Compared EURUSD to DXY(dollar index). DXY is showing one more potential decline and with this being inline with my EURUSD analysis ,this would appear so.
Watching oil, and the play out.
Everyone EEM chart setup looking like S&P500 chart , Waiting for retest of highs.
Showing how this weeks currency pairs are playing out for the weeks end.
DXY is showing and inline with all of the cross pairs, one more push lower.
GBPNZD running flat appears to be done and coiled to move higher but time will tell.
AUDNZD still in bigger correction pattern but looking to play upside to test longer term resistance.
EURJPY is still trending downward and I am still holding position. still watching the 128.50 area for reversal. This area I will be looking to flip my position.
Eur/Usd is still in this sideways movement but currently taking shape of a more complex pattern. Within this pattern I am taking a counter-trend move of buying EUR/USD to about 1.1820 area. I will then be looking to flip my position and play other direction.
Short-term upside is still needed for the audusd complex correction
EURJPY finally broke wedge pattern after multiple attempts. currently looking at the 128.50 level as first exit zone.
Cup and Handle pattern taking shape and almost complete. All that is left for completion is a break out of neckline. This big move will reap hundreds of pips and you herd it here!
Divergence on MACD and RSI tide-up with pattern looking good.
Every great consolidation has a trend in the end.
Really liked the setup before rollover, next opportunity is forming now Flags. I would really like to see a bigger correction and flag
Another GBP trade this setup is looking to break pattern but would rather wait for trend line break. One more move higher is still possible so not ready to place capital on trade just yet!
currently waiting for my short entry
I was already short pair, NFP stopped me out by 1 pip. I did not know this until i awoke, i am currently short again.The pattern forming appears to look like a continuation flag. My plan told be to reactive the short due only to the fact that NFP came out WEAK and price could not break above 1.4520. SL-1.4550 Entry-1.4450 TP-1.4220