Copper - Correction from 2.89 is close to completion The correction in wave B or 2 from 2.89 should be close to completion and wave C of 3 lower to at least 2.79 should be seen soon. I do prefer a deeper decline closer to 2.48. A break below minor support at 3.01 will confirm that the correction from 2.89 has completed and the next impulsive decline is developing.
The recent nonfarm payrolls event completed an inverse head and shoulder pattern on EURUSD . I will look for a good entry now. Target is just around 1.14000
The pair completed a 0.5 retracement of the previous leg following divergence short targeting a 2.618/0.382/0.886 FiB extension.
if the RSI is under sold at 111.00 will be good opportunity for a long position.
The pair was supported in 1.03200 area, where we can find a strong demand zone. Even though upside move is expected since the AUDNZD 0.15% is oversold, we can see a major support line becoming resistance all the way back from December 2005 lows. On the other side, many support lines and fibos are covering our last bounce area, so if the pair should continue and...
inverted head and shoulders in $EEM weekly.
Hello Traders, I personally missed this entry, but i believe it is still worth a post. Maybe we can get a retest at entry at 1.3209
STOP LOSS AT 127% FIB LEVEL. MQL5: www.mql5.com
Total NFP confirm the positive developments in unemployment rate. The data trends firmly upwards since 2011 and has surpassed the pre-crisis peak of 2008.