Looking for a sell trade opportunity after the breakout of the pennant...
GBPUSD has provided a nice rejection on the 4-hour timeframe around the resistance area on the range market. Looking for a nice drop to the previous low and lower regions.
Looking at the nice engulfing pattern rejection within the range, I am looking at a possible retest of the support zone and possible break to provide a deeper pullback before we continue the bullish trend!
Anticipating that XAUUSD may drop towards 1614 then a quick pullback to 1699 and a final drop towards 1560 region.
USDJPY just broke out of the bearish trend and we are currently experiencing a bullish channel as marked above. It is possible that the resistance above would be respected and the new bullish channel serving as a confluence may send USDJPY down to retest the bearish resistance trendline just broken.
BTC has created a new high @ above $41,000 confirming the second bullish move after the dip that took place in 2018. Now we currently have some sort of correction happening in the market and IMO, I see a likely possibility of the market completing the bullish corrective flag around $27,000 - $25,000 before we see the completion of this bullish move, creating an...
Applying Fibonacci and Elliot wave on the weekly TF, I am anticipating a long term movement towards 142.
I anticipate the movement towards 151 region on GJ on the daily TF, using Elliot Waves and Fibonacci. Now may be a good time for swing and position traders to buy.
I am anticipating a pull back on GU to 1.4050 before the end of the week and possibly resume the sell for a lower low.