and erase the grabber.
While grabber is valid, any long position on daily chart is accompanied by significant risks.
For how better to play this situation and what daily/intraday we see - check our signature link, dedicated to Gold analysis.
EUR could show deeper retracementGreetings everybody,
Friday's sharp reversal was a bit irrational from technical point of view. This is the reason why we think that EUR could show deeper retracement.
At the same time, we do not cancel yet our daily bullish scenario with upside action to 1.19 area, but have to switch from simple AB=CD to "222" Buy pattern due recent price action.
For detailed intraday analysis, targets and patterns please visit our signature link, dedicated to EUR analysis. Also you will find fundamental research on perspective of world crisis in 2020.
Believe us, its really thrilling.
Bitcoin could show deeper upside retracement if...Greetings, guys
as BTC stubbornly stands right under major 3/8 resistance, it could mean preparation for the attempt of upside breakout. We see multiple patterns on intraday charts,
that specify targets and could make our life easier for identification of either bullish context or its failure.
On daily, if we will be right on deeper upside retracement, we will keep an eye on "222" Sell pattern, because on daily chart our context is bearish, and we still keep valid our scenario with 5900 target.
For detailed information on intraday patterns, precise targets - please visit our signature link, dedicated to BTC analysis.
We expect upside breakout on gold marketMarket yesterday has completed our short-term ultimate 1211 target and we need to increase scale of targeting.
While our medium-term expectations are 1240-1250 area, in shorter term we have 0.618 AB-CD extension above recent top.
While market holds 1200 lows valid and stands above re-tested trendline, we're looking up.
Currently price action mostly points on upside breakout attempt and reaching 1217-1220 area, depending on amount of stop orders above "B" point
Next BTC target is - Although the whole upside action is just a retracement after strong daily/4H plunge and potential '222" Sell is still ahead,
on 1H chart we have skewed reversed H&S pattern. Once BTC has hit our OP ~6520$ target recently and erase "Sell" opportunity of "222" pattern,
we suggest that next XOP target @ 6718 on the horizon.
Trading process here will not be simple, at least for new long entry, because of the way how price is moving right now.
Now clear patterns, no meaningful retracements.
But, as BTC stands right now at daily 3/8 Fib resistance, maybe we will get something valuable today
EUR has to stand above triangle to keep bullish contextIf you've read our EUR analysis yesterday on signature link to our website, you probably know that our bullish setup, based on two bullish grabbers that have been formed
on 4H chart has worked. AS a result we have upside triangle breakout.
EUR has to stay above it to keep bullish context. Drop down, back inside the triangle we treat as negative sign.
Next our upside target you could find on our signature link dedicated to FX analysis.
Next upside target on gold is...Morning everybody,
so, our 1207 target has been hit very fast and now gold shows normal technical pause. Next one we expect at 1211.
For details, where to take position and how to do it - follow our signature link, dedicated to gold analysis.
What next target on BTC?So, it seems our yesterday's bet on upside action was correct, although we do not expect that upside action will be so signficant.
This let's us switch to 4H time frame where we have another harmonic pattern is forming. If you want to know what it is and what next BTC upside target - follow our signature link for BTC analysis.
EUR keeps chances on upside breakoutWhile EUR stands above 1.1520 lows it keeps chances on upside action.
Today we see two levels, from which this action could be re-established.
Only breakout 1.1535 level will be clear sign that we're going to 1.1465. Until EUR stands above it, upside action could continue.
For detailed trading plan, patterns and targets visit our FX analysis page, following signature link below.
Gold is preparing to upside breakoutYesterday action was dramatic, perfect example of gold style of action.
But, in dry result, we've got important bullish patterns, which let us expect action to 1202 and then to 1207 targets.
For precise patterns, levels and trading setups visit our Gold analysis page, following our signature link below
BTC looks heavyWhile BTC shows bearish sentiment and we still keep our 5900$ target, while 4H bearish dynamic pressure is valid, other markets, EUR, GOLD shows bullish signs.
So, may be this will hold BTC from immediate downside breakout and today minor "222" Buy could work & keep BTC inside triangle for sime more time.
As overall context is bearish - do not marry any long position on 1H chart. Take profit fast. Breakout, if it will happen will be very fast.
For precise levels and more charts, please visit our BTC analysis page, following our signature link below.
It's all around 6225$Hi everybody,
Currently BTC shows downside action due "222" Sell pattern that has been formed recently.
For bulls, it is vital the price stop either at 5/8 Fib support or, at least above 6225$ lows.
In this case BTC will keep chances to show upside retracement to 3/8 Fib resistance according to our yesterday scenario.
If these lows will be broken, we're going directly to our 5900$ nearest target.
Please combine this report with previous one to better understand the whole picture.
It is another nuance that diminish chances on bullish prespective. Please follow our signature link, dedicated to BTC analysis to know details, clear patterns targets.
1.18 target for EURMorning everybody,
EUR shows a lot of hidden bullish signs, and shows some details that make us keep bullish short-term context.
Our nearest target is 1.18.
Please follow our signature link, if you want to know precise patterns, targets and explanation of our view
We expect gold to hit 1200 target todayGreetings everybody, our medium-term scenario suggest reaching of 1238-1252 major resistance area.
In shorter-term, while gold stands above 1190 lows, it keeps chances on immediate upward continuation.
For detailed charts, patterns, explanations and targets follow our signature link.
