Great opportunity to go short, we might see price fill the gap.
USDSGD pair is looking like it's about to continue with its long term uptrend, I believe this falling wedge is just a correction. I am expecting to see a complete ABCD pattern on this one, with my first target being (B).
3rd bounce off trend line (resistance) with a very strong divergence on 4H chart. Possibility for a huge swing to the bottom.
USDCAD is showing a possible Cup & Handle reversal pattern, if it indeed completes this this pattern, we might see price drop to 1.30270.
Hi there fellow traders, here is my view on EURAUD for the upcoming week. I believe in simple wave analysis, and I firmly believe we have found one. Here is a simple 5 wave elliot pattern. We have our 1st impulse wave, 2nd as a corrective, 3rd as an impulse and 4th as a corrective again. We may see wave 5 as an impulse rally straight to our 4H Resistance area. Good luck.
NZDCAD broke the support trend line on the DailycChart and is now retesting it as resistance, we might see price drop to our two targets and even further.
EURGBP short, possible double top, H&S on 4H Chart and is on the verge of breaking trend line.
Here is my idea on the the USDZAR pair, I believe we will complete a "king's crown" pattern with our (C) leg level with the left shoulder at exactly 78.6% fib. This area will be a good place to look for any buys.
Evening star formation Daily Resistance hit 78.6 fib level hit
I was already in for a long on this, protecting this because we ran into a major resistance.