Victor.Y.F
Long

INFLATION IS COMING MARKETS ARE WAITING FOR FED english version

FX:EURGBP   Euro / British Pound
108 1 6
republished:
FYI I'm using my own label definition not from any "BOOK".
Technically, ABW is a running flat 3-3-5 structure. I agree with signal Suisse. FED will allow some inflation then rates will rise. Same correlation with GOLD             .
Trade closed: target reached
Comment:
snapshot
Comment: I want to warn you guys about GOLD longing as same correlations as EURGBP.
1, From July 2015 it's PBOC buying gold to April 2016 then they stopped buying it now.
2, CFTC commercial holdings are heavily short it too.
3, With weighted JPY huge rising, FRB should rise rates in June and July for covering JPY's purchase power recovering.
4, RISK OFF is playing now.
Thank you for your likes! I think the harmonic pattern is completed. Be careful now..... For myself, I bought a lot of JPY currency already for some huge risks take place and I will take profit after those risks then move to the long term swap of the USD. I will update the chart graphic in comments.
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