Going to see either some more channel play or a break this week. I plan to play both sides here
PA Says it all. If next candle green, trade is void
Price action around the current trendline will determine the next move. B/O There will test the upper TL.
My forecast for AU in the coming months.
Rate Decision for Cad tomorrow. This could be a good one. SMALL stop. GL!!
Brought to my attention by @moorekapital. I like what I see here. Good R/R
Broken outside the wedge and then consolidating outside. Looking like it could drop towards 1.38 and eventually 1.35 if broken. If price gets inside the wedge again, we will see bulls gain control in the short term. Until the upper portion of the wedge is broken, bias is still in favor of the bears. Watch to see how it develops in the beginning of week 15.
The selloff on JPY is UNREAL. Broken support now turns to resistance. If we cant break above here, bearish momo will pick up even more towards 1.50 If broken above, bulls will have temporary control and will continue towards the two scenarios I had previously posted. Linked to this post as well. Lets wait and see what happens in the beginning of week 15.
Decision time for AU incoming. We will see a break of the 200 Ema, or a bounce to continue the uptrend. Also noticing a potential Teacup and Handle from .77 handle. Clone from the last drop from .77 shown on the chart and would be my long term target on this pair. Expiry around 2 months. A bounce on the 200 EMA will continue the uptrend towards .80 handle Wait...
Decision time again. Break or bounce. Whats interesting is that multiple GBPXXX Crosses are at this decision point at the same time. Price could bounce here and test upper tl. A break above that will give temporary control over to the bulls. A bounce from the upper tl should bring heavy bearish momo, testing weekly support level and S/S level. MacD Divergence...
There is a lot going on with this chart. We have a little divergence forming on the MacD. Nice wedge play since the beginning of march. Pay attention to the reaction around 1.8730-1.8750 next week for a bounce or break. Next target for bulls if broken would be the 200 EMA and psychological # 1.90. Beyond that we have the resistance from the red line. (previous...
Its decision time again. Will we have a break or bounce? Until upper red tl is broken, bias is still favored with the bears Next target for the bulls would be psychological # 2.15. A break above that and we may see a higher retracement towards the yellow box. Next target for the bears would be the Strong Support. A break below that will test out 2.00. Wait for...
Small Risk Large Reward. Keep it simple. Downtrend.
Looking like AU in store for some more downside. Daily Chart shows a crossover on VXI, and momo is pushing over the topside of the curve. GL
If 1.40 holds, there is no reason why this pair wont go 1.50-1.55 range, or higher. Most XXXUSD pairs on a monthly scale look as if they are about to start a new bull cycle.
USD price bubble going to explode anyday now. Wouldn't want to get caught on the wrong side