Market Analysis of the 6th of June 2016 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1
Daily Charts: No more trend for most of the pairs but possibility to trade the wave 5 on H1.
EUR/USD: Pullback, patience.
GBP/USD: Pullback, wave 4 but pair to check as the price could break the new sell fractal.
USD/JPY: New push of the price, maybe wave 5 starting, look for shorts.
USD/CHF: Pullback, patience.
AUD/USD: Pullback inside in the alligator, patience.
EUR/JPY: New push of the price down reaching a lowest low, still wave 5, look for shorts.
USD/CAD: Wave 4, look for shorts at the break of the sell fractal.
NZD/USD: Strong pullback in the direction of the main trend, look for longs.
XAU/USD: Pullback inside the alligator, patience.
Daily Charts: No more trend for most of the pairs but possibility to trade the wave 5 on H1.
USD/JPY: New push of the price, maybe wave 5 starting, look for shorts.
USD/CHF: Pullback, patience.
AUD/USD: Pullback inside in the alligator, patience.
EUR/JPY: New push of the price down reaching a lowest low, still wave 5, look for shorts.
USD/CAD: Wave 4, look for shorts at the break of the sell fractal.
NZD/USD: Strong pullback in the direction of the main trend, look for longs.
XAU/USD: Pullback inside the alligator, patience.
For orientation/direction of trades, click "Signals" in the menu (On Monday 6th of June from 8:00 GMT+1)
For orientation/direction of trades, click "Signals" in the menu (On Monday 6th of June from 8:00 GMT+1)
Thanks for the post, great advice. I wanted to add that IRC channels are also good sources of info, especially when gauging market sentiment for short-term trades. daytrading course
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