long from 18 to 22+, then short to 10-
Short term short, Possible Bullish trend for the Long term.
DXY In Bullish Position Wave(3).Jupiter Will Enter Libra Soon
I will wait on the breakout. But I feel like this one will be a berish and then it will be a bullish.
XAUUSD has a clear RSI Bearish Divergence on 3-Day chart. I will keep an eye on the uptrend to short the breakout. This trade is suitable for a midterm position trader. Cheers!
Reasons to be be short: - Breakout of Bearish Flag - Right shoulder completion of Head & Shoulders - Touch of pivot point, 200ma, and flag - Elliot Wave Correction - Potential leg CD of a bullish crab forming - Fundamentals Please take a look at my crude oil chart description to view the fundamentals behind this trade
DXY is forming the right shoulder of the inverted Head and Shoulders pattern. Buy on Neckline breakout. Cheers!
EURUSD is currently returning to a trend line that has been in play for several days now. Waiting for a breakout below the short term stop. USD is strong following rate hike and still has a ways to go. Waiting for temporary upturn to pass before entering short.
Long DXY (US Dollar Index) on 1h, 4h, and finally waiting for 1D breakout... I'm short EURUSD, long USDCHF and long USDZAR.
We already have 3 confirmation points for a bullish Cypher pattern, which is forming at key support/resistance leves: if price arrives to 1.2954 as expected, it could be a very good level for entering long positions For now: Shorts Entry point: current values. SL: 1.3460 TP: 1.2954 Longs Entry point: 1.2965 SL: 1.29 TP1: 1.3140 TP2: 1.3195 TP3: 1.3255
Possible ABCD move to complete a bullish Gartley pattern. Watch the trendline to breakdown, retrace and short US Dollar. ECB statement will be made in less than two hours. Impossible to find a better reason to complete a disaster beginning of September for the US Dollar.
With the dismal ISM report - the tides may of shifted for the $. I am still expecting some consolidation, but any upside should be viewed as a potential to sell. We have spent 21 months in the same range and are washing around in the Brexit Range as well. Going nowhere fast.
EURUSD tested and rejected the resistance area between 1.1330 and 1.1360 shortly after Yellen's speech had begun and broke out downwards. We should see lower prices during the coming weeks.
Down the flag, but there is a callback On Target: 1337 Under Target: 1287
After have the count produce the low to the day and with in 20 points, the Composite has moved back into the mid point of its long range. The pitchfork still has it bullish though it the lower channel. I expect it to hug the lower line with a slight upward bias for the next 4-7 trading days. Then I believe it will go lower.
I'm expecting USD to decrease in value relative to other currencies by FED policies such as Quantitative Easing & NIRP We may not see this until after the US elections to ensure a Clinton victory, but i assure you they cannot tolerate deflation and will print their way out of it so long as they can I feel the FED's actions will lead to increasing inflation over...