Gbpchf Video Analysis

This was a video I recorded  on Gbpchf  few days ago, someone might find it interesting

Bearish Momentum Could drag Gbpyen to the South

I have been watching this pair for some time now and I think there is something interesting emerging. 

With proper trend analysis, one could say this pair is on the downward trend on the daily chart. The recent bullish push could end soon for the bearish trend to resume.

Going by my normal wave and pattern recognition , I see a possible end of wave 4 to resume wave 5 downward.

The recent upward push is as a result of an ending diagonal/wedge pattern which is now at the sub-wave 4 of W-3. There is also a strong resistance (172.40-172.60) that could hold price against further push up to the W-1 region.

I will wait for a good bearish engulfing bar to sell at the resistance zone mentioned above with my stop loss at 173.00 ( where W-1 will be altered). My final target- Support zone ( 169.50).

On the other hand, if price pierce the resistance zone mentioned and move in the region of W1 I will withdraw the sell order. If price broke the resiatance trendline upward, we could see a deep bullish correction or even reversal.
I will watch as price tell me what next to do.

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Possible end of Usdcad correction for the continuation of the BULLS

I have been expecting a wave 4 correction since July 30th when I had the last update on the usdcad continued bull move after an expected correction. 

Now, the correction looks like completed and I am expecting usdcad to push to wave 5 at 1.1050.

Long entry isn't bad but stop loss should be below 1.0820.The analytical chart below could prove helpful

This analysis is for educational purpose only and care should be taken in interpretation.

For questions, partnership, mentorship and other services , contact me below:
E-mail: sanmiadeagbo@yahoo.com
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Why Nzdyen bull should continue

With a potential double bottom on daily chart, we might see a real move up. Get the gist with the analytical charts of daily, 4 hour and 1 hour time frame below

This analysis is for educational purpose only and care should be taken in interpretation.

For questions, partnership, mentorship and other services , contact me below:
E-mail: sanmiadeagbo@yahoo.com
Facebook: Sanmi Adeagbo
Twitter: Forexelyte
Phone contact: (234) 08134820569