Looking at recent patterns, it would seem a safe bet to assume that we repeat the earlier cycle pattern (green box) Should tap the 50% fib and turn down. The trend line is area for TP. Further downside expected. I'll update after we hit target. Feel free to like / comment Happy trading!
Looking at past patterns and current TA, (upward wedge, H&S formation occuring?) add trade war escalations into the mix, I think we're due a pull back. TP numbers are just estimates and will vary on your own charts. TP1 - Likely TP2 - Less Likely TP3 - Doubtful good luck J
Now that we've broken out of the wedge with some conviction, along with trade tensions weighing heavy and more factors I'm sure are coming in the near future. South just seems the more likely move at this time in to 2020. From there, we'll see. Play carefully in the Chop Zone marked (Red Box) Likes & follows are always appreciated Thanks for reading J
TP: 1960+ Slow uptrend throughout the day with a little boost off of a positive MBS (July) around pit close. After that, I'm not sure so... To be continued...
There's strong support around the 1.112 area. With a bounce off there in mind, we should see returns of previous recent highs of 1.118, possibly higher throughout the week. FOMC rate cut is an 80% Certainty.
Enter when it's an obvious bull move, TP. Wait for pull back and re=enter for June
This is target 1, further upside is expected to around 1433-35, possibly higher. updates as we go on
Down to Mid 58's and back up to test the top. won't be a smooth ride back up. wait for strong pull backs to expose the sellers stops
Use a controlled bid , one that can take the peaks and troughs and leave it until 2019. Enter whenever you feel comfortable we're turning to the downside. This is a long game,, The least amount of trades you enter, the least amount of trades you'll potentially lose. Low risk, high payback
Just a little opportunity for a quick bull position to take advantage of on a downside wedge on the hourly TF. Look at the previous resistance levels for TP I'm at 76100. Keep an eye on this one as you'll want to get out before it dips again
Downward wedge, not sure as its already broken support.keeping an eye on for a near future bull move