Price has been rising as a C wave which could be running out of steam. For now I expect a short move back to the trend line. Once there we'll make a decision about what is going to happen next. We could get a bounce and one more move up or price could breakout to give us a move back down as a D wave or simply a nice correction before C pushes higher. The...
Sorry I haven't been posting charts for a while. My computer crashed and I lost all the work I was doing for my training course. I'm busy re writing so I can't post as often as usual. Normal service will return soon. OK we've had a nice correction which could come down some more but I'm looking for this to go long. I don't trade this but it's a great indicator...
Dollar/Loonie have been ranging upward in this channel for a year now. We are currently at or near the channel top and we've had a trend line break. I'll be looking for a flag to get involved. This could go all the way down to the channel bottom. Once you choose your entry point remember to set your stop loss and stick to it. If it goes back up take the hit. If it...
Keep an eye on this one it looks likely to put in a nice correction some time soon. Look at the divergence on MACD Remember we are looking for a break of the channel and a flag or correction below the breakout for confirmation before entering. Alternately you could wait for the short move to complete and look for a long entry. Forecasts will be updated as they...
I'm looking at this as a corrective retracement of the previous downward impulse. I've drawn a speculative channel and inserted a few fib retracements and extensions Given that it's correcting the previous move I would expect to at least reach the 38.2 fib retracement If the channel is true we could also see a 50% fib retracement. Naturally price will not go...
Price is approaching the channel top so we'll know shortly if we're going to get a break out and long trade or a bounce back down for one move corrective wave. Stay neutral on this for now and let's see how this develops over the next day or so. Forecasts will be updated as they develop so remember to follow to receive them. You can also follow updates via...
Sorry I haven't been posting charts for a while. My computer crashed and I lost all the work I was doing for my training course. I'm busy re writing so I can't post as often as usual. Normal service will return soon. Silver has taken a while to make the correction I predicted last month but it's more or less there. We may see some more down side but I don't...
We've finally had a breakout of the diagonal price has been in for a couple of weeks. Wait for a pullback or flag for a long entry set up Forecasts will be updated as they develop so remember to follow to receive them. You can also receive notification of updates via twitter Always wait for an entry set up before risking your money. This is not investment...
I've been expecting a long break out for a few weeks - If price breaks and gives us an entry setup we could be in for a nice long trade. Forecasts will be updated as they develop so remember to follow to receive them. You can also follow updates via twitter Always wait for an entry set up before risking your money. This is not investment advice - it is purely...
I expected this to move a little deeper before going long but it now looks like it's trying to finish off this expanded flat. (See the linked chart below for my longer term forecast) At the moment we are looking at a potential long entry set up which should develop over the next day. If we get a break of the trend line (alarm line in chart) look for the...
The Dollar Yen pair are currently in a corrective phase after the long impulse up to these levels. As we know corrections can be quite complex and difficult to work out. In this case I think we are looking at a zig zag ABC correction which is incomplete. Zig zags are usually deep and sharp so I can see this moving further down before it's complete. The arrows...
This is looks like it is about to put in a nice short - possible C wave which could break the bottom before coming back up. If we get a break of the current diagonal I'll be looking for an opportunity to get into a sell trade. You can see my previous Silver forecast linked below Forecasts will be updated as they develop so remember to follow to receive them ....
We've had the predicted correction (see linked chart below) and I'm now looking for a long trade set up. MACD divergence isn't huge at the moment so we may see some more down side to this but watch it with a long bias. Forecasts will be updated as they develop so remember to follow to receive them. You can also receive notification of updates via twitter...
I expect a nice trade down to the channel floor - as always wait for the break of the current structure line before getting involved - I'm only looking for a short trade so if it goes long we have nothing to worry about Forecasts will be updated as they develop so remember to follow to receive them [ . You can also receive notification of updates via twitter...
Well I should say a new cunning plan. This is a follow up to yesterdays chart (link below) - I was waiting for a short entry on this yesterday and it went long in a spectacular fashion. It should correct before continuing toward the top of the weekly channel - it might not be necessary to wait until the trend line is broken - if a short set up presents itself I...
This looks like it wants to go short - we'll know more once it reaches the trend line - if we get a break look for a short entry set up. If that does not happen we stay out of it and wait to see what it does next. Forecasts will be updated as they develop so remember to follow to receive them . You can also receive notification of updates via twitter Always...
We've had a nice deep correction after the previous impulse - it could come a little deeper to the 50% fib. We look for the break of structure as our clue that something is changing. Do not try to catch the turning point - wait for a confirmed breakout and the correct set up for a long entry. Forecasts will be updated as they develop so remember to follow to...
In the short term this pair may break down to form a deeper correction before going long. I expect price to eventually break out of the current structure and put in a nice long move up to complete the C wave of the current weekly correction (I'll post a weekly chart in the comments to back up my forecast.) I'm only looking for this long trade (or series of...