Very oversold RSI at 23, suggests that this TL of previous lows could hold. If not, expected crab pattern completion and long position with T1 at 38.2 which is the current support TL and T2 at 61.8.
After a very steep jump to the upper channel TL expected bounce and correction to lower channel TL in the same manner as the previous 2. Estimated 90-100 bars. However, BoJ hints at more stimulus so the upward risk is high. Alternative scenario: small downward correction and trend continuation.
2nd chance to jump in if not already long on big bat.
Cypher and butterfly overlap, bearish signal.
Long term outlook with many signals confirming. What the market will do is hardly to predict. One thing is sure, the BoJ is satisfied with the inflation level and further Yen weakness should not be expected.
The AB-CD harmonic and bear crab forming a strong short signal although the PA might extend upward move to next PRZ around 1.272 CD extension. In both cases targets are same with very different RR ratios.
The pound experienced a power boost driven by inflation report. If there is enough force left to push the pound towards point D the cypher will complete. There was a fake breakout of the 3 month channel but the channel is still intact. We will see if pound has the power to pass B towards D.
Nice retracement to 88.6 with bearish divergence.
Nice harmonic move, RSI overbought. Short for good 100 pips ahead. Near retracement 61.8 of previous high.
If NZD manages to reach the PRZ at D possible completion of bear gartley with good T2 RR.
Let's see if the downtrend will act in the same way as the uptrend did.
If UJ keeps the wedge formation (D chart) a possible bull gartley. Along side with have a HS pattern forming which could lead to gartley completion. Opportunity to short from C according to wedge and immediate long from D.