riki143 Posted April 5, 2018 Author Share Posted April 5, 2018 USD/JPY Daily Analytics 07:48 05.04.2018 Recommendations: BUY 107.00 SL 106.45 TP1 107.85 TP2 108 On the daily chart of USD/JPY, after the pair reached the 127.2% target of the “AB=CD” pattern there is a correction to the downtrend. Bulls are trying to implement the “Wolfe waves” pattern and push the pair at least to the resistance at 108 (23.8% from the long-term bearish wave). On H1, if the pair hits the resistance at 107, the “AB=CD” pattern with the 161.8% target will be implemented and odds of the rise to targets of “Shark” (113%) and “Wolfe waves” patterns will increase. More:https://tinyurl.com/y7rxwz96 Link to comment Share on other sites More sharing options...
riki143 Posted April 6, 2018 Author Share Posted April 6, 2018 AUD/USD Daily Analytics 07:05 06.04.2018 Technical levels: support – 0.7610, 0.7660; resistance – 0.7690 Trade recommendations: Sell — 0.7650; SL — 0.7670; TP1 — 0.7580; TP2 — 0.7530. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the prices are had entered into the negative area. More:https://tinyurl.com/y966mvz7 Link to comment Share on other sites More sharing options...
riki143 Posted April 6, 2018 Author Share Posted April 6, 2018 USD/JPY Daily Analytics 07:07 06.04.2018 Technical levels: support – 106.80; resistance – 107.50. Trade recommendations: Sell — 107.50; SL — 107.70; TP1 — 106.80; TP2 — 106.30. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market is overbought and under the strong daily resistance. More:https://tinyurl.com/y9gsed4f Link to comment Share on other sites More sharing options...
riki143 Posted April 6, 2018 Author Share Posted April 6, 2018 EUR/USD Daily Analytics 07:30 06.04.2018 Recommendation: SELL 1.2315 SL 1.237 TP1 1.2215 TP2 1.2095 TP3 1.205 SELL 1.2215 SL 1.227 TP1 1.2115 TP2 1.2095 TP3 1.205 On the daily chart of EUR/USD, bears made the first attempt to pull the pair below support at 1.2245. As a result, it formed the junior pattern “Widening wedge”. To continue the decline the pair has to fall below April minimum. On H1, there’s a “Widening wedge”. Pullbacks to 23.8%, 38.2% and 50% as usually are used for selling with targets at 78.6% of the Gartley pattern. At the same time, advance above 1.2417 will increase the odds of uptrend’s resumption. More:https://tinyurl.com/y8y5lbwl Link to comment Share on other sites More sharing options...
riki143 Posted April 6, 2018 Author Share Posted April 6, 2018 EUR/GBP Daily Analytics 07:40 06.04.2018 Recommendation: SELL 0.8715 SL 0.8770 TP1 0.8615 TP2 0.8590 On the daily chart, EUR/GBP keeps forming a 5-0 pattern. After a pullback to 38.2% of the wave CD of the “Shark” pattern, the initiative returned to bears. At the moment, the inside bars are formed. They point at uncertainty. On H1, EUR/GBP is consolidating in the 0.8715-0.8755 range. A break of its lower border will create grounds for a “Crab” pattern with a target of 161.8%. On the other hand, successful test of resistance at 0.8755 will increase the risks of a correction. More:https://tinyurl.com/ya5774hh Link to comment Share on other sites More sharing options...
Pavan Mahule Posted January 17, 2020 Share Posted January 17, 2020 Thank you for sharing such a good stuff with us. this is very informative. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now