EURUSD potential DUMP incoming!!broke out M pattern of 1 hour cycle exactly as projection we have reset the 1 hour cycle and we are in mark down phase now, biggest confluence - we didnt break previous high in previous mark up phase of 15 min cycle level 3 ended inside that consolidation (distribution) and went straight to mark down phase (15 min) which broke this 1 hour M pattern cycle
again exactly as projected we didnt get level 3 because of mark down phase in daily cycle
EURUSD
200-EMA probes EURUSD bullish consolidationAlthough Breakout-Pullback-Continuation (BPC) formation backs EURUSD bulls inside an eight-day-old rising channel, 200-EMA probes the upside momentum of late. Hence, a clear break of the stated moving average hurdle, near 1.1665 by the press time, becomes necessary to defy the sellers’ hopes. Even so, the upper line of the stated channel, near 1.1700 will be a tough nut to crack for the pair buyers ahead of targeting late September’s swing high near 1.1755.
Meanwhile, a convergence of the nearby channel and previous resistance line from September 03, near 1.1605, becomes the short-term key support for EURUSD sellers to watch during the pair’s further weakness. Should the quote drops below the 1.1605 level, also conquer the 1.1600 threshold, odds of witnessing 1.1560 and the yearly low of 1.1523 on the chart can’t be ruled out.
exactly as projected going for level 2 of 1 hour cycle (EURUSD) EURUSD broke HOD, and now going for level 2 of 1 hour cycle with 3 levels of 15 min cycle (we are currently at level 2 and might get a retrace then level 3 (15 min cycle)) + market maker is accumulation for a long time and today's stop hunt low with type 1 london pattern was a easy trade
Will EURUSD break its monthly major support level?1.16195 is a major support and resistance level on the monthly timeframe. EURUSD might struggle to break it. If it breaks, next support level is 1.14272.
Waiting for the news to come in to make the EUR stronger. Most probably this analysis will be hit by a news event. Hope for the best with the Prez's speech which is in few hours.
EURUSD projection update (Potential retrace to 1 hour 50 ema)EURUSD projection UPDATE - we have completed 1 cycle of 15 min or 1 level of 1 hour cycle (now going to 15 min 2-3 levels to the downside) which will be the retrace level 1 of 1 hour cycle then continuation to the upside for level 2 (1 hour)
EURUSD: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
TRADING STRATEGY: One should go long on the current levels or any dip , keeping a stop loss of 1.15360 look for the target of 1.16400 & above.
potential EURUSD mark up phase 1 hour cycle W = 1 mark up phase + 1 mark down phase of 15 min cycles
so according to 15 min cycle (3 days drop mon tues early wed) then reversal at W then we will get mark up phase in 15 min which will break 1 hour W for mark up phase in 1 hours
and we got 3 drop and today is Wednesday!
so according to the 1 H and 15 min cycles this is the last lvl 3 drop and from this W 15 min mark up phase is perfectly aligned with 1 hour W and 1 hour mark up phase
EURUSDDear traders,
as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said last weeks... went up again in the area 1.19500-1.2 from where it went down again!
as you can see on the chart for 1 week, I expect that in the next period the EU will range in the area 1.18500-1.2, following that at the first weekly closing above these values to give the trend of the next period..but, I still bet on SELL until at target 2!
...even if there is a significant withdrawal because EUR is under pressure, I will remain in SELL until my final target .... 1.16 and the perfect formation of the letter M
THIS WEEK...This week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ...
Exactly as i told you in the last few months the EU has reached my target no. 2 and now i am starting a new analysis for the next period!
Even though on the 1 month chart the EU has closed below the support formed in recent years ( an extremely strong area), I expect an aggressive retreat move to around 1.17 or even higher and after ... I think it will tests for the first time this year area 1.15 ... my final target
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*This information is not a Financial Advice.
EURUSD set to drop further towards 1.1500Having offered a clear break of the late 2020 supports, now resistances around 1.1600, EURUSD is all in for further weakness. The current consolidation during early Friday could be linked to oversold RSI conditions. However, the bears keep the fort, targeting March 2020 tops surrounding 1.1500. In a case where the quote refrains from bouncing off 1.1500, June 2020 peak close to 1.1420 should return to the chart. It’s worth noting that the pair’s extended fall should be slower and hence sellers should be cautious and patient as well.
During the quote’s corrective pullback, the 1.1600 mark serves as the key level, a break of which should trigger short-term buying on the way to the previous descending support line from March 2021, near 1.1645-50. In a case where the EURUSD prices remain firm past 1.1650, late September swing high near 1.1755 will be on the buyer’s target. Overall, the quote remains bearish but sellers seem to be tired after a long run.
USDJPY - The Next BIG ImpulseUSDJPY has been setting up for quite some time for the next big move. On the daily we can see that we are in an ABC correction and its just a matter of time before the next impulse down.
Watching for lower timeframe bearish momentum and then jumping in with targets of 300pips as first target.
Goodluck and trade safe!