The market has broken out the starting point of last decline and dropped because of the NFP. Now the market is pulling back the 0.786RET which is at 142.0 and the bullish Libra pattern is completing. Meanwhile the Demand Zone is at 141.9-142.1 levels. So it is good to buy at 141.9-142.1 levels when price action gives signals. SL: below 141.6 TP1: 143.4 TP2:...
The potential Gartley pattern will complete at 12770 level and the AB=CD will also finish at about 12760. Meanwhile the Supply Zone is at 12765-12772 levels. Additionally, the historical resistance works at 12770-12780. So it is good to sell at 12765-12780 levels when price action gives signals in the PRZ. SL: above 12817 TP1: 12670 TP2: 12625 TP3: 12573 and further more
The market broke out the downward trendline and pulled it back, bullish XYAY pattern formed in general. Meanwhile the bullish Cypher pattern completed at 110.6 level. Additionally,the Demand Zone also works at 110.5-110.6 levels. So it is good to buy at 110.5-110.7 levels when the price pulls back. SL: below 110.2 TP1: 111.6 TP2: 112.6 TP3: 113.3 and further more
In the weekly chart, the market has soared quickly in the past few weeks, will it go on? Maybe it is not because a strong resistance is near. The 0.618RET of previous decline from Aug 2015 to Feb 2017 is at 1.545 level and the 1.618REXT of the drop from Dec 2016 to Feb 2017 is at 1.539 level. Meanwhile the Supply Zone also works at 1.540-1.560...
The market has broken out the neckline of the short-term double top and is pulling it back now. A good short place is at the 0.618RET where the Supply Zone works. So it is good to sell at 50.6-51.1 levels when price action gives signals in the PRZ. SL: above 51.2 TP1: 49.0 TP2: 48.2 and further more
The potential bullish Bat pattern will complete at 48.4 level and the 1.618EXT of AB is at 48.3 level. Meanwhile the RSI has been divergent already. So it may be a good opportunity to buy at 48.2-48.4 levels when price action gives signals in the PRZ. SL: below 48.15 TP1: 49.1 TP2: 49.6 TP3: 50.0 and further more
The bearish Bat pattern completed at 0.873 level and the 2.618REXT of BC is at 0.877 level. Meanwhile the Supply Zone works at 0.874-0.878 levels. Additionally, the RSI has been divergent already. So it is good to sell at 0.874-0.878 levels when the market pulled back the PRZ and price action gives signals. SL: above 0.879 TP1: 0.860 TP2: 0.853 TP3: 0.840 and further more
The market has broken up the downward trendline XB,and YA is the 0.382RET of XB. Meanwhile AB has pulled back the broken trendline,and the B point did not break down previous A point. Additionally, the RSI has been divergent already. So it is good to buy at 0.0106-0.0109 levels. SL:below 0.0099 TP1:0.0140 TP2:0.0155 TP3:0.0170 Ultimate Target:0.0196
The bullish AB=CD pattern completed at 0.974 level and the 1.618REXT of the last rise is at 0.970 level. Meanwhile the Demand Zone also works at 0.974-0.975 levels. So it is good to buy at 0.974-0.975 levels when the market pulls back the PRZ again and price action gives signals in the PRZ. SL:below 0.968 TP1:0.984 TP2:1.00 and further more
The market is pulling back the 0.618RET of previous rise and this level is also where the Demand zone works. Meanwhile the RSI has been divergent. So it is good to buyl at 1.341-1.344 levels when price action gives signals in the PRZ. SL:below 1.337 TP1:1.358 TP2:1.365 and further more
The bearish Cypher pattern will complete at 0.703 levels. Meanwhile the Supply Zone also works at 0.7037-0.704 levels. So it is good to sell at 0.7034-0.7045 levels when price action gives signals in the PRZ. SL:above 0.7055 TP1:0.7016 TP2:0.6995 and further more
The bullish AB=CD pattern completed at 1.596 level and the 2.0REXT of B-C is at 1.595 level. Meanwhile The 1.618EXT of AB locates at 1.594 level. Additionally the Demand Zone works at 1.593-1.596 levels. So it is good to buy at 1.593-1.596 levels when price action gives signals in the PRZ. SL:below 1.590 TP1:1.604 TP2:1.614 TP2:1.622 and further more
The bullish Libra pattern completed at 110.0-110.1 levels and the 0.618RET of previous rise locates at 110.5. Meanwhile the Demand Zone also works at this area. So it is good to buy at 110.0-110.5 levels when price action gives signals in the PRZ. SL:below 108.1 TP1:113.5 TP2:115.3 and further more
The 0.618RET of previous rise locates at 1.844 level. The bullish Bullish 1.618AB=CD pattern is completing at 1.840 level and the 1.618-1.786EXT of AB is at 1.840-1.845 levels. Meanwhile the Demand Zone works at 1.839-1.844 levels. Additionally,the RSI has been oversold. So it is good to buy at 1.840-1.844 levels when price action gives signals in the...
The bearish 1.27AB=CD is completing at 0.704 levels and the 2.236-2.618REXT of B-C is at 0.703-0.706 levels. Meanwhile the 1.618EXT of AB also locates at 0.703 levels. What is more,the Supply Zone works at 0.703-0.706 levels. Additionally,the RSI has been overbought. So it is good to sell at 0.704-0.706 levels when price action gives signals in the PRZ. SL:above...
The DXY dropped quickly because of Trump's scandle but will it continue to fall?The answer may be NO. The combined bullish AB=CD patterns will complete and work. The white AB=CD pattern completed at 97.6 and the 1.618EXT of BC is at 97.37 in the daily chart. The green AB=CD pattern will complete at 97.07 and the 2.0EXT of BC is at 97.10 in the chart. Meanwhile the...
The price has hit the Demand Zone which is fresh and true in daily chart. Meanwhile the RSI has been divengent already. So it is good to buy at 0.679-0.683 levels when price action gives signals in the PRZ. SL:below 0.675 TP1:0.695 TP2:0.703 and further more
The track of the market appeared in the weekly chart: The market broke out the orange downward trendline and confirmed the breakout true and valid. The market firstly tested the greed downward trendline after the breakout of the orange downward trendline. The market secondly tested the green downward trendline again after the confirmation of breakout. If the...