Market made Weekly pinbar with Wave 1 Wave 2 retraced back to 89% Fib level From there Wave 1 of Wave 3 started some days ago Since then market was in a corrective channel, after an anticipated fakeout of the channel the next impulsive wave started Currently at the beginning of Wave 3 of Wave 3 Price Action on 4H with Engulfing Pinbar Entry was made on...
Chart Looks a bit messy due to Fib levels Market was until some minutes ago in wave C of wave 4. Wave C moved to TL Support and pretty Close to 100% Extension of wave A --> Wave C = Wave A Now wave 5 should start with target somewhere around 1.23800 Wave labelled on the chart Small SL, good R:R No Investment advice, just educational Analysis!
Market made a ABC correction near last longterm low Wave 5 of Wave 5 of the Wave C is completed different Fib Level were reached Wave 4 was a triangle Currently market is sitting on 1.20500 Level before GBP and USD News Should have a strong upward movement from here, maybe with some fakeout to downside because of News Low was anticipated in my last...
Weekly/Monthly Support Zone Large ABC Pattern 5-Wave of 5-Wave of Wave C Extended Wave 3 of W5 (RSI oversold) Wave 4 = Triangle Last Wave of downside movement is taking place to marked area GBP News tomorrow Look for 4H Buy Signal at 3. touch of trendline at 1.20300-1.20500 No Investment advice, just educational analysis
RSI Divergence 1D Pinbar with huge volume Last 3 days high volume (Profit taking of professionals) Fakeout yellow box
GBPUSD made a strong move to the downside Extended wave 3 and a triangle currently as wave 4. Should make one lower low with divergence across 4H indicators Then we finished the 5.Wave of the 5.Wave of Wave C. Could happen really fast due to FED & BOE rate news. Watch out and wait for clear buy signal on 4H around marked area. This is no investment advice only...
See Chart -------- Weekly upper trendline 3. Touch of upper trendline RSI/MACD divergence 1H/Daily pinbar 5-Wave Structure /Ending diagonal
Larger Picture of EURNZD. Had 5-Wave impulse down, ABC-Expanded Flat correction is coming to an end Currently in Wave C, Wave 5 of Wave 5 and Wave 5. Could Turn south anytime ------- Maybe at 61,8 Extension @ 1,73600 Or sooner (now?) or @ 1,73200 Look for 4H Divergence and Sell signal!!! ----- For rest see chart
Wave B ended with a C-wave ABC correction after 5-Wave to downside Retest previous high Candlestick Sell signal with Fibonacci See Chart
Finally finished wave 5 in wave 5 @ Horizontal Resistance 4H Pinbar with divergence @ upper Trendlinie ------ 61 Fibo Retracement lines up with horizontal resistance Weekly close could lead to double Top. This is no investment advice.
Technical Analysis: ----- * Weekly Fake Breakout to downside —> Bullish Pinbar * Daily support zone * Daily IB since 8 days -> Fake breakout ------ * 4H Pinbar with retest breakout falling trendline * 38er Retracement Fibo on 4H and daily last bullish move ------ * 1H Divergence building up, break to the upside (triangle) * —> 4H/1H/15m/5min/1min Pinbar ----- *...
Information on the chart, just see yourself ;) For educational purpose only. This is no investment advice.
NZD/USD made nice 5Wave impulse move Up Last big move could have been wave 3, correction incoming Currently made wave 2 of wave C, so 5 waves down to complete C From there bullish Daily/weekly Momentum could continue This is no investment advice, for educational purpose only.
Here is the big picture of the cable. There is a strong support zone @ 1,33000 , important diagonal trendline & 78,6% Fibonacci Retracement. This should lead to a fast recovery, min. Target 1,37000, more possible. Perfekt Entry would have been possible with touch of trend line and Fibo retracement in 15min Engulfing Bar. 20P Stop was possible, already 100pips Move.
CAD/JPY outlook, expanding triangle with sell Signal from last weeks horizontal resistance. Could give some easy +200 pips move.