Descending triangle & momentum confirm weakness.
USDJPY pair is doing now a days what it do as usual but at this time , Its time to think BULLISH. This consolidations ends about too. Our invalidations are 121.40 which will protect us and we will remain our bullish mind until 121.40 safe. We believe that now at this time 122 level or near , here wave (4) completed as triangle end and we will look to find...
This is the zone where most traders get drowned.....I am pleased to welcome you into Wave 4 (a Hurricane) Not much I can publish here, I believe we have entering Wave 4 of the Main Down Trend. I see none 5 clear waves up from several surge / rally...from low 30-Nov until today. Another low made yesterday on 1.0550. I made the catch for entry long at 1.0560, and...
Calm before the flushing storm? $COMPQ $NDX $NQ_F
Quicker and sooner than I thought... Today is the day, eurusd nearly complete its last wave 5 of (v) of Big 3.... "When it's over.....it's over...." > wave 3 ( or Big C) is Over (a motto of Elliott Wavers) Brace your self for the Tsunami.... Wave 4...will be a bumpy ride Entry / key level 1.0592
NOK has been trough the perfect storm, as the USD has been high on forward guidance from FED regarding rate-hike in December and the Oil has recently fallen below 40USD. But as we soon enter December, we do notice more sellers in USDNOK, as in more spikes from high levels and established resistance and weaker ''pace'' on the trend which is for now up. However, if...
AUD has been rallying ever since the RBA rate decision, and strong PMI data. Meanwhile, the sentiment toward the Euro is bearish on account of the recent Paris tragedy. These two facts form 'perfect storm' of potential for AUDEUR, as we can clearly see. Now is not the time for optimal entry, as we've seen 5 years of consecutive rallying and are due for a...
DRAGHi and CHiNA EURUSD was actually two or three days in a cramped situation. Fed president Janet Yellen said on Tuesday 's speech on current data and expectations due to talk about in detail in the pair did a remarkable mobility. Although it looks like an ordinary week before the storm was dominated by silence. Although i have seen i have done analysis and...
big cloud for nikkei , could reach 18800 on surprise BOJ news but here @ 31.8 fibonacci and 61 fibonacci fib fan + cloud daily looking quite toppy to me :)
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From today's Chart of the Day on the Vantage FX News Centre. EUR/JPY is a Forex cross that I haven’t had on my watch list for a while now, but it’s time to bring it back for a look. The daily chart has coiled into a triangle, with the most recent touch of trend line resistance coinciding with a horizontal SR zone that has been tested all over the place in the...
Hurricane Joaquin is heading for the East Coast of the United States and threatens to be the first major storm to make land fall this season. Though it will miss the Gulf, could still heat up the supply-demand concerns in the energy complex. I'm watching to see if the spread between US-based WTI closes in on Europe's Brent continues to close.
Recovery that we can believe from recent sell off. This security performed better than the rest of the Chinese stocks and it seems buyers will storm if price manages to close above 19 month moving average which historically been bullish. If that happens next few weeks, expect price to extend or test recent monthly swing high $61.25. Real time alerts check...
I am short after the storm cooled down from the FOMC decision to leave US intrest rates unchanged @ 0.25%. Not sure anymore now and considering tightening my SL levels... Two patterns could be in play for this pair on the 1H and 4H charts: - a simple pattern namely a descending triangle which could point to a bearish direction. - an advanced pattern namely a...