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Bearish harmonic pattern

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 160.00.
However, if bullish ca…
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Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 160.50.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Ucef avatar
Ucef 31 Mar

Update: The pair had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below.
The bias remains bearish in nearest term testing support line. Immediate resistance is seen around the weakly open. A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance.

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1H - GBPJPY - LONG

long the GBPJPY. From 172.10
The Gap created during the weekend has been filled,
price initially moved up to 172.60 after holding the 172.11 zone for some time.
This price action is a strong indication that it is time to move further up.
target 172.67 first and if it manage to break 172.67 im expecting a test of 173.48.
Stop loss is 172.00.
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Polinka avatar
Polinka 27 Ago

I wish u good luck !

VictoriaVika avatar

Great.

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