In view of the potential support of the Dollar Index at 105.00/50, this would be in line with the idea of going short on GBPUSD next week.
I would wait for a candle rejection a tthe 1.22 levels to go short on this pair.
Both the daily and weekly RSI at the overbought zones. Let's watch this trade together.
A friend just asked my about my views on GBPSGD
This pair has been well resisted by the 1.8250/1.8300 levels since it dropped below it since Sept 2018.
It is now approaching this Sell Zone again. I am expecting it to be resisted again.
Spotted a Bearish Bat pattern, completing close to the 1.82 levels
After capturing past of the big drop in gold after the Bearish Butterfly Pattern (See related ideas).
Prices has approached the Buy Zone. Hopefully it can retest the Buy zone again for a Long at a 'nice' price
Now I am kicking myself in the behind !! We should have seen this opportunity for Zoom Technologies.
The nasty pandemic would have driven everyone towards online communication.
To top all of that, there was even a Bullish Bat pattern formed from the first day Zoom when IPO.
It even came back down to test the PRZ for a Type2 Entry
NOT advertising or anything...
Was chatting with an old friend and guess where we worked together last time ? No points for guessing.
Harmonic Patterns we originally created based on the studies on Stock prices. So yes it does work on Stocks & Indices too
I see two possibilities:
1. Bounce off the ABCD pattern at $3.00
2. Head slightly lower to complete the Bullish Crab Pattern at $2.84,...
The USD has been on a bullish run this past weeks. Most other currency falling against the USD.
Spotted a Bearish Shark pattern completing higher.
Another area where the DXY can turn could be at the recent highs.
Let's see and track this move on the USD together
Just looked at the daily chart, seems that we could be on the start of a new down trend
Too much news coming out of the US: Sino-US trade war, Presidential impeachment, Iran bombings etc etc
I just look at charts these days