BtcUsd BTC Bitcoin
British Pound has formed bullish flag. Trend should continue up to 1.315-32
Last 5th corrective wave of C down to green box, will end total correction of big wave 4. Wave 5 will start there till new highs at least 20.44
Wave 4 of XauUsd is incomplete. The ABC correction has to end at green box. Then we can talk about Wave 5.
If oil wont find support at $42, then it has chances to drop another $15-$20
UsdChf is about to break 200 W SMA. The green trend lines are potential long term targets
Gold can retest 1460 level again. But overall it is uptrend and can see more upside till 1700.
With projected negative interest rate DXY will weaken against all major currencies. For now consider this as an ABC correction. Gold, Silver, and Stock Indices should go up too. Good Luck. Be patient!
Wait for breakout, then retest, then sell. You can also sell at retest or place sell stop previous low during retest. For all trades stop loss should be at 109.33
Place buy stop above 0.6436 and tp @ 0.692. RRR is 4.5. Good Luck. Be patient!
Should touch upper trend line @ 1.137 and if it can break it we will see 1.155 too. Good Luck. Be patient!
Blue horizontal lines are potential long term sell targets. Good Luck. Be patient!
There is hidden bearish divergence on Monthly time frame.
Long term short target is at 17.555
Could this be a double bottom for british pound? We will see. If so, the target is 1.68. WOOW