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UsdJpy is in a expanding wedge with bullish divergence on the daily. Ive seen this move happen a few times with other currency pairs. If it rejects the daily trendline, I recommend buying. Always use stops and be smart.
EurJpy is currently at a monthly .786 fib. It also has formed a flag pattern on the weekly. I will be looking to buy on the lower time frame and hold this trade for a while. Im going for 5k-7k pips if I can hold it long enough. If not, just getting 1k pips from this trade should be very easy.
NzdUsd has one more short term move up, then I will be selling at the weekly .618 confluenced with the weekly trend line and some weekly structure. We should get a nice drop top the bottom trend line on this weekly flag pattern.
My last post on oil I predicted the exact movement. Now it has broken the ascending wedge. It hit the first level of support at the daily .618 fib. We should get a nice pullback to the 1hr .50 fib confluenced with the 4hr trend line retest. I recommend selling there.
Silver is in a bull channel but it is about to hit a resistance area. Its a weekly .50 fib confluenced with a daily extended -.618 fib. If it breaks this area, I will look to sell the trend line rejection. Target is the bottom trend line of the bull channel with some structure. I will sell on the 4hr. It is currently consolidating up on that time frame; more...
Gold is in a ascending wedge with bear divergence on the daily. I will be looking to short at weekly resistance which has confluence with a weekly .618 fib and a monthly .50 fib. If it breaks this level, I will look to grab my position at the trend line. Either way, the drop is coming very soon in my opinion. I will use 4hr for entry