Prices advanced in five waves from 0.6477 to 0.6667. This wave pattern is significant because impulse waves identify the direction of the larger trend. Thus, the five-wave advance in AUDUSD implies further buying to come that would push prices above 0.6667 as wave (iii). The subsequent decline that is developing in three waves supports this analysis. Counter trend...
USDCHF touched a 13 week low at 0.8757 during the Asian session on wednesday and recovered some of its intraday losses, trading near 0.8770. The mixed US data could have contributed to the weakening of USD. The current support level of usd/chf is 0.8757, if it is break 0.8757 then it will touch 0.8744 & 0.8730 in intraday with the stop loss of 26 pips.
1) USD /CAD moves downside to 1.3700 on weaken US Dollar. 2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ). 3) Major support level seen at 1.3655. Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart....
Here is my analysis on GBPUSD, what do you think? Will it go as have predicted or not?
FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 25/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #technicals Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for...
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory...
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Audusd taking a reverse back and going in upward trend, looking for buying opportunities in AUDUSD.
Overall GBPUSD is in uptrend, Currently looking for short term Selling Opportunities, Proper Risk Management Applied.
Hello Traders, Hope you all are doing good!! I expect EURUSD to go down after this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve...
Hello Traders, Hope you all are doing good!! I expect EURNZD to go up after this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve...
USDJPY is trading at the near Resistance Zone its a great opportunity to take short position now.
Impulse - Correction and i am currently looking for continuation. or form a double top to short this pair
bearish flag, larger corrective structure ,weekly trend line support ( 3rd ) touch possible
as per top down analysis price already rejected strong level after a good impulse now time to fall the overall aususd market is bearish
Hello guys i had find this risky trade with nice RR you can see this