So we are in an inverted Head an Shoulders Pattern. Right now we are in a correction inside that yellow channel, telling us that it is not time yet to buy again .... probably wednesday after FOMC. Also I feel we are in a AB=CD channel to complete our Head and Shoulders ..... Be wise, control your fingers, and be patient.
I do expect this currency will be recovering some levels and remember we have GDP tomorrow morning and oil is recovering, but for tomorrow probably will be arriving the 79.0 level.
Just watch how many times the red and blue circles levels had repeated to understand why do I expect a Cypher if BOJ is hawkish.
This trading idea is only valid if Bank of England rise interest rates. In the mean time will be moving inside that yellow channel. Be patient and wait for thursday.
Follow the pink line, and star selling when lady line touch the yellow one.... that means not yet
Watch the pink line for this trade.
Follow the pink line and watch green spots for TP1 adnTP2
Follow the pink line and the red spots for TP1 and TP2
Just follow the pink line up to 61.8 fibo retacement
Follow the pink line and watch green spots fot TP1 and TP2
Follow the pink line and red spots for TP1 and TP2
So, the daily teng in purple has already been broken. Now its time for some more action in this pair. I expect at least for tomorrow a fast and furious rallie if US retail sales is according for what market expects and also remember that oil set up is also ready for a fast corrective bear. Watch in the red circle what has happened before in the same levles and...
I think that this pair is ready to rallie. Between the yellow lines you can see which is our next trade. So, for tomorrow if the US retail sales are near to a 0.4% increase and considering summer vacations when you purchase more things, is very probable this pairs is going to jump really fast taking us to the bottom yeellos line following the previous channel...
Tomorrow we have US retail sales, and while we see geopolitical tensions ease for a while, is very probable that the DXY will be arriving pretty soon to that blue line. Anyway this trade depends on what happens tomorrow with US retail sales, as well as wednesday with EU GDP that today showed some weak numbers. So lets do this one by one. Watch your fibos.
Probably you see what happened today with USOIL broken that channel we have been suffering for some days. Finally lady line arrive to the bottom of that channel and fundamentals are showing us that there will be some kind of oversupply in the market summing OPEC increase + other countries as Libia increasing supply, and very important do you remember the fire in...
At least for me, the only way is down. Also watch the RSI touching the bottom side of the trend.
Ok Guys and Girls. I had been waiting for this confirmation, and after Crude Inventories in the Us was waiting for that triangle in yellow to be broken. My RSI and Stcoh RSI are in the propper setup so it seems to be just ready for some profit. In the chart I had projected a Bat Pattern that is congruent with an AB = CD so everythin seems to be ready. Enjoy it.
By march 27 in my EXy my forecast was a Cypher, but it really was a Butterfly. Anyway during last impulse EXY just found the 0.38 fibo retracement, so whats next? Of course will be going for the 0.61 fibo retracement. Probably first we will find some correction, but is enevitable to arrive to the bottom of the pink gross line. For this trade or EP will be below...