The price has a bearish divergence .. that's strange. I will wait the next move but this new long could be really .. strange what do you think about that?
Potential false breakout with retest of support area
Update of short strategy. The price is on rebound (4°wave) and can have a potential short in the next move.
Potential H&S on formation... as usaully this pattern can create a false signals.. so trade with care
The price action give information about short continuation
Short position for completion of bearish flag Hypothesis
USDJPY - False Break down -Long set up On basis this last movement of market I have confirmation about long possibilities For any details go to my previously analysis.
See my previus analysis Price had create a triple relative max under a big resistence area. This can suggest a potential short of price and completation of our pattern H&S In other case the break of 0.7840 area can give a new top over 0,8 Still remain active my previus target
DXY has a potential pull back but the situation can be also a new long wave. From september to now we can see a potential inverted Head & Shoulder... if it is real in the next we will see a deep bearish market on Forex we will see soon
On basis market situation can be a change of view. The price after a good rally long is stopped without break the previus hot point 0,7840 This can say that we are on bearish trend. So I think that the final 5wave have a troncation and we can try to understand about possibilities for the future. In red count the bearish Elliott Wave analysis .. if it is it, we...
The price is arrived on very hard resistence..1.2075 It tryed to break three time without succedeed Th RSI has a divergence and suggest a potential next downtrend Big liquidity area is around 1,19 price area. It could be the short target
The last week the price was lock in a trading range between 1,20/1,2070 and in the afternoon of friday the price broke the high, when there is a very low liquidity. The wave is arrived near a big dinamic trend line and on 0,61% retreacement of leg born on 07 jan and this is a typical retreacement of Elliott 2Wave. So I think this it, can be a potential false break...
The price is arrived on first long target zone (1, 40 ) and could be possibilities for a pull back to 038%fibo
EURJPY - Long strategy There is an accumulation on going and I think could be a good possibilities to go long to complete the 5w (of 5w of 3 Wave)
The price is arrived on strong support area RSI are in overbougth COT increase of long position Could be a potential false break out of support trend then restart of first long Leg.
The price is arrived on the strong support area I will aspect the possibilities of more short until the dinamic support of trend line born jan 21 (start of this trend) then can be start the long of 5W for 112 target COT in this moment, highlight a strong long position
Strong support area Daily RSI divergence final 5w elliott
The price is arrived in a big support area and try to break without succeeding In my Elliott wave analysis there is still pending the 5 wave and COT report show an little increase of long position. Also the momentum until now show a divergence There are possibility of next start of long trend Buy area 0,75/0,759