In this publication I wish to expand on my previous multi-timeframe analysis of the Euro.
In the right we have a wave count I've updated, based on Tim West's publication, which warned of the end of a wave B in the Rgmov 'wave chart'. This alerted of a potential uptrend to emerge from that spot, which did materialize but has taken longer time than Tim...
After seeing The Working Trader's idea I figured I could attemp a pair trade in this pair, to take advantage of the interest rate differential in both EURUSD short and AUDUSD long.
The entry will be a market order, but I'd have to see how the markets open tomorrow, I will update the chart by then.
For now, keep in mind that for pair trades, I aim to open a big...
After analyzing the vixfix spikes and 75% retracement levels, and their effects on price when retesting said levels, and contrasting these to the time at mode signals on this chart I concluded that the downtrend in the Australian dollar might be short lived, althought potentially very steep.
I projected two targets on chart, as well as the different potential...
Similarly to GBPJPY, USDJPY seems to have topped after moving past the vix spike 75% retrace support level.
On the daily chart we can observe bearish rgmov signals and on the weekly we can see that price has gone under 123, and failed to produce new highs after testing a quarterly range expansion bar's 50% level.
It seems like this is the start of a strong bear...
On chart we have conflicting signals. It seems that the bears decided to book profits and this ignited a short squeeze rally, or at least that is what logic implies.
Considering multiple variables, we can determine with a high degree of certainty that Bitcoin is set to rally off this juncture, as long as it remains above 228.04. We can expect realistically to...
