USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2896 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.2896 for the tgt of 1.2400 / 1.2250 and 1.2000
The current price action clearly suggests that AUDUSD is rising updward in an impulsive manner & just finished it 4th wave. one should buy on cmp with SL of 0.73600. & look for the tgt of 0.7500 / 0.75500 as a wave 5.
USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000
AUDNZD in monthly demand zone .take further analysis take entry after the trend reversal or else enter with trail stoploos bcoz monthly demad zone in the major support .It is in channel pattern for the past few years .jusy my view
After an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
An impulsive move of 5 waves up & a 3 wave correction, suggests that GBPJPY is ready for another impulsive wave as a wave 3 . one should buy the pair on current levels with SL of 153 for tgt of 155.2
GBPINR has consolidated a bit after the fall. A pullback was seen and the support perfectly became the new resistance.
Now a fresh short position below the trend line for the targets as mentioned along with stoploss.
Current structure suggest that EURUSD has formed an ending diagonal. One should go short in the region of 1.21250 & look for the immediate target of 1.1950
After a whole 1 year from march 2020 to april 2021 , the currency pair EURGBP has shown a corrective structure of three waves , Wave- a , wave-b as a triangular wave, and wave- c of impulse decline. The weekly price action suggests that there is quite bullish reversal chances from the recent bottoms. The evidence can be considered with the help of Bullish...
The chart seems to form a perfect M top with a clear diversion and as per the Steve Mauro setup it is expected to continue the bearish trend. GBPINR broke its trading range to make its new high and it is bound to be intervened as per fundamentals.
This is my additional view for GBPINR, checkout my initial call from 99 levels which also running.
A Single Day Close Above 103.41
& We'll See GBPINR Above 107
Strict SL - 99.2 (WCB)
Risk Reward - 1:1, 1:1.5
Pair has made a bearish sequence of 1-2 ...and we are looking for a aggressive downside third wave movement.
Sell on rise with SL of 1.38340 for a target area of 1.34900.
Its rejecting 0.74770 If it fails to breakout that level look for selling opportunities
Immediate Support Level 0.73641
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