AliAnari

AliAnari

GBPUSD:Oanda 1D chart analysis : 1) trend 2)MA analysis 3)Oscillator analysis : 1) trend : we found that market is in an overall intermediate uptrend from the higher time frame and we are also at the end of a minor degree uptrend and in a correction/reversal phase of the minor uptrend. which seems to be a bullish flag and the correction will most likely hold...

AliAnari

As the preceding uptrend may have been completed and we are on the correction phase of Elliot waves , the correction has almost shaped a flat which also confirms the shaping double top considering the decreasing volume in the second peak however the double top has not been confirmed yet. Entry 1 : first short position can be entered based on the completion of the...

AliAnari

as first parallel channel was broken into a steeper one and the price action is now is at a very strong support provided by previous channel and new created channel its a very good entrance opportunity.

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If we take a look into the AUDNZD initial uptrend starting on the very end of January , we can break the chart into Elliott Wave fractals. As shown in the analysis , waves 1 , 2 and 3 of the motionwave have already happened and wave 4 is happening .It's expected for wave 4 to continue dropping the price until the 38.2% or 50% Fibonacci retractions from wave 3. ...

AliAnari

Now let's take a look at how AUDUSD acted out since November 2016. As you can see the strong 0.77615 Resistance held and the initial downtrend begun ; downtrend continued but eventually stopped right around the very end of December , 0.71633 support level stays strong and the uptrend has begun. As shown , the first uptrend moved kind of strong up towards the...

AliAnari

considering the Fibonacci resistance held strong , in the low time frame chart , it is expected for the USD to take a hit up and as a result USD/JPY hits the Fibonacci 88.6% extension level , the last target would be the 100% Fibonacci level , quite an Ok RRR as well . *** Keep in mind this is a short time frame base chart and it's a 1-4 hour target . **the top...

AliAnari

Take a look at the XAUUSD and the downtrend starting in first week of November 2016. We can see that the 50% resistance level held strong but broke eventually and price rose up to 1244.519 but eventually this 61.8% Fibonacci resistance level held it and a downtrend is froming as a result . a order of 5.5:1 leverage could be placed as you can either target the...