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EURJPY – 4th Wave Pin Bar

EURJPY – Euro/Yen EurJpy is busy carving out the 4th wave of the bigger picture and yesterday pin bar just above 50% retracement confirms our bias. We should see in the long term a new high. Long EurJpy at current prices 119.60, with stop loss below pin bar low 118.20 and first take profit 123.00 and second […]
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GBPAUD – Bat Pattern & Wave Count

GBPAUD – Pound/Aussie We remain bullish here due to Potential Bullish Bat pattern, invalidation comes in at 1.6000. Target will be at the Bearish Bat Pattern 1.6900 (Conservative take profit at 1.68000). Also see the 1 hourly chart, its been in a corrective pattern.  Corrective patterns we enter at wave 3,7 and 11. GbpAud now […]
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AUDUSD – Confluence of Resistance

AUDUSD – Aussie/Dollar AudUsd is trading sideways for the last couple of days and in a bigger triangle.  We anticipate a move lower from the wave E in the triangle.  Invalidation level is 0.7800, which makes this a great risk reward ratio trade… Our targets down would expose 0.7500 and 0.7330 On the 4 hourly […]
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EURNZD – Detail Analysis

EURNZD – Euro/Kiwi Daily Analysis: On the Daily chart, we can see one big impulse wave 1.  So after a big impulse wave, we wait for a 3 wave correction (abc pattern) and its possible that the abc is now complete. Wave C – ending diagonal, a close above that resistance would expose the next […]
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AUDNZD – Another great opportunity to Buy

AUDNZD – Aussie/Kiwi AudNzd finally made a big break to the upside after the falling wedge and potential inverse head and shoulders. AudNzd might pause here, but we are only looking for buying opportunities.  We will wait for a correction before considering a long position If wave 3 is complete now, we could see a move […]
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Intraday Updates – EURUSD & NZDUSD

EURUSD – Euro/Dollar EurUsd completed now a 5 wave decline, which can also be seen in the bigger picture as wave 1. We should see a 3 wave abc corrective pattern here.  On this stage too early to say where wave c will end?  It all depends on how big wave A will be… But […]
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GOLD – Update

XAUUSD – Gold We were very bullish on Gold since end of December.  Remember that Seasonal tendencies on Gold? Now that Golf completed a 5 wave impulse bullish move, we are looking to re-enter this bullish market.  We could see Gold moving to new highs and we will be looking to see where we can […]
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NZDUSD – Selling the 4th Wave

NZDUSD – Kiwi/Dollar We are increasing liking this NzdUsd setup.  I am sure you will remember our Cypher short setup last week. NzdUsd was one of the weakest currencies last week with a aggressive decline and we see it as part of an impulsive decline, which means we expect it to decline in 5 waves. […]
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GBPAUD – No Brainer Trade

GBPAUD – Pound/Aussie The first impulse wave is now confirmed, and the pull back will be wave 2.  (Remember the Bat pattern?) Wave 2 carving out with a pin bar on the 61.8% retracement of the impulse wave. Remember what happened with AudNzd? similar setup here… Long above pin bar nose 1.6370, stop loss 1.6280 […]