Fav against the Yen - that I have entered - and £ that I am looking to enter after UK data Tuesday morning (if it moves it). Will be out of Yen if $ breaks upside / has not moved much before Kuroda speaks Weds (or b/e)
LONG $ vs SGD, and looking to enter long against CAD.....it can continue to consolidate
Failed b/o s
After an ending diagonal
Commods (ex Oil) all looking strong - and even oil maybe maybe looking to form a bottom.
As earlier, a simple ABC correction (with AB=CD) still only brings us own to c. 96. What is nothing as we have rallied from 80.
"The bottom's in" for equities.......Is it? ...
Played out perfectly.
All these 5w structure from the bottom of the L/Twedge keeping looking like the beginnings of the formation of an EW1.
If that is (finally) the case here, that looks the end of 1/3/3 - but will wait to see what happens at the lines.
Its all about the lines...............
A little lower and Im not sure I could resist a low risk (punt).
If it doesnt, I will look to enter on a decisive break of the upper band of the L/T down channel.
Break of HZ support, will look to enter.
Still will be a great trade for 2016 either way
Ordinarily, I would be bullishly biased. FXCM U$ index is off and away. The strong failure of the (ECB) break-out candle is a bit of a concern, as is the lack of momentum that I would expect at this juncture in a technical (breakout) move
Let's hope the minutes prove unexpectedly explosive...."As Janet mused over ...
Maybe - 32.50 is a huge level - but since the downtrend resumed in earnest summer 2015 when crude has reached the line what happens after Monday has given a clearer entry (mostly)
If that bottom in approx THE bottom, it will be rested. Coz crude always does.
Waiting. Watching USD/CAD too