The indicated TP's for night and tomorrow. SL either @10982 or 10959 Confirmation: Should close sustainably above 11058 on M45.
Intraday trading: Below 11475,9 short. Entry, SL & TP are given. The TP levels marked in blue would also be possible.
@1676 support has been broken, suggesting this month will close below it. The first target is @1616.4$ Mentioned support ($1676) is turning into resistance, so October will run a bit higher at first, but then probably hit $1575.01. If the $1575 price level falls as well, then the next targets of the indicated a b c correction...
In contrast to my previous charts, with the bullish options, here I am presenting an approximately 53 year long ABC correction. This chart will become reality only if we see 1.0520 broken and exited downside later this year or 1Q '23 at the latest. Then according to this TA, GBPUSD will not bottom (probably) until 2025/26. The next 2 Targets are: 1. Monthly...
Be careful shorting the EURUSD and all stock indexes as it is possible that DXY - after wave 5 completed - has started abc correction and next week it should be confirmed if (b) is already completed or goes a little higher. After that, (c) may fall to 105.15-09 which could push EURUSD higher. One of the 2 paths (dotted or dashed) could apply to (c). Remark: In...
If EURJPY closes below 143.26 this week then we have a bearish shooting star that suggests a bearish bias for a few weeks. Of all the dotted targets, I see the best target for (a) @ 136,994. I do not rule out that (b) wave (5) can even overflow. But about that when the time comes.
The bullish impulse wave that started on March 20 ended on June 22 in the form of 1-5 blue waves. A b-c correction has been underway since then with waves (a) & (b) already done so I'm assuming this week (c) has started which may last until around the end of November. The targets are: 1/ 1.618% of (a) @ 153.701 2/ 152.962. If you find this analysis useful, give it a like.
In this monthly chart I see a potential corrective abc formation that - for the blue c, most likely could reach 1.618% ($1430.81) of the blue a, but I've placed the target a bit lower @1412.30, which won't be reached until next year. As can be seen from the chart, before the mentioned target, the red (b) should be headed for, which could also be the annual high...
I think the time has come to take a long trade. The contracting diagonal indicates an end to the down trend. Condition: no closing price below 0.9630 Confirmation: Surpassing the price mark @0.97913 It will take a few weeks to reach 1.01719. (possible around mid-October).
MONTHLY In this scenario, I present you the large WXY pattern, which shows that the red downtrend could last until around May 2026. This month 1.38% fib of black b was achieved, but as can be seen from the chart only 3/4 of the orange wave 3 was completed. So I don't expect this wave 3 to end until April-May 2023. The final yellow ((b)) coincides with 2% fib of...
GBP/USD looks set to surpass this year's low next year, so I expect the whole downside scenario to end in the second half of April. If this view holds true, consider this: Next year, around the second half of April, you should start buying and holding. It could be that the EURUSD will also go through about the same in terms of time.
Weekly: As can be seen from the chart, on 08/02/21 Ichimoku generated a clear short signal (see red arrow above) which is still dominant. From this it can be concluded that it will run in short mode for a few more weeks before the signal turns bullish. After the EW count, we are in the black wave (iii) of the last red wave 5. In the second week of August, wave 5...