xrp is struggling to break the mid-range of the 0.24 and started a small consolidation. We detected an impulsive wave and a correction. if the price breaks the 0.245 range, we could expect an upside movement to tap the highlighted 0.28500 zones.
price of the euraud hit the upper trendline and ended with a nice wick where the bears are turned in to the market. with a bullish audusd/audjpy in mind, we certainly can expect a bearish euraud for the upcoming days where we can see that the price can fulfill the targeted areas
price rejected the fib 618 level at 1.7474 and made a clear lowe low and rejected the .50 of the fib as well. if had broken the trendline and made a stoplosshunt just above the fib level. with an expected strong OIL, we have the option that it will bring down the price of GBPCAD to the 1.66 level where strong support is waiting.
poundusd is testing at the moment of writing the lower trendline and ended with a pin bar on the hourly chart. in the upcoming week, we can expect a stronger pound against USD to hit new higher highs. we will be watching this pair closely for some 200/300 pip movement. potential long area: 1.27500 potential target: 1.31500 these are my personal ideas.
after the massive selloff from this week, we see that the price is approaching an important support level which is respected multiple times in history. all stocks and indexes are in deep red numbers and this includes oil too. on the other hand, we know that this selloff has also an end. from next week, we can expect some reversal signs. personally I expect some...
uncertainty in the world has pushed a lot of pairs to new lows. if we look at the US30 - DJI - DAX, we see the same bearish structure. bitcoin is dealing with uncertainty too and we see this back in the charts. 1: price hit the upper trendline (5th wave) and started to form the correction which we mentioned last week. 2: price rejected at 786 of the Fibonacci...
28000 - 27900 is a zone where we detected multiple pips. after the massive loss of 1000 points, we are facing a reversal/retracement of the daily loss of yesterday. we see that the price is trapped in the yellow box en developed multiple wicks. We can expect around 14:00 a stop hunt to the level 27880, and after that, it will rise.
educational post: We see here a classic stop-loss hunt from the level 1.06000. We saw earlier a lot of rejections at these levels with multiple rejections. With this price, it is quite normal that there will be an attack on the stop-losses placed below this level. In all my posts, I mention always to look for this kind of tricks from the Market Makers. I expect...
price made a good retracement and is not at the previous touch of the descending trendline. a situation that can occur is a test and fall back to hit the lower trendline again. there is major support in the zone of 1.07 and aligns also with the extension level. with a SSI number of 2.56 and 89% long in the traders-outlook, we can expect a push down to take the...
the xrpusd tested the trendline which is respected for multiple times. we are in a zone where we see the rejection of the Fibonacci level 0.5. price can make a jump to the extension levels which are highlighted in the green box.
personally, I expect a last push for the DXY. it will hit the major suport-zone above the highlighted green area. After the resistance zone we can expect downside movement with a possible BRC (break - retest - continuation) with the end-race at 92.00
with an expected strong AUD we have seen a 618 rejection. the price is rejected at the minor resistance zone where we saw multiple rejections in history. the extension level of the -27 level aligns with the support level which is rejected multiple times. this is a longterm trade where we can expect some choppy levels. main bias for this pair is short
the price has completed the Elliott wave 5th pattern and made the ABC (correction) move. we see here also a double top pattern with the expected stop loss hunt. the expectation for this week is a strong AUD which can push the EURAUD lower.
hello traders, we see that the level 1.72000 has some good history with multiple supports and resistances. The price rejected the 1.72000 and came back to touch it again. personally, I expect some choppy level around this area with multiple touches at the area before making a bearish movement. shortterm: long longterm: short
two days ago, i posted this wave pattern which showed signs of exhaustion. today the market structure broke and the chf made a good fall.
Gold has finished the last impulsive wave. after every wave, we see the ABC correction. and here also, we can expect the correction move. will it break the structure? it is a guess. but with 1633 for gold, it is extremely overvalued. the upcoming days will give more direction.
1.06110 is the opening for my trade for this pair. with an extreme undervalued EURO, the chance is big for a push where eurchf can see the benefits of it. we see multiple support on the blue box and the price started to move sideways. the real movement will show up in the upcoming weeks.
we are looking to the AUDUSD which tested multiple times the lower trendline. this trendline is respected for the last 3 times and with an exhausted Dollar, we can expect from next week some bullish development.