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  1. #261
    pedagoreng is offline Senior Member
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    USD/JPY: YEN’S IN THE SHARK’S LAIR

    Recommendation:

    BUY 112.35

    SL 111.75

    TP1 113 TP2 113.25

    TP3 113.9

    On the daily chart, USD/JPY bulls managed to lead the pair outside of the long-term downtrend channel and settle above resistance at 111.65. A successful test of resistance at 113 will return buyers the hope for going to 113% target of the senior “Shark” pattern.



    On H1, there’s a great possibility of a volatile trading. After a break of the upper border of the downtrend channel and reaching 113% target of the junior “Shark” pattern, there may be a pullback and a retest of the diagonal support.


  2. #262
    pedagoreng is offline Senior Member
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    EUR/GBP: BULLS ARE GOING FOR A RETEST

    Recommendation:

    BUY 0.8825

    SL 0.8770

    TP1 0.8885 TP2 0.8950

    On the daily chart, EUR/GBP is fighting for 0.8805 (50% of the long-term bullish wave). Bears are trying to bring the pair inside the downtrend channel. If they succeed, the risks of correction to the long-term trend increase. On the other hand, return of the pair above 0.8805 will return the initiative to the bulls.



    On H1, EUR/GBP formed a “Head and shoulders” and “Gartley” patterns. The realization of a 1-2-3 pattern will allow bulls to count on a retest of the neckline.


  3. #263
    pedagoreng is offline Senior Member
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    AUD/USD: BULLS CLUTCH AT A STRAW

    Recommendation:

    BUY 0.7640

    SL 0.7585

    TP1 0.7750 TP2 0.7895



    On the daily chart, AUD/USD keeps fighting for the lower border of a long-term uptrend channel. If bulls fail to hold it, the risks of realization of 88.6% target of the senior “Shark” pattern will increase. On the other hand, a break of resistance at 0.7637-0.7640 will trigger the junior “Shark”.



    On H1, AUD/USD after reaching 78.6% target of a “Shark” pulled back to 88.6%. The second attack of resistance at 0.7635 in case of success will allow bulls to count on the continuation of the rally.

  4. #264
    pedagoreng is offline Senior Member
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    GBP/USD: BULLS SHOWED WEAKNESS

    Recommendation:

    SELL 1.3520

    SL 1.3575

    TP1 1.342 TP2 1.332

    On the daily chart, the inability of bulls to get above resistance at 1.3520 and 1.3585 points at their weakness. As long as GBP/USD is trading below 1.3605, risks of consolidation are rising. If this level is breached, the possibility of the uptrend’s resumption will go up.



    On H1, one may use rebound strategies. If the pair reaches 88.6% target of the “Bat” with the following recoil of the descending channel’s upper border, this will trigger “Three Indians” pattern and be a signal for selling.


  5. #265
    pedagoreng is offline Senior Member
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    GBP/AUD REVERSED FROM SUPPORT ZONE

    Next buy target - 1.7900

    GBP/AUD recently reversed up with the daily Hammer from the support area lying between the key support level 1.7600 (which reversed the previous impulse wave (iii) in November as can be seen below) and 38.2% Fibonacci correction of the previous minor impulse wave from October. GBP/AUD is expected to rise to the next buy target at the next resistance level 1.7900 (which reversed the previous sharp minor impulse wave (iii)).


  6. #266
    pedagoreng is offline Senior Member
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    NZD/USD: KIWI PREPARED FOR TAKEOFF

    Recommendation:

    BUY 0.6910

    SL 0.6855

    TP 0.7010 TP2 0.7105 TP3 0.7170

    On the daily chart, NZD/USD after fourth unsuccessful test of support at 0.6820-0.6825 returned to the upper border of the consolidation 0.6820-0.6910 range. A successful test of resistance at 0.6905-0.6910 will increase the risks of 88.6% target of the junior “Shark” pattern.



    On H1, the inability of bears to lead the pair outside of the uptrend channel points at their weakness. Another test of resistance at 0.6905-0.9610 will lead the pair up to 161.8% target of the “Crab” pattern.


  7. #267
    pedagoreng is offline Senior Member
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    USD/CAD: LOONIE SHOWED WINGS

    Recommendation:

    BUY 1.2885

    SL 1.283

    TP1 1.2985 TP2 1.313 TP3 1.325

    On the daily chart, the inability of bears to hold USD/CAD below the lower border of the uptrend channel points at sellers’ weakness. To restore the uptrend and reach 88.6% target of the “Shark” pattern, bulls need to conquer resistance at 1.2922.



    On H1, return to resistance area at 78.6% and 88.6% of the wave 4-5 of the “Widening wedge” means that bulls are in control.


  8. #268
    pedagoreng is offline Senior Member
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    GBP/USD: BULLS RETREAT, BUT DON'T GIVE UP

    Recommendation:

    BUY 1.3430

    SL 1.3375

    TP1 1.3530 TP2 1.3585

    On the daily chart, GBP/USD is retesting the upper border of the previous consolidation range 1.3040-1.3320. In case of successful break of support at 1.3290-1.3320, bears will have an opportunity to trigger “Shakeout-Fakeout” pattern. To resume the uptrend, bulls need to conquer resistance at 1.3520 and 1.3585.



    On H1, GBP/USD has almost reached 78.6% target of the “Gartley” pattern. A pullback of support at 1.3295 with the following return inside the uptrend channel will allow bulls to develop their attack.


  9. #269
    pedagoreng is offline Senior Member
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    EUR/JPY: NO ONE WANTS TO YIELD

    Recommendation: BUY 134 SL 133.45 TP1 135 TP2 136 TP3 138

    On the daily chart, EUR/JPY keeps consolidating in the 131.50-133.95 within the “Spike and ledge”. Another test of resistance at 133.95 in case of success will increase the odds of an advance to 200% target of AB=CD.



    On H1, a “Widening wedge” pattern is still actual. Bulls and bears didn’t choose a winner, but a successful test of resistance at 134 will mean the victory of the euro against the Japanese yen.


  10. #270
    pedagoreng is offline Senior Member
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    USD/JPY: LOWER "WINDOW" ACTING AS SUPPORT



    There's a bearish "Three Methods" pattern, which has been confirmed. Also, we don't have any reversal pattern so far. In this case, the price is likely going to continue declining towards the next support area.



    The lower "Window" is acting as support. Moreover, there's a bullish "Hammer", which hasn't been confirmed yet. So, the pair is likely going to test the nearest Moving Average, which could be a departure point for another bearish price movement.

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