All right, EURO substantiate itself after recovery from bottle neck and now just it needs to prove itself by testing the support and go for higher ranges. We're looking for bull flag as a retracement down to 1.19000 follows by rejection and reinstating 1.12020 as confirmed base.
CAD had a great run and seems we got to the point which every factor is pointing to the end of USD-paired currencies evaluation. If the assumption be the actual state, we're looking for to see rejection right at current resisted level and eventually dripping toward nearest support. Goodluck
As it seems EUR got away safely from first corrective waves and set itself to test higher ranges. If it so, we'd probably going to see aggressive push to upside in order to gain price control level which may become an structural base for further developments. As is appears for now, Choppy market anticipated along rejected divinations for coming weeks Goodluck
Basically time is up for EURO to get itself into final correction path. We have enough forces in coming days to finalize this action frame. 4th leg has to perform around 1.7250 up to 1.8050 before gravity do it's job for the rest route
EURO Zone GBP Trun to normalize its development after this pullback. Its going to be as retracement up to 1.25000 and fall to nearest price control
2016 is over but there is one more thing remained to be corrected. Election of Trump was the cause of last 2016 impulses which brought the flow to this point and seems the same guy ( Trump Effect cause ) is about to end it. So as always we're looking for pullback as retracement up to 1.7000 max, which follows by immediate rejection and contraption just before...
EURO 'Action Frame' compartmenting 'Price Action' flow based on initial (Entry) value areas. Universally 'Flow' is Continuous and Regressive. It can be modeled in Linear Patterns. In certain subset of scope and scale values, "Price Action" does construct sequence of repetitive and recognizable structures over time.
There is no way else seems possible for AUD to hit and end-up the road in 2017. As getting developed over period of coming months, we will find out more about its exact structure and channels. I did my best to compose this Forecast. hope to be helpful if you're care about.
I was thinking ; Europe next year ? nice vacation perhaps ?! Clearly downhill is not gonna be easy ride and Definitely Europeans have to raise their spirit to handle the gravity of it. I mean... Never mind. Just Look at it!
Seems history is going to repeat itself. We got nice re-bounce at the 0 level which indicates volume clearance as a possibility for coming events. If so there would be a pullback up to 0.73500 follows by immediate rejection. Surly its first target going to be nearest POC at 0.72500. Goodluck
Looks like a quick retracement action again. we're looking for a pullback up to 1.26000 max follows by rejection immediately.
Here we're, at the last Euro Price Action Frame to close down 2015-2016 EURUSD Recovery Story. Got here by a fall not like any which could be described or caught in usual circumstance. Story of Euro Struggles, from a base to settle down to Brexit, Trump and Right faces... All of that constructed and each one of us made its own mind from flow of it and of course,...
EURO struggles and we don't know for sure what's gonna come out it, but right here, at this point Divergent Crowd making Divergent Decisions upon their desired Directions which making shores great place to setup the Trap. We're looking for Rejection during Event Retracement which marked as Entry Point
So as Retracement has ended up with Rejection and failed to get higher, It's safe to say that breaking could be very much a possibility now. Watch for Flag..
As we saw almost all Price Actions across, have failed to complete their cycle as it seems to be the case for GBP too. It was expected to had breakout in last CAP but failed to complete the break. So next as i see it should go little sideway and then Consolidate Resisted Volume. Once Cleared. Break
So Well it is not a new one idea but just got a little adjustment to its coordinations due to last missing break. Almost all Price Actions across, have failed to complete their cycle in one way or another and it seems to be the case for GBP too. It was expected to had breakout in last CAP but failed to complete it. So next as i see it should go little...
here is how is going to make it's way out of the box
So there is a good looking Retrace Action might be on the way. So we're looking to see Retesting follows by Immediate Rejection just above upper Level.