Joe_Damien

Joe_Damien

Upward movement to a level of 10.1840.

Joe_Damien

I can see that investors are bearish about this pair.

Joe_Damien

USD/INR showing a good sell setup

Joe_Damien

IN MY OPINION THE GBP/AUD WILL GO FURTHER DOWN TILL IT REACH THE BLUE WAVE.

Joe_Damien

SELLING OPPORTUNITY AFTER IT FAILS TO BREAK THE WHITE RESISTANCE.

Joe_Damien

there is an opportunity of a long buy till 120.08 or 120.85. lets wait and see.

Joe_Damien

We should expect an upward movement to the target highlighted in white.

Joe_Damien

THIS TRADE IS CONSIDERED RISKY SINCE WE ARE TRADING AGAINST THE TRADE, BUT ONCE IT WENT IN OUR DIRECTION ( UPWARD ) THERE WILL BE SIGNIFICANT AMOUNT OF PIPS TO BE COLLECTED.

Joe_Damien

WE SAW THAT THE TREND IS BROKEN, WE SHOULD EXPECT A DOWNWARD MOVEMENT NOW.

Joe_Damien

WE ARE EXPECTING THAT GOLD UPWARD IN A STRONG MOVEMENT AND REACH A TARGET OF MINIMUM OF 1616 USD.

Joe_Damien

POSSIBILITY OF AN UP MOVEMENT

Joe_Damien

POSSIBILITY OF AN UP MOVEMENT

Joe_Damien

WE CAN SEE THAT THE ELLIOTT WAVE IS OBVIOUS FROM THE 2ND WAVE RETRACEMENT OF 61.8% OF WAVE 1, THEN WE HAVE A CORRECTION IN A TRIANGLE FORM WE ARE IN WAVE E OF THIS TRIANGLE LOOKING FOR A MORE DECLINE IN THE PRICE OF AUD/NZD.

Joe_Damien

head and shoulders pattern...upward price in the future

Joe_Damien

we can notice that there is an inverse head & shoulders, so we should expect that the price will go higher in the near future...

Joe_Damien

AS YOU CAN SEE FROM THE CHART THAT THE ELLIOTT WAVE IS APPLIED CLEARLY, AND WE ARE AT THE END OF THE 4TH WAVE, AND NOW LOOKING FOR ANOTHER UPTREND WITH A 5TH WAVE...

Joe_Damien

As you can see from the graph, we can see a break down of the trend with a retracement of 61.8% level, so we should the price going down for the two levels highlighted in red...

Joe_Damien

1-WAITING FOR SOME BOUNCING ON THE SUPPORT . 2-AN ENGULFING CANDLE FOR CONFIRMATION . 3-BUY THE BULL...