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Hello Traders
I hope all of you are fine and keeping good health.
Currently, I am waiting for an upside breakout in USD/CHF currency pair.
Now, let me explain why I am looking for a bullish rally.
::USD/CHF ::
Trend is bearish in 1 hour time frame.
Price is printing lower highs and lower lows but MACD is
showing "Reverse Divergence". Also, the whole decline looks choppy
and corrective wave pattern.
A break out above 0.9621 resistance level is going to end
current down trend in USD/CHF currency pair.
After an up side break out we can look for long trades.
Below is a USD/CHF 1 hour screen shot (image attached).
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
==========================================
Hello Traders
I hope all of you are fine and doing great!
Currently, I am waiting for an upside breakout in GBP/USD currency pair.
Now, let me explain why I am looking for a bullish rally.
:: GBP/USD ::
Trend is bullish in 1 hour time frame because price is
printing higher highs and higher lows.
According to my Elliott wave calculations, I expect a bottom
around following levels:
1.5874
1.5836
1.5827
However; if price hit 1.5749 level (wave count invalidation point)
then bullish wave count is not going to work.
Below is a GBP/USD 15 minutes screen shot (image attached).
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
===================================================
Hello Traders
I hope all of you are fine and doing great!
Currently, I am waiting for an upside breakout in USD/CHF currency pair.
Now, let me explain why I am looking for a bullish rally.
:: USD/CHF ::
Trend is bearish in 1 hour time frame because price is
printing lower highs and lower lows.
According to my Elliott wave calculations, I expect a bottom
pattern. If market penetrates 0.9299 then bullish wave count is not
going to work.
Below is a USD/CHF 1 hour screen shot (image attached).
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
=============================================
Hello Traders I hope all of you are fine and doing great! Currently, I am waiting for an upside breakout in USD/CHF currency pair. Now, let me explain why I am looking for a bullish rally. :: USD/CHF :: Trend is bearish in 1 hour time frame because price is printing lower highs and lower lows. According to my Elliott wave calculations, I expect a bottom pattern. If market penetrates 0.9299 then bullish wave count is not going to work. Below is a USD/CHF 1 hour screen shot (image attached). Kind regards, -Muhammad Azeem Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter =============================================
Muhammed,
First off, let me thank you for your great work and contribution and help.
I have been studying Elliott Waves for a little while, and am still a novice for sure. I was looking at your previous post regarding the USD/CHF and how you are looking at it as a Bullish Wave Count. I was wondering if you could look at my image posted below and tell me where I am going wrong with how I was interpreting it as a Bearish Wave Count. Any help would be most appreciated and again, thank you.
With Regards
Steve
Muhammed,First off, let me thank you for your great work and contribution and help.I have been studying Elliott Waves for a little while, and am still a novice for sure. I was looking at your previous post regarding the USD/CHF and how you are looking at it as a Bullish Wave Count. I was wondering if you could look at my image posted below and tell me where I am going wrong with how I was interpreting it as a Bearish Wave Count. Any help would be most appreciated and again, thank you.With RegardsSteve
Do not break the following rule.
Wave 4 can not enter the price territory of Wave 1
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
=================================================
Hello Traders
I hope all of you are fine and doing great!
Currently, the trend is bullish in USD/CHF currency pair and
I am looking for a pull back to go long in this market.
Now, let me explain why I am looking for a bullish rally.
::USD/CHF ::
Trend is bullish in 1 hour time frame.
Price is printing higher highs and higher lows.
Candlesticks are present above 200 period EMA.
I am waiting for a pull back around 200 ema (red color ema)
Below is a USD/CHF 1 hour screen shot (image attached).
Kind regards,
Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
===============================================================
Hello Traders
I hope all of you are fine and doing great!
Currently, the trend is bullish in USD/CHF currency pair.
I am looking for a pull back to go long in this market.
Now, let me explain why I am looking for a bullish rally.
::USD/CHF ::
Trend is bullish in 1 hour time frame.
Price is printing higher highs and higher lows.
Candlesticks are present above 200 period EMA.
I am waiting for a pull back around 200 ema (red color ema)
Note: We need a break out above critical resistance @ 0.9597.
Below is a USD/CHF 1 hour screen shot (image attached).
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
===============================================
Hello Traders
I hope all of you are fine and doing great!
Currently, I am waiting for a decline in USD/CHF currency pair.
Now, let me explain why I am looking for a bearish move.
::USD/CHF ::
Trend is bearish in 1 hour time frame.
Price is printing lower highs and lower lows.
Over all it seems to me that price is creating expanded flat corrective
pattern. I am currently waiting for a down side break out.
Please note that I am looking for a bullish rally after a decline in USD/CHF
currency pair. Below is a USD/CHF 1 hour screen shot (image attached).
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
==============================================
Hello Traders
I hope all of you are fine and doing great!
Currently, I am waiting for a decline in EUR/JPY currency pair.
Now, let me explain why I am looking for a bearish move.
:: EUR/JPY ::
Trend is bullish in 4 hours time frame.
Price is printing higher highs and higher lows.
The reason behind looking for a sell is the break down of an upward
slopping channel.
We also got bearish divergence with RSI and MACD.
A break below 112.21 will confirm a bearish trend in 4 hours chart.
Below is a EUR/JPY 4 hours screen shot (image attached).
Kind regards,
-Muhammad Azeem
Forex Elliott Wave Forecast - Free Elliott Wave Analysis Newsletter
=========================================
Hello Traders
I hope all of you are fine and doing great!
:: AUD/USD ::
Currently, I am watching a possible running tri-angle in AUD/USD currency pair.Trend is down is daily time frame but it also look sideways.
Expect more sideways trend in coming days.
Only a break below 0.9536 critical resistance level is going to
start a bearish trend in AUD/USD currency pair.
Below is a AUD/USD daily time screen shot (image attached).
Kind regards,
-Muhammad Azeem
Learn Forex Trading and Forex Managed Account Program
Muhammad Azeem (readyforex) on Twitter
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