<p>Pivot</p> <p> (invalidation): 10330.00 </p> <p>Our preference</p> <p>Long positions above 10330.00 with targets at 10600.00 & 10730.00 in extension.</p> <p>Alternative scenario</p>
Blogs
(05 MAY 2020)USD/TRY The upside prevails.
<p>Pivot</p> <p> (invalidation): 7.0300 </p> <p>Our preference</p> <p>Long positions above 7.0300 with targets at 7.0580 & 7.0700 in extension.</p> <p>Alternative scenario</p>
(05 MAY 2020)AUD/USD Further advance.
<p>Pivot</p> <p> (invalidation): 0.6415 </p> <p>Our preference</p> <p>Long positions above 0.6415 with targets at 0.6470 & 0.6485 in extension.</p> <p>Alternative scenario</p>
(05 MAY 2020)USD/CAD 1.4005 expected.
<p>Pivot</p> <p> (invalidation): 1.4105 </p> <p>Our preference</p> <p>Short positions below 1.4105 with targets at 1.4050 & 1.4005 in extension.</p> <p>Alternative scenario</p>
(05 MAY 2020)USD/CHF Watch 0.9680.
<p>Pivot</p> <p> (invalidation): 0.9635 </p> <p>Our preference</p> <p>Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension.</p> <p>Alternative scenario</p>
(05 MAY 2020)USD/JPY Key resistance at 106.75.
<p>Pivot</p> <p> (invalidation): 106.75 </p> <p>Our preference</p> <p>Short positions below 106.75 with targets at 106.45 & 106.25 in extension.</p> <p>Alternative scenario</p>
(05 MAY 2020)GBP/USD Further advance.
<p>Pivot</p> <p> (invalidation): 1.2430 </p> <p>Our preference</p> <p>Long positions above 1.2430 with targets at 1.2485 & 1.2510 in extension.</p> <p>Alternative scenario</p>
(05 MAY 2020)EUR/USD Key resistance at 1.0925.
<p>Pivot</p> <p> (invalidation): 1.0925 </p> <p>Our preference</p> <p>Short positions below 1.0925 with targets at 1.0890 & 1.0875 in extension.</p> <p>Alternative scenario</p>
Harmonic Pattern – Predict Turning Point
<p>Harmonic Pattern – Predict Turning Point </p> <p>Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You
AUDUSD SHORT TRADE SETUP
<p>The 4-hour right side is down against 12/31/2019 peak (0.7030). 1 hour is turning down against 0.6571 high. Near-term, while bounces fail below 0.6571 high and more importantly below 0.7030 high expect pair to extend lower.</p>