I will be looking to go long on eurchf b ased on some technical analysis reason. But there, there are confirmations to be made, before making an entry on this one. Eurchf breached my 1.17000 monthly resistance level,came back for a retest and rejected around 61.8 fib level, previously gave me a 3 strike trend line strategy. in order to make this brief and not also...
No change in my view since previous publish, market are going down usually as expected. The correction in blue wave b converted from flat to triangle and red wave 3 ended at 1.1300 also finished blue wave b of Y. After that we saw a quick decline in last blue wave c and the ideal target for this wave is near 0.8500 area. This area has lot of support as long term...
EURJPY; has a potential reversal zone with completion of D leg (long opportunity) if the price fails and continues down = Next PRZ @122 (Butterfly)
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I personally have been short on this pair since December :)
Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so
There are many reasons for this setup Fundamentals and technicals
- jubilee year ?
- shemitah Year ?
- every 8 years a financial crisis
- FED raising rates to...
SHORT TERM ANALYSIS:
After a major rally from gold, we can expect Gold to reverse at this point. With RSI heavily in the oversold region, we can catch some pips shorting it.
LONG TERM ANALYSIS:
Gold can potentially go up higher following the retracement. However It may always run sideways after the retracement
Short @ 1073.55
Stop @ 1075.71
T/P @ 1069.77