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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on USD/TRY, Target: 2.7868, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Trend #USD/TRY #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 2.7868.
However, if bullish ca…
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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on USD/RUB, Target: 62.6000, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #USD/RUB #Bearish Trend #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 62.6000.
However, if bullish c…
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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on USD/MXN, Target: 16.6171, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Trend #USD/MXN #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 16.6171.
However, if bullish c…
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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on USD/CAD, Target: 1.2903, Date: 1st of May, 12:00 GMT  in #Technical analysis #USD/CAD #Harmonic Trading #Bearish Trend #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.2903.
However, if bullish ca…
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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on NZD/SGD, Target: 0.9202, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Trend #NZD/SGD #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 0.9202.
However, if bullish ca…
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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on CHE.IDX/CHF, Target: 7 982.6500, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Trend #Che IDX/CHF #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 7 982.6500.
However, if bullis…
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Bearish harmonic pattern

Ucef Posted 29 Feb. as Analysis on SGD/JPY, Target: 76.96, Date: 1st of April, 12:00 GMT  in #Technical analysis #Harmonic Trading #SGD/JPY #Fibonacci Levels #Bearish Trend #Channel Down
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 76.96.
However, if bullish can…
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Ucef avatar
Ucef 31 Mar.

Update: The pair had a bullish momentum last week after a failure to make a clear break below a support line as you can see on my daily chart below, topped a resistance line and hit a new daily high earlier today.
The bias remains bullish in nearest term testing some resistance areas, which is a good place to sell with a tight stop loss as a clear break and daily close above the daily open could trigger further bullish scenario testing new highs.
Immediate support is seen around the weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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Bearish harmonic pattern

Ucef Posted 29 Feb. as Analysis on EUR/ZAR, Target: 17.0234, Date: 1st of April, 12:00 GMT  in #Technical analysis #Elliot Wave #Fibonacci Levels #Bearish Trend #Channel Line #EUR/ZAR
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 17.0234.
However, if bullish c…
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Bearish harmonic pattern

Ucef Posted 29 Feb. as Analysis on AUD/JPY, Target: 78.62, Date: 1st of April, 12:00 GMT  in #Technical analysis #AUD/JPY #Fibonacci Levels #Retracements #Bearish Trend #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 78.62.
However, if bullish can…
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AUD/CHF Continues to fall after the recent breakout

Ucef Posted 30 Sep. as Analysis on AUD/CHF, Target: 0.6636, Date: 2nd of November, 12:00 GMT  in #Technical analysis #Price Action #AUD/CHF #Support Line #Bearish Trend #Retracement #Pivot Levels
Weekly analysis
AUD/CHF continues to fall after the recent breakout of the strong support level 0.7250 . The breakout of support level 0.7250 accelerated the active minor impulse wave 3, which today broke the support trend line of the daily down channel from March. these two breakouts should add to the bearish pressure on this currency pair in the coming trading sessions. AUDCHF is likely to fall further toward the next support level 0.7000.
Daily analysis
AUD/CHF is forming a bullish Bat here w…
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