EURGBP projection based on market structure. The price might break below the trend line aiming for the 0.618 / 0.5 fibonacci retracement level before continuing its upward momentum. Trade at your own risk.
The market seems to be moving in an uptrend inside the rising wedge. Anticipating a break of structure below the wedge, my bias is to go for short. Trade at your own risk.
EURJPY projection based on market structure with wave analysis, and fibo retracement level. Currently waiting for a breakout above or below the wadge. My bias is to go for short.
As per my previous post on EURJPY, the price now have formed a rising wedge pattern following a huge price drop in H1 time frame. Go for short, trade at your own risk.
USDJPY projection based on wave analysis and fibo retracement. Two possible retracement zone to watch out for. Trade at your own risk.
GbpUsd projection based on wave analysis and fibo retracement. Trade at your own risk
My bias is to go long for this pair
Waiting for a breakout and retest. Go for long.
As seen from the H4 time frame, EURUSD might continue its downtrend pattern. Go for short.
Buyers are showing strong buying pressure by pushing the swing low to form more higher lows towards a key resistance level. It seems that the price might go up eying for September's highes high. My bias is to gofor long.
A bearish channel has been rallying since mid September and recently tested a key support level on the 12 of November. This daily time frame of EURGBP shows some opportunity to look for a long, now only waiting for the price to retest the key support before the bearish channel might came to an end.
As seen in the 4H time frame, the price had reached a resistance level in the end of the rising wedge formation. If the price doesn't manage to break above the resisstance level, the rising wadge may end an the price may go down the hill. My bias for this pair is to go for short.
As seen in this daily chart, the GBPNZD might have completed the fifth Elliott's wave within a descending triangle. This pair might form several correction wave that will be followed by a breakout probably above the resistance level. When the breakout do occur, wait for a pullback before entering the market. My bias for the long run is for long.
On the H4 time frame, GBPUSD is currently forming the fifth Elliott's wave within a bullish channel. Eying for the highest high formed on mid September, the bias to go for long remain for this pair.
A bearish channel has been rallying since 9 November and it seems that the price is now testing a key support level. Based on the H4 time frame, it seems that the current bearish momentum might reach an end. Will be looking for a long opportunity.
NZDUSD has reached a highest price for this year last week, thus tested a significant resistance level since earlier month of last year. Based on the 4H time frame, a Head and Shoulders pattern had occurred suggesting that the price might retrace, eying for the 200 day moving average. If the price manage to close below the 200 day moving average, the bullish...
Based on the 4H time frame, the price had entered the fib area between 0.5 and 0.618 after retracing from the previous higher high, thus tested the previous resistance as a new support and forming a new higher low. Go for long, target profit around the previous high and stop loss slightly below the newly form higher low.