USDCAD - An example of alternation and speed Chart 02
USDCAD - An example of alternation and speed Chart 01
Between the Fib resistance lines, the Stochastics and the Momentum, this is looking like a short setup for me.
Thoughts on potential up-move in the EURUSD. Please let me know your agreements/disagreements to this analysis. Happy trading!
While I could potentially see a bounce to the upside right now in the next couple hours, it would be a very aggressive move considering the strong move to the downside over the last couple days. I think I'll be better off waiting patiently for a new short signal.
I don't think Gold will do much more this week in gains, unless it breaks out for another runaway profit run. Otherwise I would expect retracement down to at least 1266.
AUDJPY short term bounce, looking for another shorting opportunity. The AUDJPY -1.24% is within multiple downward wedges on the Daily and H4 timeframes, giving power to a suspected longer downward move. I consider it continuing downward as long as it stays closed below the .0902 fib speed resistance line. I use the same lines on smaller timeframes to establish...