eu short continuous this is the result of my strategy
As I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway...
The current pattern formed by the benchmark yesterday shows the hesitation of the market ahead of the US Jobs report. The daily Pivot Point of the benchmark is around 1956.95. If it opens above that level it suggests a bullish trend. The daily support levels would be 1938.89 , 1926.66 and 1908.6. The daily resistance levels would be 1969.18 and 1987.24. The...
Despite today's sharp selloff in the dollar, USDJPY holds long term ground The price held 1-year (264-day) mean standing at 117.60 The price also did not fail its relevant lows at 115.40 Thus USDJPY is likely bounce back up now However, risk of more downtrend remains as price trades below 1st standard deviation from quarterly (66-day) mean at 122.25
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up. Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...
The warning issued in my previous chart has come to full fruition as the bearish rising wedge pattern has been broken to the downside. The target might be lower than previously announced, i'm looking at a TakeProfit at or around 260 (to play it safe, though it might fall to 250 range). Once the fall finalizes and touches down on the longterm falling wedge...
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...