ForexGrandMaster

ForexGrandMaster

Price has been ranging in an ascending price channel on the H1 and H4 chart. BUYERS failed to break above 0.7210 price level and price went bearish to test channel resistant. If price breaks below this level, it will be an opportunity to ride south with the bears, otherwise we head NORTH. I am looking forward to a LONG position than SHORT.

ForexGrandMaster

WAVE 4 to be completed soon on the weekly chart. Price should correct up to the 50% or 61.8% Fibo Level. If price breaks below the 1.99 level then price might get to 1.92 before going NORTH. A close above 1.99 should represent the beginning of the 5th Wave. Wait for confirmation. Apply due diligence.

ForexGrandMaster

WAVE 4 to be completed soon on the weekly chart. Price should correct up to the 50% or 61.8% Fibo Level. If price breaks below the 1.99 level then price might get to 1.92 before going NORTH. A close above 1.99 should represent the beginning of the 5th Wave. Wait for confirmation. Apply due diligence.

ForexGrandMaster

USDJPY SHOULD retrace at the present price to correct at 61% Fibo Level then continue its up move to test channel Resistance. Apply Due Diligence.

ForexGrandMaster

Price has been ranging on H4. However, a closer look on price action on H1 reveals a completion of the C corrective leg to form the wave 2 on H4. This is at 78.6% of the Wave 1 on H4. If price breaks breaks above 1.085 it will be an opportunity to go LONG. Wait for confirmation Apply due diligence

ForexGrandMaster

EURUSD has been ranging on H4 and would possibly go LONG after completing the 1-2-3-4-5-A-B-C to retrace at the 78.6% Fibo Level forming the second wave on H4. If price breaks below the present level then I would be going SHORT. But if price breaks above 1.085. It would be an opportunity to go LONG. Wait for confirmation. Apply due diligence.

ForexGrandMaster

GBPNZD has been trapped in a range on H4. Look to trade the breakout at 2.1877 to complete the 5th Wave on the daily chart. Apply due diligence.

ForexGrandMaster

The small C corrective leg on H4 forming the 4th wave on the Daily Chart might end at the channel Support. Wait for confirmation at the channel support then go Long to complete the 5th wave on the Daily chart (1-2-3-4-5--A-B-C). Apply due dilligence

ForexGrandMaster

USDCAD on H4 Sell Breakout of the channel up to 1.37370 to complete the 3rd Wave. Price should correct from this point to KYM at 1.39687 to complete wave 4 then Short from this level to 1.34. Apply Due Diligence

ForexGrandMaster

The 5th wave has been completed on the weekly chart. Price may rise to 1.47100 before retracements. Wait for rejections at the 1.47100 Go SHORT after rejection of the 1.47100 Target 1: 1.296622 Target 2: 1.183861 SL: 1.492139