#EURUSD Updated Weekly Analysis: Shark, Gap, 78.6, DivergenceTraders, here is the updated analysis on EURUSD. The previous zone was invalidated by the market and we do not have Cypher pattern anymore. We now have reached a point where we have multiple confluences:
1. Shark Pattern Completion
2. Previous 2017 Price Gap
3. Monthly Time Frame 78.6
4. Fibonacci Confluence
This can be a very good long opportunity.
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Vikinsa
#XAUUSD #Gold Weekly Analysis: Pattern To Short And Then Go LongTraders, Gold has been bullish as expected due to fundamentals too. It is about to complete a pattern which can give us a short position soon. But overall I still think it is going upwards to complete a monthly time frame pattern. Watch my previous analysis on you tube.
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#EURGBP Weekly Analysis: Pattern, Divergence, Double BottomEURGBP has been mostly following EUR last week and fell from a good level. It is now testing previous lows and it may continue a little further to create double bottom or divergence. We also have a pattern getting completed. So if we get a bullish confirmation, this can be a very good long position.
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#EURUSD Weekly Analysis: Last Bull Chance Inverted Hammer, FibTraders, EURUSD has been punishing traders by not giving any kind of retracements upwards. It has been strongly and quietly breaking all support levels pushing the price down. That behaviour is not normal and is currently consistent with DXY (Dollar Index) behaviour. (See DXY analysis attached). We now have reached a point where we have last chance for bullish scenario, at least with current analysis. We can expected a bullish move upwards and then back down to create divergence/double bottom. Hit the like button, subscribe and share if you found this useful. Thanks!!
#DXY Weekly Analysis: Cypher Pattern Over Extended Price ActionTraders, DXY (Dollar Index) has been dragging its feet and pushing itself up without any retracement. It is behaving exactly like EURUSD but in opposite direction. We now have a cypher pattern completing too which can give us a very good Short entry. We must wait for a bearish confirmation and enter a short.
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#AUDUSD Weekly Analysis: Bullish But Losing Strength & Momentum?Traders, AUDUSD has been bullish after completing several patterns inside the high probability zone. It came back in the zone to create a divergence and now it may come back. On 4H time frame we can see it losing momentum. So we will plan our trades based how it reacts on the completion of 4H time frame. Checkout DXY and EURUSD weekly analysis too.
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#GBPUSD Weekly Analysis: More Downside Expected Sooner Or LaterGBPUSD has been creating bearish pattern and last week's rise was expected due to :
1. 38.2 Fib target hit
2. Mid of Bollinger Band hit
3. Weekly Bull candle hit (Mid of the M pattern)
So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from.
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#CADCHF Fibonacci Analysis Tutorial & OpportunityTraders, in this short analysis, I show how to draw Fibonacci ratios to predict market movements and plan trades. We also look at how we plan to execute these trades for best R:R.
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#EURCHF A little High probability zone with pattern completionEURCHF A little High probability zone with pattern completion: As EURUSD has been been weeak and is expected to to fall a bit further down, I am expecting EURCHF to reach the zone and complete the pattern. We have good fibonacci confluence there. The zone is small so it can be a good R:R opportunity.
#GBPUSD #Brexit Special Short (Risky Potential Bull Trap)The rise in GBPUSD can very easily be institutions hiding their intention to short GBP and creating a BULL trap. We have several trend lines, patterns and overbought price. There can be huge volatility but GBP is my opinion going down very soon. It will be risky to trade it for retail traders.