GBPUSD is not getting through the red line and the blue top. Weekly candlestick is showing bear sign and it could probably drop down to the red zone with maximum 900 pips on its 2nd wave. LESS IS MORE!
EURUSD has not finished its last wave ( we hope) down. The bottom blue support zone is waiting for a confirmation. Once it is confirmed, we are looking for a bull 3rd wave up to 1.15 , breaking the red channel. LESS IS MORE!
EURAUD , as we analyzed before, it has a broken trendline, following with bear signal on daily chart. This is right shoulder to sellers who are looking for new swing of 900 pips maximum. LESS IS MORE!
XAUUSD is not bear to us on daily and weekly chart. On daily chart it can test 1345 later in 1-2 week. On weekly chart, it can make as high as 1365. And a daily correction will be more helpful for that. Less is more!
We did say this week is so important for USOIL . Back trace it on daily chart, the bull is not totally out yet. The ascending wedge is telling a bull story still. It is still on its wave 5 up , target 60-65. Less is more!
GBPJPY hit our target 1 with 260 pips profit for half size. Now we have 1/2 size with 0 risk because we moved our SL to entry already. GBPJPY probably would drop again after a small correction back to 4. As long as our new SL is not hit by the correction , our 1/2 size has a chance to test tp2 , 143 and tp3, 141. LESS IS MORE!
GBPCHF now has a hidden RSI DIV on its potential right shoulder. The shoulder is getting close to finish and could drag gbpchf down for 490 pips. Less is more!
USDCAD is bull in the last several trading days. But now it probably meet its bear zone again. The red channel is valid if if cant make a new high which seems on a weak possibility now. Looking for a bear signal on the assumed re channel. A potential new swing from BLUE B TO C. Less is more!
EURGBP is potentially has a support on weekly chart. This is the end of FIBO1.27 , so it will look north for a potential CYPHER D for 650 pips. LESS IS MORE!
GBPUSD is not good to me. The red resistance zone is valid for sellers. The red trendline is still valid as long as GBPUSD wont make any new high. The green support zone is possible for GBPUSD to test in the coming few weeks. The bottom C will happen if something dramas happen on Brexit. LESS IS MORE!
USOIL has touched 60 once. This week is so important for it. Because if oil cant make a new high above 60, it will go sideways and buyers' number will or confidence will drop at the same time, meaning a correction starts from 60 could happen after . This is not a trading signal asking to short usoil. Just telling a possibility to hunt pips. Less is more!
AUDCHF is a slow pair in the last 3 moths. It might speed up by follwing the red arrow down to the bottom for 500 pips. It made a reflection point on the small channel and that would be its 7th wave. Dont judge our wave count. It just a tool for trading , no need to argue if its right or wrong. LESS IS MORE!
CADCHF is no way bull for us. The red channel is what we are using to follow the bear trend. It is on its wave five to us and our tp1 is only 20 pips from current price. It will drop more till it reach the green zone and make a refelction point on the red descending channel. LESS IS MORE!
It looks like that we prefer to short than long on many pairs these days. And SHORT is always easier thatn LONG. EURAUD break the blue trend line and bear sign appear again on the blue resistance zone. The green zone is waiting for it to approach with 700 pips . Maybe EURAUD could drop more than that in the coming month. LESS IS MORE!
GBPAUD is on a wide ascending wedge. It just hit the pressure line again WITH a potential C for a new start of a swing. This would make it possible to move down to the bottom line for 1000 pips. Same that we have a signal on GBPAUD hit TP2 with 360 pips profit. It could drop more to make our tp3 and tp4 hit with 0 risk to us. LESS IS MORE!
GBPJPY could not make it pass through the red top zone. Assume that is a sign for new downtrend and make a blue downtrend line valid now. The light blue support will hold the downtrend for a wihle. Once it fail, GJ will try the bottom blue zone which is 2000 pips from now. Our last trade on GJ is still valid with tp1 (260 pips profit) hit and 0 risk now . LESS IS MORE!
NZDCHF just finished a bearish sideways beneath the blue top. And this sideways broke the blue trendline too. Looking for a bear trend start to south for 350 pips in the coming few weeks. LESS IS MORE!
XAUUSD/XAGUSD is still bearish on weekly chart. The pressure from blue top is still there. So buying SILVER or Selling Gold will go faster. This is not a idea for you to trade but to tell you which commodity is better to trade. But we trade SILVER AND GOLD at the same time. You should if you got enough free margin on your account. LESS IS MORE!