Our previous analysis was really worth it. We’ve made nice +176 pips profit. We also used a harmonic pattern to define and confirm our bias. Now at this moment we can see that price is at really strong support level so we can definitely expect a bounce to the upside. We have also two possible scenarios.
We have many confirmations why to sell EU. Price is still in high overbought on a higher timeframes so what should we expect ? Price usually in this case come back to retest 50 EMA which nicely fit with a demand zone (blue trendline). We can also see bearish signs on a lower timeframes. Also 20 EMA and 50 EMA on the H4 timeframe are crossed.
DXY looks very indecisively on a lower timeframes. But on the higher timeframes we can spot that bulls are under control. So I have opened Long and Short orders. I am gonna wait which one will price hit and then I remove the second one. I would like to see bullish move because it fits better with EURUSD analysis. If DXY start his move to the downside then I will...
As we can see on the chart we have nice rejection of the support level. BUT we have signs of a bearish moves on the lower timeframes so I expect price to come back to the support,test it once again and then I am gonna realize my long position to the resistance level.
We can see an overextended move to the upside so we should expect new HL and another move to the upside. TP1 an TP2 perfectly fit with a fibonacci extension levels. IN THESE ZONES we should be AWARE because there is possible completion of a 5-wave chart pattern
As we can see EJ is in the support level. I highly expect move to the upside. WHY ? 1) Possible support rejection 2) Broken trendline retest 3) 50% fibonacci retracement fits with the resistance level 4) Possible H&S pattern creation I am bullish to the "right shoulder" and then I would like to have very nice short position with a beatiful RRR
EU nicely correlates with a DXY (previous analysis). After some consolidation we have strong move to the upside. This move seems to me a bit overextended so I don´t expect a pullback to the (now) support level but I expect creating of a HL and then another bullish pressure to the resistance level. Bollinger Bands tell us that EU is going long. Why ? Description...
After breaking off the consolidation made DXY strong bearish move to the nearest demand area. I expect little pullback to the supply area which almost perfectly fits with a 50% fibonacci retracement. After this action I would like to see another bearish move and also break through our demand level.
NZDJPY made nice HnS pattern. Now we can see possible breakout of the support level. I expect clear breakout -> retest and a really nice short move to the 68.670 price level.
We analyzed this pair a few days ago with a very nice profit. Now after very strong bearish candlestick we could expect breakout of the support level -> retest and a bearish continuation to the 0.65020 zone.
We can see bearish momentum attacking a bullish trend. I expect a breakout of the nearest support level -> retest and another short move.
BTCUSD is following bullish trend for a long time and now we can see possible resistance breakout -> retest -> strong bullish momentum. History could be repeated so I am very interested in a long-term buy.
After strong bullish upside move is EU losing its strength and we could expect bearish move. I am waiting for a breakou, retest and then I will open a short position. We can also see Double Top formation.
As we can see on our H4 timeframe, we can expect Head and Shoulders pattern completion. It gives us trading opportunity with a nice 1:3 RRR. On the daily chart we can see how market nicely respected 0.5 Fibonacci retracement (twice). So I am looking for the HnS pattern completion and then I am going to be short.
NZDUSD is following the trend. It just rejecetd strong 0.705 fib level and also the resistance. I expect bearish continuation to the nearest support.
We have strong bullish move after rejecting a support level. We can expect two possibilities. Breakout of a daily resistance,retest and upside move or daily resistance rejection with support retest and very strong bullsih move after that. As i made analysis before we want to see bullish pressure because of monthly possible retracement.
After breaking Head and Sshoulders neckline we can expect long move to the next resistance yone which is equal to HnS pattern length