NZDJPY pair is respecting the long trendline and also RSI show signals for oversell. TP1 79.5 TP2 81.04
There a confluence with the Gartley patter and .786 fibonnaci. RSI is overbought and the pattern is now in the high part of the channel
This is my point of view for the pair USDJPY
I expect a rejection from the .88 fibo and then create a Wave 4 to complete the journey until .618 fibo; after that the pair could experience a good 5 wave
As I see the curve 2 has finished cutting .50 fibo of the Wave 1, and now it's time to go long for a new Curve in NZDUSD
Gold has a retracement to .618 fibonnacci and it's powerfull support to go long, looking for new highs in this. The trend still very bullish.
The pair GBPJPY has a retracement to the .618 fibo and now is trying to do a 3rd wave aim 142.3 Good luck
Personally I take this trade at 1,296 after sawing the gold failed to break a 1,300 resistance. Also the gold it's letting a huge bearish pin in a Daily chart. I expect a big correction to about 1,210. First target 1,270. Will see!.
RSI is sending oversold signals in 1D frame. I expect a change on the direction looking the .618 fibo from the last fall.
Looking the behavior of WTI. I found an intersesting way for take a long after complete the Wave 2. I will check it closely the next hours if this trade will be able. Will see!
There is a Bearish cypher pattern in the EURGBP pair indications of a short will be good for this time. I'm expecting a good correction. RSI shows overbought signals in 1D frame
Now is time for USD. I'm specting a good correction for the majority of the USD pairs.
The pair EUR/JPY has former a structure for an ABC corrective Wave. Also the Elliot Wave oscilator still negative for the 4H frame and a retracement of the .50 fibo suggest the B wave has finished. Now we trade for a short with 126 objective. SMA20 still below the SMA50
I'm specting for a big correction in Gold after the Gold has formed a triple top and failed to rise the uptrend channel. I will see the behavoir for the next days before take this trade. If there will be a bullish candle in the zone I beleive gold could be to historicals higher; meanhile I think this time is for a huge correction.
The EMA 20 has cross the EMA 50 int 4h frame for pair EUR/JPY and after a pullback is good time to enter a short with target 126.6
The EMA 20 is crossing downside the EMA50. there are a bearish pin on the top and now the trend has crossing the .618 fibo
My main Idea for this pair is the EMA20 will cross the EMA50 soon. Also there is a triangle formation that will be broken for the downside. Elliot Wave oscilator is negative for the 4h frame
There is a bearish pin and strong rejecttion of the .382 fibo. Now the target would be about 1240