This pair is struggling to go up and showing signs of weakness. If the terminal pattern is broken then wait for a confirmation and take the trade.
As per my analysis all pairs with CAD in it are going to weaken CAD. There was a substantial breakout from the structure in CAD/JPY. Now I am expecting it in CAD/CHF down and EUR/CAD up.
The behaviour of this pair is very corrective which could signify that the pair will soon choose the path of least resistance. IF BREAKINGOUT OF THE CORRECTIVE PATTERN TAKE THE BEARISH TRADE.
There is a high-probability chance this pair could finish a flat move which could bring the price down to at least retest the bottom. IF THE BREAKOUT OF THE ENCIRCLED AREA HAPPENS YOU MAY THINK TO TAKE THE TRADE.
One of the scenarious for this pair is to form a continuation triangle which should finish one more leg up than a bit down and a possible thrust up. The chances for this to happen will be much higher if the pair performs an impulse up during next few 4h sessions near the lower boundary of the triangle. IF you plan to enter on the bullish side wait for a...
There is a high-probability chance the pair has finished a leading diagonal (outlined in boundaries) which might become either the A-wave ot the first wave for the bullish move. If you have a backtested strategy of entering the market zoom in to intraday chart and look for you opportunity. I will update the chart if I am going to enter the market as per my strategy.
This is to describe why I am going to be extremely bullish on this chart for several weeks ahead. Due to its fractal nature the chart might give you a hint of what it is going to make with pinpoint accuracy. Areas in rectangles on the chart provide you with information of how to use the current bullish setup in your trades. If you have a strategy to trade...
This pair is giving me some hard time in terms of its future behabiour. Despite the fact that I am pretty sure it is going to move higher at the moment I do not have a clear picture of when it is going to happen. This is why I have two bullish scenarious. Either it makes one more down move and then takes off like a rocket or it has already taken off and you need...
Current AUD/NZD is still corrective in nature. I am expecting the last leg of the pattern down and then a big thrust up which will probably last several weeks and will be a wonder to behold. IF you have a backtested strategy of entering markets WAIT till the pair finishes the pattern and get in.
For those who did not catch the previous move the market seems to be providing another sell opportunity. Sell the breakout of the corrective structure.
EUR/CAD is crawling up bit by bit to prove its corrective structure. SEll according to your strategy when its breaks the flag down.
Chances are that this pair is going to make a big move down if breaking out of a currecnt corrective structure. Sell if you have a proven breakout technique.
This pair provides a high-probability bullish trade. All you need to have is a working plan to trade or not to trade a breakout.
The pair is trading a wedge-like formation and its range is narrowing which could signify a possible sharp move down to correct the prolonged move up. In case the pair break up the wedge wait for a small corrective pattern and then take action.
Those who are aware of wave patterns might want to find clear similarities between two encircled areas. The pattern under scrutiny is an ending diagonal which could bring AUD heavily down. Those who trade momentum indicators could turn them on and discover divergencies on 1H up to 8H. Even if the pair is eventually going up it will have to retrace some more which...
AUD/JPY is forming a selling opportunity. Sell according to your strategy.
If my analusis proves to be right there should be a gorgeous selling opportunity for the pair as it might be forming an ending diagonal. Some of you might want to catch a thrust up. More prudent people would want to sell the breakout.
Current wave formation in this pair may provide fantastic outlook on how wave patterns work. It seems that to become an impulsive wave of larger degree the current setup is missing the last leg or fifth wave. It would be prudent to wait the moment correction ends and buy the breakout