Watch for the close of THREE 4-hour candle close ABOVE 1226 (each candle must close above prior)
scenario 1: Buy between 16.50-16.60 S/L: Watch for the close of two 4-hour candle close under 16.50 (second candle must close under prior) scenario 2: If the first scenario is canceled, sell with tp:16.20
What do you think how good are chances that XBCBTC will reach 0.2500 during this month? Last month candel have close positiv so it have some momentum potential, what you think?
We see Cable Long to 1.2520 to complete the D-E leg of the X-E Elliot wave within a descending triangle. Shorts will be in play from 1.2520 and we will be scaling on the break/retest of 1.2115
looking for 61.8% retracement back to trendline to re assess possible scenarios
50% retracement retest of weekly channel needed. Target 81.00 handle
Here we have the monthly chart for GBPNZD showing cloned support and resistance ranges (blue rectangles) and mid range support and resistance (black horizontal lines). This pair could now pullback to the 1.8750 area which is the 38.2% fibonacci retracement level. If this occurs, then this pair could continue its move further lower, more precisely 1.3540 area...
confluences again in the chart. also confluent with USDJPY idea published prior to this
78.6% quarterly retracement -61.8% @ 1.41 handle
Monthly Ascending Channel using aggregated data. -27% fib extension D @ 1.88
Clear 50% Wedge retracement. Wedge break/retest Overall target 0.9000 handle @ -27% fib extension CD leg in process