As our old idea explained before, EURUSD is on a bull bowl that will make it bounce up to make 200-300 pips in the coming weeks. While DXY is in trouble bowl that is bear top for it to test 94.5 soon. What about GOLD? Gold has not make any clear correction yet since December of 2018. This is good thing for buyers who open a position since the end of 2018 but not...
DXY has made a bear top for us . This is a bear top which is targeting 94.40 now. GOLD SHOULD HAVE MORE SPACE UP , SO DOES EURUSD. Less is more!
NZDUSD has a broken channel and right now its getting start its wave 3 up. This uptrend could make 470-720 pips. Less is more!
We have a bear bowl analysis before : That analysis is still valid. Check it on this weekly chart, you see a bear signal on the weekly chart that happen on the reflection point of the channel. This would be 5th wave down for 400-1100 pips. Less is more!
Our last idea on EURAUD said it has new swing for 1000 pips. Check it on weekly chart, you will find out its also has a chance to make 2000 pips on weekly on the case that you will hold a short trade for months. The red broken channel , RSI DIV on the blue pressure zone and reverse HAMMER are all telling you to short it for a long time. Less is more!
We have a short trade setting up last week. This trade is setting short for 100 pips which seems getting close done. On weekly chart, EURGBP has made 3 weeks moving beneath the blue pressure zone. And finally last week it gave us a reverse hammer as bear signal. That makes the red broken trendline is still valid for sellers who is looking for strong POUNDS...
Remeber this : A black swan happened last week made AUDNZD drop down sharply. Now price has moved back to its potential trend. A bull signal on weekly and daily chart show us a new potential trend start. And this one is for 400 pips max. AUSSIE is about to rise faster than KIWI. Less is more!
USDCAD has an engulfing pattern on weekly chart which is just a start for the 1st WAVE move south. Our signal on this short trade has tp1 hit with 150 pips last week. Acccording to the red channel, that this is new swing could drop down 700 pips max. USDCAD is moving from the reflection point on the channel down to the other one at the bottom. And now its too...
USOIL has made a doji and a bullish morning star on weekly chart, meaning we are bull on WTI in the next few weeks. We have a signal sent last week with tp1 48.20 hit already, waiting for tp2, tp3 hit. Now this idea is plan for a new entry or a new position to long usoil. USOIL could probably hit 50 first before making any strong correction for new position for...
GBPUSD has a strong bull signal on our weekly chart. The long trade could go up to 1.30-1.37, 300-1240 pips from the bottom. Plan for next week is try to find out an opportunity to open a position as low as possible with a protective SL. Less is more!
GOLD probably will correct down to 1240 to make a support BEFORE rerising up to 1300. Follow the channel unless it is broken. A healthy correction could help go up more than expectation. Less is more!
USOIL has a high probability to have a reverse morning star weekly bull signal. This weekly bull signal could help it correct up to 56-60 zone (the purple zone). And we have tried two trades to long usoil recently. One with TP1 hit and one is still onging with tp1 hit already. Keep the long trade as long as you have made your SL to your entry when TP1 HIT, and...
EURCAD has mde us TP2 hit already. Also another great pair to start a new swing this week is NZDCAD. Thia pair as we said, has a wide flat channel to drop. Right now it already making us 100 pips profit. The swing could drop down 800 + pips down, just follow the candlesticks till it show us some bull signal on daily chart. Less is more!
NZDCAD has a bear reverse bowl. The price of it just hit the red downtrend line too. This is a weekly bear signal for more than 600 pips. It would take weeks to finish. So not good for intraday traders. Less is more!
EURAUD has made many traders' SL hit this week, including us. But the blue resistance zone is still valid for sellers. Hopefully that SL did not hure your account too much. The new swing from the blue top could drop down 1000 pips for the coming few months! Godd luck! Less is more!
On the left weekly chart, BTC is waiting for another new week candlestick to confirm a bearish signal down for 2k . You could join by setting a SL higher than recent last high. On the right 4H chart, the downtrend is still valid and we expect BTC will drop down like ABCDE to test 3380 round first. Less is more!
USDCAD has made it up to touch the channel again. This is a paralle channel that give us some clues about the position could be a start of correction. We expect a correction coming on this position down to reach the other side of the channel . Fibo 0.618-1 are the possible target zone for sellers. Less is more!
Happy new year to all you guys! AUDNZD is our first plan of this week. A potential broken channel after 5-wave trend will have a chance to reverse. The reversal swing could send it up for 350 pips. Less is more!