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  1. #251
    pedagoreng is offline Senior Member
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    USD/JPY: BULLISH "HARAMI"



    There's a bullish "Harami", but confirmation of this pattern is a quite weak. So, if a pullback from the nearest resistance happens little later on, we could have just another decline.



    The price is consolidating under the lower "Window". Previously, we have a bullish "Doji" pattern, which pushed the price higher. It seems like we're about to have another test of the Moving Averages, which could be a departure point for a decline towards the next "Window".

  2. #252
    pedagoreng is offline Senior Member
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    USD/JPY: "HARAMI" AND "THREE BLACK CROWS"



    The upper "Window" acted as resistance, so there's a "Shooting Star" pattern, which hasn't been confirmed yet. In this case, we could have a bearish price movement in the short term.



    We've got bearish patterns such a "Harami" and a "Three Black Crows", which both have been confirmed. So, the market is likely going to continue falling down during the day.

  3. #253
    pedagoreng is offline Senior Member
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    EUR/USD: "HIGH WAVE" PATTERN



    There're bearish patterns such an "Evening Star" and a "High Wave". So, the price is likely going to test the nearest support. If a pullback from this level happens little later on, we could have another upward price movement.



    The last "High Wave" pattern led to the current decline, but there isn't any bullish pattern so far. In this case, the 55 Moving Average is likely going to act as support soon. If a pullback from this line happens, there'll be an opportunity to have a bullish price movement.

  4. #254
    pedagoreng is offline Senior Member
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    EUR/USD: DEVELOPING BULLISH IMPULSE



    There's a developing bullish impulse, which could be wave [i]. Also, we've got a pullback from 5/8 MM Level, so there's an opportunity to have wave (v) of [i]. The main intraday target is 7/8 MM Level, which could be a departure point for wave [ii].



    The 34 Moving Average has acted as support once again, so wave (iv) might have been formed. In this case, bulls are likely going to deliver wave (v) of [i] in the coming hours. In this case, the high of wave (iii) will be broken pretty soon.

  5. #255
    pedagoreng is offline Senior Member
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    AUD/USD IS CATCHING FALLING KNIVES

    Recommendation:

    BUY 0.7495

    SL 0.7440

    TP1 0.7606 TP2 0.765



    On the daily chart, AUD/USD after reaching 88.6% target of the “Shark” and a pullback to 23.6% of the wave CD, there was a resumption of a downtrend. The Australian dollar is heading to convergence area at $0.7495-0.7500 (113target of the “Shark” + 78.6% correction level), at which there are odds of a rebound.




    On H1, an advance to 224% target of AB=CD creates an opportunity for aggressive longs. Conservative entry requires confirmation.

  6. #256
    pedagoreng is offline Senior Member
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    USD/JPY: DOLLAR WILL CONTINUE DOWNTREND

    Technical levels: support – 112.00; resistance – 112.60.

    Trade recommendations:

    Sell — 112.50; SL — 112.70; TP1 — 112.00; TP2 — 111.50.
    Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.


  7. #257
    pedagoreng is offline Senior Member
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    GBP/USD: POUND LOOKING FOR NEW HIGHS


    Technical levels: support – 1.3280; resistance – 1.3330.

    Trade recommendations:

    Buy — 1.3310; SL — 1.3290; TP1 — 1.3400; TP2 — 1.3480.
    Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.


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