GU is in corrective channel formation
I believe we will see price tag 1.34 big figure then drop from there when UK decides not to raise rates.
targeting 1.30 with potential down to 1.255
Correlating EG Supply levels at .90 -.89
Looking for bullish reaction, if so we should see GBPUSD drop
DXY also in short term up side Correction targeting 93, before dropping...
Price closed gap last week at 1.20
Price unable to break above 1.21
Possible Wolf Wave Formation In process
Targeting 1.18 - 1.165
I am long term bullish EU, however this short term pull back was to easy to take advantage of.
Correlating EG & Dxy Price action as added confluence
To get more free weekly analysis Subscribe at bit.ly/disemail
UJ has been in a corrective structure which seems to be forming a bullish flag.
Looking for price to continue to the upside completing an ABCD measured move.
Waiting for bullish confirmation before entering long, just on sidelines for now.
rejection at big figure .7700
weekly Trend Line
Daily Bearish order Block
possible head and shoulders formation in process
Impulse leg down from high
Price below 20/50 ema + Cross below
Price in corrective flag pattern
waiting for price to break out: to upside to tag stops around .76300
Targeting short term .7371 resting stops
Silver completed abc pattern on daily time frame
Silver paused on Daily TL and then created a reversal channel formation
then broke out of down channel creating an impulse move up, Price pulled back into bullish order block, cleared stops and now possible up trend in play
my buy order was set 16.464 which was the bullish order block from where price broke out of...
Price started trending UP since May 11
Now NU has been in corrective pattern since June 14 at big figure 7300 and weekly Trend line creating resistance
Price Rallied and failed to break mid figure .73500. My entry was june 14 high .73200
Correlating audnzd bullishness indicating a weaker nzd as well as a strong dollar over the next few months
Price completed abc correction into big figure 109/Bullish order block
Impulse move out of base
Correction above 111
H&S formation, i believe its a fake out
Price has broken short term Trend Line in H&S Pattern
i expect price to run to the next big figure 112/Resting stops and from there price could potentially run to 113 as the DXY continues to gain...
ABC pattern completed at 109 and into demand zone
immediate reaction and price aggressively moved out forming an impulse leg out of the accumulation area
Price is now in a head shoulders like correction however i believe its a fake H&S and i expect price to continue upwards towards big figure 112 where there is resting liquidity.
Price has the potential as the DXY...
EU has failed to break below support over last few weeks
EurGBP has been bullish
dxy has been bullish, but has been in a short term pull back since last wednesday allowing for EU to break out above the down channel
If Dxy continue to remain in consolidation or goes into a deep retracement we can then see EU running towards liquidity around 1.13 level
Price has completed abc corrective pattern on daily
Price has been accumulating between 1.32 and 1.33
Price broke and closed above 1.33 then pulled back to Daily order block(liquidity)
Price respected the lows and lower TL and moved strongly out of the demand zone (bullish PA)
Oil has been bearish
dxy has been bullish
most Cad pairs are correlating similar price...