USDCAD: CANT GET ANY HIGHER, SO DROP WITH USD DOLLAR
USOIL:Its easy to drop down rather than getting higher.
Trader: This is based on reasons: a. UJ is getting down b. GU is still in the down trend and should be short as long as it bounce up. c. the yellow downtrend line suppress the price getting higher. d. 2 candles form a evening star So why not take a try. Less is more!
GOLD: TIME FOR A RETRACEMENT WITH RSI(4H) DIV
USDJPY: WAITING FOR RETRACEMENT FOR SHORT
Traders: AUDUSD will get it retracement as GOLD AND SILVER getting their retracement. This time, AUSDUSD only be expected to pull back to fibo 618 0.7638 because of the last triple top and the downtrendline suppress. TP1:0.74475 TP2:0.73290
Traders: Using two trendline to predict GU retracement. This could also be the opportunity to short it again. TP 1.2 Less is more!
Traders: I was expecting gold to touch the trendline again like silver. Now evening star appear! I think its great to short than waste time on waiting. I already short it at1340, are you coming? Less is more!
Traders: trendline triple hit! and same high as last one! Now evening star appear! I already short it at 20.029, are you coming? Less is more!
Traders: When hitting close to the area of big wave 3 fibo ext2.0,gold bounced up immediately. Hopefully, you did not short it here, as chart shows strong RSI 4H DIV appeared, which means seller taking their profit and buyer in. We already long gold at 1244 and using the small wave( green arrow) and big wave 5 ( red arrow) fibo 382 to 618 to see if gold can...
Traders: Silver and gold are good sister, sharing the similar moving route! As chart shows, silver bounced up after touching the EXT FIBO1.618 of BIG wave 3 with RSI 4H DIV! The 1st tgt for the retracement is fibo 0.5 18.599 where the trendline of the last wave will suppress silver to go higher. And silver is expected to drop down to 16 ( EXT FIBO 1.414 OF...
Traders: Befor the UJ break the box, here is how we trade: 1. following the trend to get down to fibo 618-886. I prefer fibo886 100.547 where you can find a trendline support. 2.long UJ again when hitting the trendline support or close to the buyer zone. This is the trade hoping up 106. In the box, UJ is moving in the big WAVE 3 (red arrow) and samll...
GBPUSD: LONG IT FOR DOUBLE TEST OF THE TRENDLINE
Traders: Simply from the chart, Rsi 4h DIV, and the daily downtrendline . Short it when rehiting the last top or the downtrendline. Less is more!
EN:100.3 RETEST THE SUPPORT TRENDLINE SL: 100 TP: 101.611(FIBO382)
Traders: Any chance for UJ getting close to the edge of this triangle, you need to watch the shape of candles. Could be a bounce from there, and see a hugh space for bull. Using trendline and RSI 4h to find the best entry! Now its the begining for wave 6 and the end of wave 5 which usually could be the end of last trend( meaning the...
Traders: Its quite similar for oil and gold and silver, three of them all hit the midterm downtrendline, and all of their candles appear bearish when hitting it. So strategies are all similar! Less is more!
TRADERS: We missed the best entry1.3235, but we can still make an entry at1.32. Trendline broke and RSI4H div, what would you do ? Yes, short it! FIBO618 1.2986 AS TP! Less is more!