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AUD/NZD Wave Analysis
The counter is currently in a long-term bear cycle.
It is currently in its second leg of wave B.
Further, it resembles a flag formation and is coming down after hitting the upper parallel.
Hence, we expect the pair to be bearish and move to the lower parallel from here.
The signals I post here are more based on sentiment than on strategy. However, if you want to know the reason behind some trades. you can check out this thread where I give long-term and short-term setups with the reasons for my inference...
USD/JPY Technical Analysis
~~ The counter is currently at the strong support of a trendline, which could be contemplated as triangle pattern.
~~ According to the short-term waves, the counter has completed wave B of a bear cycle and is due for a wave C.
~~ Hence, we expect the pair to be bullish...
EUR/CAD Technical Analysis
~~ The counter has been formed a long base formation.
~~ Further, it could be interpreted as a correction after a strong impulse move.
~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.
~~ And the MACD indicator has turned...
Yes, the point you have shown is a good positional entry point. But we usually look for trades which are having a momentum. So we gave it after the pair bounced off.
EUR/JPY Technical Analysis
~~ The pair did a long accumulation in the form of an inverted head and shoulder pattern.
~~ It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
~~ Hence, we expect the pair to have a strong bull run when it...
GBP/JPY Wave Analysis
~~ After a strong bull run, the counter is currently in corrective (ABC) mode.
~~ It has completed wave A and is forming its final leg of wave B.
~~ It is now up against a resistive trendline and a break above it can take it higher.
~~ Hence, we advise traders to initiate...
EUR/GBP Wave Analysis
After dismal data from Britain, EUR/GBP was off to the flyers yesterday.
It could be interpreted as a wave pattern and is now forming wave 4.
Further, it is close to a congestion zone which could act as strong support.
Hence, we expect the pair to be bullish in the near-term.
Hello Traders,
I’m a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some of my long-term and short-term setups and crisp points of the reasoning and my conclusion. Hope it benefits you.
Hello Traders,
I'm a pro with 7+ years of experience in the market. I want to help out retail traders. So, here I post some intraday and swing trades with good momentum.
Hope it benefits you.
Date: 10.07.2020
Pair: GBPJPY
Action: SELL
Open Price: 134.491
Target Price: 134.006
Stop Loss...