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#GBPUSD Weekly Analysis: More Downside Expected Sooner Or LaterGBPUSD has been creating bearish pattern and last week's rise was expected due to : 1. 38.2 Fib target hit 2. Mid of Bollinger Band hit 3. Weekly Bull candle hit (Mid of the M pattern) So depending on market behaviour around previous trend lines, we can expect more down side. There are 2 regions where we can take short positions from. Hit the like button and subscribe to my future analysis if you found this analysis useful. Thanks!!
Short
by vikinsa
2
#EURUSD Has More Chances Of Bullish Week Ahead - Weekly AnalysisTraders, Although EURUSD has argument for both long ans short positions at the moment, we must not forget that on the daily time frame we are still in uptrend. Also Weekly Elliott Wave is also still intact. So There are are more chances of medium to long term bullish movement. One scenarios is that we will start the bullish movement right away or other scenario is that we may have 1 -2 bearish days or a gap down on Monday but we should finish the week with a bull candle if patterns play alright and nothing significant comes in the market. Lets see how it unfolds. We must watch the zone in red to look for bullish structure such as engulfing candle or pin bar. Please hit the like button and drop a comment below to encourage me further to bring my best to you. Thanks.
Long
by vikinsa
#AUDUSD Bearish Week Expected - Weekly AnalysisAUDUSD is repeating its weekly candlestick pattern for the 3rd time with great accuracy. The coming week is expected to create a bearish candle and the week after will be a bullish candle. This week it is going to retest the trend line before resuming the uptrend again the week after. We have 2 patterns completing near the trend line. So we can take a short position if the markets allows us to. Once we reach the zone and the market has tested the trend line, we can close the short and prepare for long position week after. Please hit the like button and drop a comment. Let me know what you think of AUDUSD next week. What is your analysis?
by vikinsa
2