Waiting to see if market will confirm Wave D in the diagonal channel pattern.
After a strong fakeout of Daily Channel we may see market return to Channel and form a bearish sentiment. Strong reversal pattern (evening star pattern) forming on the daily timeframe currently. Therefore, it is likely that market will return to Daily Channel, retrace then continue bearish momentum.
After a strong impulsive move to the upside way may see market complete Wave E is the corrective pattern.
We may see market push to the upside after a break and retest of structure has formed.
Having overbought all week we may see market reverse having retested the resistance level in the Expanding Triangle Pattern.
We may see market fill order after a strong bullish momentum. CADJPY has been overbought for quite some time which means market is due for a sell
We may see market retest channel resistance before a complete reversal. Having overbought for 2 days market is due to reverse.
After completing a Parabolic Curve we may see market reversal to target 99.300. Please see daily timeframe
Looking for market to complete ABCDE corrective pattern
Awaiting to see if market will complete this corrective wave.
Looking for market to reject Resistance Level in channel to complete Corrective Wave B. Should we see the rejection we may see the next corrective move to the down side to complete Corrective Wave C. Previous analysis of EURJPY did a similar corrective manner. While it took over 18 days to complete EURJPY eventually completed its corrective pattern please see...
After completing several corrective patterns we may see market complete yet again another corrective pattern to key level. We may see a bearish sentiment to key level as the DXY recovers.
After completing several corrective patterns we may see market complete yet again another corrective pattern to key level. We may see a bearish sentiment to complete Wave C in the corrective pattern.
After completing several corrective patterns we may see market complete yet again another corrective pattern to key level. We may see a bearish sentiment to complete Wave C in the corrective pattern.
After completing several corrective patterns we may see market complete yet again another corrective pattern to key level. We may see a further push to 1.82700 region also.
We see market completing several corrective patterns in the down channel. We may very well see a push to the down side after morning formed a reversal pattern (evening star pattern) at key resistance level.
Market formed a reversal pattern (evening star pattern) at key resistance level. We also see market overbought on the 4H timeframe hence we may see a bearish sentiment to key Support Level
Waiting to see if market rejects resistance level and push to the down side after completing Elliott Wave