Last one for the night. USDCAD has had me fooled with this incredible climb it did for about a month straight. Spotted the channel it was in and realized that it to has reached the top. It is currently now consolidating but it won't be long now until it drops back to the lower trend line.
As we approach the top of the impulse wave we will have to wait for a significant breakout of the trend line. Upon breaking the trend line sellers can sell the break out. Expecting to dip into the 61.8 fib level. 300+ pips
Fellas. Eurjpy has seen quite a bit of resistance after climbing for quite a while. This area could be the start of a correction before reaching 134-137 area. initially we are aiming for 400+ pips. then From 118 to 134 we can expect at least 1400+ pips. and finally when the weekly correction is done there we will see anywhere between 600-1000+ pips
Nzd has been struggling to go past the .68400area. Great Support are Its Starting to loose it downside pressure. Im expecting for this to break the trend line and then retest it. That will confirm our long position.
Hey guys. So here is a harmonic pattern in the works.. this is a huge weekly pattern. you can pretty much ride it to the sell area 134-137. From there we will see a (insert Donald Trump voice here) HUGE down ward correction. Thus completing the pattern. Keep this one in the back of your head. either ride this bad boy to the top and then sell or wait for it and...
Dollar is about to start another decline. check out my other dxy calls USDDKK follows DXY
Hey guys. Heres a view of the next 1-2 weeks. As of right now Price will Continue to decline. (look at previous post. kiwi update) Once we reach the .69000 area we can expect a bounce. and a long term buy. Short Term Sell. Long Term Buy. will kept you updated. Comment below. share your thoughts. Message me for questions.
To understand Take a look at my DXY update. Should be a good area to short. Low risk involved. To Will post a picture, looks like we are in the 5th wave on the elliot wave.
Sounds like a book title.! Falling Wedge + price heading for resistance. we can expect 113-114 Enjoy. Comment below. for more frequent signals message me.
On the Last DXY post we followed the wedge and shorted this. we have now arrived at the bottom and I suspect that we will start climbing our way back to about 101 level or until we hit the falling trend line. Long term it seems that this will be DXY last rise to the upside. failure to break above the wedge will result in a large decline. POST ANY THOUGHTS.
When price comes back into the sell area (.71) we should see a rejection back in to the buy area (.69700) this should be a retracement for a further move up. Short term sell Long term Buy
We have arrived at an important point with silver. Taking a look at it I can assume that the rise we had yesterday with the FOMC rate decision was a way for it to come out of the oversold area. If todays daily candle closes as an inverted hammer that would be a good signal to short. Looking at past data when price reaches 17.04 it mostly always drops to...
could this be the completion of the final shoulder? Time to short we shall find out at the end of this descending triangle.
Ha.!!!! Cant believe i didn't see this before. GOLD is in the completion stage. All this time it has been making a pattern. BULLISH CYPHER to be exact. GOLD is finally in the golden reversal zone. However given that tomorrow morning is NFP not sure how much respect gold will pay to the pattern. I would say that gold shall either rise or stall out here. If you...
Price is headed to test support at 140.768. if you buy now this will be your TP. from there we can wait to see what the pair has in mind to do.
Going to possibly hit 1.07800 - 1.08. See you at the top
Buy. Take profit at .89959. see you at the top. Same goes for EURUSD see other post for details