Samuel124

Samuel124 Updated 

Greetings, fellow traders. Let's proceed with our analysis of the GBPUSD pair. Based on the current price action, it appears that GBPUSD has completed the initial corrective wave A within the broader correction. As a result, the subsequent wave B is currently unfolding and may be nearing its completion. If this correction follows a simple structure, it is...

Samuel124 Updated 

The GBPUSD currency pair has initiated a downward corrective movement subsequent to breaking out from the ending diagonal pattern during the Asian session today. Currently, the pair is in the first wave (a) of the correction phase and is anticipated to conclude around the 1.24650 area. Following the completion of the wave (a), we expect a rally to form the wave...

Samuel124 Updated 

According to the Elliott wave principle, the XTIUSD 4-hour chart appears to have completed a primary degree impulsive wave 1 followed by corrective wave 2. The current price action suggests that wave 3 of an ascending impulse is now underway. It is anticipated that XTIUSD will face resistance around the 73.88-72.84 range, and as a result, is projected to climb...

Samuel124 Updated 

We have witnessed a significant bullish ride on the CADJPY pair from the low of the 24th March at 94.069 to the high of 31st March at 98.745, accounting for over 450pips move. After this rally, it appears that the move has reach a termination point, where correction of the 467Pips bullish move is expected. My expectation of the corrective downward move is based on...

Samuel124

EURNZD currency pair just hit the mid term resistance zone, after a medium term rally from the harmonic reversal pattern yesterday. An internal bullish bat was also responsible for the upward pressure from 1.73427 to 1.7451 region on H1 TF. Moreover, EURNZD is also at the resistance zone of the bullish channel, and a drop is iminent. As such, I'm anticipating a...

Samuel124 Updated 

The AUDUSD currency pair has exhibited a recent uptrend within the M30 bullish channel, presenting favorable opportunities for range trading. However, a bearish breakout occurred below the lower boundary of the aforementioned bullish channel at 0.66620. This event was followed by the pair’s breach of a key support zone at the psychological level of 0.6650,...

Samuel124 Updated 

The CHFJPY currency pair is currently encountering resistance at the 144.205 level, where previous selling activity suggests a potential drop in value. This outlook is further corroborated by the emergence of a well-formed harmonic reversal pattern, specifically a bearish butterfly. Moreover, a bearish engulfing candlestick pattern materialized on the weekly chart...

Samuel124 Updated 

The GBPJPY trend for the month of March has been quite bearish, with the pair experiencing a significant decrease in value from 164.505 to 158.549, representing a decline of approximately 550 pips. This decline has been consistent across both daily and H4 time frames, indicating that the bearish order flow is quite strong and sustained. Despite this trend, there...

Samuel124

The CHFJPY pair has undergone a remarkable decline, plummeting from its recent March high of 147.55 within a span of fewer than 8 hours, and shattering both the M15 and H1 supports. Based on MY analysis, I anticipate further downward momentum, with a projected decline to the 142.331 region. This outlook is reinforced by the breach of the H4 uptrend channel to...

Samuel124

Dear Traders, It is my pleasure to provide you with an update on the recent market activities of GOLD since the SVB Collapse. There has been a substantial uptrend observed in the market, as the price of GOLD surged from 1809.90 to 1926.04, representing a notable 1,160 pips move. Based on our technical analysis, we anticipate a potential bearish reversal if the...

Samuel124 Updated 

Dear traders, I would like to present to you my Elliott Wave (EW) perspective of the GBP/USD currency pair. Based on my analysis, I expect to see a temporary bullish correction followed by a bearish move from the broken support level, ultimately leading to a decline towards the 1.16300 region. It is important to note that my level of invalidation for this...

Samuel124 Updated 

Based on technical analysis, it appears that the AUDCHF currency pair has potentially reached the end of a bearish trend that began on January 25th. A significant downward pressure was observed as the pair broke through key zones, and a recent breakout of the H4 support zone occurred yesterday at 0.62747, resulting in sellers driving the price down by 75...

Samuel124 Updated 

On February 6th, I made a prediction regarding the USDJPY currency pair, indicating the commencement of a bullish trend following the breakout of the bearish channel. The prediction was supported by technical analysis on TradingView (check here: )., and since then, there has been a notable upward price rally of more than 650pips. While minor corrections to...

Samuel124 Updated 

On February 28th, the EURGBP currency pair exhibited a medium-term uptrend, resulting in a rise of approximately 140 pips. Subsequently, the market underwent a downward correction within a defined range, leading to an 80-pip decline. Recently, there was a breakout from the downward channel driven by a harmonic reversal pattern, which provided confirmation of the...

Samuel124 Updated 

The EURAUD currency pair appears to be consolidating within a range, having been rebuffed from the resistance zone and returning to the support zone. Based on this observation, it is anticipated that the price will rebound from the support zone and potentially test the resistance zone at 1.5753. Should the momentum intensify, there is a likelihood of the price...

Samuel124 Updated 

The USDCHF has experienced a substantial increase in price from 0.90603 on February 1st to 0.94284 on February 27th, with this level being retested on March 1st, indicating a month-long upward trend. On February 27th, a large bearish harmonic pattern was observed across the M30, H1, and H4 time frames, leading to a sharp decline in price towards a resistance zone,...

Samuel124 Updated 

Based on my analysis, I anticipate that USDJPY will exhibit a downward trend from the current resistance zone, which ranges from 136.93 to 136.77, towards the established support zone that lies between 136.00 and 135.77. This anticipated trend is expected to yield a classic inverse head and shoulders pattern, with a subsequent bullish move in the direction of the trend.

Samuel124 Updated 

From my analysis, EURUSD and broken a minor trendline, I expect a retest of it, then a drop to the support trendline line below it. However, if it breaks the trendline upwards, we may consider buying this pair.