DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, PROTEOSTASIS THERAPEUTICS, INC. - COMMON STOCK, HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
2 trades with different potential targets
FORMING A PENNANT HOWEVER THE RED TREND LINE IS A MONTHLY TREND AND THEREFORE I EXPECT A DOWNWARDS REACTION TO WEAKLY SUPPORT(BLUE).
I ALSO EXPECT A BREAKTHROUGH OF THE 200 SSMA ON THE 4HR
UJ retest of channel before pushing up to monthly trend line.
YELLOW = daily levels
RED = monthly levels
GREEN = hourly levels
POTENTIAL AUDCAD LONG POSITION FOLLOWED BY A SH0RT.
EXPECTING SOME RALLYING BEFORE A MAJOR BEARISH MOVE.
THERE IS AUD INTEREST RATE AND RETAIL SALES DATA COMING OUT NEXT WEEK.
CAD HAS PMI DATA RELEASING NEXT WEEK
Due to positive news for GBP today, I would be wary for this setup, however this is a potential short scenario
BUY @ 1.23860
SELL AT 1.5550
NFP data is due to release tomorrow and as a result I am expecting the dollar to keep falling and for the eurodollar to reach the 1.254 monthly trend structure just before the data release(potential of 70pips).
Depending on the data and how the market reacts the eurodollar can either reverse or break through the supply zone and structure.
Let me know what you think.
850 is a good region to buy. Penant formation
The Elliot wave move is in its final stretch. I have a buy order pending around 9,000.