Elliot waves analystπŸ“ˆπŸ“‰
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XAGUSD 1H ... we are still on the correction phase there is no clear chance what price will do so we will still keep looking for short term selling opportunities . Again we are still in the correction phase so nothing is high probability yet
We have witnessed the yen collapse last week and the effect was evident to almost all currencies especially after the the us intervention ... now am still hesitant to commit but we could cast our analysis to try and predict what will follow next
DXY (dollar index ) 4h .. with that huge shock its very unlikely that market will rebounce straight away , it will take sometimes for price to start picking up bullish momentum . This is exactly what waves are suggesting as price is now trading on wave (c) of this running flat . according to this analysis we should see price try to trade higher where people will think price has started trading higher but that won't be the case as price will only be trading this wave (4) then we might have another bearish drop to finalise the pattern whipping out some more capital and from there we will start getting true bullish movement
Note this wave (4) might take this whole week to trade so if you get a buying opportunity on higher timeframe (starting from 1h ) just know that is the lowest probability setup and the risk of you getting stopped are much higher
EURUSD 4H ,,, its quite different on EURUSD , we were expecting this bullish move as wave (c) but unlike the dollar index this analysis suggest that we should start selling for wave (5) as we have completed the running flat on wave (4) with that last week bullish push for wave (c)
EURUSD 1H .. see this wave (c) has created a very clean impulse , so we should start looking for selling opportunities . Again this is still not a high probability move as we are still heavy bullish . It will stay that way until price trades below that low made by wave 4 as that will confirm trend change
XAUUSD (GOLD) 1H ... right now we are in this correction phase I think we will still trade lower . Again as you can see no macro count on these analysis am keeping myself flexible as the current market situation might change without any warning
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Its 40$ for the first month then an offer price
This month most pairs will break out of the consolidation zone . So the following are what am considering happening
Am not optimistic on the long term bullishness of BTCUSD but this week we should have some bullish pressure as price will be trading wave (c)
XAGUSD (silver)1D
XAGUSD (silver)4h