WEEKLY
DAILY
4 HOURLY
Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.
Weekly: Expecting prices to further rally the correction mode of the Pair. Next week market is likely to trade a tight smaller range, which may ends in the red by the end of the week.
Daily: Wave B of A-B-C- correction is in progress. A lower timeframe triangle is visible in the daily timeframe. A GGTL breakout also required lower CGD which is not formed just yet. so completion of the wave B will lead us to CGD on the Daily at the end of Wave C.
H4: The possibility of wave E to overshoot is very likely in H4, which will end the market on the higher note. An alternate scenario could be a complex correction, which can take longer to complete.
Next trade setup: Our game plan for this pair is currently to monitor H4 for the completion of Wave E, than we will trade short for Wave C trade. The profit target for Wave C should be 72.5