Gbpchf to resume the bearish trend?

This pair really gave me a lot in the past two weeks. I have been buying at different positions and made more than 250 pips. But I see the recent bullish move could be a mere correction of the bearish trend we've been having.

I think it could be time for the bearish trend to resume, and if it is ready to resume, we could be in for mouth watering galore of PIPS

This is why i think the bearish could resume
1. the 4H has formed a bearsish gartley at a strong bearish trend line
2. the bearish formation is accompanied with a bearish candlestick formation
3. the momentum indicator on 4H is overbought and trending down while on D1 is overbought too but not trending down yet

If this pair will trend down as predicted, we should be expecting an initial movement to 1.4630 where we could see a buy signal to push up.

 If there is no sign of the bulls then price could drive down  below 1.4500 and then to 1.4400
Good luck to you all

If this analysis has been helping someone, pls drop a comment.Thank you

EurUsd making a false breakout

EurUsd is making a false breakout

Check the chart below

I expect GbpChf Bullish Run to Coninue

After raking about 100 pips from trading the bullish gartley harmonic pattern I earlier mentioned. The pattern is still intact, though undergoing a minor retracement due to the formation of a pin bar.

I still maintain a bullish bias looking at the 4H chart below, the 4^th Elliot wave could end @ 1.4555 to resume a fresh bullish move (wave 5) to 1.4690-1.4700       (confluence of strong resistance and 50%-61.8% retracement of the bearish run which started on 5^th march)

AUDCHF Weekly Outlook

This pair looks like forming a good formation, rising from a bounce off the established upward trendline after a bullish candles formation.

The price is heading toward strong resistance @ 0.8045.

A bearish candles formation off this level could create a bounce and price gets bearish to 0.7900 or lower.

If price breaks 0.8045 upward, the next visible level is 0.8175 .If price turns back before 0.8175, we could have a bearish harmonic set-up

4 reasons why Gbpchf could be bullish

I have been watching this pair for some time and I think it has fulfilled my 'righteousness' enough to consider for a buy.Here are my reasons
1. A successful bullish gartley pattern formed

2. Pattern confirmed by an engulfing candles formation which also contain a bullish reversal pin bar, though the day is still open

3.The gartley formed at a reversal trendline support region

4. The oscillator trending up from an oversold region

These are more than enough reasons to consider a buy, though 1.4640 could act as a barrier.  

A consolidation could happen there before the price move to 1.4850 which is the ultimate target

4 Reasons for selling EurGbp tomorrow

Check this pair out and see four reasons one might consider to sell this pair

1. Successful bearish butterfly pattern formed

2. Pattern confirmed by a bearish candlestick ( provided it's maintained till the end of today's candle

3. Pattern and bearish candle formed at a strong resistance level ( 1.8390)

4. Momentum indicator at overbought region.......

If today's candle engulfs yesterday's candle..I will definitely open a sell order 

EURNZD FORMING BULLISH

From September last year till now, this pair has been ranging. After forming a resistance at 1.6675, it moved down steadily to retest 1.6255 with a pin bar candle. 

I expect a movement up from there to 1.6465 and 1.6600 which are going to be my targets with my stop loss below the pin bar. 

Price could dip lower with about 30-45 pips before the predicted move. As usual my buy limit will be at 1.6285

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EurUsd bearish?

This pair was on an irregular trendy bearish wave pattern from mid-December 2013 to late January and early February this year before it commenced on a sweet bullish run to 1.377s and it remained there to form a resistance. It broke this level on Friday 28th February with a long bullish candle to retest the 1.38 - 1.381 resistance formed on December 2013

We have seen this week, so far, how price reversed below this level and formed an inside bar and pin bar set ups.

I expect price to retest 1.3755-1.3770 or a little bit more before it starts the bearish reversal to 1.366s-77s and the stop loss could be above the middle candle.This scenerio will be invalid if price returns to 1.38100 with a high momentum.

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Eurcad bearish formed

This pair looks good to my eyes with beautiful swinging patterns forming, which started on August 2012 (Zoom back your platform to view). A fall could be imminent ( at least at the short term).

The wave that formed from early January this year formed a bearish reversal candles pattern  at (1.5315-1.5320) , and tested 1.4970-80 briefly before resuming the swing upward to retest (1.5315-20) level.

The formation of a pin bar reversal candle at this level could force this pair to form a double top and drag it back to (1.4970-80) level and if broken could see it going down to 1.4426

On the other side, if the afformentioned pin bar is broken upside with a high momentum, we could see a bullish wave resumption to 1.6 levels.At the moment, I see this pair retesting 1.528s before moving toward 1.497s with stop loss a little pips above the pin bar. 

Trade at your own risk. 

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