USD/JPY directional bias is bullish on H1.Currently the market was on a sell retest giving an opportunity for buyers to add more trades for the long run.For the buy confirmation the market is currently on a market markers evel supply 144.800 which supports the long entry on thus level;we are also on 50% of thenPD Array.
EUR/JPY feom weekly time frame gave out a gardley pattern,and also Elliot impulsive wave of which are to be followed by corrective elliot waves.
EUR/JPY on higher time frame has completed wave 5,currently working on completing wave 5.The major trend is Short on this asset,we will be looking for sell continuation patterns.
EUR/JPY multi-timeframe analysisfrom W1 time frame it shows signs of a market direction change.
Nasdaq Daily time frame has been on a retest of A,B & C.On smaller time frames (H4,H1)when viewing the correction the first corrective wave A (to the downside) was made of simple A,B,C waves,while corrective wave B (to the upside) also consisted of wave A,B,C,and lastly wave C (to the down side) consisted of complex wave 1,2,3,4&5. Nasdaq has successfully...
Correction phase on Nasdaq Daily time frame.Currrently undergoing wave B if the corrective phase of Nasdaq.
Nasdaq on H4 time frame has hit a strong resistance level,and fib level 50.0%.As we check market structure we learn that we had a H & D pattern and of which will influence the sell we bout to experience.
Elliot wave has three phases in it namely the impulse phase,the correction then trend continuation.Every once or twice when a market has overboard it has to go to the downside and undergo a correction before a continuation can occour...that is known as a complete market cycle.The sell correction in the case of nasdaq will be driven by rising inflation numbers over...
FIB analysis on H1 show a strong upside movement that will occur during the upcoming days.
GOLD TO THE UPSIDE ! Gold has shown strength loss for the bears as it came back to a tested demand level.
On the Daily time frame gold has broken the channel it was in and now came back for a retest before shooting to the stars.On H1 when analysed using fib its been confirmed that it is at the retest level 0.50.